Cashless Society

SafeSurfer

Would you agree to a cashless society if it meant low levels of tax evasion, crime etc, but meant all your transactions were traceable?

skywalker

Not if the bank fees keep going up.

BillyMitchel

Bro do you even lift?

Nemeses

skywalker wrote: »

Not if the bank fees keep going up.

Indeed, and for this occasion I have create my own bank.

It uses monopoly money.

IM0

SafeSurfer wrote: »

Would you agree to a cashless society if it meant low levels of tax evasion, crime etc, but meant all your transactions were traceable?

would you?

SafeSurfer

BillyMitchel wrote: »

Bro do you even lift?

Naturally I finished the set.

SafeSurfer

IM0 wrote: »

would you?

Would I Fock!

IM0

Nemeses wrote: »

Indeed, and for this occasion I have create my own bank.

It uses monopoly money.

and is used for buy empty cardboard boxes of cereal, empty jars and leaves

Rayne Wooney

I couldn't comprehend a jamless society, I mean, what would we put on the other have of the peanut butter sandwich?

MOC88

SafeSurfer wrote: »

Would you agree to a cashless society if it meant low levels of tax evasion, crime etc, but meant all your transactions were traceable?

Well the problem is that it's one law in this country for one set of people and a completely different one for other people. The problem isn't tracability its the enforcement of laws IMO.

Course I'd start a vegetable patch to bring down the system!

IM0

SafeSurfer wrote: »

Would I Fock!

your arguement is compelling. Im in. sold!

Stereomaniac

But we aren't allowed sell empty milk cartons, we just have to throw them out cuz they smell.

IM0

Stereomaniac wrote: »

But we aren't allowed sell empty milk cartons, we just have to throw them out cuz they smell.

rinse them you tit

Festy

No thanks,


I ain't taking the mark of the beast so fuuuuu Obama :pac:

darragh o meara

I couldn't see a cashless society ever working 100% there would too much control by banks and governments to do exactly what they want.

Dame Edna gets a call from Merkel some morning saying we need more money, he goes to his computer and click click click and the money's gone... You get no say.

They bring in a new tax!! Click and you've paid it, doesn't matter that you have food or anything else to pay for.

At least if you have cash in some other safe spot other than a bank well only you can touch it.

Before they could even contemplate it banks and politicians would need to be trusted 100% and corruption free. Will that ever happen??? I doubt it.

darragh o meara

Festy wrote: »

No thanks,


I ain't taking the mark of the beast so fuuuuu Obama :pac:

Isn't that not RFID related?? Where everyone is tagged with an rfid chip for identification?? That's scary stuff too by the way. Just done a research thesis on rfid and some of the patents that have been applied for in recent times to do with implantable rfid would scare you.

For example a Middle Eastern scientist developed an implantable rfid tag which contained enough poison to kill a man. One click and it releases the poison into the bloodstream and you die....

endacl

I do live in a cashless society. Until Thursday...

Jonny7

darragh o meara wrote: »

I couldn't see a cashless society ever working 100% there would too much control by banks and governments to do exactly what they want.

Dame Edna gets a call from Merkel some morning saying we need more money, he goes to his computer and click click click and the money's gone... You get no say.

They bring in a new tax!! Click and you've paid it, doesn't matter that you have food or anything else to pay for.

At least if you have cash in some other safe spot other than a bank well only you can touch it.

Before they could even contemplate it banks and politicians would need to be trusted 100% and corruption free. Will that ever happen??? I doubt it.

I live in a country where 90% of my transactions are cashless

It's handy, just means I don't have to go to the atm so often

numerologistic

Jonny7 wrote: »

I live in a country where 90% of my transactions are cashless

It's handy, just means I don't have to go to the atm so often

I could see a lot of countries like that going back to Barter.

It's useful to have as an option, but no, I certainly wouldn't want all privacy removed like that. They have enough snooping powers as it is

Sergeant

How would stoners pay drug dealers for their weed?

Dravokivich

I don't see cash as a matter of protecting privacy. I don't like the dependancy on other factors to go cashless. Such as the availability of credit card devices. Not everywhere uses'em. Then what's needed for the device if there was one, an online connection and power source. I couldn't be confident that that is always going to be available.

Sergeant wrote: »

How would stoners pay drug dealers for their weed?

Favours

jester77

IM0 wrote: »

rinse them you tit

water costs money now!

jester77

Sergeant wrote: »

How would stoners pay drug dealers for their weed?

direct debit or standing order if they are a regular customer

numerologistic

bluewolf wrote: »

It's useful to have as an option, but no, I certainly wouldn't want all privacy removed like that. They have enough snooping powers as it is

After that NSA saga I wouldn't trust a full blown cashless society.

Capt'n Midnight

Sergeant wrote: »

How would stoners pay drug dealers for their weed?

Technical expenses covers a multitude of sins.

geeky

In a word, no. A world where Fidelma Healy-Earmes can become a legislator is a world where I don't trust the Government to monitor what's good for me.

biko

SafeSurfer wrote: »

Would you agree to a cashless society if it meant low levels of tax evasion, crime etc, but meant all your transactions were traceable?

No, and besides it doesn't mean end of any crime whatsoever.

A cashless society just means the bankers own your sorry butt 100%, that's not a good future at all.

darkhorse

SafeSurfer wrote: »

Would you agree to a cashless society if it meant low levels of tax evasion, crime etc, but meant all your transactions were traceable?

I would agree to a cashless society, as I am cashless at least 3 days a week, so I wouldn't find it a very big transition.:(

Daveysil15

It could be a predecessor to a one world currency which wouldn't be good.

JD DABA

I want to hear what Mr Srnub thinks of this.

endacl

Daveysil15 wrote: »

It could be a predecessor to a one world currency which wouldn't be good.

There used to be one. Gold. Of course we couldn't go back to the bad old days of knowing exactly what cash was worth, and no inflation...

languagenerd

The idea of a cashless society scares me. Money would lose all meaning when you have nothing tangible to associate it with - it becomes just a number on a screen, which means that it could be changed in a flash by computer failure, corrupt bankers, hackers, changes to govt policy... It also means a lack of privacy, with every transaction traceable and logged in a system somewhere. And while I don't buy anything dodgy or illegal, I don't necessarily want a politician or bank employee or civil servant (or advertising company) knowing what I'm spending all my money on. Furthermore, if corruption ever got really bad, it could become possible for the powers that be to block your ability to spend money (obv a worst case scenario, but as long as cash exists, that's not really possible).

If you lost your bank card, or if there was a power cut, or if the system failed like in Ulster Bank last year, you couldn't buy or pay for anything at all until it was resolved (and all of those could last days or weeks). It would make us too reliant on technology and would only work if we could be 100% sure that there'd never be technological failure or breakdowns.

Also, it'd mean that you could never buy anything for under a fiver (because the transaction fees for debit cards make it unprofitable for businesses to process small transactions) so prices would probably rise on basic items.

TL;DR: No. Long live tangible cash!

Daveysil15

endacl wrote: »

There used to be one. Gold. Of course we couldn't go back to the bad old days of knowing exactly what cash was worth, and no inflation...

Yeah and then there's the loss of national sovereignty and political obstacles like getting the countries of the world to agree on interest rates, loans, credit and other money management issues.

Celly Smunt

Monopoly with cards isn't as fun.Therefore no.

discus

languagenerd wrote: »

TL;DR: No. Long live tangible cash!

Yes, cash, tangible. God bless those pieces of paper that are only worth the value that others tell us they are worth.

ToddyDoody

SafeSurfer wrote: »

Would you agree to a cashless society if it meant low levels of tax evasion, crime etc, but meant all your transactions were traceable?

Id suggest we bring back precious metals, something real in your hand. Gives meaning to money and its value.

ScumLord

languagenerd wrote: »

The idea of a cashless society scares me. Money would lose all meaning when you have nothing tangible to associate it with - it becomes just a number on a screen, which means that it could be changed in a flash by computer failure, corrupt bankers, hackers, changes to govt policy...

Cash has always been like that. Cash is basically worthless unless two people agree it has worth and trade using it.

The problem I have with electronic payments is your charged for it. If we're forced into a society where banks get a cut of every single transaction ever made on the planet I'm going mad max on this mother.

There's no reason why we can't have a cashless society where electronic payments are completely free. It's sickening that banks charge for something their computer is doing anyway in milliseconds.

ThreeBlindMice

Didn't the Bible predict some sort of a cashless society?

discus

ThreeBlindMice wrote: »

Didn't the Bible predict some sort of a cashless society?

Yeah it's called heaven but there's no room for you heathens and athiests. Enjoy your stimulating discussions with dawkins... in Hell mwahahahahahahahaha :pac:

Cookie_Monster

SafeSurfer wrote: »

Would you agree to a cashless society if it meant low levels of tax evasion, crime etc, but meant all your transactions were traceable?

I effectively live in a cashless society in NZ. I've had cash on me only once in the last 3 months to pay for the airport bus in Wellington, everything else is online banking of EFTPOS*. It's great.

Obviously cash is still very much acceptable and many people use it, but I think it's much further along the journey to cashlessness than most countries.


*Electronic Funds Transfer Point Of Sale: like Laser only much cheaper for retailers and customers, faster and better.

Tar.Aldarion

ScumLord wrote: »

Cash has always been like that. Cash is basically worthless unless two people agree it has worth and trade using it.

The problem I have with electronic payments is your charged for it. If we're forced into a society where banks get a cut of every single transaction ever made on the planet I'm going mad max on this mother.

There's no reason why we can't have a cashless society where electronic payments are completely free. It's sickening that banks charge for something their computer is doing anyway in milliseconds.

If your bank is charging you move to the bank that doesnt, it's that simple. Banks play off peoples inertia of moving bank accounts, which is why countless thousands pay fees.

B.A._Baracus

SafeSurfer wrote: »

Would you agree to a cashless society if it meant low levels of tax evasion, crime etc, but meant all your transactions were traceable?

I would not agree to a cashless society. It's banks that are trying to push for this. They see it as cementing a better future for themselves.

They already charge you for use of an atm or credit card. But that's not good enough. Imagine a world where you have to pay a 'fee' for purchasing a cup of coffee, perhaps a sandwich? ... sounds like a wetdream for banks, doesnt it.

languagenerd

ScumLord wrote: »

Cash has always been like that. Cash is basically worthless unless two people agree it has worth and trade using it.

I know that. But an entirely cashless society is a whole other level of danger. Your balance could be changed without the actual value of the currency (or whatever we'd call it if it didn't exist in paper form) changing - if a computer program/system was all that decided how much 'money' we had, it'd be possible for a hacker to change yours to zero, or to transfer it all out, or for a system virus to wipe out your entire account. You can't wipe a wad of paper money from existence unless you burn it...

Obviously the transaction fees, potential price increases and traceability are more important factors, but I don't think we should overlook the above either...

Locanfetzava

ThreeBlindMice wrote: »

Didn't the Bible predict some sort of a cashless society?

Here.

WilyCoyote

Very few cash transactions out here unless it is under a couple of $$. You keep a few coins for parking in the car. Makes life easier just to carry a card.

ThreeBlindMice

WilyCoyote wrote: »

You keep a few coins for parking in the car. Makes life easier just to carry a card.

You can pay for parking with a text message in most places now.

awec

I personally hate carrying cash

ThreeBlindMice

awec wrote: »

I personally hate carrying cash

Don't mind small amounts but hate carrying anything over €50 as I would either blow it on something stupid or lose it.