Cash is important

What are you basing that on?

My business accounts were audited in 2017, at no time did I feel that I was being treated as “guilty until proven innocent”.

They do, see my earlier post.

I agree with you when it comes to an audit, even if your business is cash, Revenue can use sector modelling to estimate what you earn/owe. But we are not talking about an audit here,

The poster’s contention is that by insisting on paying by Revulot rather than cash, he prevented fraud. But having a Revulot payment account is not like having an AIB account here. Since March, Revulot have a banking license in Ireland and if accounts are converted from payment to banking accounts, they are reported directly to Irish Revenue. But if the account remains a payment account, that remains located in Lithuania and Revulot do not report those accounts to Irish Revenue, only to their Lithuanian counterparts. That info may then be shared with Irish Revenue, but you can see where there is room for a fraudster to operate.

The Chinese social credit system has existed already for years - and people with poorer social credit, aswell as perceived critics of the regime have had their bank accounts frozen in the past. When you remove the option of cash, these people would starve if the government decides their accounts should be frozen. Total control over your life.

We have seen a possible future in China, this is not new. To say it isnt possible is delusional.

It doesnt take a one party dictatorship to get to that stage, sure all you have to do is convince people its for their safety or the greater good.

Look at what covid was like in this country, some of the most stringent restrictions on movement and businesses in the world with no criticism or opposition from anyone in or outside government. When the media dont question the government you might aswell have a 1 party state

Tell that to Canadian truckers after their Covid protest, or have we all forgotten?

https://www.bbc.com/news/world-us-canada-60383385

Doesn't matter if you agree with their stupid protest or not, their accounts got frozen.

Cashless = Bad.

I don't use much cash, I find it inconvenient for the most part day to day. However if I go out for a night on the beer I only bring cash, its not good going out with your bank balance on your phone and checking the next morning your spend on your phone!

If your a business handling cash it a bit of a ball ache unless everything isn't above board.

I think its inevitable though the extinction of cash and it will be quicker than we expect, Covid sped it up certainly. ATM's will continue to be withdrawn as the usage declines and banks will close branches slowly. AIB mistake was making such a big show of it, if they just started gradually closing branches instead of announcing they are making 70 branches cashless no one would of bat an eyelid. AIB were the first to show their hand, the other banks will be slower with the transition.

Nope, they were terrorising the people of the locality and doing untold financial damage.

They were criminals.

Their protest cannot trump the quality of lives of others.

Let them fúck off out to an open field and protest all they want.

"untold financial damage" can you elaborate on that?

The City blew their budget on dealing with these fúckíng idiots, which has knock on effect to businesses, housing and society in general.

Do you believe people protesting in general are criminals or just these guys cause of the stupidity of it all?

The right to peaceful protest. That was well breached.

Again, it's not my opinion they are criminals, with the residents they terrorised also filing class action suits.

I think the debate is over lads. We need a magnet and a magnifying glass now the use the €2 coins before we head to the shop for some milk or the local for a pint with some change. Cash needs to go.

Counterfeit 2 euro coins 😯

You know there are counterfeit electronic payment cards as well right?

You don't need to run out and buy a magnet or magnifying glass now. Worst case scenario is you'll be out a Twix.

Retailers may wish they scrutinised payment cards with a magnifying glass after they've been stung by a counterfeit one.

This is the thing that some on here don't understand. It's the principle of the thing, not about whatever issue people are protesting about at the time.

This time it was the Truckers Protest in Canada, but what if the Republicans got into power in the US next time and decide to use those very tactics on people protesting Roe vs Wade? Would that be OK? It wouldn't for me.

Cheering because this is done to people who some on here disagree with parallels the views of Trump supporters who say that "He's not hurting the people he needs to be hurting" because they are just the other side of that coin right now. We've seen over the last couple of years how things can change dramatically overnight, the entire globe under lockdown and people limited to 2km from their homes and it was broadly accepted by the majority. If anyone had said that this would happen in 2019 they would have been labelled a lunatic, but it happened a year later.

I've been accused of scaremongering when all I've done is apply a what if, to recent events. Ones that I hope will never come to pass. I don't see why anyone should be denied access to their own money for whatever reason. Others on here have posted the most extreme examples i.e. people being denied access to their own money, whether it's due to government action, electricity or internet cuts or bank failures have all had the same effect

Use the precautionary principle and think of possible ramifications of such a move, while hoping it never comes to pass.

Remember, everything is fine, until it isn't.

Yes, but we're not just talking about tear gas here, bad and all as that is. Do you think if he had the power then to stop those protestors accessing their own money he wouldn't have done it? I think he would have revelled in it, and so would a lot of his supporters.