What is societies obsession with carrying cash?

Dohnjoe · 26-12-2022 1:31pm

https://www.boards.ie/discussion/comment/120033846#Comment_120033846

"BaNkS ArE EviL"

Okay we get it. It's generally just simpler to pay digitally, hence there's more demand for it, hence it's being offered more. It's not some big nefarious plan.

Wanderer78 · 26-12-2022 1:33pm

https://www.boards.ie/discussion/comment/120034654#Comment_120034654

you wouldnt be suffering with that 'generalisation', now would yea!

26-12-2022 1:34pm

I personally use my card and bank transfer/revolut more than I will cash. When I bought my car recently in fact, I paid with reovlut.me. It allowed me to pay using my debit card, so if something was amiss with the car after I bought it I had a chance at getting my money back through a chargeback. Pretty handy.

Cash of course is useful but I don’t carry much often because I tend to lose it. 😅 I always try to have coins for trolleys and parking ticket machines that don’t take card.

As opposed to getting rid of cash altogether, I’d actually like to see it being worked in tandem with cards more. The likes of self service fuel pumps, on Friday after work (late) I was low on fuel. Yellow light, like. Had a 25km journey home, so needed to top up. I went to two 24/hr petrol stations with self service, both completely down. All terminals not able to accept card.

Now, if they had been able to take cash, there was an ATM handy. Like the self service tils in dunnes. Naturally would be potentially a security risk, including adding extra cash handling as they’d need someone to come collect it. The other issue with those self service pumps that needs to be sorted asap imo is they don’t seem to work with Apple/Google/Fitbit etc pay. It was actually just lucky I had my debit card with me cos most of the time I’m using Apple Pay!

bucketybuck · 26-12-2022 1:35pm

These trendy types are a financial services marketeer's wet dream, exactly the sort of people who would fall for a snappy slogan like "just tap - and go!" while not considering the implications or who is benefitting.

The only implication they are concerned with is whether they get to sneer at others or not. Its a micropenis thing, its the only way these lads ever get to feel big.

They are all into Crypto as well, which shows how low of intelligence they really are.

26-12-2022 1:36pm

https://www.boards.ie/discussion/comment/120034654#Comment_120034654

Germans?

Wanderer78 · 26-12-2022 1:37pm

https://www.boards.ie/discussion/comment/120034658#Comment_120034658

to be fair, there are great levers of powers, in particular the financial sector, thats playing a part in this digitisation, again, this was proven during the whole 08 crash, and the years thereafter....

Dohnjoe · 26-12-2022 1:39pm

https://www.boards.ie/discussion/comment/120034010#Comment_120034010

Digital is the majority of payments now

https://www.irishexaminer.com/business/economy/arid-40952783.html#:~:text=The%20Banking%20and%20Payments%20Federation,while%20contactless%20transactions%20also%20surged.

A poll found almost two thirds of Irish customers preferred digital over cash and "Only 3% of people surveyed do not use card or digital payments in any situation."

https://www.thinkbusiness.ie/articles/as-digital-wallets-soar-will-ireland-soon-be-a-cashless-society/

growleaves · 26-12-2022 2:01pm

'It simply isn't feasible and puts all of the power and control in the hands of the state, the banks and big tech to an extent.'

I agree and I think this is the only thing that can explain how resentful many posters are of cash and users of cash.

They don't just say "Yeah personally I prefer digital card payments but whatever".

Instead they present all kinds of scenarios, disquaifying language ("dinosaur"), say its inevitable etc., etc.

Politics is about who controls what, which is what makes this an emotive, controversial topic in the first place.

Of course the abolition of cash is not a neutral matter.

Wanderer78 · 26-12-2022 2:03pm

https://www.boards.ie/discussion/comment/120034756#Comment_120034756

...and you d be naïve to think power still resides within our political institutions....

hynesie08 · 26-12-2022 2:26pm

https://www.boards.ie/discussion/comment/120034756#Comment_120034756

Instead they present all kinds of scenarios, disquaifying language ("dinosaur"), say its inevitable etc., etc.

The cash is king people are godwinning the thread and inventing scenarios where the government and banks implement dystopian controls on your bank account, let's not pretend it's only one side.

elperello · 26-12-2022 2:30pm

Just back from the shop where I got the paper.

I had a few small denomination coins after Christmas and looked for a charity box.

There wasn't one.

Another side effect of increasing cashless transactions I suppose.

26-12-2022 2:30pm

https://www.boards.ie/discussion/comment/120034816#Comment_120034816

Yes, we should be thinking about roaming gangs of pickpockets and the clumsiness we all suffer from, dropping our wallets.

I don’t get this issue with cash, if people want to use cash, so be it, I use both and don’t want to be restricted to either.

growleaves · 26-12-2022 2:35pm

https://www.boards.ie/discussion/comment/120034816#Comment_120034816

Yes but its not a symmetrical debate. People like me care deepy about financial privacy, financial freedom and the use of cash and I'm happy to say so. I'm also not for limiting other people's consumer options - I'm not demanding that card payments be phased out. (I'm not a money launderer or a tax evader btw.)

Whereas anti-cash people can't own up to their real motivations and end up hiding fake diatribes about old biddies dipping into their coin purse. Or something equally silly and irrelevant.

Can you or others explain why some want cash eliminated and care so much about it, without waffling? I suspect you can't.

Btw Godwinning = evoking Hitler and the Nazis?

hynesie08 · 26-12-2022 2:35pm

https://www.boards.ie/discussion/comment/120034827#Comment_120034827

Another interesting but incorrect interpretation of something I didn't say, and less than 5 minutes after this time, you're getting better.

26-12-2022 2:40pm

https://www.boards.ie/discussion/comment/120034835#Comment_120034835

Yes.

20Wheel · 26-12-2022 2:47pm

https://www.boards.ie/discussion/comment/120034685#Comment_120034685

"Most people don't use cash" was the proposition.

Not 'cash is used less often than digital'.

As such your research is on the wrong track, and doesnt account for what I would call 'sane, normal people' who use both and dont give a donkeys.

Also the statement wasnt restricted to Irish people, globally more people still use cash, largely due to unreliable or non existant internet availability in low income/high population countries.

hynesie08 · 26-12-2022 2:55pm

https://www.boards.ie/discussion/comment/120034833#Comment_120034833

I have no issue with cash, I think it has it's place and it is due to reasons posted here (If I go on the rip and spend 200 quid I don't need revolut reminding me) but card is just easier. What I'm finding funny is every argument against card presented here actually is a stronger argument for it.

"What if you drop your phone"

I have my watch and physical cards, what if you drop your wallet?

"What if someone hacks your account and empties it"

I contact the fraud squad and eventually get it back, what happens if someone breaks into your house and robs your life savings?

"What if the payment system goes down?"

I go somewhere else, same as you do if the power cuts, but it's not really something I factor into my day to day living.

If Ireland went back to Lazer cards and 15 euro minimum card spends, I would adapt to a cash based life, same as most people would. If we went fully digital could the cash is king crowd say the same?

And RE:godwinning, only a few posts ago

Jawol meine Fuhrer I vill use meine kard. Cash is fur dem undesirables. Und it ist society that ist obsessed, und definitely nicht you.

Still stihl waters 3 · 26-12-2022 2:55pm

https://www.boards.ie/discussion/comment/120034654#Comment_120034654

There's an economy on its own involved with cash, long may it last

20Wheel · 26-12-2022 3:21pm

What about the issue of domestic violence when it comes to this cash free society nonsense.

It neednt be just the govt watching you, or any of the tinfoil conspiracy stuff.

A victim of domestic violence with access to cash, and the option to set aside some cash, and to spend anonymously is a lot less vulnerable to a controlling parter than one whose movements are timed and tracked and quantified.

Digital must be a controlling partners dream, and a domestic violence victims nightmare.

kippy · 26-12-2022 3:59pm

https://www.boards.ie/discussion/comment/120034642#Comment_120034642

We've already seen based on an example earlier in the thread that the consumer isn getting a cheaper service because of a move of one particular business to cashless.

I certainly amnt demanding more cashless services as it's obvious to me it doesnt benefit the consumer.

MrMusician18 · 26-12-2022 5:26pm

https://www.boards.ie/discussion/comment/120033400#Comment_120033400

You've never ever lost or misplaced any amount of cash?

cnocbui · 26-12-2022 5:41pm

https://www.boards.ie/discussion/comment/120035232#Comment_120035232

Not really so as I'd notice. Bank transaction fees on the other hand...

Dohnjoe · 26-12-2022 5:50pm

https://www.boards.ie/discussion/comment/120034858#Comment_120034858

That proposition is correct, most people don't use cash, a majority uses digital payments now in this country. We aren't an outlier in that regard.

Dohnjoe · 26-12-2022 5:55pm

https://www.boards.ie/discussion/comment/120035037#Comment_120035037

I think digital is quicker and more efficient than physical cash in most cases, which is backed up by the fact that we are using digital more and cash less. In the UK, for example, based on current rates it's forecast that in 9 years cash will only account for 6% of all payments. Regardless of personal opinions, it's all moving in that direction.

26-12-2022 6:09pm

Sitting in a bar in Cork, loads of cash going across the counter, doesn’t look as if it’s slowing the barmen down.

qba73 · 26-12-2022 6:12pm

https://www.boards.ie/discussion/comment/120030427#Comment_120030427

I say it would be safer to have 5000… as minimum

20Wheel · 26-12-2022 6:19pm

https://www.boards.ie/discussion/comment/120035305#Comment_120035305

Its not correct.

Most transactions may be digital, but that doesnt mean that most people dont use cash, alongside their digital systems.

The majority of the world still use cash.

And, in my opinion, its going to stay like that for quite some time. Especially in Africa and parts of Asia. The average joe in such places is rightly too distrustful of the ever adapting scams of the digital realm than to do his small transactions in anything that he cant physically see and hold. As the relative level of poverty goes up so does distrust and the demand for quick, no nonsense tangible exchange.

And your average corrupt policy maker wants to be able to disassociate himself from the loot entirely, and with certainty, and none of that fancy blockchain tech stuff.

Discodog · 26-12-2022 6:26pm

Years ago I got a little aluminum container that goes on your key ring called a cash stash. I keep a 50 note in it & it's bailed me out several times when I have forgotten my wallet.

https://www.amazon.co.uk/True-Utility-CashStash-Keyring-Holder/dp/B075T4L9VX/ref=sr_1_5?crid=8O7C3XK15QZW&keywords=cash%2Bkeyring%2Bholder&qid=1672075449&sprefix=cash%2B%2Bkeyring%2Caps%2C57&sr=8-5&th=1

Wanderer78 · 26-12-2022 6:49pm

https://www.boards.ie/discussion/comment/120035318#Comment_120035318

hard to tell what the future holds, but if theres some sort of major economic crisis in the future, whereby its believed the digitisation of the money supply was at the heart of it, or people simply lose faith in it, there could be a widescale reversal of this, its very interesting to see major regions of the world are still strongly cash, such as berlin etc....

elperello · 26-12-2022 7:03pm

https://www.boards.ie/discussion/comment/120035353#Comment_120035353

In many pubs in the UK you don't go to the bar anymore.

Order and pay with the app at your table and they bring the drink to you.

What is societies obsession with carrying cash?

Comments