@divegeester saidI could go cashless, but ONLY if we're allowed to continue to buy and own gold and/or silver. I'm not going to trust my nest egg to a microprocessor.
How far away is the scenario of a truly cashless society with all its inherent dangers. Are you for or against, and why?
https://www.theguardian.com/books/2022/apr/18/the-big-idea-should-we-embrace-a-cashless-society
@kevcvs57 saidCredit cards charge a fee. You are asking me to lose money to the credit card companies. It is more than just the reader.
Then you clearly either, do not understand much, or you have not read my post correctly.
If you have a card reader, which are not at all expensive and you live in a rural setting with no car you especially do not want the expense of having to physically bank any cash you make from selling your eggs. Why would you prefer that option if you are poor.
Your reply tells me you ...[text shortened]... eflection. I know all there is to know about being poor and I prefer cash free for that very reason.
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@divegeester saidDo you mean just physical cash, or both physical and virtual/digital cash?
How far away is the scenario of a truly cashless society with all its inherent dangers. Are you for or against, and why?
https://www.theguardian.com/books/2022/apr/18/the-big-idea-should-we-embrace-a-cashless-society
I’ve thought about this a bit now.
I’m against a cashless society.
The minor reason is shopping trolleys. You need to put a coin in them to use them. If you don’t then you seemingly end up with shopping trollys all over the city.
The major, and more serious, reason is privacy.
Basically, if you pay with a card or phone, the transaction is logged along with your location.
I can comprehend law enforecement agencies finding this a grand practice, but it’s not a good thing that you’re constantly being tracked.
Same basically goes for your mobile phone. And sometimes your car.
And in some supermarkets every article you buy.
Everything you’ve ever bought online is logged somewhere. The information shared with data gatherers, advertisement agencies and worse.
So. No. Keep paying with cash a possibility.
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@shavixmir saidI suspect that as a reversal from MMO currency we might soon have a variety of private currencies in play in the real world, just as we did one or two hundred years ago.
I’ve thought about this a bit now.
I’m against a cashless society.
The minor reason is shopping trolleys. You need to put a coin in them to use them. If you don’t then you seemingly end up with shopping trollys all over the city.
The major, and more serious, reason is privacy.
Basically, if you pay with a card or phone, the transaction is logged along with your loca ...[text shortened]... th data gatherers, advertisement agencies and worse.
So. No. Keep paying with cash a possibility.
I’m dead against a cashless society but I’m not against digitisation.
Cash and handling cash teaches children about the value of money. I like tipping with cash, I like putting notes in birthday cards, handing cash to those in need and enjoy paying cash for manual services and sticking one to the exchequer. I like taking foreign currency on holiday. No more garage/boot sales, no more hiding cash to escape from an abusive relationship, no more savings in a jar. You entire existence digitised.
The elderly, the vulnerable and the poor will suffer hugely from a cashless society which I see as only benefiting the elite classes and handing complete control of everything, yes everything to big brother government, the banks and the corporate giants.
Cash is just a “promise to pay” token I suppose, it’s not real trading, but we can’t go back to swapping pigs for corn.
I just don’t like the feel of it.
@divegeester
Firmly against, for all the reasons cited above, plus one more. It wouldn’t truly eradicate the cash economy; it would only drive the cash economy underground, where it can no longer be monitored and regulated to ensure fairness and consumer protections (e.g., ensuring products are safe and fit for purpose). The attempt to implement widespread cashlessness would directly lead to competing black market mafias/cartels, not only for drugs, weapons and contraband, but for common items, with all of their attendant violence (turf wars etc.).
@metal-brain saidStop talking nonsense you pay the fee for the line of credit not going cashless.
Credit cards charge a fee. You are asking me to lose money to the credit card companies. It is more than just the reader.
My debit card does not charge me a fee and gives me the same purchase protection as a credit card. If you are using a credit card to do everyday purchases it’s the interest rate you need to worry about.
I’m still waiting for an actual argument against a cashless society given that it seems to be people voting with their feet and going cashless as a choice.
@kevcvs57 saidYou don't understand.
Stop talking nonsense you pay the fee for the line of credit not going cashless.
My debit card does not charge me a fee and gives me the same purchase protection as a credit card. If you are using a credit card to do everyday purchases it’s the interest rate you need to worry about.
I’m still waiting for an actual argument against a cashless society given that it seems to be people voting with their feet and going cashless as a choice.
I am not talking about debit cards.
Small store owners prefer cash instead of credit cards. Every time a store owner accepts a credit card for payment the credit card company charges them 3% plus a transaction fee.
I only use credit cards because I get cash back and I benefit from it. When a local store owner told me the credit card company charges them 3% plus a transaction fee I realized what a racket credit cards are. I get a cut and the local store owner gets screwed. Another local store owner charges a fee if you use a credit card for purchases less than 5 dollars. The reason is simple, they are getting screwed by the credit card companies for accepting their cards.
You get a card reader. Lose 3% plus a transaction fee.
Still like the idea of cashless?
@mchill
That's one thing, but I was cashless today and came across an estate sale and I go to it and found outstanding deals, I mean like they did not know the true value of what they offered, so no cash for the deals, I had to go to an ATM and suck out the money which cost me 3 bucks so I LOST money just getting money, so then back to the sale and for 47 bucks I got an overhead wood saw, a radial saw, a 3/8 inch electric reversable variable speed drill, a set of screws and nuts and such in a set, a hoover vacuum cleaner and a couple other things. So I got all that stuff but had to drive like 5 miles to an ATM because I was out in the country.
So much for cashless. Still the nice part was all that stuff say in a hock shop would have been EASY over 500 bucks. I am STILL blown away by that deal. I almost got a really nice air compressor but when I asked what the price of that was, they came back and said the son in law wanted that. I think the old man died and the widow sold everything and selling the house too, even the price of the house was low for what they had, half acre lot and a small ranch house, would love to buy it but too broke for that kind of thing right now, they want under 300K, I heard US average price for houses now is 375K.
@metal-brain saidThe local store owner should charge a surcharge for using a credit card then 🙄
You don't understand.
I am not talking about debit cards.
Small store owners prefer cash instead of credit cards. Every time a store owner accepts a credit card for payment the credit card company charges them 3% plus a transaction fee.
I only use credit cards because I get cash back and I benefit from it. When a local store owner told me the credit card company ...[text shortened]... cards.
You get a card reader. Lose 3% plus a transaction fee.
Still like the idea of cashless?
This still has nothing to do with going cash Less it’s to do with not using credit cards
@kevcvs57 saidSome do. I pointed that out. I also pointed out that I get a cut. Credit cards are the main source of cashless. Are you predicting their demise?
The local store owner should charge a surcharge for using a credit card then 🙄
This still has nothing to do with going cash Less it’s to do with not using credit cards
@metal-brain saidOMG can you read I support the idea of going cashless provided its organic, as in people simply stop using cash.
Some do. I pointed that out. I also pointed out that I get a cut. Credit cards are the main source of cashless. Are you predicting their demise?
I use credit cards for online purchases but I make everyday purchases with my contactless debit card"
The people who are cracking on about cashless being a burden on the poor have never tried to find a cash machine in a poverty stricken council estate or rural area. Cashless is convenient and precise and coupled with online it mobile banking is a boon for anyone juggling a low income.
@kevcvs57 saidOrganic?
OMG can you read I support the idea of going cashless provided its organic, as in people simply stop using cash.
I use credit cards for online purchases but I make everyday purchases with my contactless debit card"
The people who are cracking on about cashless being a burden on the poor have never tried to find a cash machine in a poverty stricken council estate or rural a ...[text shortened]... nt and precise and coupled with online it mobile banking is a boon for anyone juggling a low income.
What are you talking about?
I am not against digital currencies. I am against cashless. I have nothing against using Bitcoin for example.
https://www.zerohedge.com/crypto/ukraine-bans-bitcoin-purchases-national-currency-amid-martial-law
I am for cash as an option, that is all. Cashless means elimination of cash. That is stupid. We would regress to barter to replace cash.