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 Replies: 23 / Views: 3,214 |
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Pillar of the Community
Canada
610 Posts |
I agree 1cent.
But I also agree with c_c We will be around to see it happen one day.
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Pillar of the Community
United States
2408 Posts |
Quote:
Be careful what you wish for, CC. Cash transactions provide anonymity that digital transactions won't. I didn't say I wish for it to happen, I just stated the inevitable. Not sure what the percentage is but I would guess that most people use some form of electronic payment for convenience, security and for tracking purposes. As far as anonymity is concerned, you and I are well beyond that point already. I make tons of transactions on-line, credit/debit etc. You probably do the same. So it's not like we are new to the stolen identity problem - if that's what you were implying. Everything significant I bought in the past 15 years+ is on record somewhere. But there are a few things I have purchased in the past (and can't disclose on this forum) that I wouldn't want people to know about, of course. And that's my point I guess. Of all the things I purchased - maybe some things aren't on that list for a reason. Bubble gum, coffee & newspaper don't count... |
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Pillar of the Community
United States
1256 Posts |
Things change. I remember when folk cried about being paid with a check and then cried some more when forced to electronic transfer. But now they wouldn't have any other way. I can buy/receive a gift card and it's not tied to me. There will be other ways to do secret spending without having to use cash.
I was thinking yesterday that because I do use debit all the time I miss out on having coins to go through. Bah! A fleeting thought. I'll just use my card and get me some more rolls :0
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Pillar of the Community
Canada
1051 Posts |
Quote:
I didn't say I wish for it to happen, I just stated the inevitable. Not sure what the percentage is but I would guess that most people use some form of electronic payment for convenience, security and for tracking purposes. I guess I shouldn't have said "you" but "us". Maybe not consciously, but by our actions. I'm not worried about identity theft CC, I'm worried about freedom theft...something that has been sharply on the increase lately. |
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Bedrock of the Community
Australia
21788 Posts |
1cent: I agree as well. I have never had a credit card, I have never needed one. I pay all of my bills in cash at the Post Office, with cash from the bank, which is next door. The post Office electronically transfers the payments for me, for free!
For large payments, such as to buy a car, get a bank check, car dealers see those as good as cash.
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Valued Member
Canada
276 Posts |
What's wrong with paying with a credit card or bank card? No difference between that and cash, if you pay your balance every month. People seem to think that there is some evil purpose behind issuing a credit card ... and they're WRONG! Credit card companies exist to make money, and if you don't pay up in full, they're just "lending" you money at a really high rate. C'est pas plus compliqué que ça...
As for freedom theft ... really? I wasn't aware that having a CC or paying electronically was a freedom restriction. I view it as a freedom enabler - it gives me more options, and enables freedom.
As for 'anonymity', I suppose you could argue that there are things you don't want people to know you've bought ... but really - why are you buying things from people you don't trust? And if they have a record of your purchase, how does that affect you? I mean, unless you're hiding things from your spouse.
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Pillar of the Community
Canada
1051 Posts |
rodime, you are not understanding the concept of freedom. I'm not talking about convenience, I'm talking about the right of people who are doing nothing wrong to go about their lives as they see fit, without the watchful eyes of government and tracking agencies. Orwell's "1984" was more of a warning than a work of fiction, and if you don't see why, you haven't been paying attention.
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Bedrock of the Community
Australia
21788 Posts |
I know of too many people who have had their credit card accounts dudded, with money stolen from them.
If I travel overseas, I will use a debit card, and some cash for emergencies. At least I can limit the amount of money that is being pinched from me. I will also pre pay as much as possible before I travel.
Edited by sel_69l
11/05/2010 11:58 pm
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Pillar of the Community
United States
2408 Posts |
sel, I don't know what the rules are in Australia but my Capital One credit card is fully protected against fraud. The majority of debit cards do not provide benefits such as travelers insurance, rental car insurance and rewards. I can't imagine traveling without a credit card. And technically, I don't think it is even possible. Airfare, car and hotel reservations without a credit card? Not sure. And I won't carry a debit card either. For one, it is just as easy for crooks to steal your credentials. And if they succeed, then they go straight to your stash... the cash you need to pay the bills. A lot of people got into serious trouble. This article can explain it better than I can: http://www.kevincoffey.com/money/at...ormation.htmBut we digress... Let's face it. Cash, coins, bills (and checks I would add) are on the decline. Is it good or bad, what will be the future, I don't know. But the path is inevitable. |
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Valued Member
Canada
276 Posts |
@1cent: That's a great philosophical argument that doesn't translate in to real life examples.
As for credit/check card fraud, both my checking account and my credit card are $0 liability if stolen. It's a bit of a hassle (You have to file a police report and send that to the bank), but combine 0 liability and common sense, and you never need to worry about a stolen card ...
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Bedrock of the Community
Australia
21788 Posts |
I travelled to the U.S. eighteen months ago without a hint of a problem.
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Pillar of the Community
United States
2408 Posts |
rodime, Interesting off-topic discussion... in my case that's exactly what I had to do. I felt like I had to "prove" my case. Fortunately, it was only a few hundred dollars and I was well known at the branch. But it still took several months before I got my money back. So far, I've had 3 unauthorized transactions on my credit card and in all cases the money was charged back within 3 days.
Been there. I will never use a debit card again.
My credit card purchase protection plan does not cover damaged or stolen coins but I do get the best currency exchange rates when buying coins in Canada.
PS> sel, generally you get a hint when you notice that your money is gone. Not a good feeling at all I can tell you.
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Valued Member
United States
66 Posts |
don't be silly big brother is watching us all,bet on it
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Valued Member
Canada
183 Posts |
Inflation is paper money worst enemy.
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Valued Member
Canada
276 Posts |
lol yeah, your life is so interesting that you're being monitored right now for illegal activity. right. That's the heights of narcissism.
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Replies: 23 / Views: 3,214 |
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First Page
Posted 11/04/2010 4:09 pm
