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Things To Come...........

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Pillar of the Community
nod2003's Avatar
United States
3294 Posts
 Posted 09/02/2010  4:46 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
So what did you do with the ice cream cone?
Valued Member
slash112's Avatar
United States
368 Posts
 Posted 09/02/2010  4:52 pm  Show Profile   Bookmark this reply Add slash112 to your friends list Get a Link to this Reply
put it back in the freezer
what would you have done hahahha
New Member
vgasca's Avatar
Switzerland
46 Posts
 Posted 09/02/2010  4:58 pm  Show Profile   Bookmark this reply Add vgasca to your friends list Get a Link to this Reply
I think we will eventually be paying with cards, credit loaded in our cellphones or some type of chip that allows us to load credit.
Pillar of the Community
mycrob's Avatar
United States
2602 Posts
 Posted 09/02/2010  5:00 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
I was in Atlanta in July and saw the parking meters were gone and instead they have one box at the end of the block in which you pay for parking with credit card.
Pillar of the Community
Billie's Avatar
United States
592 Posts
 Posted 09/05/2010  09:28 am  Show Profile   Bookmark this reply Add Billie to your friends list Get a Link to this Reply
Pillar of the Community
razorear's Avatar
United States
613 Posts
 Posted 09/05/2010  10:02 am  Show Profile   Bookmark this reply Add razorear to your friends list Get a Link to this Reply
I can't see a cashless society coming any time soon. Even if a major disaster takes place and power is out for a week, how many generators is it going to take to keep the basic things that we're used to going. It might sound like a great idea to some, but all it would take is a flick of a switch to shut an entire business down. God bless the mom&pop stores with there antique cash registers.
Bedrock of the Community
United States
20753 Posts
 Posted 09/05/2010  11:02 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
The newspaper ran a story a few months ago saying credit card minimums in stores was illegal. WRONG we still have one. Right to refuse service can be done by anyone.


Many times I wish that was the law. Not sure how many times I've been held up in a store where some lady pulled out a credit card or check book for items totalling a dollar or less. Once for a pack of gum. Worse than a card is that check with nothing filled out untill they get to the cashier. And then start asking questions like how to spell Walmart.
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DNA's Avatar
United States
2734 Posts
 Posted 09/05/2010  1:07 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
I pay cash for everything.

I was at the DMV getting my license tags, and I noticed signs stating
that they charge a 2.7% "portal fee" for debit/credit cards.

You could get around that by paying with a check (until the DMV stops
taking checks, that is!), but a lot of people don't carry around
paper checks anymore. I don't even have any paper checks...

Paying cash saved me $6.83 in "portal fees" (for two cars).

This habit people get into of using debit cards for minor purchases
led to the infamous $40 cup of coffee.

Of course, without the overdrafts, the card declines when they least
expect it, and Starbucks is left holding their latte. (which I might
subsequently buy at half price with my real live money, ha ha!)

Let me repeat: Cash always works.

Denver's new 'card-reader' parking meters still take coins, thank God!
When I put my Dollar coin in there (yes, they all take 26.5mm Dollars),
I know that I'm paying One Dollar,
not "one Dollar plus transaction and card fees."

People paying $3-5 for $1 worth of parking in the name of "cashless
convenience", and risk having a card decline just when you get the
prime parking space ( so I can pull in afterward and pay with my $1 coin! ).
It makes me want to buy one of these.




Valued Member
Waredu's Avatar
United States
397 Posts
 Posted 09/14/2010  4:17 pm  Show Profile   Bookmark this reply Add Waredu to your friends list Get a Link to this Reply
Did you all see the article about Sweden going cashless in the next few years? http://www.numismaster.com/ta/numis...icleId=13953
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jbuck's Avatar
United States
189340 Posts
 Posted 09/14/2010  4:51 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
No, but I did now. Thanks for sharing the link.

It is inevitable.

Many things that I do now have become purely electronic my lifetime. E-mail correspondence has replaced letters. Digital downloads have replaced cassettes, LPs, and CDs. My bills are sent to me in e-mail and paid online. Online conferences have replaced site visits.

I am not saying whether it is right or wrong, but cash will go away eventually.

The only question is how long it will take.
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DNA's Avatar
United States
2734 Posts
 Posted 09/14/2010  11:24 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
The latest "cash replacement":

Paying with your SmartPhone.


On top of all the possible risks (namely, losing your phone!), you're 'broke' when your battery dies!

I'll keep my "stupid" phone and my real (non-electrically-dependent) money...

Edited by DNA
09/14/2010 11:30 pm
Valued Member
John R's Avatar
United States
66 Posts
 Posted 09/15/2010  12:00 am  Show Profile   Bookmark this reply Add John R to your friends list Get a Link to this Reply
oh, you are making me feel old. I told my group of nephews (about 18 years ago) how sometime in the future we would be using nothing but credit cards... we are certainly closer to that, but I bet the lack of progress over the next 18 years is just as remarkable.. :)
Valued Member
United States
320 Posts
 Posted 09/15/2010  01:39 am  Show Profile   Bookmark this reply Add Secret Argent Man to your friends list Get a Link to this Reply


I was watching a special on Bernie Madoff this evening on (I think) MSNBC... and one thing that struck me is that the move away from cash is "supposed" to help with theft, is "supposed" to be more convenient for the consumer and is "supposed" to be easier to track, with the statements and whatnot... whereas here is one of the biggest thefts in history, and it all was stolen and disappeared invisibly and seamlessly into the ether.

If he stole 65 billion in "real" or more accurately "physical" dollars, he certainly wouldn't keep it under his mattress!

I know that the whole Madoff thing is not necessarily analogous to your debit/credit card, but it makes a person think. E-money is the ultimate in portability-more portable than cash, gold, even diamonds. Just by knowing an account # or having a chip implanted in my tuckus, I could theoretically have a billion dollars on my person and move it to another country more anonymously and invisibly than cash. Gee, wonder what type of person or line of "business" would most benefit from that sort of portability? Fight the black market by making a black-hole market.
Edited by Secret Argent Man
09/15/2010 01:40 am
Pillar of the Community
redlock's Avatar
Germany
992 Posts
 Posted 09/15/2010  07:05 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply

Quote:
Did you all see the article about Sweden going cashless in the next few years? http://www.numismaster.com/ta/numis...icleId=13953


This "news" has been making the rounds for weeks in European coin forums/communities. It's not taken too seriously. Frankly, the BBC has overblown it.
Europe is way behind in credit/debit/charge use compared to North America and the privacy issues are much more important to Europeans than Americans, although Sweden is on the top of giving away privacy (just read a crime novel by Liza Marklund and shudder what even a journalist, normal citizen resp., can find out about someone living in Sweden -- and those parts of her books are not fiction).

On top of that, Sweden cannot go cashless if the rest of the Union does not follow, and that just will not happen within the next 20 to 30 years.
Bedrock of the Community
United States
20753 Posts
 Posted 09/15/2010  11:20 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
I am not saying whether it is right or wrong, but cash will go away eventually.

The only question is how long it will take.

Actually the answer to this is really simple. As soon as our and other governments realize that if everything is done with credit or debit cards, they can keep track of all spending.
This means ALL types of taxes can more easily be impossed.
ALL sales taxes will be mandatory.
All amounts of expenditures can be compared with income tax reports.
ALL incomes can be exactly documented.
ALL Tarif types of taxes can be properly monitored.
JUST ALL taxes can and will be paid or else.
These taxes will be needed to pay for all the Mint workers now being layed off due to no work.
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