Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest! Check out our Google+!
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Are we on the verge of a cashless society?  
 

Previous Page
 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic
Page: of 5
Pillar of the Community
United States
931 Posts
 Posted 07/05/2018  6:31 pm  Show Profile   Bookmark this reply Add lrbguy to your friends list Get a Link to this Reply
If society went completely cashless it sure would complicate blackmarket and other forms of illicit trade. Nothing preserves anonymity like cold hard cash.
Pillar of the Community
Sweden
941 Posts
 Posted 07/05/2018  7:01 pm  Show Profile   Bookmark this reply Add X2an to your friends list Get a Link to this Reply

Quote:
If society went completely cashless it sure would complicate blackmarket and other forms of illicit trade. Nothing preserves anonymity like cold hard cash.


Every heard of Bitcoin? This is what's used a lot on the black markets online. Another version of anonymity, just digital.


Quote:
*The trend is troubling in that the technology allows "big brother" to keep tabs on our spending (as so many have pointed out)- but its so darn convenient

It's the 'free' business idea - the service is free but your actions are recorded to collect data and discover patterns to sell to advertising companies. It's such a huge market these days. The demand for information is crazy these days.

My experience about a cashless society here is that you're treated as a second-class shopper. But if you stay away from smaller shops (which really goes against the 'small business is the foundation of the economy'-principle) and chains, you can survive quite well. As I much prefer cash over card most days, I still always have to have atleast a little bit of money on my account to cover smaller expenses when suddenly the shop does not accept cash. However, I still get by quite well. My bank is a supermarket chain that always handles cash so I can withdraw and deposit money easily. And in addition: you do notice that you're not alone paying cash and all, which is reassuring. As for the future of cash society, I do not see an end soon. I feel the massive decline in cash usage has already happened, and society is adapting to that reality.
"Always assume the lowest in value for best possibilities"
Valued Member
United States
309 Posts
 Posted 07/05/2018  11:31 pm  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list Get a Link to this Reply
No, but a lot of interests want you to go cashless and use their card or app so they can take a little fee off of you. Can't ding you for using cash. Cash is a much more private transaction form. Electronic forms are subject to identity theft too.
Valued Member
United States
205 Posts
 Posted 07/06/2018  12:04 am  Show Profile   Bookmark this reply Add ikeyPikey to your friends list Get a Link to this Reply
My guess is that most readers will run across a thought or story or two that are new to them in:

The End of Money: Counterfeiters, Preachers, Techies, Dreamers -- and the Coming Cashless Society, by David Wolman (2012)

Cheers,

/s/ ikeyPikey
Why collect coins? Memory is the second thing to go. The use of money is the last thing to go.
Bedrock of the Community
Australia
14413 Posts
 Posted 07/06/2018  04:28 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
This happened to me today:
Went to obtain a travel cash card loaded with Euros, for travel to Europe:

Intended to pay with a debit card, I needed $11,400
Money had to come from another bank. To transfer $14,000 to the target bank I had to pay a fee of $30, for EFT. I avoided the fee, by withdrawing the amount in cash, and paid this amount into my debit card account. (Different bank to those in the story, which follows)


Then went to the cash conversion company to obtain the Euros travel card, and load it. Their card reader would not read my debit card. Went to the bank that issued the debit card. The card read OK.
'Would the cash conversion company accept a bank cheque, drawn against mu debit card?'
'No'

Went to the bank that issued the debit card.
The auto teller has a cash limit of $2,000, so I went to the over the counter teller. They would only let me withdraw only $5,000 in cash, so I had to go to another branch of the same banking company, for another $5,000 in cash and to a third bank for the remaining $1,400.

I finally loaded my travel card with Euros, by paying for it all in cash, before the weekend, when the banks are all closed.

It took me nearly four hours to complete the transaction, which in my opinion, should have taken no more than 10 minutes.
That is how long it would have taken if I had $11,400 in cash to begin with. GRRRRRR !

Through all of this, I paid no fees at all for electronic funds transfers, simply because it was forcibly devolved into the basic requirement of having to pay in cash.


I need a cashless society like I need a hole in the head.


Edited by sel_69l
07/06/2018 07:34 am
Moderator
Learn More...
United States
57847 Posts
 Posted 07/06/2018  11:19 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
If society went completely cashless it sure would complicate blackmarket and other forms of illicit trade
I feel it is certainly a reason why governments might want to force a cashless society.
Pillar of the Community
United States
752 Posts
 Posted 07/06/2018  8:50 pm  Show Profile   Bookmark this reply Add Kurrency Ken to your friends list Get a Link to this Reply
During the depression scrip was issued to substitute for the lack of circulating money. Also now there appears to be a proliferation of "local" currencies to try to keep the wealth and economic energy in the local community.

KK
Valued Member
United States
205 Posts
 Posted 07/07/2018  12:31 am  Show Profile   Bookmark this reply Add ikeyPikey to your friends list Get a Link to this Reply
An odd angle to the large-bills-for-money-laundering issue:

In Geneva, ‘Dirty Money’ of Another Kind — Flushed Down the Toilet

https://www.nytimes.com/2017/09/19/...toilets.html

Cheers,

/s/ ikeyPikey
Why collect coins? Memory is the second thing to go. The use of money is the last thing to go.
Page: of 5 Previous Topic Topic Next Topic  
 
To participate in the forum you must log in or register.

Coin Community Member eBay Sales

Ending Soon   Newly Listed   Lowest Price   Highest Price   Certified Coins   Certified VAMs   Certified Errors  




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2018 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2018 Coin Community Forums
It took 0.52 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05