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 Replies: 23 / Views: 3,208 |
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Pillar of the Community
Canada
3692 Posts |
I found this on the Bank of Canada website. http://www.bankofcanada.ca/en/bankn...d/index.htmlBasically, they admit that paper money isn't even hygenic. I thought this was a rather strange admission. Apparently there's STILL money to be made with fiat currency. When will it end? They even have paid experts to examine whether or not your money is molding. Disgusting and yet how is this possible? |
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Pillar of the Community
United States
672 Posts |
I think it is just a case to migrate to polymer bills. Which I don't care for, they just dont feel right.
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Valued Member
India
265 Posts |
i think they should switch over to polymer notes.
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Pillar of the Community
Canada
1051 Posts |
"Paper is poverty, it is only the ghost of money, and not money itself."
-Thomas Jefferson
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Pillar of the Community
Canada
1581 Posts |
Yeah, nickel plated over copper plated over steel is REAL money. LOL
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Pillar of the Community
United States
2408 Posts |
I personally can't remember the last time I bought something with hard cash. I only carry a few dollars, just in case. I certainly never carry coins and if I ever get coins I toss'em in a jar when I get home. Maybe it's just me.
I think that ultimately, money (bills & coins) will be phased out.
Hard Cash Vs Electronic Cash ?
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Pillar of the Community
Canada
1051 Posts |
Be careful what you wish for, CC. Cash transactions provide anonymity that digital transactions won't. If you don't know the reasons why having physical cash is important, I promise you will someday.
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Valued Member
Canada
241 Posts |
totally agree with you 1cent!
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Pillar of the Community
 Canada
3692 Posts |
Also people always throw around their own invented percentages of $100 bills or $20s that have touched drugs and hookers. Oh, and blood. Just nasty.
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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
21786 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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Replies: 23 / Views: 3,208 |
Posted 11/03/2010 7:03 pm
