For or against cashless society without banknotes? (conversion, real estate, costs)

[BBMW]

Yeah so illegal aliens can get paid in cash. So drug dealers can get paid. So the burglars can fence their goods for cash, etc. Yeah, cash is great

Originally Posted by TXstate0fmind

Isn't it nice to buy something without the government or the banks knowing? I sure think so. No cash = no privacy.

[BBMW]

This statement is idiotic in the context of this thread. The majority of business in this country, including retail is not cash based.

Originally Posted by bobsell

I'm against a cashless society because it will go hand in hand with a jobless society - people will be cashless because they have no money.

[luv4horses]

I certainly don't care if the government knows where my money goes. However, I love that statement above that you can't hack cash. I also like to pay cash for small jobs that people do for me like lawn mowing, painting, fixing a fence, since the worker gets immediate reward for their effort. They can take those few dollars and go buy lunch. And they will hopefully remember me and want to work for me again.

[newtocolumbia]

Originally Posted by BBMW

This statement is idiotic in the context of this thread. The majority of business in this country, including retail is not cash based.

In which country? I am sorry, this poll and thread is meant to be worldwide (international). By "banknotes" I meant paper bills and coins, paper money, metalic coins, although coins these days do not matter anymore. In some countries that would be polymer plastic notes, in some paper money as in cash dollars, yens, €uros, roubles, pesos, reals, pound sterling, francs, yuan, bahts, rupees, rupiah, ringgit, tugriks, rands, riyals, rials, dinars, liras, crowns, zloty, forints, shillings, dirhams, etc.

Some people actually collect coins and banknotes, put them in albums, proudly display to guests. Over time those collectibles appreciate in value. That's another reason for cash in the society. The worldwide dictatorship won't succeed for as long as cash circulates among people.

[newtocolumbia]

Starting from 2018 Bank of America (probably some other banks internationally as well) began including a SECOND, now mandatory, question: "What is this money for"? while sending a bank wire transfer. The first one (field) was voluntary. Now there are two! Do I mind telling "what is this money for"? Yes and no. Why would a bank want to know? Big Brother syndrome?

[newtocolumbia]

Starting with May 2018 one of the banks (perhaps all of them?) in Europe started charging equivalent of about $1.50 to withdraw money at the counter ("live") in addition to an equivalent of $6 monthly charge to keep your money in the bank (implemented about 3 years ago). That's why cash society will only strengthen!

[kitty61]

Cashless should be good for everyone. There are still folks who do not "bank online" or even use a cell or own a computer let alone afford WiFi. They still go to the bank and withdraw cash when they need it so I would not want to leave them out!

[newtocolumbia]

Originally Posted by kitty61

Cashless should be good for everyone. There are still folks who do not "bank online" or even use a cell or own a computer let alone afford WiFi. They still go to the bank and withdraw cash when they need it so I would not want to leave them out!

Yeah, and that's 80% of the population who prefer cash....

[Rocko20]

America is largely already "cashless" do to the use of credit and debit cards.

As we know, bitcoin is a disaster (sadly) so we have to stay away from such ideas for the foreseeable future.

[Returning2USA]

Originally Posted by newtocolumbia

Are you for or against cashless society without banknotes?

Chiming in late.

Against.

1. People spend more when cash-less. Even at McD's. Studies confirm this.

2. Big brother gets to track every single place you go or thing you buy, and do.