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View Poll Results: Are you for or against cashless society without banknotes?
Against cashless society 142 79.33%
Undecided 9 5.03%
For cashless society 28 15.64%
Voters: 179. You may not vote on this poll

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Old 11-16-2017, 01:32 PM
 
Location: Sierra Nevada Land, CA
7,912 posts, read 8,485,373 times
Reputation: 11606

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Quote:
Originally Posted by phlinak View Post
What is the paranoia some of you have about the government or banks knowing what you buy?

Unless you're engaged in criminal activity, why do you think either one even cares?
There are perfectly legal tranactions that are very personal in nature.

If I went to a casino or a bar, I wouldn’t want to use a credit or debit card
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Old 11-16-2017, 02:09 PM
 
1,071 posts, read 603,167 times
Reputation: 1474
Banks can't bail-in currency in hand.
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Old 11-16-2017, 04:53 PM
 
326 posts, read 192,690 times
Reputation: 190
I never used my Visa debit card in stores, bars, restaurants etc. Only used Visa online and for large purchases in thousands of currency units, but one day I was in a bar in Columbia, SC and the girl I was with asked me if I would buy cocktails in this particular bar, so I did and she told me I could pay with a Visa, so I did and the next day there was an extra unauthorized charge on my Visa. In another case I slept over at a woman's place and after a week I got $2000 charged to my Visa, I immediately knew it was her. Yet she also stole $50 cash from my wallet. Cash is gone while I was able to reverse the large charge on my card. It is controversial, sometimes cash is better, sometimes card is safer, but I will fight hard to use cash everywhere and forever and never use a card except on rare occasions. I think a good mix of both is best choice. Oh, and how would drug dealers sell drugs and prostitutes would charge a credit card and risk a chargeback?
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Old 11-16-2017, 10:36 PM
 
Location: Sierra Nevada Land, CA
7,912 posts, read 8,485,373 times
Reputation: 11606
Quote:
Originally Posted by newtocolumbia View Post
I never used my Visa debit card in stores, bars, restaurants etc. Only used Visa online and for large purchases in thousands of currency units, but one day I was in a bar in Columbia, SC and the girl I was with asked me if I would buy cocktails in this particular bar, so I did and she told me I could pay with a Visa, so I did and the next day there was an extra unauthorized charge on my Visa. In another case I slept over at a woman's place and after a week I got $2000 charged to my Visa, I immediately knew it was her. Yet she also stole $50 cash from my wallet. Cash is gone while I was able to reverse the large charge on my card. It is controversial, sometimes cash is better, sometimes card is safer, but I will fight hard to use cash everywhere and forever and never use a card except on rare occasions. I think a good mix of both is best choice. Oh, and how would drug dealers sell drugs and prostitutes would charge a credit card and risk a chargeback?
If you know what I mean.
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Old 11-17-2017, 01:33 PM
 
Location: Earth
17,449 posts, read 22,970,647 times
Reputation: 7246
Shouldn't this be in the Economics or Politics And Other Controversies forum rather than the CA forum? Last I heard CA doesn't issue its own money, although it coudn't do any worse of a job than the Fed...
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Old 11-17-2017, 10:46 PM
 
Location: Future Expat of California
588 posts, read 261,003 times
Reputation: 515
Cash on cash
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Old 11-18-2017, 05:37 PM
 
Location: Florida
4,391 posts, read 2,433,347 times
Reputation: 7770
Quote:
Originally Posted by slackercruster View Post
How will the homeless panhandle?
Panhandlers will have to get phones from the government (free) and plug in a card reader.
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Old 11-19-2017, 11:34 AM
 
9,076 posts, read 9,234,568 times
Reputation: 4665
Quote:
Originally Posted by Ruth4Truth View Post
Credit card and identity theft soared after Sweden went cashless.
Sweden is not cashless, they just don't have very much cash.

The FED is circulating about $545 in $20 banknotes per capita in the USA, and around $4500 in all denominations of banknotes.

Sweden's central bank is circulating roughly $535 in all denominations of banknotes per capita in Sweden (valid banknotes only). The most popular denomination is the 500SEK banknote worth about $60 apiece which is circulating at roughly 6 notes per capita.

The United Kingdom is contemplating trying to go somewhere near Sweden by eliminating the £50 banknote, so the largest banknote would be £20~$26.40 .
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Old 12-20-2017, 12:26 AM
 
Location: Cebu, Philippines
2,192 posts, read 806,780 times
Reputation: 4383
There will never be a cashless society. If the public wants cash, they will create it. Picture this:

The bus company sells fare tokens, which I can buy with a credit card. A snack shop near a bus stop gets an idea -- they accept bus tokens for small purchases, and on request give tokens as change. Are those tokens "cash"? Then, it is not a cashless economy any more.

If the government abolished portable physical currency, eventually somebody (bus company, bank, whatever) would issue "currency" that would be accepted for transactions when seller and buyer agree to their value and are willing to accept them.

How can a government edict prevent that from happening? There was a case a few years ago when a small uproar arose because a pizza shop in El Paso was accepting Mexican pesos. (Nobody makes a stink when Mexican border shops accept dollars.) If the US tried to go cashless, and cashless turned out in some cases to be inconvenient, Mexican Pesos wold just remain on this side of the border and become the local currency.

There are already a half a dozen countries in the world that have no effective national currency, and all prices and transactions are in US dollars. They are cashless nations, but there is still an agreed-upon cash, which vendors and consumers are eager and willing to accept.
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Old 12-20-2017, 12:40 PM
 
24,738 posts, read 26,810,935 times
Reputation: 22732
Quote:
Originally Posted by newtocolumbia View Post
Are you for or against cashless society without banknotes?
More than 20 years ago David Icke talked about the agenda with the cashless society and puts it in a larger context.


https://www.youtube.com/watch?v=JkElM5YJivc&t=5s
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