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The Abolition Of Cash

FunkyTT said:
As someone who like a little bit of online roulette.... Wow.... I had not heard about this!! The MSM kept that quiet didn't they !!!.... Those big casino's probably didn't want it out there that they had been hacked and effectively payed a ransom ...

Mind you 30mil is not a lot for Vegas casinos.
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I would guess this is referring to ransomware. Even small towns, hospitals etc that have been hacked are reluctant to publicize it, many don't. And they do pay out the ransoms.

So it's believable that Vegas definitely would have kept it hush.
 
"Now our demonstration has proven our ability, what will cost you more? Paying us a 'patent fee' or us selling the method on the dark web?"
"You'd better invest the money you've just taken in a lot of security, boy, because like banks, the Mob has branches everywhere!"
 
With UK copper coinage having been effectively worthless for at least a decade. it would seem inevitable that pennies and tuppences will be discontinued before very long.
So, when the smallest denomination UK coin becomes the 5p (the erstwhile shilling) at a 20th of a pound, could it be argued that we no longer have a genuinely decimal currency?
 
blessmycottonsocks said:
With UK copper coinage having been effectively worthless for at least a decade. it would seem inevitable that pennies and tuppences will be discontinued before very long.
So, when the smallest denomination UK coin becomes the 5p (the erstwhile shilling) at a 20th of a pound, could it be argued that we no longer have a genuinely decimal currency?
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We haven't had a penny for a decade.
 
A family member frequently mentions being perfectly willing to donate to charitable causes but is continually frustrated when approaching their stands, the representative always says they’re only take email addresses and credit card donations, more often than not on a subscription basis. My advice to them on this is to go to a charity shop - say Air Ambulance (they do brilliant work) - get £50 worth of stuff, take it to the counter, pay the money and leave the goods there for them to put back and resell.
 
Analogue Boy said:
A family member frequently mentions being perfectly willing to donate to charitable causes but is continually frustrated when approaching their stands, the representative always says they’re only take email addresses and credit card donations, more often than not on a subscription basis. My advice to them on this is to go to a charity shop - say Air Ambulance (they do brilliant work) - get £50 worth of stuff, take it to the counter, pay the money and leave the goods there for them to put back and resell.
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I think it's time to carefully rationalise which charities we give to. An alarming number of them are job creation/money laundering schemes and the money doesn't find its way to the intended recipients.
Say no to subscriptions and direct debits!
 
Stormkhan said:
Especially considering that when you DD and/or subscribe, you get put on a suckers list and even the charity you sign up to will harass you to increase your donation.
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They've been doing that to my Mum recently. I told her to choose a handful and abandon all the others, because they're being pests.
 
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I don't think their is anything nefarious about the dwindling use of cash people just find it more convenient and safer to me it's just progress

However there are issues especially for stores that have decided to become cash free, it means they are reliant on technology, I don't know about other football clubs but Man City is totally cash free from the moment you enter the Etihad Campus area even my season ticket is electronic, every week there are a few people whose phones have died trying to get access
 
I can see, of course, the problems with being cashless but - as Robrent says - it's progress. For bad or good is debatable. What makes me shake my head are the 'hold outs' to shake their fists at the sky. Just by refusing to 'give in' isn't going to stop it happening.
I think it is a mistake to take one or t'other only. As I say - when you're in business, it's not a good idea to stop people giving you money. Not being reliant on tech is a good point too. Finally, you might get in the news and some extra support/customers but you're making trouble for yourselves.
'Round our way' all Chinese restaurants, one of two Indian restaurants, four out of five chip shops, and NONE of the three Italian restaurants take no card payments. The town, incidentally, has three ATMs, sometimes all being empty. So many visitors - and locals - shop at those who take card. Interesting to note, all eleven pubs take card and cash.
 
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Stormkhan said:
I can see, of course, the problems with being cashless but - as Robrent says - it's progress. For bad or good is debatable. What makes me shake my head are the 'hold outs' to shake their fists at the sky. Just by refusing to 'give in' isn't going to stop it happening.
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I love the idea that at some time in the future, there'll be an underground movement of rebels against the banks, keeping cash and cash-use 'alive'!
It'll be like a numismatists dream: "At last! You laughed at me when I paid a lot of money for a 1967 British shilling but now you are in my power! Mwahahahaha!"
 
‘It’s progress’ sounds fine until you realise this is banks we’re dealing with. At the moment I can buy something that costs £20 with £20 note. But how long will it be before banks decide to put a tiny little percentage transaction charge on every use and how long before we accept that goes up and up every year and that’s just normal? I mean, just look at how the supermarkets are trying to hoodwink customers with their artificial loyalty card ’savings’.

I doubt a cashless society will be designed to align with our best interests - even if the power stays on.
 
Run a business bank account and you get charged for deposits, withdrawals, ATM drawing, cheque deposits etc. So free personal banking has already had to be paid from elsewhere.
And again - it might not be desirable or normal - but how d'you think you're going to stop it? Sure, make a stand. But that can isolate you ... even if there are others making a stand with you.
In the modern world money is power. To my despair. But while you have to pay bills, buy food etc. ultimately money calls the shots.
 
As those charges increase, I reckon they’ll get passed on to the consumer to some degree. The are a few petitions to save cash out there promoting parliamentary debate.
 
Stormkhan said:
Run a business bank account and you get charged for deposits, withdrawals, ATM drawing, cheque deposits etc. So free personal banking has already had to be paid from elsewhere.
And again - it might not be desirable or normal - but how d'you think you're going to stop it? Sure, make a stand. But that can isolate you ... even if there are others making a stand with you.
In the modern world money is power. To my despair. But while you have to pay bills, buy food etc. ultimately money calls the shots.
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I always thought personal banking was paid for by the banks ability to lend out your deposited money at higher interest rates than you received (if in fact you received any).

Well, I don't know exactly how we stop it, but you could argue that about many revolts in history. The thing is to, as Dylan Thomas said,"
Do not go gentle into that good night.
Rage, rage against the dying of the light."

And Cochise's little contribution :
Not all progress is good
Not all change is for the better.
 
Cochise said:
I always thought personal banking was paid for by the banks ability to lend out your deposited money at higher interest rates than you received (if in fact you received any).

Well, I don't know exactly how we stop it, but you could argue that about many revolts in history. The thing is to, as Dylan Thomas said,"
Do not go gentle into that good night.
Rage, rage against the dying of the light."

And Cochise's little contribution :
Not all progress is good
Not all change is for the better.
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Weird you should mention Dylan Thomas. I've just been accepted for a creative writing course (about 20 minutes ago over the phone) and Dylan Thomas's Under Milkwood has always been an inspiration to me.
 
Cochise said:
And Cochise's little contribution :
Not all progress is good
Not all change is for the better.
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I'd never doubt your sincerity, nor your motives, but there's always the dissonance between theoretical and practical. I agree with what you say but if progress is bad, what d'you do? If you don't like change then how d'you stop it?
You decide* to 'metaphorically' to bang your head against the wall. Two outcomes - the wall is weak and you break it down before the second outcome which is you render yourself unconscious. You end up either defeated or the 'target' is defeated but what are you going to replace it with? You can't turn the clock back - we live in a changing world.
Declaring "We were better off then" means nothing since 'then' was a different world, with different social ideas, technology etc. Anyone who wants to take us into a past utopia must grasp that it has gone. We have to deal with the 'now'.
I'd rather embrace technology and fight/discuss the ramifications. Like AI - it's here. Find the flaws, find the solutions, but deal with the here and now rather than retreat and say "Grrrr! It was better in my day." That is surely the most proactive manner in changing the world we live in?

P.S. To me Dylan Thomas is overrated - bite me! Then again, I've realised that Waiting for Godot by Beckett is actually funny. It's my age - don't blame me.
* This is assuming that you are right and everybody else is wrong. A dangerous line?
 
Stormkhan said:
* This is assuming that you are right and everybody else is wrong. A dangerous line?
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But its not everyone else, is it? Or we'd have nothing to discuss. I think we are reaching a very dangerous time and my only consolation is at my age I'll probably be gone before it becomes too awful and I have no descendants to be caught up in it. Not that the latter was intended.
 
Cochise said:
But its not everyone else, is it? Or we'd have nothing to discuss. I think we are reaching a very dangerous time and my only consolation is at my age I'll probably be gone before it becomes too awful and I have no descendants to be caught up in it. Not that the latter was intended.
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There's been something Mum said that I've been meaning to tell you .. Dad ..
 
Stormkhan said:
I'd never doubt your sincerity, nor your motives, but there's always the dissonance between theoretical and practical. I agree with what you say but if progress is bad, what d'you do? If you don't like change then how d'you stop it?
You decide* to 'metaphorically' to bang your head against the wall. Two outcomes - the wall is weak and you break it down before the second outcome which is you render yourself unconscious. You end up either defeated or the 'target' is defeated but what are you going to replace it with? You can't turn the clock back - we live in a changing world.
Declaring "We were better off then" means nothing since 'then' was a different world, with different social ideas, technology etc. Anyone who wants to take us into a past utopia must grasp that it has gone. We have to deal with the 'now'.
I'd rather embrace technology and fight/discuss the ramifications. Like AI - it's here. Find the flaws, find the solutions, but deal with the here and now rather than retreat and say "Grrrr! It was better in my day." That is surely the most proactive manner in changing the world we live in?

P.S. To me Dylan Thomas is overrated - bite me! Then again, I've realised that Waiting for Godot by Beckett is actually funny. It's my age - don't blame me.
* This is assuming that you are right and everybody else is wrong. A dangerous line?
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No you can't turn the clock back nor do you have to fully embrace technology (you have to download this app etc etc) - I don't and am not isolated in any sense. Fortunately my sons have embraced all the tech and I'm glad they have but it's not all for me and I certainly don't feel the poorer for it.
 
PeteS said:
No you can't turn the clock back nor do you have to fully embrace technology (you have to download this app etc etc) - I don't and am not isolated in any sense. Fortunately my sons have embraced all the tech and I'm glad they have but it's not all for me and I certainly don't feel the poorer for it.
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I'm tempted to re identify as an app: What's that? .. you want to sell me something? .. you can get me @#Swiftyneverbeeneasier .. you've got 10% off me if you can catch me in the next 60 seconds. GO!
 
Like I have said I don't think cash will be abolished it will just fall into disuse especially as the generations move on mainly for convenience purposes

It's a bit like bank branches, as the generations are moving on they have closed more and more of them, I had to go to the main branch of my bank the other week to deposit some cash, to put it kindly it was like gods waiting room, from what I could see and hear all the things being done could have been done on line with a lot less fuss
 
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