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derby378

(30,262 posts)

89. No way - cash is king

Reply to dixiegrrrrl (Original post)

Fri Oct 17, 2014, 01:53 PM

Oct 2014

When the entire nation experiences a power blackout, your digibucks will be worthless. Say hello to the gold standard.

Click here to purchase valentine hearts!

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Cashless society...yes or no? Pros or cons? [View all] dixiegrrrrl Oct 2014 OP

If you want every single thing you ever purchase on a database then go cashless Fumesucker Oct 2014 #1

I would imagine it will depend on the age of a person yeoman6987 Oct 2014 #41

I'm pretty old and use a debit a lot Fumesucker Oct 2014 #78

Me too. I rarely take cash out of the bank, but when I do it's to buy things like my sofa. moriah Oct 2014 #83

I beg to differ; I think it has to do with the wealth/poverty level of a person. WinkyDink Oct 2014 #93

I still try to use cash for Jenoch Oct 2014 #2

I always try to leave tips and gratuities in cash, to increase the chances that it KingCharlemagne Oct 2014 #6

Me too. I find it easier to manage frivolous spending if I have to pay cash. Gormy Cuss Oct 2014 #12

We have a few of those Jenoch Oct 2014 #15

he heh heh dixiegrrrrl Oct 2014 #19

867-5309 Travis_0004 Oct 2014 #49

I don't know how this sort of thing works in Sweden, but here in the US, djean111 Oct 2014 #3

No thanks.. If I want to buy a snickers candy bar Peacetrain Oct 2014 #4

Do you get a receipt for that candy bar? Then it's recorded somewhere. randome Oct 2014 #14

But the purchaser is not recorded. Luminous Animal Oct 2014 #28

EXACTLY. The STORE'S SALES are recorded, not the purchases of the customer, not in every store. WinkyDink Oct 2014 #94

Do Not Like It, Ma'am The Magistrate Oct 2014 #5

Now, there's a different type of "coin". VScott Oct 2014 #52

Definitely not until payment systems are significantly more secure. WillowTree Oct 2014 #7

Given the number of security breaches with respect to electronic transactions in the US, I vote no. Jim__ Oct 2014 #8

Funny thing....Intel is all over the headlines for its new secure plan. dixiegrrrrl Oct 2014 #22

NO. AND ... GeorgeGist Oct 2014 #9

As you type on your IPhone yeoman6987 Oct 2014 #43

???? That view is very myopic! WinkyDink Oct 2014 #95

I don't have an IPhone, or any other type of smart phone. ZombieHorde Oct 2014 #102

due to the low confidence in the authorities and the banking system<- seems to be the sticking point Johonny Oct 2014 #10

Gov is pushing cash free. dixiegrrrrl Oct 2014 #63

Every area of the economy is pushing cash free Johonny Oct 2014 #84

There is an underlying concern about cashless dixiegrrrrl Oct 2014 #100

I think the real concern is different than your concern Johonny Oct 2014 #106

China just became the world's largest economy. dixiegrrrrl Oct 2014 #112

I stopped carrying any cash on me about 6 months ago. former9thward Oct 2014 #11

At least a couple of years for me. I keep $10 on me but rarely need it. randome Oct 2014 #16

I frequently get no receipt, and often it doesn't even get rung up at all. closeupready Oct 2014 #21

But the transaction is not tied to you. It was cash. ret5hd Oct 2014 #29

True. I've been cashless for so long, I hardly recall what it's like to use paper and metal money. randome Oct 2014 #30

I do carry some cash if I travel out of town. former9thward Oct 2014 #42

NO !!!!!!!!!!!!!!!!!!!!!!! SamKnause Oct 2014 #13

Agreed for same reasons. dixiegrrrrl Oct 2014 #23

Very good points n/t underpants Oct 2014 #38

NO, absolutely not. Others here have covered my objections well. closeupready Oct 2014 #17

I hate carrying cash and coins PasadenaTrudy Oct 2014 #18

How will the politicians ever hide their bribes? hobbit709 Oct 2014 #20

I bet the best n' brightest LiberalElite Oct 2014 #34

I'm holding out for a society that has abandoned money entirely. hunter Oct 2014 #24

We have had that power for thousands of years and still here we are. randome Oct 2014 #25

I missed out on that "hard wiring." hunter Oct 2014 #59

Ah, you're one of the exceptions, then. So are your parents. I salute you. randome Oct 2014 #64

We need less of "them" and more of you, Hunter. dixiegrrrrl Oct 2014 #73

^^^^ I heart this post. ^^^^ woo me with science Oct 2014 #88

We saved up for retirement by paying cash for most things. Tierra_y_Libertad Oct 2014 #26

Yeah but some of us don't have six figure salaries yeoman6987 Oct 2014 #46

Hardly 6 figures. Tierra_y_Libertad Oct 2014 #50

I was just kidding! I am seriously happy you yeoman6987 Oct 2014 #53

We brought our credit cards to the Emergency Room. hunter Oct 2014 #91

There's something delicious about being able to purchase something which valerief Oct 2014 #27

There is a strong underground economy in our area dixiegrrrrl Oct 2014 #45

Because we have but a meager safety net how would panhandlers survive? Luminous Animal Oct 2014 #31

Easy for garage sales and other typical cash places yeoman6987 Oct 2014 #47

Really. I don't have a smart phone and I hold a garage sale about twice a year. Luminous Animal Oct 2014 #51

I am just giving possibilities yeoman6987 Oct 2014 #54

Imagine standing in line at the pharmacy, waiting for heart medication when the power goes out. cherokeeprogressive Oct 2014 #32

I bet the IRS would love this. n/t hughee99 Oct 2014 #33

Of course, it makes every transaction auditable. roamer65 Oct 2014 #110

No. Iggo Oct 2014 #35

No, no and no Carolina Oct 2014 #36

Same here. Exactly the same. tosh Oct 2014 #66

No. There are certain transactions I would rather have go unrecorded. Throd Oct 2014 #37

What would happen to those who engage in drug dealing or prostitution? raccoon Oct 2014 #39

Write a check? Travis_0004 Oct 2014 #56

Guess what? Researchers create RFID-enabled paper, bringing us ever closer to traceable cash dixiegrrrrl Oct 2014 #76

Switch to foreign currency? Gidney N Cloyd Oct 2014 #90

We used foreign currencies heavily up until 1857. roamer65 Oct 2014 #111

No problem. It's billed to some money laundering establishment. hunter Oct 2014 #97

What about Panhandlers? seveneyes Oct 2014 #40

Not very likely - 15-20% of American adults have never had any bank account underpants Oct 2014 #44

Are you sure on that figure? yeoman6987 Oct 2014 #48

According to research from the FDIC, 10 million U.S. households do not have a bank account, dixiegrrrrl Oct 2014 #60

That is just stunning! I am speechless! yeoman6987 Oct 2014 #61

Gas station where my brother lives underpants Oct 2014 #87

Thanks dixiegrrrl. I calculate about 7.2% underpants Oct 2014 #85

5% back on gas, 5% back on restaurants, 3% back on supermarkets HERVEPA Oct 2014 #55

Because my weed guy doesn't take Amex. name not needed Oct 2014 #62

nope DustyJoe Oct 2014 #57

You'll have to blow someone for a bag of pot FiveGoodMen Oct 2014 #58

Fundies won't buy it, it won't happen here. Too afraid of the "mark of the beast"..... moriah Oct 2014 #65

Neither garage sales nor bartering would need to go away. randome Oct 2014 #67

With outrageous processing fees, at least for garage sales. n/t moriah Oct 2014 #68

Most debit cards don't have processing fees so I would bet it wouldn't fly. randome Oct 2014 #70

To accept credit/debit card payments, most processors charge significant fees. moriah Oct 2014 #72

When you say 'processor', do you mean the bank? randome Oct 2014 #74

Here's one that "only" charges a fee of 2.75% of every payment accepted. moriah Oct 2014 #75

Well, they're selling to businesses but that's still fucked up. randome Oct 2014 #79

Yet it's reallly the only way a person could accept a credit or debit card at a garage sale. moriah Oct 2014 #81

No, the technology now allows for phone-to-phone transfers without the hardware. randome Oct 2014 #101

I still use only cash for several things. logosoco Oct 2014 #69

It would be a tax on the poorest people. cheyanne Oct 2014 #71

Please! whatthehey Oct 2014 #77

I am already essentially cashless, I keep a few dollars in my wallet tritsofme Oct 2014 #80

And for the society at large? WinkyDink Oct 2014 #96

This would suck, creates a complete inability to give people money. dilby Oct 2014 #82

No ProfessorGAC Oct 2014 #86

No way - cash is king derby378 Oct 2014 #89

OBVIOUSLY, this would hurt the poor, working or otherwise. Not everyone can have a bank account. WinkyDink Oct 2014 #92

Legalize drugs first Recursion Oct 2014 #98

I only have $5 cash in my wallet. RebelOne Oct 2014 #99

Cashless systems would be bad for the black market. ZombieHorde Oct 2014 #103

No tabbycat31 Oct 2014 #104

Not as long as companies have minimum purchase prices for debit card use arcane1 Oct 2014 #105

I vote no for a cashless society. Paper Roses Oct 2014 #107

If it is all electronic could it be easier to have it taken from you? JonLP24 Oct 2014 #108

Nope, not for me. MerryBlooms Oct 2014 #109

just an FYI to everyone Mosby Oct 2014 #113

My roofer told me almost everyone he works for hands him cash. dixiegrrrrl Oct 2014 #116

I hope I'm dead before this happens... First Speaker Oct 2014 #114

That's one of the reasons crypto currencies are becoming popular dixiegrrrrl Oct 2014 #115