Cashless society

denislawsbackheel said:
You don’t even understand the term.
Legal tender is that which is accepted to settle a debt, not pay for goods.
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"Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not." But who actually gives a fuck? I don't.
 
Johnny Mars Bar said:
At the old “legal tender” buzzword that nobody understands but likes to throw around.

You are Jeremy Corbyn’s crazy brother trying to pay for his strawberries and I claim my £5 (digital payment only please).
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"Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not."
 
stonerblue said:
They can accept whatever form of payment they want.
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I know they can. That's the problem. Cash should be allowed as a form of payment.
Even if only up to a certain level - say £50.00.
A "cashless society" is a potential dystopian nightmare. It can, and probably will lead to
a 'social credit system' run by the government to 'incentivise' or reward people. IMHO,
for what it's worth, the dangers far outweigh any benefits. But, hey, each to their own.
 
PPT said:
I know they can. That's the problem. Cash should be allowed as a form of payment.
Even if only up to a certain level - say £50.00.
A "cashless society" is a potential dystopian nightmare. It can, and probably will lead to
a 'social credit system' run by the government to 'incentivise' or reward people. IMHO,
for what it's worth, the dangers far outweigh any benefits. But, hey, each to their own.
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Hmmmm......
 
If the government decides on a cashless society there is nothing anyone can do about it.

The government effectively owns the currency. The £ is only worth money because the government says it is. So if they want to go cashless all they need to say is (e.g.)

1. Cash will no longer be valid for purchases after 31.12.2023

2. Cash may be paid into banks until 01.04.2024. After which time it will have no value.

It amazes me that people think governments have all sorts of devious plans but will draw back from doing obvious stuff to implement them.

What will happen in reality is that cash will die and slow and lingering death. It will no more be 'abolished' than quill pens have been abolished - but when did anyone last use a quill pen in normal life?

You cannot halt progress and if the government wants to introduce social credit programmes they will anyway. A good start would be 10% on the state pension for anyone who has reached retirement age without a conviction and has thus saved the state thousands in police time, court time and prison.
 
BrianW said:
If the government decides on a cashless society there is nothing anyone can do about it.

The government effectively owns the currency. The £ is only worth money because the government says it is. So if they want to go cashless all they need to say is (e.g.)

1. Cash will no longer be valid for purchases after 31.12.2023

2. Cash may be paid into banks until 01.04.2024. After which time it will have no value.

It amazes me that people think governments have all sorts of devious plans but will draw back from doing obvious stuff to implement them.

What will happen in reality is that cash will die and slow and lingering death. It will no more be 'abolished' than quill pens have been abolished - but when did anyone last use a quill pen in normal life?

You cannot halt progress and if the government wants to introduce social credit programmes they will anyway. A good start would be 10% on the state pension for anyone who has reached retirement age without a conviction and has thus saved the state thousands in police time, court time and prison.
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Currency isn't going anywhere mate, and people will coin their own currency they have done it before.
 
The problem with 'coining your own currency' is that people have to have confidence in it. If you lived somewhere like Aberllefenni and persuaded your fellow villagers to accept a local currency for local transactions, that might just work for that. But an Aberllefenni groat would be worthless anywhere else. You certainly couldn't use it to pay for a train ticket to Manchester or a ticket to watch MCFC. How would the Aberllefenni garage owner procure his petrol? Or the food shop his supplies?

We don't live our entire lives in remote, closed communities anymore.

People vote with their feet, and what individuals want is ultimately irrelevant. I want a pub on my street corner but I haven't got one. Because there isn't a demand for it. Cash will not go tomorrow or next week, but its days are numbered.
 
Sweden was doing it for donkeys even before a Chinese scientist decided to fuck about with science, then leak it from his lab and create a 'demic.

I see no harm in it really, a lot more convenient than taking piles of cash around.

Someone I used to work with in 2002, got assaulted by a bunch of yobs because they knew he used to carry loads of cash with him. They robbed him of his money and not long after that died of an epileptic fit, possibly caused by the beating.

If we lived in a cashless society back then, I doubt he would have even had that much money on him to be targeted, so would have still been alive today or lived longer.
 
BrianW said:
The problem with 'coining your own currency' is that people have to have confidence in it. If you lived somewhere like Aberllefenni and persuaded your fellow villagers to accept a local currency for local transactions, that might just work for that. But an Aberllefenni groat would be worthless anywhere else. You certainly couldn't use it to pay for a train ticket to Manchester or a ticket to watch MCFC. How would the Aberllefenni garage owner procure his petrol? Or the food shop his supplies?

We don't live our entire lives in remote, closed communities anymore.

People vote with their feet, and what individuals want is ultimately irrelevant. I want a pub on my street corner but I haven't got one. Because there isn't a demand for it. Cash will not go tomorrow or next week, but its days are numbered.
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Only some people on this thread want a cashless society, cash withdrawals are up and the use of cash is up. A system that has worked for millennia isn't going to leave us because someone wants to stab a machine with a bit of plastic.

There are many dangers in a cashless society and those dangers are mainly shouldered by the financially weak, you'd think some people on here wouldn't rest until they saw people living under bridges ;)
 
What I am saying is that in the scheme of things what I want or don't want is irrelevant.

It will happen anyway. When I was a kid everything was in cash. You hardly saw a cheque unless you were rich. Occasionally, Auntie Flossie might send you a postal order.

That world has gone. There are pubs in town that will only take cards. Pubs! It says it all. I have had £20 sitting in my wallet for about 6 weeks now because I never need it.
 
I’m 43 and everything goes on my card save at businesses, rightly or wrongly, that are cash only.

Two hovel pubs are but I think I can guess why.
 
BrianW said:
What I am saying is that in the scheme of things what I want or don't want is irrelevant.

It will happen anyway. When I was a kid everything was in cash. You hardly saw a cheque unless you were rich. Occasionally, Auntie Flossie might send you a postal order.

That world has gone. There are pubs in town that will only take cards. Pubs! It says it all. I have had £20 sitting in my wallet for about 6 weeks now because I never need it.
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We'll be cashless within 20 years I reckon.
 
ShorehamCitizen said:
Sweden was doing it for donkeys even before a Chinese scientist decided to fuck about with science, then leak it from his lab and create a 'demic.

I see no harm in it really, a lot more convenient than taking piles of cash around.

Someone I used to work with in 2002, got assaulted by a bunch of yobs because they knew he used to carry loads of cash with him. They robbed him of his money and not long after that died of an epileptic fit, possibly caused by the beating.

If we lived in a cashless society back then, I doubt he would have even had that much money on him to be targeted, so would have still been alive today or lived longer.
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Kin ell....
 
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