Crypto solves all these issues. Can't wait for cash to finally die for good.
this post was submitted on 06 Jun 2024
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I think we need to ban cash
Spot on. The wild part is that people will still justify it and even hope for it. The replies here are evidence of that. You can't fix stupid, sadly.
False dichotomy. Many, even most, of the examples given here could be accomplished in a cashless society (not that I'm actually advocating for one, but this is just factually incorrect).
Grandma slipped me a secret credit chip connected to an illegal bank account in Panama, with $5 in it. You want a soda or something?
How would you accomplish these things without cash?
I'm not sure how you would accomplish a secret credit chip, with or without cash, sorry.
Assuming we're talking about granny slipping her grandchild a few bucks though, what's stopping her? Nobody's proposing a system where under 18s are cut out of the economy. Everybody gets a bank account the moment they learn to crawl. Granny just sends the money to her favourite grandkid of the month.
None of this is hypothetical BTW, before you start trying to come up with scenarios why this doesn't work. This is literally the system in Norway.
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Not that I think society should be cashless but why couldn't you donate to homeless people and do garage sales in a cashless society?
Pretty much everyone has a phone here, including beggars and homeless people. It's a necessity these days.
My country is basically cashless (as in almost no one uses cash and quite a few stores don't accept it at all) and we just send money with an app that almost everyone uses. It's easier than cash, bank transfers, and cards. It's also instant.
Hell, I have even gotten some money from my grandparents that way a few years ago.
It might be theoretically possible where there is cell service, but keep in mind that a lot of homeless people do not have and are unable to get bank accounts. De-banking can be and is used as a tool to control people generally. Being cashless might be benign if you are in a situation where the banks, financial apps, and governments can be trusted not to weaponize their absolute control over everyone's money, but in many places they cannot.
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All a cashless society means to me is a booming black market
Call it what it really is - a backdoor registry.
Guns, books, contraceptives... whatever an oppressive government may be interested in having a registry of, they have one by default once anonymous payments are destroyed.
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Marketplace is illegal now? Also, if everyone is cashless, don't you think garage sale people accept cashless?
Where does it say marketplace would be illegal? The bank fraud thing seems like a stretch but technically possible and that be the same risk at a garage sale.
To be fair, apart from the privacy aspects, they've chosen some of the worst arguments against a full cashless society. Seriously, piggy banks and birthday cards?
Normal life. As much as people want to deny it, it’s actually really important.
I think it's easier for us, as adults, to dismiss those things, but they bring kids joy and an opportunity to learn about the value of money and saving.
God how we would suffer without piggy banks or garage sales.
I though this whole post was sarcasm until I saw people's comments taking it seriously. Thanks for bringing sanity to this thread.
Also have any of you heard of instant transfers or crypto currency? So cringe.