When we become the "cashless society"

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When we become the "cashless society"

Post by Die Judicii » 09 Oct 2022, 3:31 pm

Not so much "if", but simply a matter of "when" this all comes to pass,,,,,,,
I'm wondering if there is gonna be a clearing sale of Bank safes and vaults ? :unknown:

Could be an opportunity to get myself a new gun safe or two.

:lol: :D :thumbsup: :clap:
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Re: When we become the "cashless society"

Post by Fionn » 09 Oct 2022, 3:54 pm

Aren't we already? can't remember the last time I used cash to buy something.
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Re: When we become the "cashless society"

Post by northdude » 09 Oct 2022, 4:46 pm

still quite a few little cash economy's out there
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Re: When we become the "cashless society"

Post by Noisydad » 09 Oct 2022, 5:32 pm

I take cash for my forged iron ware at my market stall although card payments are account for a smidge more than 50% of my sales. I’d prefer cash but if it means getting the sale then I’ll happily accept card payments.
There's still a few of Wile. E Coyote's ideas that I haven't tried yet.
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Re: When we become the "cashless society"

Post by S O K A R » 12 Oct 2022, 5:24 am

I'd think we have 5-10 years left of cash at most, maybe by 2025-27 they'll start phasing it out & by 2030-2032 it won't be legal tender anymore.

Once this happens true decentralized cryptocurrency is the only thing that will save people, these cbdc are programmable so makes me worry for the future of gun ownership.
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Re: When we become the "cashless society"

Post by northdude » 12 Oct 2022, 10:27 am

Yep you will be controlled by someone else as far as what you can/ are allowed to buy goes. Sorry your card has declined
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Re: When we become the "cashless society"

Post by Lazarus » 12 Oct 2022, 10:33 am

northdude wrote:Yep you will be controlled by someone else as far as what you can/ are allowed to buy goes. Sorry your card has declined


Further to that:
"We need someone with your skills to work in another part of the country within two weeks, your card will stop working anywhere else at that time"

They can have my cash when they can pry it from my cold dead hand :D
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Re: When we become the "cashless society"

Post by on_one_wheel » 12 Oct 2022, 4:52 pm

I can't see it happening in my lifetime.

The technology is there but it isn't reliable enough to do away with cash, especially outside our cities, there needs to be a way to pay in the absence of connectivity.

It might work small countries the size of a postage stamp but not here in Australia.

Also, speak with anyone who's experienced a run on banks and ask them if they trust a digital only wealth storage after they've been turned away without their money.

Besides, where's the joy of sitting a bank card on the railway tracks? ... making wishes in the well or fountain ? How's the tooth fairy pay ? Tossing a coin or two to a busker, donation tins,
We need coins for that too.

It won't happen
Last edited by on_one_wheel on 12 Oct 2022, 4:57 pm, edited 2 times in total.
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Re: When we become the "cashless society"

Post by S O K A R » 12 Oct 2022, 4:55 pm

Lazarus wrote:They can have my cash when they can pry it from my cold dead hand :D

Whilst that might sound good, there will come a time when cash is no longer considered legal tender & any cash anyone has hidden will become useless

I don't know if it will ever come to pass, but something else they can do with cbdc is give it an expiry. So if you don't spend it by a certain date you lose it, I don't think that will happen but I wouldn't be surprised if it did....
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Re: When we become the "cashless society"

Post by Lazarus » 12 Oct 2022, 4:58 pm

on_one_wheel wrote:I can't see it happening in my lifetime.

The technology is there but it isn't reliable enough to do away with cash, especially outside our cities, there needs to be a way to pay in the absence of connectivity.

It might work small countries the size of a postage stamp but not here in Australia.

Also, speak with anyone who's experienced a run on banks and ask them if they trust a digital only wealth storage after they've been turned away without their money.

Besides, where's the joy of sitting a bank card on the railway tracks? ... making wishes in the well or fountain ? How's the tooth fairy pay ? Tossing a coin or two to a busker, donation tins,
We need coins for that too.

It won't happen


Also, how would our fearless leaders get their under the table kickbacks?
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Re: When we become the "cashless society"

Post by Lazarus » 12 Oct 2022, 4:59 pm

S O K A R wrote:
Lazarus wrote:They can have my cash when they can pry it from my cold dead hand :D

Whilst that might sound good, there will come a time when cash is no longer considered legal tender & any cash anyone has hidden will become useless

I don't know if it will ever come to pass, but something else they can do with cbdc is give it an expiry. So if you don't spend it by a certain date you lose it, I don't think that will happen but I wouldn't be surprised if it did....


Hopefully I'll be nothing but ash in an urn by then
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Re: When we become the "cashless society"

Post by on_one_wheel » 12 Oct 2022, 5:07 pm

Lazarus wrote:
on_one_wheel wrote:I can't see it happening in my lifetime.

The technology is there but it isn't reliable enough to do away with cash, especially outside our cities, there needs to be a way to pay in the absence of connectivity.

It might work small countries the size of a postage stamp but not here in Australia.

Also, speak with anyone who's experienced a run on banks and ask them if they trust a digital only wealth storage after they've been turned away without their money.

Besides, where's the joy of sitting a bank card on the railway tracks? ... making wishes in the well or fountain ? How's the tooth fairy pay ? Tossing a coin or two to a busker, donation tins,
We need coins for that too.

It won't happen


Also, how would our fearless leaders get their under the table kickbacks?


So true.
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Re: When we become the "cashless society"

Post by deye243 » 12 Oct 2022, 6:08 pm

Lazarus wrote:
on_one_wheel wrote:I can't see it happening in my lifetime.

The technology is there but it isn't reliable enough to do away with cash, especially outside our cities, there needs to be a way to pay in the absence of connectivity.

It might work small countries the size of a postage stamp but not here in Australia.

Also, speak with anyone who's experienced a run on banks and ask them if they trust a digital only wealth storage after they've been turned away without their money.

Besides, where's the joy of sitting a bank card on the railway tracks? ... making wishes in the well or fountain ? How's the tooth fairy pay ? Tossing a coin or two to a busker, donation tins,
We need coins for that too.

It won't happen


Also, how would our fearless leaders get their under the table kickbacks?

Simple the way they do now drugs diamonds gold properties you name it list is endless
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Re: When we become the "cashless society"

Post by bradley33 » 17 Oct 2022, 12:18 pm

its the age old dilemma with non valuable currency, a crazy king can devalue coins to the value of the tin or copper. With gold or silver in the coins, the King, his lunatic kid, or the conqueror can say whatever he wants but you still have some precious metal in your pocket.
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Re: When we become the "cashless society"

Post by Lazarus » 17 Oct 2022, 12:53 pm

The value of currency is only the trust we place in the system that issues it to accept its face value for an appropriate value in goods or services

In my admittedly jaundiced view, the push by governments towards the abolition of cash is all about tracking, monitoring and control.
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Re: When we become the "cashless society"

Post by bradley33 » 17 Oct 2022, 1:23 pm

wonder how the drug trade will work with digital currency. All those kids popping pills and smoking weed, pretty big numbers. I dont think bartering garden vegetables for a bag of pills is going to work .And the guys up the chain can only use so many stolen TV's and bikes. :D
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Re: When we become the "cashless society"

Post by on_one_wheel » 17 Oct 2022, 2:54 pm

bradley33 wrote:its the age old dilemma with non valuable currency, a crazy king can devalue coins to the value of the tin or copper. With gold or silver in the coins, the King, his lunatic kid, or the conqueror can say whatever he wants but you still have some precious metal in your pocket.


I'm also a fan of investment metal's and do enjoy stacking however as history has shown, with the stroke of a pen it can be made illegal to keep precious metal just as America did with Executive Order 6102
https://en.m.wikipedia.org/wiki/Executive_Order_6102
I believe nobody was ever prosecuted for breaching the order including some of those in power who were known to keep gold and never handed in a single ounce. :thumbsup:

bradley33 wrote:wonder how the drug trade will work with digital currency. All those kids popping pills and smoking weed, pretty big numbers. I dont think bartering garden vegetables for a bag of pills is going to work .And the guys up the chain can only use so many stolen TV's and bikes. :D


I believe that's a big part of the reason the conversation happens amongst government ranks,
There are 300 million AU $100 notes in circulation which are mostly unaccounted for.
https://www.abc.net.au/news/2016-02-19/ ... ys/7181054
Big duffel bags of cash are changing hands and they'd like to stop it from happening.
It's another good reason to come down hard on the digital currencies like Bitcoin.
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