Should cash be phased out in favor of all electronic currency?
Only a matter of time .......
Yeah, what happens when we get hit by an EMP or solar flare? We are screwed. Why would anyone think this is a good idea.
No. What?? Anyhow!! Are we going to let kids access gumball machines for free? If not, what??? Outlaw gumball machines??
Sheesh! How could I be so naive?? Just charge a buck per gumball!!!
It will be inevitable but we are not ready for that yet. The technology is not advanced enough to be fully secure.
Considering there are still concerns of hacking into everything from social media to elections why would we put our currency at risk?
I can’t even imagine how terribly something like this would affect the homeless
What happens when there is an EMP?Natural or by a military enemy?
I am pretty sure its inevitable.
Hellllllll no, how many companies are hacked weekly?
It will some day. I have read the end of the book.
No, cash is still king on some occasions:
Giving a small amount to a beggar
Coin operated vending machines
Buying a hotdog from a mobile vendor
For legal minors: pocket money
Small Transactions: How is cash better than a debit card here? I use my debit card for less than $1 amounts all the time.
Giving a small amount to a beggar: Money should never be given to people begging. Give them food; give them clothes; give them bedding; hell, give them a job. Giving them money only keeps them where they’re at, and more often than not, the beggars are panhandlers who aren’t even homeless or struggling.
Coin operated vending machines: Many of these take cards or NFC payments; I use ApplePay with vending machines all the time. If we went cashless, obviously the non-compliant machines would be forced to follow suit.
Buying a hotdog from a mobile vendor: Many mobile vendors accept cards, and all are capable of accepting cards or NFC.
For legal minors: pocket money: The word “legal” isn’t necessary here, so there’s that. However, give them a teen debit card. In fact, start a bank account for them, where most banks will give them their own debit card.
The Gettys and Rothschilds think so.
No, because cash is untraceable
So is cryptocurrency.
Not unless there is a way to make "electronic currency" free, available to everyone without needing to first establish some kind of account, and transactions using it anonymous and untraceable. At a minimum. I don’t see any of those things happening anytime soon, much less all of them.
My thoughts exactly. Sounds like a great idea until you realize it demolishes anonymity once and for all.
You even have to show a picture ID just to buy a prepaid gift debit card that can't even be overdrawn.
Eventually yes but not now.
Ya so the powers that be could annihilate your entire net worth at will when you become a problem.
Will happen at some point
No. Electronic is too vulnerable to hacking and loss. If your power goes out or cell service goes down you will likely not be able to purchase anything.
Sounds like some dystopian sci-fi nightmare waiting to happen.
“It’s for the best! It’ll be easier! Less costly for people” -governments, businesses and banks
Reality - government and business tracking every move for taxing and marketing opportunities. Surveillance. Digital Money laundering by 3rd world counties. Digital warfare by terrorist nations. Bartering underground economy using anything of value like some medieval village.
I wouldn’t make it a law but it’s on its way out tbh.
how would I pay prosties, strippers, drug dealers, and the like?
The same way I do now. Venmo
i thought you were gonna tell me you swipe your amex thru her ass crack 😂
I mean I do that too but not to pay her
Yes I think it’s happening already slowly step by step.
Phased out by whom?
Best answer: No.
The government could just printing and minting. Think about how much tax payers could save.
As long as they accept other forms of payment for taxes, sure. I’d be alright with no longer using the petrodollar.
“Think about how much tax payers could save.”
I’m beginning to realize that taxpayers don’t save any money when expenses are cut because there’s no money left over regardless bc it’s borrowed already. It either means we borrow less money or the government finds something else to spend it on
CoffeeNow I agree and that's sad.
Phased out by the new world order led by the colonel.
The only time I handle cash is to pay my housekeeper and it drives me nuts that he doesn’t accept Venmo/PayPal/ApplePay like the rest of my service people. I rarely carry a credit card with me anymore, let alone my wallet. NYC, everyone accepts ApplePay.
Probably the worst idea ever. Among other things, it’s been shown in studies that people tend to spend more on average with a card than cash. People’s entire concept of money would go away.
No. This will make everything more expensive because you’ll overload current cyber security demands and sorry but not all transactions need to be on the books. This allows everybody to keep an eye on YOUR money. Also poor people would be adversely affected.
Keep cash , just do away with pennies I hate them, they cost more to mint than they are worth🤬‼️
What a scary thought! No!
There are probably some practical reasons for doing this, but I can't help but think of end times prophesy about the mark of the beast and not being able to buy or cell without it. Electronic currency makes me nervous.
How are the cartels, and mafia supposed to launder their money that way?
You have now been reported
Hi Joshua. How are you?
I am ok, thank you for asking. Just filing reports this morning. How are you?
I’m good. Just finished feeding the horses, goats, pigs, chickens, cat and dogs.
Are you people best buds❓
Personally, I love Breck
Carnally or Fraternally, Eros or Phileo❓
If you make it weird, I will file a report against you.
Weird❓I hope not, but you tell me❓
I’ve heard enough.
You have now been reported.
Joshua. You lay low on weekends and do your work on Monday mornings? Please don’t report me. My reputation is immaculate
SOH Joshua, you’re a reporter? 😂
He’s off because of veterans day.