Would you prefer a cashless society?

Question

bolverk · Accepted Answer

If there is a 'cashless society' that also means that there will be 'Digital ID's' and Central Bank Digital Curencies (CBDC).

As soon as your Government starts to push CBDC/Digital ID's get rid of your Smart Phone as they are one pivotal piece of Equipment needed for Digital ID's to work. If you don't have a Smart phone it makes CBDC/Digital ID's exponentially harder to implement. Digital ID’s are NOT to make your life easier. It is so they can turn your life off with a mouse click! This is why the Globalists want CBDC/Digital ID's, so they have ultimate control of your life.

Now here are the Con's of a 'cashless society'.

One of the great problems currently surrounding cashless payments: accessibility. In every country there will be people who do not have a bank account, or are otherwise ineligible to access digital payment methods, for example due to a bad credit rating. Additionally, individuals and businesses alike may struggle to access the required technology and the always-on internet connection required to transact digitally.

The next challenge highlighted it security. If an economy operated solely on cashless transactions, power or internet outages will bring it to a standstill until services are restored, and cyber attacks would be similarly damaging. In an economy with cash and cashless working together, when the latter is unavailable, people can continue to make essential purchases using cash.

Privacy is the third challenge raised. Cash can be exchanged anonymously, leaving no digital trail. This offers people a choice for any given transaction, enabling them to ask: is this purchase safe and unproblematic to appear on statements and form part of my digital trail? If not, they can use cash. Additionally, with transaction tracking, there is the possibility of financial data being misused, either for fraudulent or other criminal use, or by unscrupulous organisations. In a cashless world, a government could track an individual via their spending, and even cut them off, leaving them unable to pay for goods and services. Even today, cashless spending opens the possibility of analysis by third parties not involved in a transaction. For example, an insurance company could adjust an individual’s premiums based on how much junk food and alcohol they have purchased in the past year.

The fourth challenge is inclusivity: some economists argue that a cashless society would lead to increased inequality, as the wealthy would be able to benefit from the convenience of digital payments while the poor would be left behind. Clearly, this is already an issue, but with cash accessible and usable by all, everyone has the opportunity to participate in the economy. By removing cash, the risk of excluding people becomes unavoidable.

In conclusion, cashless payments require infrastructure that may not be available in all parts of all countries, they pose technological challenges - with a need to develop more secure payment methods and ensure systems are fully scalable - and also present social and cultural challenges, with many people currently relying on the tangibility of cash to help them budget.

foxsquirrell · Accepted Answer

I find it hard to answer this question. For crime reduction a cashless society is much better. But to have no cash at all I think is risky in case of bank system failures. But again even with cash in bank a system failure can occur and we would be in no better position. I don't know if I try to rationalize this Id say that a cashless society is better. But intuitively I think to have zero cash in society is unrealistic.

Maybe the best is to reduce the use of cash as much as possible I think is the best thing. For example make it illegal to pay in cash beyond a certain amount of money would achieve the purpose of eliminating a lot of crime I think.

The advantage of being cashless is its traceability of course. So the financial authorities would no exactly from where to where money is moving, and so it would be very difficult in that way to hide illegal transactions, or bypass income tax by declaring less income than was actually the case.

I certainly do not envisage cryptocurrency as the future though. That would be simply another currency with a different name. I don't think it will ever happen without the governments regulating it to the extent that it would loose all of its appeal and advertised advantages.

Screenwriter · Accepted Answer

No. It can be  convenient  to not use cash, but the fact that you have a card mistakenly MENTALLY indicates you have ENDLESS RESOURCES, when, in reality, you do not.  It is very easy to overspend using credit and debit cards and not see the damage until you see your statement, then go, OH NO!  When moths fly out of your wallet after your cash is gone, you have to  CONSIDER  whether you want to pull out that credit card and spend more. This is a helpful brake to casual overspending. The other side of cash spending is on the merchant side. Very small businesses do not have to pay 3% credit card fees which most pass on to customers. I know, I work in such a business.  Also, cash business can be a boon to small businesses. There may be some windfalls on a yearly basis: Christmas, other high-volume sales times, that keep a small business afloat and is not absolutely known by the IRS.  Cashless business means the IRS knows all of a business's income and windfalls that support a small business will never happen. It also means customers can never bargain with a business person by offering cash to get a small discount.  This harkens back to barter. Cash is part of the barter system and aids both sides.  When I have services such as nail or hair work, I pay servers in cash because of this. They don't work for high wages and this "free" money should remain so. I tip in cash 95% of the time.

midnightmoon05 · Accepted Answer

China tried 10 years ago. Didn’t work well… now back to using cash.  Do you think it would work for the US?

Kaneki05 · Answer

No, as it makes criminal activity much harder. And why is that a bad thing? Well freedom. To much control leads to dictatorship and leads to much harsher criminals if pushed to the other end.

In simple terms it's backing an animal into a corner.

And for example now criminals would be even more interested in hacking banks, and for simple things like getting weed which nobody really cares if you go buy weed from a dealer, to now... Be maybe a system we're you need to create a much worse crime to get around the network just to buy weed.

Control has to be fine balanced. And this could throw us way off.

Lliam · Answer

Absofuckinglutely, positively NOT. We would be in a far worse position than Soviet Socialist totalitarianism.
Every single transaction would be traced and recorded. Our funds could be electronically garnished or cut off. It would bring in a Chinese-style social credit scoring system.

No more helping the homeless with a few bucks. No more yard sales. No more untraced tipping. No more under the table or non taxed transactions.

The bankers would have us by the balls and there would be no chance of escape. It would be game over.

It is the globalist totalitarian's wet dream.

Lynx122 · Answer

No. In Switzerland even though we do now have payment apps cash is still very important. It's the most stable currency and there's a lot of small businesses like street vendors and stuff that prefer to use cash. There's also 70% of cash is held by foreigners in 1000 franc notes which is worth 1220 dollars atm because it's lighter than gold and more compact but it keeps its value. Things are definitely moving away from cash in general but I think it will still stick around in ASwitzerland for a long time.

jshm2 · Answer

There will always be cash, kiddo. Even the cashless society works on cash. Systems can fail, you can forget your phone/card etc etc.

You're confusing "cash free" with "cash less". Cashless just means less direct usage of coinage and notes - not their abolishment.

Shiprex · Answer

In Sweden it's almost cashless which OUGHT to be saving fees on banking and losses through carelessness and theft. It's so much easier being able to just blip your phone or card for small purchases and because banks don't charge for the service it means pockets can be freed of coins and notes all too easily lost.

andreasderjuengere · Answer

I want to be in control of my possessions at any time; and not when others please to let me access them.

Where - if this questions aims at not using ''cash'' at all because it does not exist, then I'd find it a little unpractical... yet not impossible.

molonski2 · Answer

No wayyyyy
They know enough already , I'm back in Australia for a bit , some places don't even take cash !

Utterly shameful.

Plenty of cash still in Thailand although not at the movies.
Finished , we NEED cash.

genericname85 · Answer

well cashless pretty much means everything you buy is transparent to the state. I don't know if that's what you should want. this is not only actively used to learn who you are and your habits. it's also actively used to manipulate you into spending money that you wouldn't otherwise spend. and if you think you're not being manipulated, you're being even more manipulated than that. we all are. nobody is an exception. it's in everyones best interest to keep that to a minimum.

FreyaRed · Answer

Without cash everyone becomes a slave of the banks. They block your account and it's over for you and I assure, this power will be abused and exploited by ruling cast.

CaptainZeb2 · Answer

I'm not super conspiracy theorist, but if everything is online everything can be tracked. Including how much beer you buy to how many Twinkies you eat. One example of tracking would be health nsurance companies could track what you eat and adjust your rates based on how healthy your diet is. Did you eat at McDonald's 4 times this week, oh let's see that will be a 30% increase in your premium.

beefcakebradybatson · Answer

When I was young, the Detroit Tigers had first baseman Norm Cash and outfielder Ron Cash, both deceased (Ron Cash's nephew, Kevin Cash, is the Tampa Bay Rays manager) and the Pittsburgh Pirates had second baseman Dave Cash, so not really.(And in 1965, Alvin Cash and the Crawlers [Alvin's two brothers] had an R&B hit with "Twine Time," thought too salacious for some radio stations to play).

XXblack88 · Answer

No. I do use credit/debit card as well but not being able to use cash is losing your freedom.

BadApple69 · Answer

Cashless means the government has full knowledge of all your transactions. They can even limit transactions of items they don’t want you to have.

exitseven · Answer

No, the government has enough information on me as it is. I refuse to go along with this and the law is on my side.

MannMitAntworten · Answer

Who needs their spending habits tracked and analyzed as part of an individualized targeted and very coercive marketing model. Cashless is only a marketing convenience.

Paradiseequeen · Answer

Nawl I have a old soul.. I prefer to use money or checks. Too many hackers and other cybercrimes today

BCRanger10 · Answer

No. It's bad enough right now that our money's value can more or less be summed up as "trust me, bro." But a cashless society would make that exponentially worse, I think.

slatyb · Answer

Mostly it's cashless for me, as I rarely carry any. I use cash for only a couple of things: playing poker, where cash is mandatory, and tipping bands where I can't use Venmo.

dustybiker2 · Answer

That would be asking the wealthy to give up their power.

wynning · Answer

Yes but only if it's truly decentralised. Otherwise it's trading control for convenience.

naartjie · Answer

No and you’re dumb if you say yes. People don’t even realise.

Lunatic1 · Answer

No chance, because all it takes is someone in power to not like what you say and you can lose everything

Shy_Steve · Answer

I think the government's should just try to protect people's money more wether it be cash or digital funds. Most of us live in free countries so we should have a choice.

Razp_Sorbet · Answer

I mean mostly am in a cashless society. The only cash I carry is from getting money back from work because I bought something we needed

beenherebefore · Answer

Honestly yes. I think is so much more convenient. I always carry emergency cash with me but I do all my payments with my phone.

Anonymous · Answer

No, I would prefer moneyless society, where everything is free.

KostasKouvalis · Answer

No, I worked in customer service for 4 years and many times had issues processing credit card transactions. Technology malfunctions, but with cash you never have problems.

Sunrising · Answer

The old system of paying with services might prove challenging in today's society 🙂

PeachyPie93 · Answer

No because I have no real skills so id have nothing to trade lol

alli-112 · Answer

That's basically already how things are tbh. I use cash like once a month tops.

CupcakeTheDestroyer · Answer

Cashless in the sense of debit/credit only? No. Cashless in the sense of no currency? Yes

Notherndude84 · Answer

There are some aspects I find problematic.  I vote No

Anonymous · Answer

If you are talking about "cashless", it wouldn't work. If you are talking about "moneyless" it will happen in the future.

Babygirl_S · Answer

No because fraudsters can more easily steal bitcoins. Not everyone is strong enough to make his own money. They want to thug it out like a ghetto guy.

Dorothy90 · Answer

Sure I mean they've done it in Sweden I think. If you think about money carrying germs.

Jersey2 · Answer

People need cash so they can buy dildos at the Sex Superstores off of the Interstates.

Anonymous · Answer

i never use cash or carry cash, so it doesn't matter to me.

AngryCarl2 · Answer

I clicked the wrong bit. I meant to vote no.

robocop666 · Answer

how re politicians meant to get bribes in brown paper envelopes?

captain_voidwalker · Answer

Nope, I don't want the government to be able to just turn my money off like they do in china

Snakeyes7 · Answer

Hell no, the 4th amendment has already been violated enough as is.

qwerty2469 · Answer

I haven't had cash in 27 years. I haven't had a check bookbor debt either. Im not poor.

Kingofkings1992 · Answer

Fuck that. Only commie bitches want all of their purchases tracked

Anonymous · Answer

No, they'll have to pry it from my cold, dead hands It's better to die free than live a slave

Apple1996 · Answer

Yeah i never really use cash

noohair · Answer

There is no freedom in a cashless society.

Iron_Man · Answer

No credit cards charge interest

shortster · Answer

Nooooooooooooooo!

Anonymous · Answer

I would say we're largely that already.

serious · Answer

The answer is No.

eagle1951 · Answer

would vbe interesting

Tempest_Flame · Answer

I don't care

CubaPirate · Answer

The hell nooooo

Hispanic-Cool-Guy · Answer

Nope.

Anonymous · Answer

I rarely use cash so

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