FabSwingers.com > Forums > The Lounge > Give up cash?
Give up cash?
Jump to: Newest in thread
We must never get rid of cash though I am sure any minute now there will be all those sayimg they never use cash and everbody has a card and wallets on the phone and such like. I use as much as I can. At least 50% of my spending I try to do that. Most people I know try to use both as muchbas possible. Lots of elderly people I know use just cash they get out of thir building society account. The local Sainsvury shop was only accepting cash thevother day due to system failure. Technogy should support not replace  |
Reply privately, Reply in forum +quote
or View forums list | |
 |
By (user no longer on site) 29 weeks ago
|
Easy eneogh for the local shop keeper to get some change out and start a fresh chitty plus most near us now have signs up asking for cash over card payments due to costs |
Reply privately, Reply in forum +quote
or View forums list | |
"If we go cashless, the banks will have total control, they will be able to charge for all money transactions."
If people stop paying for a packet of chewing gum with their phones or not supporting venues that are card only it will make them rethink. Someone who is quite involved in banking actually said to me that banks do not want cash to go. Whether thatbis true or not, I have no idea. We are the only coubtry in Europe to be slowly walking ourselves into a cashless society. I will do my bit to resist it, many of the people I know do. Perhaps others will too. |
Reply privately, Reply in forum +quote
or View forums list | |
"If we go cashless, the banks will have total control, they will be able to charge for all money transactions.
If people stop paying for a packet of chewing gum with their phones or not supporting venues that are card only it will make them rethink. Someone who is quite involved in banking actually said to me that banks do not want cash to go. Whether thatbis true or not, I have no idea. We are the only coubtry in Europe to be slowly walking ourselves into a cashless society. I will do my bit to resist it, many of the people I know do. Perhaps others will too. "
It's true, however controls the printing if a countries money,(the central bank), has the power to control inflation, price indexes and interest rates, hence my earlier comment. They already charge you to deposit cash, make transactions, borrow money- and when they fail it's our taxes that bail them out!!! |
Reply privately, Reply in forum +quote
or View forums list | |
"If we go cashless, the banks will have total control, they will be able to charge for all money transactions.
Do they not already do that?"
Do you get charged at your bank everytime you use a card payment ? Do you get charged to have wages paid into your account, do you get charged per direct debit ....? |
Reply privately, Reply in forum +quote
or View forums list | |
"Do the IT failures today make you glad we still have cash and aren't totally dependent on IT?"
A cashless society scares the shit out of me. The idea of having everything on system that can be altered by someone you'll never stand eye to eye with is very.... optimistic that it will work out for the best |
Reply privately, Reply in forum +quote
or View forums list | |
The outages today have shown just how interconnected and dependent the world is on such few moving parts. Whether people have been affected a little or a lot today, people busting their balls throwing paper in the air at what is a global calamity. Cash is a bit pointless if you can't access it or spend it on what you want. |
Reply privately, Reply in forum +quote
or View forums list | |
I was at a festival this evening when the bar was card only yet I bought a Pizza from a decent vendor, and they took cash only and made a killing..
So deffo a place for both and imo if you have a bit of both then you can't go wrong  |
Reply privately, Reply in forum +quote
or View forums list | |
"I like having and using cash. I've not used my phone to pay ever. And reported phone thefts, where thieves want them to do financial crime doesn't give me much faith in doing so. "
I have a mate who does ethical hacking for a job. He broke modern day online banking down to me like this:
Now'a'days, if you know what you're doing, people are literally walking around with their wallet high in the sky on a stick. Free for anyone to take. All you need to do is pull up at a coffee shop, hop on their WiFi and wait for people to sign in to the free WiFi. You can easily hack coffee house wifi and load up a false page, so that when the individual clicks the link to access the WiFi, they inadvertently give you access to see the screen on their phones and what they are doing. Then you just sit back and wait for them to access their bank account. Print and clone their card and there you go. Free money.
Fucking scary to learn how easy it is once you know what you're doing. |
Reply privately, Reply in forum +quote
or View forums list | |
"I like having and using cash. I've not used my phone to pay ever. And reported phone thefts, where thieves want them to do financial crime doesn't give me much faith in doing so.
I have a mate who does ethical hacking for a job. He broke modern day online banking down to me like this:
Now'a'days, if you know what you're doing, people are literally walking around with their wallet high in the sky on a stick. Free for anyone to take. All you need to do is pull up at a coffee shop, hop on their WiFi and wait for people to sign in to the free WiFi. You can easily hack coffee house wifi and load up a false page, so that when the individual clicks the link to access the WiFi, they inadvertently give you access to see the screen on their phones and what they are doing. Then you just sit back and wait for them to access their bank account. Print and clone their card and there you go. Free money.
Fucking scary to learn how easy it is once you know what you're doing. "
Your mate is spot on. I’ve been trying to tell family and friends this for a long time |
Reply privately, Reply in forum +quote
or View forums list | |
"I like having and using cash. I've not used my phone to pay ever. And reported phone thefts, where thieves want them to do financial crime doesn't give me much faith in doing so.
I have a mate who does ethical hacking for a job. He broke modern day online banking down to me like this:
Now'a'days, if you know what you're doing, people are literally walking around with their wallet high in the sky on a stick. Free for anyone to take. All you need to do is pull up at a coffee shop, hop on their WiFi and wait for people to sign in to the free WiFi. You can easily hack coffee house wifi and load up a false page, so that when the individual clicks the link to access the WiFi, they inadvertently give you access to see the screen on their phones and what they are doing. Then you just sit back and wait for them to access their bank account. Print and clone their card and there you go. Free money.
Fucking scary to learn how easy it is once you know what you're doing. "
It's ok the government will protect us. |
Reply privately, Reply in forum +quote
or View forums list | |
"Honestly can’t remember the last time I had cash in my wallet? 2 or 3 years ago maybe.
Even yesterday, phone didn’t work but card did in every shop. "
You're from Surrey, daaaarling. Why concern yourself with a thread for the peasantry and their need for hand held sheckles? |
Reply privately, Reply in forum +quote
or View forums list | |
"I like having and using cash. I've not used my phone to pay ever. And reported phone thefts, where thieves want them to do financial crime doesn't give me much faith in doing so.
I have a mate who does ethical hacking for a job. He broke modern day online banking down to me like this:
Now'a'days, if you know what you're doing, people are literally walking around with their wallet high in the sky on a stick. Free for anyone to take. All you need to do is pull up at a coffee shop, hop on their WiFi and wait for people to sign in to the free WiFi. You can easily hack coffee house wifi and load up a false page, so that when the individual clicks the link to access the WiFi, they inadvertently give you access to see the screen on their phones and what they are doing. Then you just sit back and wait for them to access their bank account. Print and clone their card and there you go. Free money.
Fucking scary to learn how easy it is once you know what you're doing.
Your mate is spot on. I’ve been trying to tell family and friends this for a long time"
Perhaps all the more reason to have generous data allowances and not to use free public wifi |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) 29 weeks ago
|
"If we go cashless, the banks will have total control, they will be able to charge for all money transactions."
Agreed
Sourcing actual cash to run a till in a shop is becoming harder as more banks close. Card payments per transaction are also increasing! |
Reply privately, Reply in forum +quote
or View forums list | |
"Cash enables crime. Get rid of cash it’s very hard to sell drugs , immigrants , pay enforcers and bribe authorities and police
And that’s where crypto comes in."
Few people have access to and will use the dark web, and even if they do high profile people are worried it’s being tracked somehow, ultimately you need to withdraw and wash through a pub or restaurant.
Bags of cash is still the way crime is done. Organise crime has been tackled in many countries by making the largest denomination quite small. The biggest note in Nigeria is 1000 naira, which is around 50p, UK crime have access to notes 100x so it’s easy to move |
Reply privately, Reply in forum +quote
or View forums list | |
"Cash enables crime. Get rid of cash it’s very hard to sell drugs , immigrants , pay enforcers and bribe authorities and police
And that’s where crypto comes in.
Few people have access to and will use the dark web, and even if they do high profile people are worried it’s being tracked somehow, ultimately you need to withdraw and wash through a pub or restaurant.
Bags of cash is still the way crime is done. Organise crime has been tackled in many countries by making the largest denomination quite small. The biggest note in Nigeria is 1000 naira, which is around 50p, UK crime have access to notes 100x so it’s easy to move "
The thing with criminals is they will always find a way. Even the local crackhead can find genius ways to steal that someone with double the IQ would never come up with. Crypto seems to be the easiest way to move money illegally at the minute but if that stops they’ll find another way.
Drug dealers at festivals now have card readers so cash isn’t always king in these situations. |
Reply privately, Reply in forum +quote
or View forums list | |
As long as cash is aailable I will not give up on it.
I currently pay my house cleaner, my gardener, my window cleaner and my chiropodist in cash and will continue to do so.
As a bit of a wheeler dealer I always carry a cash float in the event of a bargain becoming available or problems arise with card payments.
Long live cash  |
Reply privately, Reply in forum +quote
or View forums list | |
"Honestly can’t remember the last time I had cash in my wallet? 2 or 3 years ago maybe.
Even yesterday, phone didn’t work but card did in every shop.
You're from Surrey, daaaarling. Why concern yourself with a thread for the peasantry and their need for hand held sheckles? "
Ah yes, Surrey, a place where all people are so rich we don’t use cash. |
Reply privately, Reply in forum +quote
or View forums list | |
"Honestly can’t remember the last time I had cash in my wallet? 2 or 3 years ago maybe.
Even yesterday, phone didn’t work but card did in every shop.
You're from Surrey, daaaarling. Why concern yourself with a thread for the peasantry and their need for hand held sheckles?
Ah yes, Surrey, a place where all people are so rich we don’t use cash. "
Exactly. It's all butlers and black cards. I'm taking the absolute piss by the way, mate. Due to lake of appropriate emoji om here it's slightly harder to convey lol |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *lfa RomeoMan 29 weeks ago
southeast , Herts, Beds |
Any cash I get from jobs I do , I keep.as one day cash will disappear and we will all pay fortunes in card and bank charges, another way the establishment what to control us . I'm eventually going to sell up everything, but a nice big motorhome and say fxxk you to the establishment |
Reply privately, Reply in forum +quote
or View forums list | |
"Any cash I get from jobs I do , I keep.as one day cash will disappear and we will all pay fortunes in card and bank charges, another way the establishment what to control us . I'm eventually going to sell up everything, but a nice big motorhome and say fxxk you to the establishment "
Do I detect sarcasm, nice man?  |
Reply privately, Reply in forum +quote
or View forums list | |
"If we go cashless, the banks will have total control, they will be able to charge for all money transactions."
This popular social media concept is just scaremongering, 99% of all UK wages are paid into bank account, most household bills are paid by direct debit, businesses pay nearly all of their suppliers electronically. There's no issues with banks charging for these services. Banks could already choose to charge for withdrawal if cash if the chose to.
All card transactions already involve charges, but these are paid for by the shop/service/etc... these charges come from the card processing firms not the banks, and there are many companies offering card payments services. Competition keeps the prices down.
There are many good reasons for keeping cash, this just isn't one of them.
Cal |
Reply privately, Reply in forum +quote
or View forums list | |
"Cash enables crime. Get rid of cash it’s very hard to sell drugs , immigrants , pay enforcers and bribe authorities and police "
Big crime is actually much more invested in digital currency than cash, the physical nature of cash makes it much easier to steal, seize, damage, trace, etc... Crypto is usually preferred.
Cal |
Reply privately, Reply in forum +quote
or View forums list | |
"Cash enables crime. Get rid of cash it’s very hard to sell drugs , immigrants , pay enforcers and bribe authorities and police "
Poverty enables low level crime. Not cash. Chucking a suit on and committing white collar crime is no better.
Corrupt police will take bribes no matter what. Personally, I have no problem with any "immigrants" being paid cash because they don't have a bank account. Majority of the time, they're here from countries that our country has helped economically assassinate.
|
Reply privately, Reply in forum +quote
or View forums list | |
"Freedom is the underlying thing here. I will never support the removal of any kind of freedom by the government. They have a very bad track record of doing things for the people's benefit. "
Well said that man |
Reply privately, Reply in forum +quote
or View forums list | |
"Freedom is the underlying thing here. I will never support the removal of any kind of freedom by the government. They have a very bad track record of doing things for the people's benefit. "
It's nothing to do with freedom, it's all about money. Ultimately, cash is more expensive to maintain. Cash needs "in person" payments... you can't do "in person" without people, and people need to be paid for their work.
With digital/electronic payments, a room full of computers can do the work of thousands of people for a fraction of the cost.
The only way to ensure that cash is around for the long haul is to use it...
Cal |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
