FabSwingers.com > Forums > The Lounge > Will there still be need for cash in 20 years time?
Will there still be need for cash in 20 years time?
Jump to: Newest in thread
 |
By (user no longer on site)
over a year ago
|
"I hope so , but I doubt it as using cash means our every move cant be monitored. "
There are pros abd cons to a future cashless society, but I do think it would be the Revenue's / Exchecker's ultimate defeat of the working and middle classes. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *estivalMan
over a year ago
borehamwood |
only ever use cash.dont even have a debit card.may be quicker using card but i dont trust the security 100% know to many peeps who have had cards cloned.yea you may be able to get refund most of the time but even that can be a pain in the arse.do i think it will happen eventually yea probably.but not the nxt 20 yrs.mabey at some point in my 7 yr olds lifetime |
Reply privately, Reply in forum +quote
or View forums list | |
Not sure - but I hope they’ll get rid of copper coins soon so shops have to stop selling things for £9.99 etc!
My teenager is easily conned - she’ll say ‘it’s only £9 mum’ and I have to point out that no - it’s a tenner!
Astounds me that it still works as a psychological sales ploy - but apparently it does!  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I sometimes work in a bar on a weekend for some extra pocket money and over 75% of the sales are by card.
This bar is a trendy craft beer place in a cool part of the city which mostly has a young clientele, it seems to me like it's a generational thing.
I almost never carry cash on me as I don't need to. I get the worry about card cloning but I feel like the danger of getting robbed because I've got £200 in my pocket would be higher.
Plenty of Uber drivers I've spoke to love driving for them as opposed to black cabs or other private hire firm's because they don't carry cash therefore there's no worry of being robbed, much safer for them.
My brother on the other hand is a tattoo artist who only deals with cash, if everything went digital he (and a huge amount of other cash only professions) would have to pay more tax because you can't hide your earnings.
Ultimately I think physical cash will disappear eventually and for the most part that suits me but it does mean there's a digital record of all of your purchases which makes me feel a bit uneasy about from a privacy perspective. |
Reply privately, Reply in forum +quote
or View forums list | |
I hope not. I fear the day the homeless get chip and pin readers. I can't say "Sorry mate I only do chip and pin". And I bet you they'll have a minimum £5 spend. Then I'll have to be honest and just tell them I'm too tight to give them any money. |
Reply privately, Reply in forum +quote
or View forums list | |
How will children make small purchases? Carry debit cards around with balances on them for the parents to top up?
It's the same with people calling for cyclists to be, registered, taxed and insured.
Will nobody think of the children ?????
Not that I want to sound overdramatic like. |
Reply privately, Reply in forum +quote
or View forums list | |
"I hope not. I fear the day the homeless get chip and pin readers. I can't say "Sorry mate I only do chip and pin". And I bet you they'll have a minimum £5 spend. Then I'll have to be honest and just tell them I'm too tight to give them any money."
Is that the issue though?
I know (and occasionally help) some genuinely homeless people in Preston when I can afford to!
Over 80% of the ‘homeless ‘ in Preston aren’t homeless at all - they’re essentially scamming people! I’m guessing this is the same in many other cities!
I stopped giving cash a while ago!
I’ll get them food and brews/water from the local shops - underwear and gloves/hats where needed etc - and I’ve given a spare sleeping bag from home!
If I gave cash I’d be worried that they’d be spending it on substances to make their health/situation even worse! |
Reply privately, Reply in forum +quote
or View forums list | |
Yes. Cash is important in a world where people have decreased freedom as well as increased surveillance of their every move.
With the large increases of poverty that's happened since the financial crisis, as well as projected losses of employment due to technology, it's also important that we don't increase the displacement of people who are less fortunate than the better off majority.
It's essential that we don't sleepwalk into a total surveillance state, where everything is known about everyone's total movements, brhaviours and purchases. With increases of populist movements, it's too easy for minorities or undesirables to be subject to oppressive restraints, exclusions and punishment. Cash is an essential part of a healthy society. |
Reply privately, Reply in forum +quote
or View forums list | |
Of course it will go eventually, maybe not in my lifetime but certainly in my Children’s time.
Imagine the opposite and suddenly everyone was told they’d be given paper and metal for currency. Change in my pocket, my wallet will bulge with these new notes...and we will have to cut down trees to make it 
It’s an eventuality, when I went to Thailand last year, I took a card and didn’t change any money prior to the flight. The first time I went on holiday I had to take ALL of my spending money and change it to the countries currency.
I believe the internet has just sped up the process, I’ve had money in my wallet since last payday and not used it, I suspect it’ll be there for quite sometime....and it’s not just because I’m a skinflint  |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
