Babbling

[westpark]

http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-toward
s-cashless-economy/

Bad? Good? Should we copy them?

[TOODOooOFEElyeeaah]

But how will Bladerunner get payed?

[Meateor]

how r ppl gonna buy weed

[TOODOooOFEElyeeaah]

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westpark wrote:

http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-toward
s-cashless-economy/

Bad? Good? Should we copy them?

---

Oh, and this

"after his son was robbed for the third time he started advocating a faster transition to a fully digital economy, if only to make life harder for thieves.

"If there were no cash, what would they do?" says Ulvaeus, 66."

They would become Hackers, really, really, good Hackers. Criminal Hackers actually, and then they would? Make fake money, in your system, totally mess everything up.

Then you would be forced to hire them.

Then it might work... Until foreign hackers start attacking your systems.

[Pero8P]

"After his son was robbed for the third time he started advocating a faster transition to a fully digital economy, if only to make life harder for thieves."

Because god knows, no theif knows how to steal electronic payment information.... wait a 66 year old said that, yeah they don't understand computers

Seriously though, we're headed toward such an economy but there's no benefit in rushing it. Businesses don't always report when they've been hacked. I bet if the gov made some program to audit a company for a breach, and required companies to report sec breaches, the number of reports would skyrocket overnight.

[MusketBoned]

As long as there's a system to transfer "credits" between people like in Cowboy Bebop I don't see a problem with it.

[Neo-Tard]

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TOODOooOFEElyeeaah wrote:

But how will Bladerunner get payed?

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life credits ger duh

[Diabeetus]

How will I snort my coke?

[1938_Packard]

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westpark wrote:

http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-toward
s-cashless-economy/

Bad? Good? Should we copy them?

---

I once heard somebody say that a cash free economy would make illicit transactions much more difficult, if not impossible.  With electronic records being made of each transaction, how could one for example offer $250k for a volume of stolen ketamine?  When somebody sells a brand new car, there are records, reciepts, vehicle ID numbers and an expected value of the car.  So paying for the drugs and then lying about the car could easily be caught.

However, the prices of some things are not set by any particular standard of measure.  Two identical items offered for auction on eBay could have a very wide gap between their two prices, especially when the item isn't a common one and doesn't have great number of people demanding it.  A particular pattern of china dinnerware could be sold for fifty dollars to one collector and then the identical pattern gets sold a year and half later at over two grand to another collector.

Ergo, a drug dealer just has to put some obscure item on eBay and have his "buyer" outbid everybody else.  A toy that hadn't in the past garnered a five dollar bid suddenly gets a $250k bid from this "buyer".  Then, the toy is delivered to the buyer to make the deal look legit.  Buyer meets selller in a warehouse to hand over the ketamine.  No record shows anything suspicious.

[TOODOooOFEElyeeaah]

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1938_Packard wrote:

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westpark wrote:

http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-toward
s-cashless-economy/

Bad? Good? Should we copy them?

---

I once heard somebody say that a cash free economy would make illicit transactions much more difficult, if not impossible.  With electronic records being made of each transaction, how could one for example offer $250k for a volume of stolen ketamine?  When somebody sells a brand new car, there are records, reciepts, vehicle ID numbers and an expected value of the car.  So paying for the drugs and then lying about the car could easily be caught.

However, the prices of some things are not set by any particular standard of measure.  Two identical items offered for auction on eBay could have a very wide gap between their two prices, especially when the item isn't a common one and doesn't have great number of people demanding it.  A particular pattern of china dinnerware could be sold for fifty dollars to one collector and then the identical pattern gets sold a year and half later at over two grand to another collector.

Ergo, a drug dealer just has to put some obscure item on eBay and have his "buyer" outbid everybody else.  A toy that hadn't in the past garnered a five dollar bid suddenly gets a $250k bid from this "buyer".  Then, the toy is delivered to the buyer to make the deal look legit.  Buyer meets selller in a warehouse to hand over the ketamine.  No record shows anything suspicious.

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Nothing s-[

CENSORED]is-

Wait, I shouldnt be giving out these ideas. Let me censor what I've typed.

[Diabeetus]

The problem with this is when you go to the store and use a credit card or debit card, the store has to pay a fee. That's why when you go to some gas stations or stores there's a $3.00 minium purchase policy for credit and debt cards.

If they were to get rid of cash, prices will go up because the business has to make a profit. By the end of the year, you'll be paying more for everyday things than you did in taxdollars to make currancy.

[Pero8P]

that wouldn't happen.

BUT, i agree that electronic transfers don't mean ####. The only thing that makes them useful is that they are trackable. But not every transaction is trackable. for instance, once a transaction goes over seas or from overseas it's not trackable. The countries that don't share info are smokescreens. Any trading company can easily act as a cover for money laundering. 

[1938_Packard]

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Diabeetus wrote:

The problem with this is when you go to the store and use a credit card or debit card, the store has to pay a fee. That's why when you go to some gas stations or stores there's a $3.00 minium purchase policy for credit and debt cards.

If they were to get rid of cash, prices will go up because the business has to make a profit. By the end of the year, you'll be paying more for everyday things than you did in taxdollars to make currancy.

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And, what does this have to with using eBay as a front for laundering illicit money in a cash free society?  Check my post before saying anything.

[Pero8P]

handling cash has a fee as well. i'd imagine that as credit cards become more important fee caps would be imposed. Then again, the gov is letting the banks fuuuuuudge us in the ass without lube so who knows.

[Diabeetus]

Trust me. I didn't mean to respond to you.

[Diabeetus]

The fee to use credit is $1.50 to $3.00, depending on the area. If you have a retail and 20,000 customers a day using debit and credit, that's a lot of money.

Currancy still has it's place. What if I want to buy a box of girlscout cookies!?

[alucardsexyghost]

meh wouldn't care one way or another. Really the only time I use cash is when I go to event that doesn't take card, or I just want to make sure I don't spend over a certain amount. Like when I went to the ren fair a few weeks a go I took 300 cash and left the cards. Which I didn't even end up spending it all, but that's not the point

so over all it wouldn't effect me all that much if we didn't use cash any more.

[NaBraniel]

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Meateor wrote:
how r ppl gonna buy weed

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This is what I am most worried about.

It seems inevitable, I'm sure there will always be prole currency, but I still don't like the idea.

[The_Pirate-King]

Yes we should.

[railroadengine]

Bad. They're gonna get butfuuuuuudgeed when the computers get hacked.

[Eklo]

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Diabeetus wrote:
The fee to use credit is $1.50 to $3.00, depending on the area. If you have a retail and 20,000 customers a day using debit and credit, that's a lot of money.

Currancy still has it's place. What if I want to buy a box of girlscout cookies!?

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Agreed. Credit and debit cost money to use. Not just the actual cost, but those sneaky banking fees. Perhaps this will be addressed. Or perhaps in order to buy a simple can of soda, I will have to pay an additional dollar for the transaction. Seems silly.

[Zaphod_209]

It's bad.

I don't even need to read the article to know it is bad.  Many Americans hold more than $1000 in credit card debt.  If everyone would adopt a "cash on hand policy" (meaning that if you can't pay with cash, you don't buy it) people wouldn't have this problem.

It's probably inevatable.  The banks will bribe their way into all three branches of government so they can steal all of our money.

See sig below...

[The_Pirate-King]

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Zaphod_209 wrote:

It's bad.

I don't even need to read the article to know it is bad.  Many Americans hold more than $1000 in credit card debt.  If everyone would adopt a "cash on hand policy" (meaning that if you can't pay with cash, you don't buy it) people wouldn't have this problem.

It's probably inevatable.  The banks will bribe their way into all three branches of government so they can steal all of our money.

See sig below...

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What about debit cards?

[Zaphod_209]

Debit cards are also a problem.

As mentioned earlier in this thread, credit card transactions cost a business money.  The cost for a debit card transaction is just as high, and sometimes higher than a credit card.  This is grossly unfair to businesses.  They should be paid for the products and/or services they provide.  It is un-ethical for a company to charge a person to use something that already belongs to them.

They banks had planed on charging a monthly fee to people who use debit cards, but scrapped those plans after a populust backlash.

And unlike a credit card, a debit card can get you into a lot of trouble.  If you go over your limit on a credit card, it will be declined.  It's embarrassing, but you'll live.  With a debit card, you can have a negative balance on your account and not even know it.  The bank comes to you and says "You owe us money for oweing us money."  They call it "overdraft" but it's really usury.

Banks have a really screwy way of calculating the balance in your account.  They do not process the transactions in the order in which they are received. 

Also, under US law, if your debit card is stolen, there's a very good chance that you will never recover that money.  If your credit card is stolen, there are much tougher protections.

[westpark]

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TOODOooOFEElyeeaah wrote:

But how will Bladerunner get payed?

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Very good question.