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"I've recently started drawing cash out to pay for things. I had to supply bank statements to a law firm recently and saw how all my movements are followed by my transactions. I felt a bit uncomfortable about it. Until then I'd never thought about it I suppose. Cash is king from now on " I've been doing this for years | |||
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"I've recently started drawing cash out to pay for things. I had to supply bank statements to a law firm recently and saw how all my movements are followed by my transactions. I felt a bit uncomfortable about it. Until then I'd never thought about it I suppose. Cash is king from now on I've been doing this for years " Nothing dodgy lol, But yes looking at a statement tells a story hey I use to always be cash, I'm going back to the good old fashioned way | |||
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"I dont think it is because imagine if there is a war starting or an emergency noone could get out any money to escape and as well those who cant afford to have it, it is yes handy to have cards but it has its good and and bad points " I use cash always, I will never go cashless. | |||
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"I've recently started drawing cash out to pay for things. I had to supply bank statements to a law firm recently and saw how all my movements are followed by my transactions. I felt a bit uncomfortable about it. Until then I'd never thought about it I suppose. Cash is king from now on I've been doing this for years Nothing dodgy lol, But yes looking at a statement tells a story hey I use to always be cash, I'm going back to the good old fashioned way " I am going realmoid school. Back to the bartering system trading items for items. Going to try swapping some trainers for a new phone today I’ll update everyone here how it goes | |||
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"Here in Spain cash is the preferred way to pay, I get paid in cash, only cash that gets banked is for direct debits." When recently was in Norway, they'd look at you like you'd grown a second head if you wanted to use cash. Which was very frustrating when you've bought local currency | |||
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"I've recently started drawing cash out to pay for things. I had to supply bank statements to a law firm recently and saw how all my movements are followed by my transactions. I felt a bit uncomfortable about it. Until then I'd never thought about it I suppose. Cash is king from now on I've been doing this for years Nothing dodgy lol, But yes looking at a statement tells a story hey I use to always be cash, I'm going back to the good old fashioned way I am going realmoid school. Back to the bartering system trading items for items. Going to try swapping some trainers for a new phone today I’ll update everyone here how it goes " Hahahaha I'm very much looking forward to the update | |||
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"The problem with a cashless society is that if the internet crashed or banks were hacked we would have no way to pay for things. It is a form of control. That said then the banks will know exactly what money is out there and there will be none stashed away anywhere. There are privacy concerns and security concerns, we have already seen banks where people can’t digitally access their money. That said who really uses cash now, almost every machine takes card, traders take card or bank transfers. It costs more to make cash now than its value due to the price of metals The main thing is how do we get or train people to use the digital era when some don’t have access? If you want a cashless society then things like the internet will need to be free to enable all to also shop that way " Yes, that is the problem if the internet crashes too, we have no way of paying for things, it would be difficult to train everyone as some dont have access to it. | |||
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"Nope as it breaches your privacy rights, monitoring your spending and movement " I can see a point in the future where things like life insurance will based on transaction data. 'This guy spent half his wages in Dog and Duck. Add 10% to the quote' | |||
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"T It costs more to make cash now than its value due to the price of metals " Whilst this is true of 1p & 2p coins, it isn't the same for all cash. Also, it doesn't really matter. It's not as if they are used once then need replacing. | |||
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"I've recently started drawing cash out to pay for things. I had to supply bank statements to a law firm recently and saw how all my movements are followed by my transactions. I felt a bit uncomfortable about it. Until then I'd never thought about it I suppose. Cash is king from now on " Cash is fine assuming you don't want a mortgage, loan, credit card or to be able to shop cheaply and easily online. Or book cheaper rail/flight tickets, go to gigs and events, buy a car, get additional protection on purchases, earn cashback, get cheaper utility deals or subscribe to netflix/prime/disney+. And of course if you have plenty of free time to drive to cashpoints every time you need money and aren't worried about losing your wallet/purse and subsequently all your hard earned cash. 🤔🤔 | |||
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"When cash is all gone and we rely on cards everyone will be tracked. The main thing is when cash is gone standby for the banks, credit card providers and retailers imposing a charge for using cards for each transaction you make." I have been in shops local shops, and they still charge you for using a card which is against the law. Consumer rights: payment surcharges, on Gov.com. | |||
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"If you are ever worried about your card transactions being used to track and monitor you. Don't worry, because don't you find it strange how you have a verbal conversation and all a sudden you are getting news stories and adds related to that topic? " I'm guessing you have an Alexa or similar. | |||
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"I bought some bakery goods in Lidl recently with my son. The cashier was surprised when I handed her cash (it was only £1.50). To be honest it did feel weird as I’ve had £10 note in my wallet for ages and can’t remember last time I used money not a card. " Conversely, I quite often see people peeling muultiple £20 notes from a wadge to pay for a big family shop. Makes me wonder what they do for a living. Screwing people for cash, one way or another? | |||
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"I bought some bakery goods in Lidl recently with my son. The cashier was surprised when I handed her cash (it was only £1.50). To be honest it did feel weird as I’ve had £10 note in my wallet for ages and can’t remember last time I used money not a card. Conversely, I quite often see people peeling muultiple £20 notes from a wadge to pay for a big family shop. Makes me wonder what they do for a living. Screwing people for cash, one way or another?" Perhaps they just went to the bank or ATM and withdrew their monthly budget in cash. | |||
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"I've recently started drawing cash out to pay for things. I had to supply bank statements to a law firm recently and saw how all my movements are followed by my transactions. I felt a bit uncomfortable about it. Until then I'd never thought about it I suppose. Cash is king from now on " Hi _uttercup, yes, you are right there, cash is king too | |||
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"Recently I tried to take cash out of an ATM but there was something wrong with my debit card (neither the chip or magnetic strip worked) and it was rejected. When I went to the branch the next day (a Tuesday), they order a new card for me. It took 4 days for the card to arrive and I had no cash apart from a couple of pounds in coins. I hit the contactless limit on the Wednesday so I couldn't pay that way either. Also, traders are charged 2% by the card networks for the privilege of accepting cards. If you pay cash, the trader gets all the money, which is important for the independent traders." Most charges are around 1%. And far less than banks charge businesses for depositing cash. | |||
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"Just out of curiosity how many that posted in this thread are site supporters and how was that paid ?" Is there an option to pay site subscription by cash? | |||
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"Just out of curiosity how many that posted in this thread are site supporters and how was that paid ? Is there an option to pay site subscription by cash?" Don't think so, Mrs x | |||
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"I bought some bakery goods in Lidl recently with my son. The cashier was surprised when I handed her cash (it was only £1.50). To be honest it did feel weird as I’ve had £10 note in my wallet for ages and can’t remember last time I used money not a card. Conversely, I quite often see people peeling muultiple £20 notes from a wadge to pay for a big family shop. Makes me wonder what they do for a living. Screwing people for cash, one way or another?" It’s amazing how some people’s default view of someone paying cash equates to nefarious behaviour. Cash is not illegal! | |||
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"Just out of curiosity how many that posted in this thread are site supporters and how was that paid ? Is there an option to pay site subscription by cash?" No it's all some form off cashless payment. This just backs up my point that it's good to have both. If you choose to only pay cash yo could have to sacrifice somethings. Just like the odd retailer that doesn't except cash they could miss out on sales. | |||
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"Just out of curiosity how many that posted in this thread are site supporters and how was that paid ? Is there an option to pay site subscription by cash? No it's all some form off cashless payment. This just backs up my point that it's good to have both. If you choose to only pay cash yo could have to sacrifice somethings. Just like the odd retailer that doesn't except cash they could miss out on sales. " Decathlon near to where I live stopped accepting cash. I got to the till and abandoned a large sale due to this. They’ve since starting accepting cash again. Makes you wonder how many sales that they gave actually lost due to the cashless decision. | |||
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"Recently I tried to take cash out of an ATM but there was something wrong with my debit card (neither the chip or magnetic strip worked) and it was rejected. When I went to the branch the next day (a Tuesday), they order a new card for me. It took 4 days for the card to arrive and I had no cash apart from a couple of pounds in coins. I hit the contactless limit on the Wednesday so I couldn't pay that way either. Also, traders are charged 2% by the card networks for the privilege of accepting cards. If you pay cash, the trader gets all the money, which is important for the independent traders. Most charges are around 1%. And far less than banks charge businesses for depositing cash. " MasterCard charge between 1.5 and 2.6% Visa charge between 1.4 and 2.5% | |||
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"Recently I tried to take cash out of an ATM but there was something wrong with my debit card (neither the chip or magnetic strip worked) and it was rejected. When I went to the branch the next day (a Tuesday), they order a new card for me. It took 4 days for the card to arrive and I had no cash apart from a couple of pounds in coins. I hit the contactless limit on the Wednesday so I couldn't pay that way either. Also, traders are charged 2% by the card networks for the privilege of accepting cards. If you pay cash, the trader gets all the money, which is important for the independent traders. Most charges are around 1%. And far less than banks charge businesses for depositing cash. MasterCard charge between 1.5 and 2.6% Visa charge between 1.4 and 2.5% " Cash deposit charges to a business bank account seems to be around 70p per £100 - or 0.7% | |||
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"I dont think it is because imagine if there is a war starting or an emergency noone could get out any money to escape and as well those who cant afford to have it, it is yes handy to have cards but it has its good and and bad points " Not only this but what about homeless/vulnerable people who rely on hand outs from people that includes physical money, would they be turned away from shops trying to buy stuff with cash? | |||
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"I like both. I like to keep cash and use cash. I also like the convenience of cash free payments when it suits me. I do not want a cash free society. I want both, and if I had to choose between the two, it would be cash. " Very this!!! Both cash and card have a place. | |||
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"We all have to pay taxes, well except people who only accept cash the only people who don't want to loose cash are those are trying to dodge the system. A system that helps the old and vulnerable people. Whether you like it or not, we have to pay tax, so everyone should have to pay , but they don't " There's lots of ways to avoid tax that don't involve cash - just ask Jimmy Carr. | |||
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"When cash is all gone and we rely on cards everyone will be tracked. The main thing is when cash is gone standby for the banks, credit card providers and retailers imposing a charge for using cards for each transaction you make. " This is just scaremongering, ultimately the service providers have always and will always need to charge for their services... BUT they make their money on volume & want people to make as many transactions as possible. Also if they overcharge then businesses will use a different service provider. There are lods of good reasons to keep cash, but scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal | |||
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" ...scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal" At the moment! Who knows what future governments might do? | |||
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" ...scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal At the moment! Who knows what future governments might do?" It's already been done. Trudeau's government froze the bank accounts of protesting truckers. What's to stop other governments doing the same? An effective weapon that could be used as a strike breaker. | |||
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"My Cleaner, Window Cleaner, Gardener, Chiropodist and House Maintenance guy all request payment in cash and I oblige. Two of my local convenience stores will not take card payments on transactions less than £10, I give my Grandkids cash on their birthdays. To enhance my meagre pension I wheel and deal so always try to keep a few hundred £ in my back pocket. I will continue to use and promote the use of cash. Incidentally I paid for my Pre Paid Funeral in cash and my main savings are in the form of South African cash - Krugerands." How nuch for one of your cakes in cash? | |||
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"When the chip n pin tills went down in Sainsburys the other month and only the very few of us with enough cash on us were able to pay for our shopping whilst the majority of others had to leave their trolleys either for good or for them to be put in the big fridge for them to purchase later, to my mind anyway, answers the OP's question perfectly. " After the Crowdstrike thing a couple of weeks back we have also withdrawn some cash to put away somewhere safe for future occurrences | |||
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"How could the black economy Strive without cash …. ? " Bitcoin is the new cash for criminals it seems. Or am I making the same generalisation that I called out above? | |||
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"When cash is all gone and we rely on cards everyone will be tracked. The main thing is when cash is gone standby for the banks, credit card providers and retailers imposing a charge for using cards for each transaction you make. This is just scaremongering, ultimately the service providers have always and will always need to charge for their services... BUT they make their money on volume & want people to make as many transactions as possible. Also if they overcharge then businesses will use a different service provider. There are lods of good reasons to keep cash, but scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal" Except that’s exactly what they did in Canada. | |||
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"If you are ever worried about your card transactions being used to track and monitor you. Don't worry, because don't you find it strange how you have a verbal conversation and all a sudden you are getting news stories and adds related to that topic? I'm guessing you have an Alexa or similar. I don't have an Alexa or similar. but often we'll be discussing something and then related adverts appear on our Android phones." It’s in the EULA end user license agreement on a lot of apps nowadays that they can use your data for the purposes of steered advertising l, if you deep dive what it actually means is they can and do have access to the microphone on your mobile, by installing the app you have ‘agreed’ to the EULA, this isn’t tin foil hat, it’s there in black and white | |||
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"We all have to pay taxes, well except people who only accept cash the only people who don't want to loose cash are those are trying to dodge the system. A system that helps the old and vulnerable people. Whether you like it or not, we have to pay tax, so everyone should have to pay , but they don't " People who use cash still have to pay tax. Why do you assume that people are criminals by default? | |||
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"If you are ever worried about your card transactions being used to track and monitor you. Don't worry, because don't you find it strange how you have a verbal conversation and all a sudden you are getting news stories and adds related to that topic? I'm guessing you have an Alexa or similar. I don't have an Alexa or similar. but often we'll be discussing something and then related adverts appear on our Android phones. It’s in the EULA end user license agreement on a lot of apps nowadays that they can use your data for the purposes of steered advertising l, if you deep dive what it actually means is they can and do have access to the microphone on your mobile, by installing the app you have ‘agreed’ to the EULA, this isn’t tin foil hat, it’s there in black and white " Good info | |||
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"I hope it never goes that way. I often sit and think that everyone’s savings are just numbers on a screen, how easy would it be for it to be wiped out? I’d rather have it in the house but worry about being burgled when out or fire " I also hope it never goes that way, yes, having some in the house is good too | |||
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"As much as I dislike carrying cash, I would far more dislike the inability to choose to carry cash. This sounds oxymoronic but hear me out. I travel so often, it’s not unusual for me to have four or five different currencies in my purse. This can become frustrating. For example, I was in Australia a few weeks back, paying with cash; I reached into my purse and had to spend a considerable amount of time deciphering where I had Canadian dollars, GBP, or Australian coins. That said, I like having the option to choose cash versus digital payment options. " You need some different small compartments or purses. Or change your currency over before you leave your house or even hotel room. I work in other European countries so I need a separate wallet. | |||
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"Cash is king for me...hate venues that say card only..." Spend your money elsewhere. I always avoid supporting these card only places. | |||
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"When cash is all gone and we rely on cards everyone will be tracked. The main thing is when cash is gone standby for the banks, credit card providers and retailers imposing a charge for using cards for each transaction you make. It happens in China all of the time. It has happened in Canada too. This is just scaremongering, ultimately the service providers have always and will always need to charge for their services... BUT they make their money on volume & want people to make as many transactions as possible. Also if they overcharge then businesses will use a different service provider. There are lods of good reasons to keep cash, but scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal" | |||
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" ...scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal At the moment! Who knows what future governments might do? It's already been done. Trudeau's government froze the bank accounts of protesting truckers. What's to stop other governments doing the same? An effective weapon that could be used as a strike breaker. " Actually wasn't it just accounts of people who'd broken the law? All governments have the option to do that. Always have had. Accounts get frozen temporarily all the time, but they still have to permit access to funds to live. | |||
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"Cash user here where possible, many of my local stores prefer cash, then nobody is getting a slice of the transaction. Also and this is often forgotten, there is still generations who grew up with cash and would be confused and worried about security etc.Remember somebody 75 years plus could have worked all their lives without ever using a screen, my own father is 90+ and has no internet and no interest in it either, pays for everything in cash or its no sale and he walks out the shop The rush to cashless leaves people behind and that is grossly unfair in a caring society." Out of curiosity...how does he pay bills? | |||
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"I've recently started drawing cash out to pay for things. I had to supply bank statements to a law firm recently and saw how all my movements are followed by my transactions. I felt a bit uncomfortable about it. Until then I'd never thought about it I suppose. Cash is king from now on I've been doing this for years Nothing dodgy lol, But yes looking at a statement tells a story hey I use to always be cash, I'm going back to the good old fashioned way " We had the same for getting a new mortgage set up when the bank statements showed clubs and here that we paid for entry and also the payment for swingathon 🙈 | |||
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"He receives bills by post and pays them at his bank or a paypoint. " I have elderly relatives who also pay bills this way. | |||
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" ...scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal At the moment! Who knows what future governments might do? It's already been done. Trudeau's government froze the bank accounts of protesting truckers. What's to stop other governments doing the same? An effective weapon that could be used as a strike breaker. Actually wasn't it just accounts of people who'd broken the law? All governments have the option to do that. Always have had. Accounts get frozen temporarily all the time, but they still have to permit access to funds to live. " Protesting or breaking the law. It's all down to perspective. | |||
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"I’m cashless by the end of each month. " | |||
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" ...scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal At the moment! Who knows what future governments might do? It's already been done. Trudeau's government froze the bank accounts of protesting truckers. What's to stop other governments doing the same? An effective weapon that could be used as a strike breaker. Actually wasn't it just accounts of people who'd broken the law? All governments have the option to do that. Always have had. Accounts get frozen temporarily all the time, but they still have to permit access to funds to live. " At the moment there are laws protecting us here and banjs should follow those and are regulated to need just cause or suspicion. In China , for example, this is not the same. There is always that worry that other parties have extreme conttol over our finances. Another option helps in that situation to a degree at least. | |||
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"Cash is king for me...hate venues that say card only... Spend your money elsewhere. I always avoid supporting these card only places." Me too... Live music venues...I always have drinks in a pub nearby before the show with cash....and cheaper than inside with card only which I avoid. | |||
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"When cash is all gone and we rely on cards everyone will be tracked. The main thing is when cash is gone standby for the banks, credit card providers and retailers imposing a charge for using cards for each transaction you make. This is just scaremongering, ultimately the service providers have always and will always need to charge for their services... BUT they make their money on volume & want people to make as many transactions as possible. Also if they overcharge then businesses will use a different service provider. There are lods of good reasons to keep cash, but scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal ----- Except that’s exactly what they did in Canada. " What other governments do has little to do with what happens here. The Chinese ran over protectors with tanks, The Russians assassinate people with radio-active poisons... | |||
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"My Cleaner, Window Cleaner, Gardener, Chiropodist and House Maintenance guy all request payment in cash and I oblige. Two of my local convenience stores will not take card payments on transactions less than £10, I give my Grandkids cash on their birthdays. To enhance my meagre pension I wheel and deal so always try to keep a few hundred £ in my back pocket. I will continue to use and promote the use of cash. Incidentally I paid for my Pre Paid Funeral in cash and my main savings are in the form of South African cash - Krugerands. How nuch for one of your cakes in cash? " Apart from family cakes which are FOC all other cakes are sold using the barter system. No cash changes hands | |||
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"My Cleaner, Window Cleaner, Gardener, Chiropodist and House Maintenance guy all request payment in cash and I oblige. Two of my local convenience stores will not take card payments on transactions less than £10, I give my Grandkids cash on their birthdays. To enhance my meagre pension I wheel and deal so always try to keep a few hundred £ in my back pocket. I will continue to use and promote the use of cash. Incidentally I paid for my Pre Paid Funeral in cash and my main savings are in the form of South African cash - Krugerands. How nuch for one of your cakes in cash? Apart from family cakes which are FOC all other cakes are sold using the barter system. No cash changes hands " Ok, lets just start bartering then | |||
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"If you are ever worried about your card transactions being used to track and monitor you. Don't worry, because don't you find it strange how you have a verbal conversation and all a sudden you are getting news stories and adds related to that topic? I'm guessing you have an Alexa or similar. I don't have an Alexa or similar. but often we'll be discussing something and then related adverts appear on our Android phones. It’s in the EULA end user license agreement on a lot of apps nowadays that they can use your data for the purposes of steered advertising l, if you deep dive what it actually means is they can and do have access to the microphone on your mobile, by installing the app you have ‘agreed’ to the EULA, this isn’t tin foil hat, it’s there in black and white " Though you can control the permissions granted to the app. I usually deny access to photos, camera and voice when the app clearly doesn't need them to operate. | |||
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"I work in Norway from time to time and trying to use cash, even for tips, is almost impossible. Can't get on a bus with cash, just get funny looks. Wouldn't class Norway as a second rate country, just very, very expensive but everyone seems so proud of their country and its achievements. " Good luck getting on a bus in London with cash. | |||
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"I try use cash as much as possible with small businesses, petrol garage s firms like Costa and places I use card " Costa etc do not care. They're all registereed offshore and don't pay taxes here anyway | |||
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"A moneyless society would be cooler." At least that should help to alleviate global warming, then. | |||
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"I work in Norway from time to time and trying to use cash, even for tips, is almost impossible. Can't get on a bus with cash, just get funny looks. Wouldn't class Norway as a second rate country, just very, very expensive but everyone seems so proud of their country and its achievements. Good luck getting on a bus in London with cash. " It's quicker to walk than get a bus in London! | |||
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"I like things how they are, a mix of cash and card. Cards are so easy, you don't need to carry huge amounts of cash or a cheque book but I like to be able to give tips in cash and pay for smaller items. I don't think cashless is a good thing" That is good you like how things are now. I also like it how it is with a mix of it, because it gives you options on what to pay with, depending on the purchase too | |||
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"When cash is all gone and we rely on cards everyone will be tracked. The main thing is when cash is gone standby for the banks, credit card providers and retailers imposing a charge for using cards for each transaction you make. This is just scaremongering, ultimately the service providers have always and will always need to charge for their services... BUT they make their money on volume & want people to make as many transactions as possible. Also if they overcharge then businesses will use a different service provider. There are lods of good reasons to keep cash, but scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal ----- Except that’s exactly what they did in Canada. What other governments do has little to do with what happens here. The Chinese ran over protectors with tanks, The Russians assassinate people with radio-active poisons... " Yeah, but whataboutery doesn’t change the fact that it happened there and could happen here | |||
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"My bankcard doesn't run out till 2027, but the chip is shot, and I don't have time to cancel and replace. So for the past month I've lived a purely cash lifestyle... It appears to confuse everyone. From Greggs, to the station, to the bus handing over a 2 coin " I'll add... If my 85yr old disabled mum had to purchase a train ticket at a station, she'd be screwed! I've assisted half a dozen train gowers how to use the crap station machines this past month so far | |||
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"I've recently started drawing cash out to pay for things. I had to supply bank statements to a law firm recently and saw how all my movements are followed by my transactions. I felt a bit uncomfortable about it. Until then I'd never thought about it I suppose. Cash is king from now on I've been doing this for years Nothing dodgy lol, But yes looking at a statement tells a story hey I use to always be cash, I'm going back to the good old fashioned way " People will finally realise that this is all about control. I’m glad you are joining my crusade against it. If they don’t take cash I don’t shop there. | |||
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" People will finally realise that this is all about control. I’m glad you are joining my crusade against it. If they don’t take cash I don’t shop there." Yet people who don't mind using their card have the freedom to shop anywhere | |||
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"Quite happy to see a cashless society evolve eventually. Anything which can tighten up the loopholes with cash, where it can be used to avoid paying tax. If all transactions are digital and traceable, there is an audit trail. You know those documentaries where a drug dealer is arrested and there are bags and bags of note. That whole operation and all the back channels right back to the cartels crumbles if cash goes. And a lot of associated crime along with it due to money laundering. Cash had its place once upon a time, but times change." They still need to launder the cash, which will typically involve the use of bank accounts, transfers and deposits. | |||
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" People will finally realise that this is all about control. I’m glad you are joining my crusade against it. If they don’t take cash I don’t shop there. Yet people who don't mind using their card have the freedom to shop anywhere " There are businesses that don’t accept card payments. | |||
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"To the people who want a cashless society, do you really want the government to know your every move and spending habits? That's what it really is " Which secret department of the government do you think is carefully scrutinising all of our spending habits? | |||
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"To the people who want a cashless society, do you really want the government to know your every move and spending habits? That's what it really is " It's easy enough anyway with CCTV and loyalty cards. | |||
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"The problem with a cashless society is that if the internet crashed or banks were hacked we would have no way to pay for things. It is a form of control. That said then the banks will know exactly what money is out there and there will be none stashed away anywhere. There are privacy concerns and security concerns, we have already seen banks where people can’t digitally access their money. That said who really uses cash now, almost every machine takes card, traders take card or bank transfers. It costs more to make cash now than its value due to the price of metals The main thing is how do we get or train people to use the digital era when some don’t have access? If you want a cashless society then things like the internet will need to be free to enable all to also shop that way " Yes your first point is the most obvious one. I’m surprised no government has realised that physical cash is essential otherwise we’re all at the mercy of digital warfare. Actually the same goes for the printed word too. So much knowledge is going to be lost to time because we don’t print anything. If there’s a war and we lose electricity how is anyone meant to a) spend and manage money. B) run their businesses c) learn and read | |||
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"To the people who want a cashless society, do you really want the government to know your every move and spending habits? That's what it really is Which secret department of the government do you think is carefully scrutinising all of our spending habits?" The Tresary | |||
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"To the people who want a cashless society, do you really want the government to know your every move and spending habits? That's what it really is It's easy enough anyway with CCTV and loyalty cards. " Yeah but CCTV and loyalty card can only go so far, they're not everywhere and not everybody has a loyalty card | |||
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"To the people who want a cashless society, do you really want the government to know your every move and spending habits? That's what it really is Which secret department of the government do you think is carefully scrutinising all of our spending habits? The Tresary" I don't think they'll be aware of exactly how I've spent my money | |||
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"When cash is all gone and we rely on cards everyone will be tracked. The main thing is when cash is gone standby for the banks, credit card providers and retailers imposing a charge for using cards for each transaction you make. This is just scaremongering, ultimately the service providers have always and will always need to charge for their services... BUT they make their money on volume & want people to make as many transactions as possible. Also if they overcharge then businesses will use a different service provider. There are lods of good reasons to keep cash, but scaremongering stories like this and "They'll freeze your account for disagreeing with the government" type claims are just rubbish. Cal ----- Except that’s exactly what they did in Canada. What other governments do has little to do with what happens here. The Chinese ran over protectors with tanks, The Russians assassinate people with radio-active poisons... Yeah, but whataboutery doesn’t change the fact that it happened there and could happen here" So you're saying that YOUR "whataboutery" is OK 👍 | |||
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