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133 Comments
- Eurynom0s, on 06/22/2009, -2/+43No paper trail. That's all that needs to be said about cash's superiority.
- Richandler, on 06/22/2009, -3/+44Good for them. I'd rather pay in cash. It's faster (despite the lame commercials), it's easier to manage (the amount you have is right in front of you), you can buy stuff off of people (ordinary people), you can borrow or let others borrow instantly(and don't have to be with them for the purchase), it makes you feel cool (own personal thing), it works when the power is out, and in some cases it will get you discount.
- tama00, on 06/22/2009, -8/+32One step closer to new world order.
- Smegzor, on 06/22/2009, -2/+26My eftpos card is linked to one of my bank accounts. I'm pretty certain that makes it a debit card since it isn't a credit card. Eftpos can process credit cards too if the merchant accepts them.
I live in New Zealand and I only use cash when Eftpos isn't available. I pay all of my bills online and try to avoid doing business with people who won't accept payment that way. My wallet rarely sees money except for a few coins. One of the rare times I do carry cash, is to take it to places like the bus, where it is loaded onto my card. I would do that online too if they made that possible.
Not long ago I would mock certain Government departments who still didn't accept payment online, but they have finally emerged into the present. - inactive, on 06/22/2009, -5/+28End of cash...the Government's dream, complete control and record of every transaction in your life!
- chrisrad, on 06/22/2009, -8/+29I dislike cash only because of wastage. So many things are priced awkwardly (at least here in Australia they are) and I consider change a "write off" mostly. It gets lost or never banked. I prefer buying something for $9.25 on EFT rather than cash because it means I spend $9.25, not $10 note and get coins that just disappear in my life.
- lummie, on 06/22/2009, -1/+13Not having eftpos in New Zealand is more often than not seen as a negative, a lot of people simply walk out the door if you dont have it
- manlyman, on 06/22/2009, -1/+13And so it begins...
- Jlaugh, on 06/22/2009, -1/+12Next up thumb scanning and microchipping.
- YagLana, on 06/22/2009, -5/+14Yeah, that'd be awful for your mother who is control of your account to see how much prostitutes charge.
- dikky, on 06/22/2009, -3/+12I purchase about 95% of my stuff with debit
i live in canuckistan though - pingudownunder, on 06/22/2009, -0/+9The EFTPOS system here in Australia and New Zealand technically supports both Credit and Debit cards (as per the technical definition of EFTPOS) but the name "eftpos" in common speak refers to people using EFTPOS-branded debit cards. Similar to the Switch system that the British banks operated.
Visa and Mastercard have only recently introduced their own debit cards so I expect that they will gradually replace the eftpos branded ones over time. Most banks don't charge fees for eftpos transactions, those that do lose customers very quickly. - deema1, on 06/22/2009, -9/+18What a horrible, irresponsible idea. Does anyone think about the risks when celebrating these "advances"? What happens if computers go down? What happens if databases are hacked? What happens if your account is hacked? What happens if your identity is stolen? What happens if the government has a problem with you? What happens if a government has a problem certain groups? What happens if a government has a problem with everyone? In a cashless society, people are only a flick of the switch away from nothing.
- inactive, on 06/22/2009, -2/+10Agreed, totally bad idea and this is what people DON"T understand. Give one person control over the money supply, what do you think will happen. control, corruption and greed. Look at the current collapse of the US dollar with the FED in charge, that worked out well didn't it. The entire collapse of the world financial system because of 1 criminal syndicate.
- keysersozejr, on 06/22/2009, -1/+9Cash is still the only way to buy weed, just try and pay Saul Silver via check and see what happens. It doesn't even matter that you're just trying to buy Snicklefritz and not the Afghan Kush or even the Super Red Espresso Snowflake. And it has nothing to do with the fact that you brought your friend along who wanted to buy some Percocet.
Plus if cash goes away the heist movie genre will be toast. Diamonds and krugerrands are lame unless they involve someone saying
'I have diplomatic immunity, please don't revoke it by shooting me in the head.....ooohhh no...splat' (oops spoiler warning) - inactive, on 06/22/2009, -1/+8you could just stop being lazy. How hard is it to take the quarters with you and nxt time you buy that same item, thrown one down with the $10 and get $1 back?
- inactive, on 06/22/2009, -0/+7How would I give money to panhandlers who many are truly in need? How do I give money to family or friends without OVERSIGHT? How are you going to buy Girl Scout cookies in front of the market. TIPS?
- IgorUnchained, on 06/22/2009, -2/+9This story surprised me, but not nearly as much as all of the "I love/would love the cashless society!" comments.
Im not in the least bit religious, so the "Mark of the Beast" aspect doesnt even factor in to my thinking....and it is still the most evil idea ever. A paper trail for every purchase you make, where you are (bought Twinkies at 3:37 PM at Lou's Corner Store), and it can all be taken away with a keystroke. Between hackers, glitches, and the history of every known government to ever exist, that seems like a very bad idea to me. - neftaly, on 06/22/2009, -0/+6There's nothing wrong with the middle ground - my personal wallet contains both a credit and eftpos card for normal purchases, and about $20 in cash for spending money.
- venomoushealer, on 06/22/2009, -0/+6I can't wait until people can use grammar...
- inactive, on 06/22/2009, -1/+6Or your wife...
Cash attracts no account fees. An ATM fee of $2.50 is a bit rich...
Balance check + withdrawal = $5.00
***** banks! I can use cash thanks!
The average Australian spends $230 on bank fees a year.
That is one weeks Rent and living expenses + a good night out. - the_snitch, on 06/22/2009, -4/+9I live in NZ and use eftpos for everything, and if eftpos isn't available, payment by sms usually is available (e.g. parking meters, coke machines etc). My car was broken into 2 weeks ago, and my wallet was stolen, and when I thought about it all I had in there was cards, no cash at all. That still didn't help the fact 2 grand was spent on booze on my credit card within half an hour of it being stolen. At least with eftpos cards you need a pin to get to any cash
- hpodity, on 06/22/2009, -1/+6I'm also in Canada and I also use debit for pretty much everything, I've had my new card for a year and I already need another one because it's getting worn out.
- inactive, on 06/22/2009, -0/+5where have you been?
- SweetAmmonia66, on 06/22/2009, -3/+8I wouldn't trust a cashless society. Can we please have the gold standard back?
- openchordz, on 06/22/2009, -0/+4A fully cashless society just wont happen for the varying reasons above. The card companies loooove to troll these boards with their outsourced monkeys selling this idea but its just a totally cynical endeavour. If you were to legislate cash out of the system, another bartering good would take its place almost immediately. People are not stupid...not utterly stupid.
- crushtheenemy, on 06/22/2009, -4/+8this is insane
- awfl, on 06/22/2009, -0/+4This issue has been discussed, raised in depth over many many years; it has ramifications far beyond buying a burrito at midnight. Do your research to discover what you are actually giving up.
- domfosnz, on 06/22/2009, -0/+4I guess Eftpos is kinda like debit cards. Just about everywhere that sells stuff uses Eftpos.
- eramos, on 06/22/2009, -5/+9You forgot to mention that: it can be lost, damaged, or stolen, it offers no added benefits such as consumer protection, extended guarantees, or rewards, it is more difficult to consolidate and track spending habits. Among other things.
Good for you, but I'll take plastic any day. - ladylarissa, on 06/22/2009, -3/+7This is very bad. If there's no cash, that means I have to put my money in a bank. I have to have a bank account. The government will be able to track all of my money.
How can I do things that are against the law if they can be tracked through my bank account?
My point being, I see a cashless society as merely one step closer to losing all personal freedom. How can we make this life better, how can we rebel, how can we change failing systems if we've been stripped of all power to fight the system?
*****. - DeathJux, on 06/22/2009, -5/+9One of the monetary improvements NZ has made has been the abolition of coins smaller than $.10. That means if what you're buying ends in $.5 or less, it's rounded down, and $.6 or more, it's rounded up.
It's so nice carrying around change and knowing that it's all worth something,
versus my trips back through the States (I'm originally Minnesotan) where I'll end up with loads of worthless pennies. - hawkspur, on 06/22/2009, -1/+5Neuromancer becomes more and more accurate every day.
- inactive, on 06/22/2009, -1/+5Your life chronicles will now be sold to the highest bidding marketing agency...
- inactive, on 06/22/2009, -1/+5I dug u up, not because I want that, but because idiots will blindly lead themselves into it.
- Fizznic, on 06/22/2009, -0/+4EFTPOS stands for Electronic Funds Transfer at Point Of Sale. It's just your typical bank card that comes straight from your everyday or saving account. Credit cards, as I understand it, are calculated separately.
- barroni, on 06/22/2009, -0/+4I moved from NZ to Australia 4 yrs ago.
Australia is like 1990's as far as banking goes.
People I work with go to the bank withdraw money from the teller then go to the post office to pay bills
$2.50 if you use an ATM that does not belong to your bank.
Most Australians don't believe NZ is leading the use of electronic banking transactions - 1hrSleep, on 06/22/2009, -1/+5All I use is debit. (Canada).
- ripple123, on 06/22/2009, -0/+4dont forget you dont have a transaction record that the bank can trawl for marketing information, among other things.
- metamethod, on 06/22/2009, -1/+5with electronic transfers replacing cash, purchases become more transparent
so illicit items are harder to purchase with authorities able to examine records and leak it to the public
unless the black market reverts to bartering or develops an informal credit system
* major black market commodities: drugs and undocumented labor (immigrant, underage) - mackiwi, on 06/22/2009, -0/+3FOTC FTW!
- aussieNickuss, on 06/22/2009, -1/+4I like buying petrol with cash. It means I can squeeze that extra 2 cents into my tank without paying any extra. (Aust. rounds to the nearest .05). That extra 2 cents equates to an extra kilometre or two of driving!
- AROERS, on 06/22/2009, -0/+3Just a pilot program, to help condition people. A great theory, but just remember who is behind the curtain.
- inactive, on 06/22/2009, -2/+5sorry but that just sounds stupid.
- lummie, on 06/22/2009, -0/+3EFTPOS covers both credit and debit cards
- Oea420, on 06/22/2009, -1/+4how about you take the coins, put them in the same spot for a period of eh, 3 months, 4 months...
visit local coinstar machine, cash in voucher... ask for the amount in all crisp $1 bills
visit strip club - Litespeed, on 06/22/2009, -3/+6I'm in NZ and the ONLY time I ever wish I had cash now is when charities have street appeals (MS, Cancer, Life-Flight etc.). All my payments are electronic now. We've had EFTPOS for at least 20 years now. The only times the network has gone down has been in large power outages (e.g. Auckland back in the late 90's). Even on the busiest EFTPOS day of the year (Xmas Eve), the systems handle the load.
- dawnraid101, on 06/22/2009, -1/+4Brian? VHS? Sheep? The *****?
- bingo000, on 06/22/2009, -0/+3OMG, I never thought of if that way!
- TabDelineated, on 06/22/2009, -0/+3How about your government doesn't give the control of printing the money to a private company that profits off printing more money?
Yes, the american federal reserve does all this, google it. -
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