A cashless society - peer to peer payments?

eskbanker

Type_45 said:

I'm not going to collate links and do leg work because I know how what your response will be.

Well it's hardly my fault if you refuse to try to construct a coherent argument and support it with meaningful evidence for scrutiny!

Type_45 said:

BIS, BoE, Visa, MasterCard, PayPal, etc all have a massive vested interest in abolishing cash.

To be fair, not all of what you post is complete drivel, so there is some truth in the observation that commercial organisations handling non-cash payments will benefit from increases in those methods, but the same could be said for Amazon benefitting from retail moving online and nobody is extrapolating that to bricks and mortar shops being 'abolished' when their usage declines....

Even if 'abolishing' cash was actually on the table, what would be in it for the Bank of England?

Type_45 said:

Cash is popular with the people. The people get NOTHING out of cash being abolished. The aforementioned companies get money and power out of it.

If you can't see that then I can't help you.

Of course some people like using cash but some people buy the Daily Mail and some people think Nigel Farage is a credible politician, it doesn't mean that these subsets should be given any particular prominence or be regarded as being 'the people'....

Prism

Type_45 said:

Prism said:

Type_45 said:

Cash is popular with the people. The people get NOTHING out of cash being abolished. The aforementioned companies get money and power out of it.

If you can't see that then I can't help you.

You say that cash is popular with the people but I have seen nobody yet on this thread agreeing with you and I personally know nobody that cares much about cash. I myself wouldn't care less if cash was abolished and would be happy to use the technology already in place to transact. 

You are correct that this is all likely to happen. Other countries like China are cash free in a number of sectors.

Yes, let's just copy China. What can go wrong.

The entire point of this thread is that a cashless society would limit freedoms and someone pipes up with "China are doing it, so it's fine!"

That's my point proven. Game, set and match.

I give up. I really do.

Point proven? I don't even understand your point so its hardly proven.
I haven't really used cash for over 20 years. If the government agencies wanted to see pretty much all of my financials over my whole adult life they could. I can't see the problem.

[Deleted User]

Type_45 said:

eskbanker said:

Type_45 said:

eskbanker said:

Type_45 said:

Apodemus said:

I had to use cash in the village shop on Sunday because their card-reader was playing-up.  On checking, I see that this was the first time I had used a bank-note since early May last year.  As far as I can see, the move to a cashless society is a bottom-up thing, not a nasty conspiracy from above!     

Then you aren't paying attention.

Go on then, let's play along for a bit more: who specifically has prevented you from using cash when you've wanted to, and under whose orders have they done so?

You're not "playing along". You're creating a strawman.

No I'm not, I'm just expecting you to provide some sort of supporting evidence that demonstrably reducing cash usage is caused by some sort of diktat from above rather than lower demand, if you're rejecting the proposition that lower cash usage is being driven bottom-up, i.e. people choosing not to use it.

I'm not going to collate links and do leg work because I know how what your response will be. 

BIS, BoE, Visa, MasterCard, PayPal, etc all have a massive vested interest in abolishing cash.

Cash is popular with the people. The people get NOTHING out of cash being abolished. The aforementioned companies get money and power out of it.

If you can't see that then I can't help you.

Ah yes the old dO yOuR ReSeaRcH sHeePLe 
No
YOU are making the claim
YOU must provide the evidence

That which can be asserted without evidence, can be dismissed without evidence.

Type_45

eskbanker said:

Type_45 said:

I'm not going to collate links and do leg work because I know how what your response will be.

Well it's hardly my fault if you refuse to try to construct a coherent argument and support it with meaningful evidence for scrutiny!

Type_45 said:

BIS, BoE, Visa, MasterCard, PayPal, etc all have a massive vested interest in abolishing cash.

To be fair, not all of what you post is complete drivel, so there is some truth in the observation that commercial organisations handling non-cash payments will benefit from increases in those methods, but the same could be said for Amazon benefitting from retail moving online and nobody is extrapolating that to bricks and mortar shops being 'abolished' when their usage declines....

Even if 'abolishing' cash was actually on the table, what would be in it for the Bank of England?

Type_45 said:

Cash is popular with the people. The people get NOTHING out of cash being abolished. The aforementioned companies get money and power out of it.

If you can't see that then I can't help you.

Of course some people like using cash but some people buy the Daily Mail and some people think Nigel Farage is a credible politician, it doesn't mean that these subsets should be given any particular prominence or be regarded as being 'the people'....

What's in it for the Bank of England is control and power. BoE is owned the government. They are one and the same. Two cheeks of the same !!!!!!. 


And finishing your post with high status opinions about the Mail and Farage may impress the simpletons, but I can see it for the fig leaf covering your vast lack of knowledge that it is.

csgohan4

Type_45 said:

eskbanker said:

Type_45 said:

I'm not going to collate links and do leg work because I know how what your response will be.

Well it's hardly my fault if you refuse to try to construct a coherent argument and support it with meaningful evidence for scrutiny!

Type_45 said:

BIS, BoE, Visa, MasterCard, PayPal, etc all have a massive vested interest in abolishing cash.

To be fair, not all of what you post is complete drivel, so there is some truth in the observation that commercial organisations handling non-cash payments will benefit from increases in those methods, but the same could be said for Amazon benefitting from retail moving online and nobody is extrapolating that to bricks and mortar shops being 'abolished' when their usage declines....

Even if 'abolishing' cash was actually on the table, what would be in it for the Bank of England?

Type_45 said:

Cash is popular with the people. The people get NOTHING out of cash being abolished. The aforementioned companies get money and power out of it.

If you can't see that then I can't help you.

Of course some people like using cash but some people buy the Daily Mail and some people think Nigel Farage is a credible politician, it doesn't mean that these subsets should be given any particular prominence or be regarded as being 'the people'....

What's in it for the Bank of England is control and power. BoE is owned the government. They are one and the same. Two cheeks of the same !!!!!!. 


And finishing your post with high status opinions about the Mail and Farage may impress the simpletons, but I can see it for the fig leaf covering your vast lack of knowledge that it is.

Shall we storm parliament like Trumps minions did? The world is going to end, all that control and power, I am quivering now and genuinely so scared, I am going to order a cashless dominoes now

eskbanker

Type_45 said:
What's in it for the Bank of England is control and power. BoE is owned the government. They are one and the same. Two cheeks of the same !!!!!!.

How would that work then, i.e. in what meaningful sense would abolishing cash (with that activity being picked up by the retail banks) allow the central bank more control and power than it already has, given its role in managing the major financial and economic levers?

Type_45 said:

And finishing your post with high status opinions about the Mail and Farage may impress the simpletons, but I can see it for the fig leaf covering your vast lack of knowledge that it is.

No need to tar the rest of us with the same brush just because you're being evasive!

Tantalus86

Type_45 said:

What's in it for the Bank of England is control and power. BoE is owned the government. They are one and the same. Two cheeks of the same !!!!!!. 


And finishing your post with high status opinions about the Mail and Farage may impress the simpletons, but I can see it for the fig leaf covering your vast lack of knowledge that it is.

          

Elmer_BeFuddled

Prism said:

You say that cash is popular with the people but I have seen nobody yet on this thread agreeing with you and I personally know nobody that cares much about cash. I myself wouldn't care less if cash was abolished and would be happy to use the technology already in place to transact. 
You are correct that this is all likely to happen. Other countries like China are cash free in a number of sectors.

I've gone virtually cash free because of Covid and basically being locked down since March.
Once I can get out and about again (Whoo Hoo! Pubs open!!) I'll be back to cash. Don't want the gov/bank really knowing where and how I spend my money (not that they'd really be bothered in little old me!).

eskbanker

Elmer_BeFuddled said:
Don't want the gov/bank really knowing where and how I spend my money (not that they'd really be bothered in little old me!).

Ah but they'll know where you are at all times via the GPS-enabled chip they'll be injecting....

barnstar2077

Even if cash was abolished completely something else would replace it.  There is always going to be people who want to carry out clandestine transactions, for drugs or sex etc.  It would need to be something that holds it's value and can be easily verified as genuine.  So that rules out bitcoin! :  )