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In a World Without Cash, Every Payment You Make Will be Traceable

posted by Fnord666 on Friday July 21 2017, @08:04PM   Printer-friendly
from the black-market dept.

canopic jug writes:

With many countries already heading towards cashless transactions, we are facing some hard decisions. These decisions will be made whether we ignore them or not, so to have a say it is essential to be active. These are not new issues, but they are quickly approaching. Dominic Frisby at The Guardian is the latest to take up some of the pertinent questions around the move to a cashless society.

Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance.

Source: Why we should fear a cashless world

Original Submission

 
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  • (Score: 3, Insightful) by Nuke on Friday July 21 2017, @10:28PM (1 child)

    by Nuke (3162) on Friday July 21 2017, @10:28PM (#542603)

    What BS :

    There's less risk. Lose your card? So what, call to get a new one. Have your card stolen? So what, call to get a new one. With cash, if it's lost or stolen then it's gone forever.

    It does not need to be all or nothing. I carry around $25 for buying smaller things and a card for larger things. If I got $25 stolen it would be less hassle and value than spending the rest of the day phoning banks and doing paperwork.

    It's easier and faster. It's much easier to carry around a single card than a bunch of bills and coins.

    My card wallet is much fatter and heavier than the $25 cash. Nevermind, I'm strong enough to manage.

    Maybe for you driving to a bank and standing in line is a good use of time, but for me being able to manage my account while dinner is cooking is vastly better than having to take off work to get to the bank

    Are you posting from 1950 through a time machine? Have you ever seen told about cash dispensers? There is one right outside my local supermarket - sorry I lied - there is a row of them outside my supermarket , one at each of three filling stations and one outside each of six banks in my typical small UK country town. All are within about 800 yards of each other.

    WTF has managing you account got to do with it? I manage my account at home online too, nothing to do with how I pay for things.

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  • (Score: 2) by cafebabe on Saturday July 22 2017, @02:35PM

    by cafebabe (894) on Saturday July 22 2017, @02:35PM (#542917) Journal

    in my typical small UK country town.

    You may be unaware that the land of the free, home of the brave is also the land of double-dipping. In addition to inbound and outbound telephone call charges and inbound and outbound SMS charges, people in the US are accustomed to a 3% bank teller charge [mybanktracker.com] or similar to use an ATM [wikipedia.org]. The US doesn't have a reciprocal inter-bank cash dispensing fee. Instead, they fleece the customer.

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