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Cash now used for fewer than half consumer payments...

joG said:
What do you mean? I cannot believe that you do not see the risk, if a government is allowed to eliminate cash and only electronic payments are possible. If you cannot see the problem, I hope you have never really thought about it.
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I am not in favor of a cashless society. I am talking about your story in particular.
 
tres borrachos said:
If you had an account frozen, you were either past due on a debt, your taxes, or child support. A city council member can not by law freeze your account. He has no access into the bank's core platform to do it. The bank can not do it by law because he tells them to.

You want to keep cash in your mattress, go ahead. No rational person would do it unless he is a deadbeat.
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I do not think that I will be able to correct it, but I perceive your attitude to be exceedingly naive in believing the state to be benevolent and free of making mistakes.
 
joG said:
I do not think that I will be able to correct it, but I perceive your attitude to be exceedingly naive in believing the state to be benevolent and free of making mistakes.
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I know the laws. It's the business that I'm in. That's why I know your posts are full of ****.
 
tres borrachos said:
Your posts had nothing to do with the OP. You responded to a poster who said he would not use cash as his primary method. You went on a dishonest rip about the government closing bank accounts and made up all sorts of untruths while doing it. You invited the criticism of your dishonest posts.
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"Britain has passed another milestone on the path to a cashless society, ..." seems to me to indicate a move to a cashless society was a main part of the topic. To say otherwise is really dishonest and probably myopic.
 
countryboy said:
I am not in favor of a cashless society. I am talking about your story in particular.
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Which story? That payments can be blocked by the state?
 
tres borrachos said:
I know the laws. It's the business that I'm in. That's why I know your posts are full of ****.
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**** is always a persuasive argument. Very good show.
 
MickeyW said:
And being the maverick that I have always been, I'm going the other way.....cash, checks and my free money orders. My card transactions are very limited......and nothing online whatsoever.
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Interesting. I buy everything other than food on the internet.
 
joG said:
Let's hope that you never are in the situation that the government blocks your accounts by mistake.
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Or on purpose.
 
joG said:
Which story? That payments can be blocked by the state?
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If you want to explain what happened to you in detail, go ahead. It's pretty pointless to try and ascertain what happened to you with vague little snippets.
 
fmw said:
Interesting. I buy everything other than food on the internet.
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In urban areas there are services which allow you to buy whole foods online. You can also order bulk food. Doing so blurs the line between personal consumption and commercial use, because this relies on commercial transportation. If you don't like to shop, you can always order food and clothing on Amazon.
 
Celebrity said:
In urban areas there are services which allow you to buy whole foods online. You can also order bulk food. Doing so blurs the line between personal consumption and commercial use, because this relies on commercial transportation. If you don't like to shop, you can always order food and clothing on Amazon.
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I understand. I do order some food products on line - normally things not sold in our local supermarket like tellicherry pepper and saffron. Occasionally I buy some cheese that I enjoy on line. I do order clothing on line. I haven't bought a car on line either although I may in the future. I don't enjoy shopping, that is true.
 
ThoughtEx. said:
Probably afraid of Identity theft. Which funny enough it is just as easy to pick up the RFID chip signal in debit cards with a cell phone app, as it is to commit check fraud. So just owning and carrying a debit card is riskier than shopping online and never taking the debit card outside of your house. Money Orders are checks with additional steps and anonymity and usually only accepted by criminals or utility companies. And Checks work like a debit card, in the Grocery store they run it through a machine and then hand you the check back. Which an identity thief can accomplish with a smart phone camera. Cash has downsides as well, the paper variety is a germ carrier and inflation has rendered coins valueless in practical terms. Plus it can be stolen.

It is all moot as all of your money, except cash and money orders, is insured up to 250,000 dollars. So don't have more than that in anyone account that can be accessed. Also remove any identifying or personal info from your social media. And change your typing style between websites, mess up your grammar so tracking software can't link your information together and build a password profile on you. The databases your information is stored on are super encrypted and usually hackers get in through studying the people, not breaking the code.
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I don't know where you're using checks, but giving back checks is a big no-no where I work. At both places. We have to keep them to cash them.
 
fmw said:
I understand. I do order some food products on line - normally things not sold in our local supermarket like tellicherry pepper and saffron. Occasionally I buy some cheese that I enjoy on line. I do order clothing on line. I haven't bought a car on line either although I may in the future. I don't enjoy shopping, that is true.
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The post motivated me. I ordered up a couple of flavors of Wensleydale and gruyere cheese. Wensleydale cheese is my favorite snack.
 
MickeyW said:
And you are being tracked from many places....not to mention vulnerable to hacking.
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Bank and government databases are hacked more often than individuals. There are security measures people often ignore. Your wife's name is not a good password. :rolleyes:
 
MickeyW said:
And you are being tracked from many places....not to mention vulnerable to hacking.
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No, I shut down all the tracking. Everyone is vulnerable to hacking but I'm harder to hack than most because my network has a hardware firewall installed. In 20 years on the internet I haven't been hacked. I make my living on the internet. I can tell you that more credit card numbers are stolen in stores and restaurants than on line - by quite a big amount.
 
fmw said:
No, I shut down all the tracking. Everyone is vulnerable to hacking but I'm harder to hack than most because my network has a hardware firewall installed. In 20 years on the internet I haven't been hacked. I make my living on the internet. I can tell you that more credit card numbers are stolen in stores and restaurants than on line - by quite a big amount.
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It's easier to install a skimmer than it is to break cryptography - apples and oranges. Cash is not a suitable solution just because printing and laundering have been under public scrutiny since Isaac Newton.
 
tres borrachos said:
How does the government "block your account"?
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It can happen many different ways.

Somebody can file a law suit against you and request the accounts to be frozen to make sure the money will be there, or they can get you confused with somebody of the same name, or the bank can have a glitch in their system.

How can you trust all of your spending power to unknown people or computers?
 
tres borrachos said:
They can and will only do that in the event that levies need to be put on your account for such things as back taxes, unpaid child support, unpaid debt, etc. And those can only happen with a judgment. The government can't block your account for no reason. Only a judge can, and only with verifiable just cause. If you owe a private creditor money or the government money, te process to freeze your account is a long one. It's your responsibility to know if you owe money.

By the way, they don't prohibit further transactions on your account. You can still put money in the account.
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Mistakes happen and you will starve trying to sort it out.
 
countryboy said:
He has claimed in the past that his bank locked his account for simply trying to make an online payment. I think he was trying to use a credit card. In any event, if this happened to me, I would chew my bank out and tell them to make sure it never happened again, if it continued to happen, I'd switch banks.

The only thing even remotely similar I've had happen was for a credit card company to lock my account for multiple fairly large purchases I made while working out of state. I appreciated it, and a simple phone call straightened it out. :)
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The same thing has happened to me.

It does no good to chew out your bank, as they say they are doing it for your benefit.

In the mean time you can't make any purchases.

It takes a couple of hours on the phone to get through and get it resolved.

Cash is easier.
 
On a somewhat different note, cash is more or less worthless without the gold standard. The only thing that seems to justify cash is mutual funds and banking, distributing wealth across accounts. When cash is injected into the economy, we can measure inflation, but mutual investment can direct where that inflation goes. Yet nearly all funds are traded digitally, so cash is going the way of vestigial currency, like wampum.
 
In a cashless society, if the government says you owe them money, you had better just pay them no questions asked.
 
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