It's the economy of the future , where nothing gets made!!
Not using Cash since lockdown (3 Viewers)
- Thread starter Sky Blue Harry H
- Start date
hill83
Well-Known Member
Not having that though. You can find out in 2 minutes.
Nick
Administrator
eastwoodsdustman
Well-Known Member
Gazolba
Well-Known Member
For me this is nothing new.
I've been using less and less cash over the past few years.
There are still a few businesses here that do not accept credit cards, so I carry a small amount of cash for that reason.
I also sometimes will pay cash if a business charges an exhorbitant premium for using a credit card (technically illegal but some businesses still do it).
Otherwise everything goes on a card.
I like that I get a complete categorised list of everything I've spent in the last month.
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chiefdave
Well-Known Member
Having just googled tiktok isn't it the same as tout that was around a few years ago and completely flopped or Vine which got the chop when other services added video?
There's so much overlap on these sites its ridiculous, people must waste hours. Do new ones keep emerging just because kids want to be on something that nobody else is on and therefore nobody is telling them what they can and can't do on there?
shmmeee
Well-Known Member
Right? Why not just upload a really short YouTube video? And the app is impossible to navigate! Why?!
I think growing up is not trying to stay on the train of the latest cool thing. As far as I’m concerned YouTube was the last big website/app and everything else is some nonsense fad for kids.
Sky Blue Harry H
Well-Known Member
Ironically, my son has just handed me £50 cash, as he wants to use my credit card to buy software :joyful:
hill83
Well-Known Member
There is some really good stuff on YouTube and there’s a bit of quality content if you know specifically what you are looking for. Never used tik tok though.
shmmeee
Well-Known Member
I think YouTube is great, but YouTubers are garbage to a man. Not seen one that doesn’t piss me off within seconds.
hill83
Well-Known Member
Like and subscribe
ccfc92
Well-Known Member
Other than the obvious of so they can monitor everything, why?
Wyken Sky Blue
Well-Known Member
Rarely use cash. Only time I do is if I'm out on the beer or someone has owed it to me without bank transferring it to me.
I'm all for a cashless society. Better traceability of transactions, less tax dodgers, cannot lose it or be mugged. Also reducers spreading of viruses...
Yes the older generation would have to get used to it, but I cannot see how having an extra card would be a problem. Perhaps banks could prioritise helping the over 65s and encourage everyone else to use online banking?
It's a yes from me
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I'm all for a cashless society. Better traceability of transactions, less tax dodgers, cannot lose it or be mugged. Also reducers spreading of viruses...
Yes the older generation would have to get used to it, but I cannot see how having an extra card would be a problem. Perhaps banks could prioritise helping the over 65s and encourage everyone else to use online banking?
It's a yes from me
Sent from my I3113 using Tapatalk
Wyken Sky Blue
Well-Known Member
Skybluefaz
Well-Known Member
They were full of hooky notes basically
Grendel
Well-Known Member
They make money on card transactions
clint van damme
Well-Known Member
you think the big tax dodgers have got a shoe box full of twenties under the bed?!
shmmeee
Well-Known Member
This is interesting, size of the U.K. shadow economy is 10% of GDP, which is low for a western nation. UK shadow economy worth £150bn
So even if we went cashless we’d benefit from tracking/tax collection less than most. Still a hefty prize for HMRC though.
bringbackrattles
Well-Known Member
Didn't Ken Dodd stash his cash under the bed ? Said he never trusted banks. I saw him in concert at Walsgrave Club and he joked at this story.
shmmeee
Well-Known Member
Just been off down a Google hole about this and reading about Sweden where they’re almost cashless.
Some really interesting repercussions: hadn’t considered how cash is backed by the state, but money held in banks or apps isn’t. So it effectively privatises money. The Swedes are trialling government backed digital currency and app ecosystems but the thought is we wouldn’t as our state is more hands off than theirs.
Another point made both here and in Sweden is that we are “sleepwalking into a cashless society”, since 2007 cash usage has halved here and since 2017 more transactions are done with debit card. But I think that shows why it’s important to solve the issues around budgeting and ease of use and resilience in the face of disasters now. The market is going cashless and at some point you simply won’t be able to use it even if you want to as cash machines close and businesses/bank branches stop accepting it. When that happens it’s better we’ve got solutions in place than scrabbling around because we didn’t want to speed it up.
Some really interesting repercussions: hadn’t considered how cash is backed by the state, but money held in banks or apps isn’t. So it effectively privatises money. The Swedes are trialling government backed digital currency and app ecosystems but the thought is we wouldn’t as our state is more hands off than theirs.
Another point made both here and in Sweden is that we are “sleepwalking into a cashless society”, since 2007 cash usage has halved here and since 2017 more transactions are done with debit card. But I think that shows why it’s important to solve the issues around budgeting and ease of use and resilience in the face of disasters now. The market is going cashless and at some point you simply won’t be able to use it even if you want to as cash machines close and businesses/bank branches stop accepting it. When that happens it’s better we’ve got solutions in place than scrabbling around because we didn’t want to speed it up.
Sky_Blue_Dreamer
Well-Known Member
Largely agree on the cashless issue but I still have some issues with going non-paper. Books etc - e-books are brilliant - but for records still not overly happy.
Years ago I put all the family history stuff my nan has done on the computer and also digitised a lot of the old photos. The family history program no longer works on modern OS so can't access and some of the photos have become corrupted files (but I do have back-ups and there are cloud services but what if something happens to them?). Happy I kept the originals just in case.
shmmeee
Well-Known Member
Personally I’m willing to bet I’m more likely to lose some paper or a USB disk (or a whole laptop, there’s one with about 20BTC in a landfill somewhere) than Google is to lose my data. But I understand the unease. I guess it comes down to trust. Some people like to be fully in control themselves.
Wyken Sky Blue
Well-Known Member
No, but there will certainly be less people using it to their advantage during tax declarations. What the books say go if its all done cashless
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LastGarrison
Well-Known Member
It’s certainly time to think about taking a number of coins out of circulation.
1’s, 2’s and 5’s as an absolute minimum.
1’s, 2’s and 5’s as an absolute minimum.
clint van damme
Well-Known Member
What am I going to use to tip?
Wyken Sky Blue
Well-Known Member
WhatsApp? Used by most people I know that have a smartphone for messages using data and WiFi, the latter means no extra cost.
Calls and texts using minutes and text will be a thing of the past. All people care about is data.
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hill83
Well-Known Member
tommydazzle
Well-Known Member
I have an honesty box outside my house for selling eggs, fruit, plants and other produce. Obviously always cash. I also buy stuff from other stalls using cash - small beer I know but it all adds up.