New five pound note

Werewolf said:
It makes as much sense as your previous post.
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h4rm0ny said:
:D :D :D :D :D :D :D
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pooley said:
we have a live one here :p
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Ok, so lets look at this from "grown up" perspective.

Removing cash and replacing it with debit/credit cards that are secure and tied to an individual.

Benefits:

- Extremely difficult to avoid paying taxes
- Money laundering becomes a lot more difficult
- Selling drugs becomes a pain in the butt, having to resort to things like bitcoin which again can be traced back.
- Illegal immigrants would have their work cut out for them to survive.
- No more cash production/moving it around cost
- Terrorists even born and raised, the patterns of purchases of weird materials can be established within immediate circle that could be used to make a bomb or other naughtiness.

In a world where apparently facebook listens to your convos, and majority of us already dumped the cash... Why not take the extra step?

On this forum, everyone is up in arms about disarming U.S.A, a right upon constitution is built, to reduce deaths. Cash is not a right, majority of us already think it is obsolete, an extra step would make the country a lot more secure and help get money into treasury.
 
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Evole said:
Ok, so lets look at this from "grown up" perspective.

Removing cash and replacing it with debit/credit cards that are secure and tied to an individual.

Benefits:

- Extremely difficult to avoid paying taxes
- Money laundering becomes a lot more difficult
- Selling drugs becomes a pain in the butt, having to resort to things like bitcoin which again can be traced back.
- Illegal immigrants would have their work cut out for them to survive.
- No more cash production/moving it around cost
- Terrorists even born and raised, the patterns of purchases of weird materials can be established within immediate circle that could be used to make a bomb or other naughtiness.

In a world where apparently facebook listens to your convos, and majority of us already dumped the cash... Why not take the extra step?

On this forum, everyone is up in arms about disarming U.S.A, a right upon constitution is built, to reduce deaths. Cash is not a right, majority of us already think it is obsolete, an extra step would make the country a lot more secure and help get money into treasury.
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And back in the real world.

Cash doesn't require any speciul equipment.
Cash doesn't require you to have power.
Cash doesn't require you to be utterly dependent on systems that are out of your control for your business.
Cash doesn't get "overloaded" because there are too many people trying to use it.

In the last few years we have seen banks whose entire ability to take and process payments (including card) has failed for periods between hours and days at a time.

I've been in a major supermarket that ended up with customers abandoning trolleys full of food (including chilled and frozen) because their card payment system went down completely (the cash machines next door fortunately kept working).
I've been to major events where stallholders who took card where performing acrobatics to try and get a signal on their card reader because the venue didn't have the network capacity for their mobile terminals in addition to the thousands of visitors mobiles.
I've been in a newish store where fortunately company policy was to still have a click/clack machine (the old imprint card machines) when it came to paying for a custom item, their phone lines were down (it was rather amusing watching a couple of the staff trying to work the machine out - it was the first time one of them had used one).
 
glen8 said:
He has a point, it is 2016
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No! he does not have a point at all.

To all the idiots saying we don't need cash anymore as its 2016.

Am not sure at what age group nowadays people become thick as pig ****.

But ok so lets scrap cash..................:rolleyes:

How do I pay the window cleaner?
How do I pay for repairs on my house?
How do I tip at restaurants?
How do I give someone extra for doing a good job?
How do I pay for drugs?
How do I pay prostitutes?
How do I do shady deals?
How do I sell second hand goods?
How do I buy second hand goods?
How do I get good deals in shops for paying cash?
Etc........... the list is endless.

Cash is king anything else is just funny money. ;)
 
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aardvark said:
the notes from the other countries have many problems, they just weren't considered that important because the actual volume of notes was small compared to the volume of sterling notes.
also the plastic used for our notes is better than in other notes so there are always teething problems.
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Not really. Both Canada and Australia have polymer notes and neither currency would be considered to have that many less notes in circulation. Granted their volumes aren't as large as sterling, but would still have serious issues.

For example there are about £60B of UK notes in circulation and around $70B Canadian notes, in around 3.7B individual sterling notes and 2B $CAD. Australia has around 1.4B notes in circulation. Not really pocket change is it. :p
 
Werewolf said:
And back in the real world.

Cash doesn't require any speciul equipment.
Cash doesn't require you to have power.
Cash doesn't require you to be utterly dependent on systems that are out of your control for your business.
Cash doesn't get "overloaded" because there are too many people trying to use it.

In the last few years we have seen banks whose entire ability to take and process payments (including card) has failed for periods between hours and days at a time.

I've been in a major supermarket that ended up with customers abandoning trolleys full of food (including chilled and frozen) because their card payment system went down completely (the cash machines next door fortunately kept working).
I've been to major events where stallholders who took card where performing acrobatics to try and get a signal on their card reader because the venue didn't have the network capacity for their mobile terminals in addition to the thousands of visitors mobiles.
I've been in a newish store where fortunately company policy was to still have a click/clack machine (the old imprint card machines) when it came to paying for a custom item, their phone lines were down (it was rather amusing watching a couple of the staff trying to work the machine out - it was the first time one of them had used one).
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All your argument rests on the idea that cards are prone to malfunction due to the complexity of the system.

Given total transition to cards would obviously require investments into current system to make it more reliable. Money spent by government printing money and transporting it around would be used to perfect the infrastructure.

A while ago people didn't trust electricity too due to its insane complexities to kerosene lamps, now if it goes out, the whole humanity will literally crumble into chaos.

The fear of such didn't stop electricity advancing, people didn't just say its too risky lets stick to kerosene lamps?

Majority of planes especially fighter types, would literally fall out of the sky if all the sudden the computer would switch off. The pilot physically would not be able to mechanically keep the plane in the air. If we followed your ideals, worlds millitary would still be on world war 1 or ww2 level where everything was still mechanical.
 
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Evole said:
All your argument rests on the idea that cards are prone to malfunction due to the complexity of the system.

Given total transition to cards would obviously require investments into current system to make it more reliable. Money spent by government printing money and transporting it around would be used to perfect the infrastructure.

A while ago people didn't trust electricity too due to its insane complexities to kerosene lamps, now if it goes out, the whole humanity will literally crumble into chaos.

The fear of such didn't stop electricity advancing, people didn't just say its too risky lets stick to kerosene lamps?

Majority of planes especially fighter types, would literally fall out of the sky if all the sudden the computer would switch off. The pilot physically would not be able to mechanically keep the plane in the air. If we followed your ideals, worlds millitary would still be on world war 1 or ww2 level where everything was still mechanical.
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K5kBGvD.gif.png

Please do go on am intrigued and fascinated! :)
 
Evole said:
A while ago people didn't trust electricity too due to its insane complexities to kerosene lamps, now if it goes out, the whole humanity will literally crumble into chaos.

The fear of such didn't stop electricity advancing, people didn't just say its too risky lets stick to kerosene lamps?

Majority of planes especially fighter types, would literally fall out of the sky if all the sudden the computer would switch off. The pilot physically would not be able to mechanically keep the plane in the air. If we followed your ideals, worlds millitary would still be on world war 1 or ww2 level where everything was still mechanical.
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What an utterly bizarre way to make a point. Nobody is suggesting that progress should be stifled, rather that cash has its place alongside various other means of paying for goods and services.

Electricity is useful, abolishing cash entirely is not.
 
glen8 said:
as someone who is a futurist, and tends to be a good 5 years ahead of the curve I am not a fan of physical money. That said, I have reluctantly mellowed in my old age and understand that the majority still require coins and paper currency to function. Based on that, I quite like it for what it is.
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:confused:

shing.png


:D
 
itchy said:
No! he does not have a point at all.

To all the idiots saying we don't need cash anymore as its 2016.

Am not sure at what age group nowadays people become thick as pig ****.

But ok so lets scrap cash..................:rolleyes:

How do I pay the window cleaner?
How do I pay for repairs on my house?
How do I tip at restaurants?
How do I give someone extra for doing a good job?
How do I pay for drugs?
How do I pay prostitutes?
How do I do shady deals?
How do I sell second hand goods?
How do I buy second hand goods?
How do I get good deals in shops for paying cash?
Etc........... the list is endless.

Cash is king anything else is just funny money. ;)
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The answer to most of your questions is bank transfer. With the exception of prostitutes, they normally take credit/debit cards. It's up to you where you swipe.
 
mmj_uk said:
It's pretty cool that they have Winston Churchill on them at a time when nearly half of the country doubts our own ability to go it alone.
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And pretty shameful that the other half need a website telling them who he is and why he's on there...

Evole said:
Cash helps terrorists, so I am all up for removing it completely.
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So does internet porn and piracy...

Evole said:
Cash is not a right, majority of us already think it is obsolete, an extra step would make the country a lot more secure and help get money into treasury.
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And you don't think people are capable of dealing in things other than cash or credit card, like, I dunno.... gold, silver, precious gems, drugs, human beings, land, etc?
If the Mujahideen can buy guns to fight the Russians by paying in opium, surely we can come up with something similar, no?

In fact that'll make it even less secure, because many of those goods can be rendered fairly untraceable. As for the treasury - It only takes a few idiots to vote Labour in again and we'll lose all our gold reserves!!
 
glen8 said:
as someone who is a futurist, and tends to be a good 5 years ahead of the curve I am not a fan of physical money. That said, I have reluctantly mellowed in my old age and understand that the majority still require coins and paper currency to function. Based on that, I quite like it for what it is.
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lol which time machine do you use these days.
 
StriderX said:
Well, its usually better to prepare for the impending doom, than to ignore it til after its past you by.
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Whatever method people use to buy things, the things have value and can therefore be traded as alternate curency.
Only when all 'things' have been replaced by something digital will trade be impossible... and until you can eat digital food, I'll have something to trade.
 
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