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Cashless society ( pros and cons)

Discussion in 'General Discussion' started by catlad, 5 Oct 2021.

  1. gas112

    gas112

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    who talks of it as a new concept read my original comment were i said , "How many more " that indicates that debt is already there .
    9% of brits have no saving and a third have less than £600 there was reports from 2016 that 16 million had savings of less than £100 so its very easy to see how easy it is to spend money you dont have
     
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  3. Harry Bloomfield

    Harry Bloomfield

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    More wild conspiracy theories. Do you not think that even if that was to be implemented, that there is no way to bypass it?
     
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  4. Harry Bloomfield

    Harry Bloomfield

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    Thanks, but I am well aware..
     
  5. gas112

    gas112

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    . "China’s new payment system exploded in under a decade, growing from inception to dominance. With over a billion users on each platform, the power of network incentives has been unleashed. The new payment system has replaced cards and cash at registers, how families give gifts, and even how beggars ask for money, with QR codes replacing tin cups".

    Cant even throw a beggar a couple of yaun now for a cuppa
     
  6. bernardgreen

    bernardgreen

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    I don't think anyone voted to have Covid 19 imported into the UK
     
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  7. Mottie

    Mottie

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    If people go overdrawn because they overspend, that’s their problem whether it be by contactless, in-store purchasing, online purchasing, direct debits or standing order. Same as if they borrow cash they can’t pay back. It always has been.

    If people go overdrawn or have money taken out of their account because of a lost/stolen credit or debit card, the bank will reimburse them. I’ve already explained that to you. What are you actually arguing against?
     
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  8. Mottie

    Mottie

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    I've seen street buskers doing that over here for some time. Not new.
     
  9. Harry Bloomfield

    Harry Bloomfield

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    It has always been possible to spend money you simply didn't posses. Since money was invented it has always been possible to borrow. Business revolves around borrowed money and investment since the days when investment took place in coffee shops. Perhaps the difference now, is that more have access to larger sums and massive interest rates simply because they present a higher risk.

    All rather silly, because those high risk people would be much wealthier if they didn't live beyond their means.
     
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  11. gas112

    gas112

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    what are you rambling on about has anyone said its not of their own doing do you just like to bump your gums ?
     
  12. Mottie

    Mottie

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    Still can’t see what you are arguing about.
     
  13. gas112

    gas112

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    who is arguing ?
     
  14. gas112

    gas112

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    and what bit of its far easier these days for people to get into debt by spending money they havent got because of the increased use of cards and contactless are you struggling with ?
     
  15. Mottie

    Mottie

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    These days? Compared to what, 5, 10, 15 years ago? There’s no difference. Some people will always get into debt.
     
  16. catlad

    catlad

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    I just can't help feeling that mobile phones are going to be the key's to peoples lives in the future one way or another, without the freedom of cash.
     
  17. gas112

    gas112

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    which has been pointed out several times . You seem to be struggling with the definition of the word more and how much easier it is to get in debt now
     
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