Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
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Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#2let me pay for everything with Monero; then I’d be ok with this change
Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#3Same here in Norway. I can only imagine the mayhem if the internet fell out for a couple of days.
Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#4The interesting component to this is what happens when the payment system $hits the bed.
3 weeks ago last friday and saturday in sydney the communications system underlying about 50% of all financial transactions (taxi card readers, many ATMs, many businesses) collapsed with the result that if you didn't have cash you couldn't make an exchange.
How robust do people really think these systems are? I certainly have no faith in a perfectly digital future (despite being heavily invested in it) - we are but one solar flare away from behaving like barbarians.
Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#5Related discussion 12 days ago: https://news.ycombinator.com/item?id=18422422 (403 points, 607 comments)
Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#6Cash = anonymity as credit card companies sell your data to Facebook and anyone else...
Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#7I see a lot of people worry about "what if the connectivity breaks," but truth be told, I had a lot more fuzz with physical money than digital. I put away a small sum as a contingency for exactly this scenario that I never used, and in fact, I had to go change that money to new bills because they became outdated. It's the same for my spare change; all the coins I accumulated over the years are now invalid. This could be seen as the physical equivalent of connectivity problems, and as far as I can tell, it happens a lot more frequently.
Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#8Same here in Norway. I can only imagine the mayhem if the internet fell out for a couple of days.
Or the lack of care once you get a small peak at who they sell all your information to, followed by a slap on the wrist because too big to fail now that society is fully dependent on it. Equifax anyone?
Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#9Same here in Norway. I can only imagine the mayhem if the internet fell out for a couple of days.
Ditto in Finland. I can imagine the Internet being largely 4G-based in the northern parts of Norway too? Luckily, most people born before 1990 still remember the basics of living in a society that isn't completely reliant on the Internet. :)
Re: Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’
#10Cash = anonymity as credit card companies sell your data to Facebook and anyone else...
I understand anonymity from my wife, but do credit card companies really sell your data? and Swish which is operated by the banks ?