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Canada 'sleepwalking' into cashless society, consumer advocates warn

cbc.ca

221–230 of 325 posts

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#221

Earlier quoted context omitted.

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Sleep deprivation is torture under the Geneva Convention. It's rightfully considered a war crime. You don't get to do that to other people. Not in my idea of a civil society.

I guess people living on Manhattan get tortured a lot between the fire truck horns and the police sirens.

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#222
post #136

Earlier quoted context omitted.

The dual-network cards are Visa/Mastercard "debit" cards, which look like a credit card but sometimes don't work like one. I never had a problem with my dual-network card when physically visiting the States, but for whatever reason, some online payment systems (especially ones in Canada) have trouble with it. And vendors are clueless as to what the problem is when the debit CC number fails to go through. Just recentl…

Why do you prefer debit over credit? Aren't the consumer protection benefits greater with credit cards?

I just want to pay for things. I'm not interested in spending money I don't have. And credit cards are obviously waiting to pounce on me if I forget to pay the balance, and charge an insane amount of interest. I don't need the added complication.

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#223
And panopticon surveillance and control over every move you make in life by corporations, small businesses, and governments. Want to tip the cashier or give money to the homeless window washer? No.

Also, AI social credit and precrime are just a nightmare away.

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#224

The comments and the article don't mention the positives of "cash"; Physical currency. And really, it's more trouble than it's worth. The number one benefit of going full cashless is just controlling inflation. It's MUCH easier to regulate supply if the supply isn't physical. Also it's expensive to make and expensive to maintain for little real benefit. And to solve the problem of vulnerable people not having economi…

> The number one benefit of going full cashless is just controlling inflation. It's MUCH easier to regulate supply if the supply isn't physical. To what extent is inflation influenced by the physical money supply? Isn't it just banks that control it at their discount window?

Not much at all. Most money has been just numbers on some ledger for a long time. And what people call money is just written promises on a piece of paper. The gold standard where those pieces of paper could be exchanged for that is also history at this point. And people physically moving lots of gold around as a means of payment of course stopped being a thing centuries ago.

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#225
post #162

Earlier quoted context omitted.

Get a grip. Honking is honking. Comparing it to "war crimes" like killing civilians makes little sense and is disingenuous[1]. [1] https://www.lesswrong.com/posts/yCWPkLi8wJvewPbEp/the-noncen...

Translation: "I don't live anywhere near the affected area, so I didn't experience it. If I had, I could have just left town for a while and waited for the whole thing to blow over. I don't see the problem."

It's possible to be against the protesters and/or think that they're unacceptably annoying, without trying to compare your plight to innocent civilians who were killed/raped by enemy soldiers.

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#226
post #149

Earlier quoted context omitted.

Totally fair. A better criticism of the government's choice might be whether or not the trucker protest constituted a legitimate emergency.

A court has ruled that it did not: https://nationalpost.com/news/politics/a-judge-ruled-trudeau...

And a public inquiry, which is mandated by the Act itself when it is invoked, said that it did:

* https://en.wikipedia.org/wiki/Public_Order_Emergency_Commiss...

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#227
post #213

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For businesses to deposit cash at RBC (the largest Canadian bank) here's an account that charges $2.50 per $1,000 (branch), $2.25 per $1,000 (ATM) https://www.rbcroyalbank.com/business/accounts/flex-choice-b... Which is ~0.25%. Presumably a cash register also has some amortization on it.

That does not include the cost of staff processing it.

And the cost of staff pocketing some of it, and the cost times risk of it being stolen, and the psychological impact to employees of the store being worth robbing...

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#228

Earlier quoted context omitted.

That seems like it would get complicated fast. Doesn't cash have its own additional handling costs that don't apply to credit card users? I'm not sure it's as easy as saying cash users are subsidizing anyone else.

For businesses to deposit cash at RBC (the largest Canadian bank) here's an account that charges $2.50 per $1,000 (branch), $2.25 per $1,000 (ATM) https://www.rbcroyalbank.com/business/accounts/flex-choice-b... Which is ~0.25%. Presumably a cash register also has some amortization on it.

That sounds like something that could be regulated away if the government felt like it.

Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#229

Earlier quoted context omitted.

> You seem to be trying to conflate blocking a road and honking your horn with violence... In order to defend fucking with non-violent protesters bank accounts directly (and very illegally). Do you want your movement to succeed? If yes, then don't piss off the non-members / the general public, and try to get them on your side. That is what MLK understood and did. That is what Nelson Mandela did not understand when he…

>“We do not need allies more devoted to order than to justice,” Martin Luther King, Jr.

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Re: Canada 'sleepwalking' into cashless society, consumer advocates warn

#230
post #208

Earlier quoted context omitted.

What happened in Canada strongly indicates that a cashless society is as bad as it sounds. China did it and, well, we don't have to guess what happened next. Canada, a Western country with lots of "freedoms", did what it did because those truckers, etc... were a "threat" to "democracy". I advocate for every form of payment to be conducted without restrictions: cash, deposits, debit, credit, crypto, etc... That's true…

> Canada, a Western country with lots of "freedoms", did what it did because those truckers, etc... were a "threat" to "democracy". Can you stop exaggerating for dramatic effect? You can agree with them all you want, but occupying public places for weeks in a highly disruptive normal is a threat, yes. Anywhere on the planet, try pulling the shit those people did (half of what they were protesting about didn't exist,…

"...forest for the trees" my friend. "...Forest for the trees...".
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