Cash will be dead in a decade

Discussion in 'Currencies' started by millededge, May 27, 2015.

  1. lurk@l0t

    lurk@l0t Active Member

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    Yeh and people who demand their RIGHT to privacy when transacting will simply move to using bitcoins instead of cash!
    So guvmnt will fail in stifling the human spirit seeking freedom...
     
  2. willrocks

    willrocks Well-Known Member Silver Stacker

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    If history shows anything, it shows there's always the 95%'ers who'll go along with anything, and everything the government tell them.
     
  3. FlashInThePan

    FlashInThePan Member

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    That's funny, I'm definitely going against that trend.

    Been moving back to cash as much as I can in all transactions, and most of the time benefit from it with the absence of transaction fees.

    Peoples eyes light up with cash and will often drop the price to make a cash sale.

    Try it everyone and buck the trend, it works for me.
     
  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    I am almost exclusively using cash. But unfortunately I think I'm a minority. Most people I know don't even carry any cash. Opting for credit cards, PayPass, Pay Wave ...

    The gov only needs more than 50% of people rejecting cash in order to push for its elimination.
     
  5. FlashInThePan

    FlashInThePan Member

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    Hence my call for the opposite.

    Its a power and control thing that is getting out of control. Once Govt are in debt, they are under the banks.
    The Banks want your capital flowing through there hands.
     
  6. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Can it really work in Australia?
    Many of the places I work in the bush don't have reliable water or power... let alone telecommunications for electronic transactions.
     
  7. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Pretty simple - If I cant go to any location in the world and buy any item of my choosing with cash (ie - the local currency in coin or note form) on 27th May 2025 then cash is deemed dead.
     
  8. willrocks

    willrocks Well-Known Member Silver Stacker

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    Yep, that's it.
     
  9. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    ha - was amending mine at same time as you did yours
     
  10. aleks

    aleks Well-Known Member Silver Stacker

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    Any place in the world is a pretty give call!

    Somalia? North Korea? and a whole heap of other really poor countries
     
  11. willrocks

    willrocks Well-Known Member Silver Stacker

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    Poorer countries are more likely to adopt cashless technology.
     
  12. aleks

    aleks Well-Known Member Silver Stacker

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    I agree in some circumstances, but to say EVERY country is a ballsy call and am pretty confidant you will be wrong
     
  13. -j-p-shmorgan

    -j-p-shmorgan New Member

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    I put 27th May 2025 on my calendar.
    Good luck you two. LMAO
     
  14. Golightly

    Golightly Well-Known Member Silver Stacker

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    I think they just mean by then Bitcoin will be how all payments are transacted
     
  15. dingobiscuit

    dingobiscuit New Member

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    I only really transited Moresby this year, a couple of nights in Mt Hagen and a few weeks out whoop whoop. In saying that Moresby seemed quite quiet and Hagen was pretty much the same. Some of the guys I have worked with in the past from the villages had gone AWOL panning for gold as worked dried up. Bit of a trade lull and reduction in mining will surely hit the place hard.
    Wontok work no got makem rascal plenty.
     
  16. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Yeah, well all the same

    'Dispela hab inat Mosbi long taim.'

    A mate who's up there in Lae said he saw the local police chief out on Road Blocks on Wednesday arvo demanding bribes so he could have drinking & gambling money for the Origin game that nite :/
     
  17. dingobiscuit

    dingobiscuit New Member

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    Yep no surprise with the cops there. Armed security were employed at one place to protect against rogue police that got drunk and tried to steal smokes lol.
    It is funny watching the news here and how easily people lose their minds in Australia and demand sackings and people step down over what may be a bit of a compromise but considered manners and common practice in other parts of the world by comparison. We live in a cotton wool country (but I love it).

    I wonder how cops will be bribed once this 'cash is dead'? ounces of bitcoin? :p
     
  18. -j-p-shmorgan

    -j-p-shmorgan New Member

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    10 years from now, cash will still be alive. Let the record show. lol
     
  19. willrocks

    willrocks Well-Known Member Silver Stacker

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    Do you mean physical notes (and possibly coins)?
     
  20. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Yes. They aren't going anywhere. Cash is king.
    Sure, the elites want all spending transactions recorded & documented and want to get rid of cash.
    Cash is the last piece of the control puzzle....but it just won't happen.
    The people like their cash, even if it keeps losing value.
    I assume the Fed will just keep doing it's QE until the dollar implodes on itself eventually.
    I'm sure it's only a matter of time...but I think 30+ years is more likely than within the next 10.
     

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