knapplc wrote:All that can be handled by EFT. Put an app on your phone and you can make bets and pay them off all day long without ever once going to a bank or cash box.
13 year old kids have bank accounts (mowing yards part)? Or 5 year old kids (my kid started getting an allowance at 5 - and there's a huge difference in telling him he's got $20 and him actually having a $20 bill)?
And what's an "app"? Yes, I know what it is, but my phone isn't geared that way. I've still got an original Razr that does exactly what I want my phone to do (make calls!
), and I do not shell out for the internet capability on it. So "apps" don't apply to anyone who doesn't have a cell phone or for those that only have a cell phone for its actual use.
Not to mention those that are worried about "Big Brother" tracking every nickel they spend.
And of course the costs to set up a non-cash society are still far too great.
So no, cash will still be used plenty in our lifetimes.
josebach wrote:I know some people here are really against credit cards, but they can really be a useful tool if you're careful.
Not sure if I ever gave the impression that I'm against credit cards, so let me say I am not against credit cards.
And they are better to use for large ticket items, as carrying around a couple thousand in cash to buy a big screen television isn't really the best way to go.
I prefer cash though. It's more convenient for day to day life. I only commented in the thread due to the notion that cash will vanish at some point in the near future, because that just isn't going to happen for a multitude of reasons.
Yes doctor, I am sick.
Sick of those who are spineless.
Sick of those who feel self-entitled.
Sick of those who are hypocrites.
Yes doctor, an army is forming.
Yes doctor, there will be a war.
Yes doctor, there will be blood.....