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Cashless society

Exactly John De we have the same sort of set-up here. Coles and Woolies not a patch on the Indepenants. But the big two don't care otherwise we would have better service provided.
 
Can't imagine there would be a freebe in this hypothetical theough.
 
I'm late to this bunfight. I have 2 questions.

1. What page does it start on so's I can get up to speed and as with @wayneL get ignored by more ?

2. What has it all got to do with a Cashless Society ?

gg
 
I suppose you're right, once the EFTPOS facility goes down chances of using the credit card are dismal. Lucky we still use cash in the Australian economy.
No wonder disagree with me, you seem have trouble understanding nuance in a discussion, and prefer to misrepresent other peoples arguments to make your self feel better rather than try and understand what they are actually saying.

I DID NOT say - Credit cards will NEVER an issue when the banking system goes down.

Rather the nuance of the discussion was about what the future might look like, I was simple suggesting some technologies that might be used to over come some of the short falls and weaknesses in the system, some which are already being used to some extent and some that could be used more I the future.

I also pointed out some of the benefits that cashless systems have over cash, and some of the weaknesses of cash.

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But, I am kinda done with this discussion with you, not much point in wasting time discussing details if you aren’t Taki g the time to think about what I am actually saying.

It’s like explaining to some one the details of how a super charger network could be rolled out and then them saying something stupid like but chargers don’t exist every where, luckily we still have petrol.
 
Future may see some form of digital hard wallet. Cash will always be a necessity unless the government wants social upheaval imo.

Ability to earn income streams at all levels are what keeps people engaged. I've seen too many simulations where income loopholes are plugged and engagement drops by a huge %
 
I don't think cash will be banned, it will be like horses, just less and less people will use it, and eventually it will be a cost benefit thing.
 
so how many angels do you think will be able to dance on a pin??
mick
Is that question directed at me?

If so I am not sure what you me, because as I showed the technology involved in processing transaction offline already exists, is already being used, is very simple and just needs to be expanded. As I said at least 7 years ago my old eftpos machine was capable of processing transactions offline.
 
Well how about that.

Bought fuel at a BP servo this afternoon, paid by card, and it didn't work. Took 4 attempts before it finally worked but the man behind the counter was starting to look worried.

I was quietly hoping it wouldn't work at all just to see what happens next, with this thread in mind.

So not a failure but a near miss of sorts. These systems aren't bulletproof.
 

I had the same issue Thursday night. Four of us went to the pub for dinner, my shout. Tapped the card and nothing happened, the bartender reset the EFTPOS and said that this “happens quite often with that bank”, again it didn’t work. After the fourth attempt I inserted the card & used my PIN.
Next round of beers & the same thing happened.
Used the card today an no problem.
 
I had a near miss the other day too, I went to the grocery store filled up the trolley, and was half way through check out when I noticed I had left my wallet at home. Luckily I can use my credit card via my phone, other wise I would have been screwed even if I had a $1000 in my wallet.

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If you are worried that your card might fail or you might lose your card one day, make sure you have added your credit card to your phone, it works a treat.
 
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