Cashless society

[houtman]

While I agree that a beer seller is wise to take cash, Pirate v Shape could well be just better marketing.

If there is only 2 beers available at a bar, one appealing to my inner pirate and the other to my inner shape, then it is always gonna be the pirate.

I’ve never tried one and had no idea of their genesis but always thought the label was a winner.

 

[JohnDe]

While I agree that a beer seller is wise to take cash, Pirate v Shape could well be just better marketing.

If there is only 2 beers available at a bar, one appealing to my inner pirate and the other to my inner shape, then it is always gonna be the pirate.

I’ve never tried one and had no idea of their genesis but always thought the label was a winner.

That is true. I was just giving examples to show that there are more aspects to how a business can increase income than just cutting costs to increase profits, cash was one example and the other was offering free games. Both cost money that the operator must weigh up.

 

[Value Collector]

I can see why you sold your business.

I can see why you build straw men, because you don't actually read what I wrote, I said I don't agree with either cash or credit fees. So maybe direct you stories towards the people charging credit card surcharges to their customers, rather than those pointing out that the businesses who want to pass along transaction costs might one day target cash handling costs.

Also, again for the record, I sold my business because I was a multi millionaire investor that didn't want a day job anymore and wanted to move interstate away from his business location, not because I failed at that business. In fact the year I sold my businesses I won the "Brand Champion award" for NSW, for the franchise I was involved in.

 

[JohnDe]

I can see why you build straw men, because you don't actually read what I wrote, I said I don't agree with either cash or credit fees. So maybe direct you stories towards the people charging credit card surcharges to their customers, rather than those pointing out that the businesses who want to pass along transaction costs might one day target cash handling costs.

It appears that you like to add derogatory remarks when you become frustrated.

I made no mention of fees, my comments are in regard to all the discussions in this thread and showing that business that refuse to accept cash may not be offering the service that customers want, and you can add to that those businesses adding fees to transactions.
A successful business is not all about cutting costs or adding surcharges & fees, but about offering customers what they want, even if that costs a little extra to accommodate.

 

[wayneL]

For what it's worth I will gladly take cash in my business and actually quite enjoy counting it

 

[Value Collector]

It appears that you like to add derogatory remarks when you become frustrated.

I made no mention of fees, my comments are in regard to all the discussions in this thread and showing that business that refuse to accept cash may not be offering the service that customers want, and you can add to that those businesses adding fees to transactions.
A successful business is not all about cutting costs or adding surcharges & fees, but about offering customers what they want, even if that costs a little extra to accommodate.

Actually I added the derogatory remark because for one it’s true, you keep misrepresenting my actual argument, and two you keep saying derogatory things to me like “I can see why you sold your business”

I have made no comments about whether charging for cash makes good business sense or not, so have no idea why you directed that story to me, or why you are bringing up customer experience etc hence why I said it was a strawman eg an argument against a point the other participant is not actually making.

As I have said I don’t agree with any surcharges, but the fact is they exist, businesses of many types charge them with the argument of covering costs.

My simple point is that cash handling isn’t free, so maybe one day these businesses will charge to handle cash.

 

[mullokintyre]

here comes those bloody angels again.
Mick

 

[JohnDe]

Actually I added the derogatory remark because for one it’s true, you keep misrepresenting my actual argument, and two you keep saying derogatory things to me like “I can see why you sold your business”

I have made no comments about whether charging for cash makes good business sense or not, so have no idea why you are directed that story to me, or why you are bringing up customer experience etc hence why I said it was a strawman eg an argument against a point the other participant is t actually making.

As I have said I don’t agree with any surcharges, but the fact is they exist, businesses of many types charge them with the argument of covering costs.

My simple point is that cash handling isn’t free, so maybe one day these businesses will charge to handle cash.

It is your prerogative to take peoples comments anyway that you want. However, I didn't misrepresent anything that you said, I was just making conversation that continued with one of my earlier comments "When & if Australia goes into recession, I wonder whether some businesses will continue to refuse cash payments." And which you commented on.

 

[farmerge]

It is your prerogative to take peoples comments anyway that you want. However, I didn't misrepresent anything that you said, I was just making conversation that continued with one of my earlier comments "When & if Australia goes into recession, I wonder whether some businesses will continue to refuse cash payments." And which you commented on.

Gents perhaps its time to call time on this particular thread.

 

[JohnDe]

Gents perhaps its time to call time on this particular thread.

Gents? You're not the democracy manifest gent are you?

 

[farmerge]

Gents? You're not the democracy manifest gent are you?

Most definitely NOT.
Time to bale out for the kip.

 

[Value Collector]

It is your prerogative to take peoples comments anyway that you want. However, I didn't misrepresent anything that you said, I was just making conversation that continued with one of my earlier comments "When & if Australia goes into recession, I wonder whether some businesses will continue to refuse cash payments." And which you commented on.

Ok, any way I think I have said all I can say on the topic, I am not to interested in arguing points I wasn’t making.

But it did occur to me that you may have thought my comment was derogatory because you weren’t familiar with the term “strawman argument”

So here is an explanation of it, it’s one of the logical fallacies one can fall into when debating, I want trying to be deliberately degrading to you.

 

[moXJO]

While I agree that a beer seller is wise to take cash, Pirate v Shape could well be just better marketing.

If there is only 2 beers available at a bar, one appealing to my inner pirate and the other to my inner shape, then it is always gonna be the pirate.

I’ve never tried one and had no idea of their genesis but always thought the label was a winner.

Maybe the toff under-age market pays in cash

 

[sptrawler]

Bloomberg - Are you a robot?

www.bloomberg.com

Top Australia Banks Part of Central Bank Digital Currency Pilot​

• ANZ, Commonwealth Bank working on pilot scheme with RBA
• Report expected around mid-2023 on project’s progress
• ANZ Group Holdings Ltd. and Commonwealth Bank of Australia Ltd. are among leading participants in a pilot project exploring use cases for a central bank digital currency.
  
  The banks are working with the Reserve Bank of Australia to look at how a CBDC can provide the country with economic benefits, according to an RBA statement Thursday.
  
  “Two areas where we see the most potential are real asset tokenization and smart payments, and we have chosen to explore use cases in those domains,” said Sophie Gilder, Commonwealth Bank managing director for blockchain and digital assets. “It is essential that Australia continues to build our capabilities in this key area of finance and explore the possibilities of emerging technologies.
• 
  
• Central banks around the world are exploring the future of digital-asset technology, with the speed and cost of real time interbank payments a key area of interest. A report on the Australian project is expected to be published around the middle of the year.

And on a similar theme:

Bloomberg - Are you a robot?

www.bloomberg.com

Bank of England Deputy Governor Jon Cunliffe said a new digital version of the pound could help protect consumers in the event of a failure in the banking system, adding to arguments in favor of a project make a form of cash usable online.

The official said that consumers are already living “in an era of instantaneous bank runs” where depositors can move money quickly to another institution if they’re worried about the solvency of the bank where they keep deposits.

 

[qldfrog]

Bloomberg - Are you a robot?

www.bloomberg.com

Top Australia Banks Part of Central Bank Digital Currency Pilot​

• ANZ, Commonwealth Bank working on pilot scheme with RBA
• Report expected around mid-2023 on project’s progress
• ANZ Group Holdings Ltd. and Commonwealth Bank of Australia Ltd. are among leading participants in a pilot project exploring use cases for a central bank digital currency.
  
  The banks are working with the Reserve Bank of Australia to look at how a CBDC can provide the country with economic benefits, according to an RBA statement Thursday.
  
  “Two areas where we see the most potential are real asset tokenization and smart payments, and we have chosen to explore use cases in those domains,” said Sophie Gilder, Commonwealth Bank managing director for blockchain and digital assets. “It is essential that Australia continues to build our capabilities in this key area of finance and explore the possibilities of emerging technologies.
• 
  
• Central banks around the world are exploring the future of digital-asset technology, with the speed and cost of real time interbank payments a key area of interest. A report on the Australian project is expected to be published around the middle of the year.

And on a similar theme:

Bloomberg - Are you a robot?

www.bloomberg.com

Bank of England Deputy Governor Jon Cunliffe said a new digital version of the pound could help protect consumers in the event of a failure in the banking system, adding to arguments in favor of a project make a form of cash usable online.

The official said that consumers are already living “in an era of instantaneous bank runs” where depositors can move money quickly to another institution if they’re worried about the solvency of the bank where they keep deposits.

Last sentence clearly indicates that the aim would be to prevent a bank run..aka lock you from accessing your money unless gov or banks agree to

 

[Value Collector]

While I agree that a beer seller is wise to take cash, Pirate v Shape could well be just better marketing.

If there is only 2 beers available at a bar, one appealing to my inner pirate and the other to my inner shape, then it is always gonna be the pirate.

I’ve never tried one and had no idea of their genesis but always thought the label was a winner.

I thought Pirates drink Rum ?, I am not sure I like these modern craft beer drinking scallywags.

 

[JohnDe]

I thought Pirates drink Rum ?, I am not sure I like these modern craft beer drinking scallywags.

A decent pirate drank anything that they got their hands on, including rum, wine and Gin, as the first pirates came from the England they preferred gin.

The Royal navy preferred a 4:1 water to rum ratio

If high alcohol beer is required what about a Limeburner -

ABV: 10.5%

Every good beer and whisky tells a story, one that begins with malt and water. That's where the similarities end and the stories head in different directions.

Where beer enjoys a cool, calm and short-lived journey, whisky's path is one of patience and measure with the barrels aged for years at a time. Within this beer these two tales weave themselves back together.

Pour it with relish, and be greeted by the sublime, silky oak barrel scent of fine malt whisky, vanilla, peat smoke, pine needles and chocolate coated honeycomb.

Take a sip and the palate reveals the rich, decadent stout you'd expect, but with a surprising umami quality, sweet spice and gentle acidity.

Like a great whisky, this beer transforms as it slowly warms in your glass. Those with patience will discover that much like ageing whisky in a barrel, if kept in a cool, dark place this Stout will continue to evolve and surprise.

 

[Garpal Gumnut]

Not bad, the CWA, Bitcoin, Angels, sun flares and casino chips all on the 1 page.
This could have the makings of a Dan Brown novel.

I was chatting to an owner of a stall at the local markets, he sells coffee beans and coffee, there is generally a queue for his products and he is on top of his game.
His takings have gone from 83% cash pre-covid to 85% card now with no sign of a return to cash.

There are a lot of hidden costs with cash as a business owner, theft(both by staff and break ins), time spent counting, trips to banks, storage etc.
I keep some cash stashed for emergencies.

A service fee for cash can't be too far away.

You forgot turkeys were on that page as well.

Anyone who tries to charge more for cash is out of their minds.

Cash is king. Always has, always will be, except for Gold if ole Biden presses the wrong button when he gets lost in his bathroom.

gg

 

[Value Collector]

Cash is king. Always has, always will be, except for Gold if ole Biden presses the wrong button when he gets lost in his bathroom.

gg

I never charged my customers any fees regardless of payment, But Cash was definitely not king IMO, I much preferred card payments.

 

[Value Collector]

.

The Royal navy preferred a 4:1 water to rum ratio
-

Yep, thats where the word "Grog" comes from, the term "Grog" was originally used for watered down Rum.