Cashless society

[frugal.rock]

I know plenty of Asian restaurants, bakeries that only deal in cas

Cash is king at Cabramatta.
Many shops there don't take card.

 

[mullokintyre]

From Evil and Biased Murdoch Press

Australia and New Zealand Bank and Commonwealth Bank, alongside a handful of other payments companies, have been selected by the Reserve Bank to take part in a pilot exploring the potential benefits of a central bank digital currency.
“We are delighted with the enthusiastic engagement by industry in this important research project. It has also been encouraging that the use case providers that have been invited to participate in the pilot span a wide range of entities in the Australian financial system, from smaller fintechs to large financial institutions,” he said.

“The pilot and broader research study that will be conducted in parallel will serve two ends – it will contribute to hands-on learning by industry, and it will add to policymakers’ understanding of how a CBDC could potentially benefit the Australian financial system and economy.”

Hmm, benefits to Who? The RBA? The Government? The 14 institutions themselves?
You can guarantee the general public will come last in the who does it benefit stakes.
mick

 

[frugal.rock]

Boycott plastic.
Use cash. Use it or lose it.
?

 

[Value Collector]

From Evil and Biased Murdoch Press

Hmm, benefits to Who? The RBA? The Government? The 14 institutions themselves?
You can guarantee the general public will come last in the who does it benefit stakes.
mick

Is the digital currency just going to be for institutional use eg between the central bank and the commercial banks, like some of the larger denominations of currency some countries have printed? Or is it actually going to be released to the public?


For example is it just going to be like the $100,000 US note, that was illegal for private citizens to possess, but was used behind the scenes in interbank transactions.

 

[mullokintyre]

Is the digital currency just going to be for institutional use eg between the central bank and the commercial banks, like some of the larger denominations of currency some countries have printed? Or is it actually going to be released to the public?


For example is it just going to be like the $100,000 US note, that was illegal for private citizens to possess, but was used behind the scenes in interbank transactions.
View attachment 153816

Why woud they bother?
its not like any of these institutions use cash between themselves.
Its all EFT already.
Mick

 

[Value Collector]

Why woud they bother?
its not like any of these institutions use cash between themselves.
Its all EFT already.
Mick

There is still a lot of physical cash that moves around to settle amounts between different banks and between the central banks and the commercial bank.

 

[divs4ever]

Rule no 1, always position yourself yourself upwind.
Mick

i prefer cross-wind when hunting ( seems to catch the intended targets off guard as well )

 

[farmerge]

i prefer cross-wind when hunting ( seems to catch the intended targets off guard as well )

I would prefer just standing back and watch someone else do the job.

 

[divs4ever]

I would prefer just standing back and watch someone else do the job.

only if it is being done properly ( which is probably why i resisted having employees )

i have lived through many versions of 'The Plank ' ( a rather old movie/comedy )

The Plank (1967) Classic British Comedy Film

While a shortened TV version is commonly available, this is the full-length film, although there does exist a slightly longer (only by 7 minutes) version. Featuring some of the most popular and well known British Comic Actors and Comedians of the time, 'The Plank' is a quirky comedy film written...

invidious.esmailelbob.xyz

 

[farmerge]

only if it is being done properly ( which is probably why i resisted having employees )

i have lived through many versions of 'The Plank ' ( a rather old movie/comedy )

The Plank (1967) Classic British Comedy Film

While a shortened TV version is commonly available, this is the full-length film, although there does exist a slightly longer (only by 7 minutes) version. Featuring some of the most popular and well known British Comic Actors and Comedians of the time, 'The Plank' is a quirky comedy film written...

invidious.esmailelbob.xyz

Loved The Plank never ages.
On the rare occasion that I did employ anyone using turned out as a dud. One bod in particular used to break the handle on a long handle shovel just to get out of using it. Fixed after I woke up to the stint, and always carried a coupe of spare handles.

 

[divs4ever]

Loved The Plank never ages.
On the rare occasion that I did employ anyone using turned out as a dud. One bod in particular used to break the handle on a long handle shovel just to get out of using it. Fixed after I woke up to the stint, and always carried a coupe of spare handles.

had a buddy that resorted to steel handles ( shovels , brooms and rakes ) ( for everybody , and still ended up with some bent handles )

but it is just as problematic working alongside such people ( as co-workers ) especially if there is time pressure on the task/project

The plank isn't so funny to me as it brings back memories of the past

 

[farmerge]

had a buddy that resorted to steel handles ( shovels , brooms and rakes ) ( for everybody , and still ended up with some bent handles )

but it is just as problematic working alongside such people ( as co-workers ) especially if there is time pressure on the task/project

The plank isn't so funny to me as it brings back memories of the past

Not walking the plank I hope. I've had a couple of spills offa the plant in days gone. My dad was a painter and it was second nature for him to be bouncing along a 16 foot plank, me always like to have one foot firmly planted on terra firma. Was never really happy standing on something about 9 inches wide.

 

[divs4ever]

Not walking the plank I hope. I've had a couple of spills offa the plant in days gone. My dad was a painter and it was second nature for him to be bouncing along a 16 foot plank, me always like to have one foot firmly planted on terra firma. Was never really happy standing on something about 9 inches wide.

one example was .. me cutting out the upper branches of a diseased tree ( about 30 foot off the ground ) co-worker finally gets the chainsaw started and drops one of the four trees marked to go ( of course you guessed which one ) and not only that but also sent the chainsaw back to the repair shop for a week leaving the other three trees unharmed

 

[frugal.rock]

Tongli Supermarket (Campsie, Sydney)
Cash handling at POS.
These are staffed checkouts.

 

[wayneL]

An Englishless society also?

 

[mullokintyre]

Tongli Supermarket (Campsie, Sydney)
Cash handling at POS.
These are staffed checkouts.

View attachment 153939

So, are they Asian stores by any chance?
Mick

 

[Dona Ferentes]

So, are they Asian stores by any chance?
Mick

Frugs has mentioned his wife b4.

 

[frugal.rock]

Tongli Supermarket

Yes, Asian groceries

Testimonial from Thomas Jin: Proprietor of Tongli Supermarkets - Brian Cummins Group Pty Ltd

Check out Brian Cummins Group latest blog posts, news, and projects here - Brian Cummins Group Pty Ltd

www.briancummins.com.au

 

[frugal.rock]

An Englishless society also?

Well, there's no "jolly gold ole' chap", but it's like plain salt or chicken salt; either, either or both.

 

[farmerge]

Tongli Supermarket (Campsie, Sydney)
Cash handling at POS.
These are staffed checkouts.

View attachment 153939

Interesting to see English and some form of monkey script alongside it. Is this area a high density import area where English is definitely way down the line as a spoken and written language?