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At the 9 minute mark, they said exactly what I think is going to happen and have said so in the bitcoin thread on numerous occasions.
I'm not saying it is right, but from my back to basic logics, it is the only answer I can come up with, a universal digital currency.
From the 29 minute mark, he starts talking about the cashless society, which we have a thread on the ASF forum on already, interesting listen. Good post @divs4ever :xyxthumbs
 
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From the 29 minute mark, he starts talking about the cashless society
When's the last time you made any significant purchase, or indeed any purchase at all, using cash?

For me, last time I can recall buying anything at all with cash was just before the pandemic so very early 2020 and that was a trivial amount.

Can't remember the last time I used an ATM but it was more than 3 years ago before I moved. I don't even know where the nearest one is actually, they're simply not something I pay attention to anymore.

Only reason I can think of why I'd use cash these days is if I wanted the purchase to be untraceable or it's something like an ice cream van that doesn't do EFTPOS. :2twocents
 
When's the last time you made any significant purchase, or indeed any purchase at all, using cash?

For me, last time I can recall buying anything at all with cash was just before the pandemic so very early 2020 and that was a trivial amount.

Can't remember the last time I used an ATM but it was more than 3 years ago before I moved. I don't even know where the nearest one is actually, they're simply not something I pay attention to anymore.

Only reason I can think of why I'd use cash these days is if I wanted the purchase to be untraceable or it's something like an ice cream van that doesn't do EFTPOS. :2twocents
i would rather not say

i don't hire security , and use my less than pristine appearance to deter everyone even the beggars

a little habit i picked up plying the race-courses as a teen ( when the 'legal age' was 21 )
 
When's the last time you made any significant purchase, or indeed any purchase at all, using cash?

For me, last time I can recall buying anything at all with cash was just before the pandemic so very early 2020 and that was a trivial amount.

Can't remember the last time I used an ATM but it was more than 3 years ago before I moved. I don't even know where the nearest one is actually, they're simply not something I pay attention to anymore.

Only reason I can think of why I'd use cash these days is if I wanted the purchase to be untraceable or it's something like an ice cream van that doesn't do EFTPOS. :2twocents
We use cash at every market and that means all fresh non processed foods...
This morning: avos, plants....and earrings for Froglette.
 
When's the last time you made any significant purchase, or indeed any purchase at all, using cash?
Even my 90 year old mother in law, who doesn't have a mobile phone, has now got a debit card and pays bills over the landline.
Before covid, she did everything in cash, like you said ages ago smurf this has moved technology along 10 years.
 
When's the last time you made any significant purchase, or indeed any purchase at all, using cash?

For me, last time I can recall buying anything at all with cash was just before the pandemic so very early 2020 and that was a trivial amount.

Can't remember the last time I used an ATM but it was more than 3 years ago before I moved. I don't even know where the nearest one is actually, they're simply not something I pay attention to anymore.

Only reason I can think of why I'd use cash these days is if I wanted the purchase to be untraceable or it's something like an ice cream van that doesn't do EFTPOS. :2twocents
We pay cash for *every non business purchase, food, clothes, petrol, booze, everything... *especially if they say card only. They always take the cash.
 
We pay cash for *every non business purchase, food, clothes, petrol, booze, everything... *especially if they say card only. They always take the cash.
Enjoy it while you can IMO. :xyxthumbs
I don't think cash will stop, just big denomination notes.
Like I said a couple of years ago, I was surprised in Norway, when it was 15% dearer to use cash.
 
Enjoy it while you can IMO. :xyxthumbs
I don't think cash will stop, just big denomination notes.
Like I said a couple of years ago, I was surprised in Norway, when it was 15% dearer to use cash.
I forgot a big cash spending.
Aldi makes you pay the extra card fee if you pay by card.so we always pay fully cash and that's usually above the 100$...
Save a couple of bucks a week , so that the Frog can blow $20k a month on his system trading...
no comment please..i am well aware
 
When's the last time you made any significant purchase, or indeed any purchase at all, using cash?
I reckon I haven’t used cash in over 3 years—in fact I’ve got about $100 cash in my wallet and pretty certain those notes have been there for years.

I put absolutely everything on my Amex—from the smallest transaction like a few bucks for a coffee through to bigger ticket purchase, I purchased a motorbike on my Amex.

I pay my card off diligently so not paying interest. I get 45 days interest free on my card’s balance plus I get points which add up quickly when you put everything through the card. No way I pay cash for anything
 
I reckon I haven’t used cash in over 3 years—in fact I’ve got about $100 cash in my wallet and pretty certain those notes have been there for years.

I put absolutely everything on my Amex—from the smallest transaction like a few bucks for a coffee through to bigger ticket purchase, I purchased a motorbike on my Amex.

I pay my card off diligently so not paying interest. I get 45 days interest free on my card’s balance plus I get points which add up quickly when you put everything through the card. No way I pay cash for anything
As most of our expenses now are rates and utilities, insurances etc, i actually use bpay more as these guys make you pay the fees and it is not worth the points. My big amounts on card have decreased.more or less the same as 10y ago but all cafe etc on paywave so cash for markets and Aldi, paywave for others day to day, direct credit or bpay for amounts above 300 400 dollars
 
As most of our expenses now are rates and utilities, insurances etc, i actually use bpay more as these guys make you pay the fees and it is not worth the points. My big amounts on card have decreased.more or less the same as 10y ago but all cafe etc on paywave so cash for markets and Aldi, paywave for others day to day, direct credit or bpay for amounts above 300 400 dollars
Wow…all my rates, household utilities, insurance etc all accept Amex with no credit card fee. Same with car expenses etc. I’m struggling to think when I was last change a transaction fee for payment by credit card ?
 
Wow…all my rates, household utilities, insurance etc all accept Amex with no credit card fee. Same with car expenses etc. I’m struggling to think when I was last change a transaction fee for payment by credit card ?
Just recently council rates water and electricity...my place plus IP, all fees on Credit card
and usually no amex.i had an amex and i think a visa with cba for years..was very hard to be able to use the amex.and was not a drama when cba moved to just a master card.
I somehow suspect you are in Sydney or Melbourne......?
 
Just recently council rates water and electricity...my place plus IP, all fees on Credit card
and usually no amex.i had an amex and i think a visa with cba for years..was very hard to be able to use the amex.and was not a drama when cba moved to just a master card.
I somehow suspect you are in Sydney or Melbourne......?
Sydney
 
?I have the belief that sydney rate payment system is more used to amex payments than Noosa or Sunshine coast....
Probably. Here’s the strange thing, there are several regular household bills we get that don’t accept Amex, but will happily take PayPal ? Guess what, my PayPal is linked to my Amex so just pay them via PayPal. No skin off my nose. But those clowns are probably paying a higher merchant fee via PayPal than they are by taking Amex direct. ?
 
Probably. Here’s the strange thing, there are several regular household bills we get that don’t accept Amex, but will happily take PayPal ? Guess what, my PayPal is linked to my Amex so just pay them via PayPal. No skin off my nose. But those clowns are probably paying a higher merchant fee via PayPal than they are by taking Amex direct. ?
Probably, i often use PayPal which goes to Mastercard for online purchase, but as you say they do not accept CC direct..whatever, it suits us?
 
Interesting article:
From the article:
Melburnians are leaving the city and heading for cheaper housing and lockdown-free life in the state’s regions and other parts of the country as the coronavirus pandemic up-ends migration across the country.
A record net 11,800 people left the nation’s capital cities in the three months to the end of March, the Australian Bureau of Statistics reported on Tuesday, with Sydney and Melbourne feeling the pandemic-fuelled drain.
Since the start of the pandemic, a net 22,651 people have left Melbourne for other parts of Victoria. In total, Melbourne has lost a net 34,366 residents, including 3682 who have made the move to Brisbane.
In the March quarter, a net 8300 people left Greater Melbourne compared to 8500 in the final three months of 2020. It was the second-largest quarterly drop in internal migration for Melbourne this century.

Victoria failed to make a net gain of residents from any state or territory over the three months, with its biggest loss, of 2900, to Queensland.
People in the prime of their working years are the biggest group moving out of Melbourne.
A net 2500 people aged between 25 and 44 left the city in the March quarter while 2800 aged between 45 and 64 took flight. They took with them 1800 children under the age of 14.

While Sydney and Melbourne shed residents, Brisbane and Perth are increasingly attractive to internal migrants. Brisbane has gained 16,300 people from other parts of the country since the start of the pandemic while Perth has gained 5072.

The ABS figures pre-date the latest Greater Sydney lockdown.
 
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