Sweden has the infrastructure to do this, so I don't see the problem other then cybersecurity.
It scares me that people are so willing to have every transaction of their lives stored on bank and/or government servers until the end of time, free for any government agent or hacker to peruse.
Wow, I was just reading about this yesterday for my politics assignment, not related to the news at all. They're literally almost cashless anyways and could do it.
Reminds me of Mondex.
Awesome idea but hard to make standard.
I like the move form physical to digital but as of now we still need to develop the technology in order to [i]completely[/i] wipe out physical money.
Progress.
I'm surrounded by primitives.
I feel sorry for all swede drug users, how will you pay your dealer now??
What if you're underage? How will you pay for everything considering banks don't give out debit cards until you're 18?
I don't want my money to be tracked everywhere. I love cash. Once everything is digital everything gets taxed.
edit: Read this: [url]http://www.ghacks.net/2012/03/19/who-in-their-right-mind-would-want-a-cashless-society/[/url]
And what about if you want to pay your neighbor for some favor? I don't want to write a check for everything.
This is a really bad idea. Too easy for Big Brotheresque abuse on the government's part.
As stated above with the drug dealer example.
Isn't it a bit nonsensical that money is electronically centralized so much? Back before computers I'm sure people didn't feel safe having no physical money and just some dude with a notepad to keep track of how much money you have
This sounds bad to me.
[QUOTE=Stormcharger;35225608]I feel sorry for all swede drug users, how will you pay your dealer now??[/QUOTE]
IOUs of course!
[QUOTE=Stormcharger;35225608]I feel sorry for all swede drug users, how will you pay your dealer now??[/QUOTE]
[IMG]http://www.alchemyofchange.net/wp-content/uploads/2011/05/Square-Credit-card-Reader.jpg[/IMG]
yes its for android too
[QUOTE=meppers;35225713][IMG]http://www.alchemyofchange.net/wp-content/uploads/2011/05/Square-Credit-card-Reader.jpg[/IMG]
yes its for android too[/QUOTE]
Too easy to track.
[QUOTE=gonedead0;35225723]Too easy to track.[/QUOTE]
There's always Bitcoin, huge pain in the ass for day to day transactions, but it's always there.
[QUOTE=Used Car Salesman;35225455]It scares me that people are so willing to have every transaction of their lives stored on bank and/or government servers until the end of time, free for any government agent or hacker to peruse.[/QUOTE]
how many people get their digital money stolen each year?
compare that to how many people get robbed in the street.
[QUOTE=Pantz76;35225676]This is a really bad idea. Too easy for Big Brotheresque abuse on the government's part.
As stated above with the drug dealer example.[/QUOTE]
I guess in an emergency they would have the power to do what Hitler did and take money straight from bank accounts.
[QUOTE=thisispain;35225876]how many people get their digital money stolen each year?
compare that to how many people get robbed in the street.[/QUOTE]Of course you're not going to have as many digital thefts as muggings, it's not prolific enough to catch a burglar's eye. Once this goes mainstream, I'll be you twenty dollars that digital thefts will be just as bad or worse than physical theft.
[QUOTE=Swebonny;35225562]I'm surrounded by primitives.[/QUOTE]
yeah dude that's cause you live in sweden lole
[QUOTE=ExplodingGuy;35225935]Of course you're not going to have as many digital thefts as muggings, it's not prolific enough to catch a burglar's eye. Once this goes mainstream, I'll be you twenty dollars that digital thefts will be just as bad or worse than physical theft.[/QUOTE]
robbing someone off the street is way easier than number sniffing. most big money is used and maintained on the internet yet people are still getting robbed on the street.
But this way if your assets are frozen or the system collapses you have no hope. I am all for digital but at least have a physical alternative. Also 100% electronic would make some transactions tedious and could also open doors for invasion of privacy. What about yard sales/flea markets? Also what about small children who don't have bank accounts? When I was a kid my parents would give me a quarter to get a toy out of the machine if I was good in the store, this could kill the bouncy ball trade.
[QUOTE=gonedead0;35225638]What if you're underage? How will you pay for everything considering banks don't give out debit cards until you're 18?[/QUOTE]
parents can get a atm/cash card for their children when they've reached the age of 13 iirc. it won't work for online purchases but it will work in card readers in Sweden.
the only time i use cash nowadays is when i purchase something that has a low price. normally i don't carry more than $20 in my wallet
[editline]21st March 2012[/editline]
however i don't how this happening in many, many years.
the reason busses stopped taking cash was because they were an easy target for robbers.
busses never gets robbed now
[QUOTE=Cuel;35226128]parents can get a atm/cash card for their children when they've reached the age of 13 iirc. it won't work for online purchases but it will work in card readers in Sweden.
the only time i use cash nowadays is when i purchase something that has a low price. normally i don't carry more than $20 in my wallet[/QUOTE]
But what if you just want to give a child a few dollars for their birthday? You would have to write their parents a check for them to let their child spend. Also what about charity sales, nobody would buy candy, cookies, etc. from an organization if they had to go through the trouble of swiping a card and entering a pin, that is assuming your local charities can afford card readers.
give the child a receipt that you've transfered money :v:
nah. i don't see this happening in a lot of years. cash won't just disappear and not work one day.
[QUOTE=Stonecycle;35225407]says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.[/QUOTE]
Something is happening in Sweden?
Quick, interview someone from ABBA!
A few months ago there was an article here about Ulvaeus's opinion of the [url=http://en.wikipedia.org/wiki/Slussen]Slussen[/url] redesign.
Does this mean we can finally start moving to a universal currency such as credits?
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