How cash is becoming a thing of the past. Banks charging small merchants more to use cash in Sweden.

[Bosa]

1 Billion people in india are registered by the government with retinal scan or finger prints to make cashless payments.

That's 1 billion potential clients for Adult? or lets say 800 million

[blackmonsters]

It's sad that you don't see the great evil in this.

It's an invasion of privacy that your every purchase is tracked.

[Grapesoda]

Originally Posted by blackmonsters

It's sad that you don't see the great evil in this.

It's an invasion of privacy that your every purchase is tracked.

yup, for sure BM

[Bosa]

Originally Posted by blackmonsters

It's sad that you don't see the great evil in this.

It's an invasion of privacy that your every purchase is tracked.

Yes, I don't understand. Your Bank has all this info already. What are you buying that you don't what anyone to know about. Drugs, hookers, porn. There is always Bitcoin. I mean shit, How do people pay on the darkweb?
How can anyone use your grocery list against you?

[Rochard]

My wife and I run a bricks and mortar business that is set up where nearly half of the money we take in is cash.... However, the problem is there is only so much you can do with cash....

[blackmonsters]

Originally Posted by Bosa

Yes, I don't understand. Your Bank has all this info already. What are you buying that you don't what anyone to know about. Drugs, hookers, porn. There is always Bitcoin. I mean shit, How do people pay on the darkweb?
How can anyone use your grocery list against you?

When you wake up one day and find out you can't get health insurance because you
went to the store and bought a pack of smokes for you neighbor; then you will understand.

All the information collected on you will be sold to insurance companies and anyone else who can pay for it.

When you lose that job because you bought over the counter Sudafed then you will figure out that your company has the info and they think Sudafed is only used to make Methamphetamine.

And then you'll get locked up until you can prove your payment device was stolen and you
never bought the questionable items.

Big Brothers excuse is always "What do you have to hide"; the answer is always
your identity that is always being stolen from the websites that keep telling you that
you have nothing to hide.

Identity theft fucks people up harder than ever today; because they have linked too much
of their life together.

[blackmonsters]

Originally Posted by Rochard

My wife and I run a bricks and mortar business that is set up where nearly half of the money we take in is cash.... However, the problem is there is only so much you can do with cash....

Try taking it to the bank first.

What kind of shit are you on?

[OneHungLo]

Originally Posted by blackmonsters

Try taking it to the bank first.

What kind of shit are you on?

Go bless your soul rochard!!!

[jscott]

Originally Posted by blackmonsters

It's sad that you don't see the great evil in this.

It's an invasion of privacy that your every purchase is tracked.

Bitcoin + Lightning Network privacy option = problem solved

[pimpmaster9000]

a cashless society would basically eliminate most crime and corruption...

[blackmonsters]

Originally Posted by jscott

Bitcoin + Lightning Network privacy option = problem solved

Should I buy the Bitcoin with my credit card or cash?

[jscott]

Originally Posted by blackmonsters

Should I buy the Bitcoin with my credit card or cash?

LocalBitcoins or OTC

[blackmonsters]

Originally Posted by crucifissio

a cashless society would basically eliminate most crime and corruption...

Yeah right.
That's why nobody ever stole any cryptocurrency.




https://www.cnbc.com/2018/06/07/1-po...asy-to-do.html

$1.1 billion in cryptocurrency has been stolen this year, and it was apparently easy to do

[jscott]

How much of that crypto was stolen from exchanges? All of it?

Hold your own Bitcoin keys. It will be safe. Math is king.

[blackmonsters]

This guy never touched even one cash dime of the money he stole; so cash had nothing to
do with his crimes.

[blackmonsters]

Originally Posted by jscott

How much of that crypto was stolen from exchanges? All of it?

Hold your own Bitcoin keys. It will be safe. Math is king.

Keep dreaming that Bitcoin transactions can't be tracked.
That's bullshit.

https://bitcoinist.com/yes-your-bitc...-are-doing-it/

[Rochard]

Originally Posted by blackmonsters

Try taking it to the bank first.

What kind of shit are you on?

Let's just pretend I don't pay taxes on most of the cash that comes in... The problem becomes how to spend the cash. It sounds really simple but it's not.

[Busty2]

Originally Posted by Rochard

However, the problem is there is only so much you can do with cash....

I paid off a bank boat mortgage with £74,000 in cash, just walked in and emptied a suitcase on the manages desk. He look surprised but what could he do, he just counted it thanked me and i left. So if you have issues with cash send it my way i have a bank in the UK that have known me for 40 years they will be happy to take it

[jscott]

I know about Chainalysis. Ofc Bitcoin can be tracked, it's a public ledger. If you really want privacy, use Monero (XMR), have you tried? 100% of transactions are private.

Also look into a coin mixer wallet. And Lightning is going to have privacy option available. Still developing. It'll take time but it's happening

[pimpmaster9000]

Originally Posted by blackmonsters

This guy never touched even one cash dime of the money he stole; so cash had nothing to
do with his crimes.

I said most crime not all crime....how would you rob a bank?...how would you kidnap somebody?...how would you take payment for stolen goods?...how would you sell drugs?...how would crime organizations function?...what could a professional criminal do? steal what to sell for what?...

bitcoin is not the answer...1 in 100 knows how to fund a wallet...you may as well take payment in cow hides...

[jscott]

Originally Posted by crucifissio

bitcoin is not the answer...1 in 100 knows how to fund a wallet...you may as well take payment in cow hides...

Custody shit developing every day.

few hours ago: https://bitcoinist.com/bakkt-is-purs...trust-license/

yesterday: https://www.ccn.com/nyse-linked-bitc...or-acquisition

I wouldn't suggest using any custody services, but they're becoming available as we speak.

[blackmonsters]

Originally Posted by Rochard

Let's just pretend I don't pay taxes on most of the cash that comes in... The problem becomes how to spend the cash. It sounds really simple but it's not.

That's what money laundering is for.

Drug dealers don't care that ACEM Widget Store doesn't accept cash; and will still
use cash amongst themselves and trade it with foreign entities who want to buy cash.

[ilnjscb]

Originally Posted by blackmonsters

When you wake up one day and find out you can't get health insurance because you
went to the store and bought a pack of smokes for you neighbor; then you will understand.

All the information collected on you will be sold to insurance companies and anyone else who can pay for it.

When you lose that job because you bought over the counter Sudafed then you will figure out that your company has the info and they think Sudafed is only used to make Methamphetamine.

And then you'll get locked up until you can prove your payment device was stolen and you
never bought the questionable items.

Big Brothers excuse is always "What do you have to hide"; the answer is always
your identity that is always being stolen from the websites that keep telling you that
you have nothing to hide.

Identity theft fucks people up harder than ever today; because they have linked too much
of their life together.

He is absolutely correct. Only an idiot does not recognize that at some point a power you DON'T agree with will control this.

[blackmonsters]

Originally Posted by crucifissio

I said most crime not all crime....how would you rob a bank?...how would you kidnap somebody?...how would you take payment for stolen goods?...how would you sell drugs?...how would crime organizations function?...what could a professional criminal do? steal what to sell for what?...

bitcoin is not the answer...1 in 100 knows how to fund a wallet...you may as well take payment in cow hides...

You're out of your mind if you think bank robbery is committed more than embezzlement.
Wire fraud has nothing to do with cash and that happens 1000's times more than any crime you mentioned.

Corrupt CEO's don't use a wheel barrow to roll away the company cash; they write a check to themselves.



Crooks can sell stolen stuff all they want without cash already.
They do it on Ebay right in your face.

Your arguments fail because the non-cash money is tracked buy not the merchandise;
therefore the merchandise is labeled as legal stuff and sold using non-cash methods
with ease.

You are just pulling the curtains together and claiming you have extinguished the sun.

[Sly]

Would definitely not admit or even joke that my business doesn't claim its cash income on a public message board with folks that have the knowledge and lack of restraint to fuck with a guy.

[Rochard]

Originally Posted by Busty2

I paid off a bank boat mortgage with £74,000 in cash, just walked in and emptied a suitcase on the manages desk. He look surprised but what could he do, he just counted it thanked me and i left. So if you have issues with cash send it my way i have a bank in the UK that have known me for 40 years they will be happy to take it

And then... Then the IRS (or whatever you have in the UK) does a routine audit and they discover you have been paying license fees on a boat you never purchased....

[blackmonsters]

Originally Posted by Rochard

And then... Then the IRS (or whatever you have in the UK) does a routine audit and they discover you have been paying license fees on a boat you never purchased....

That might happen to you; but the rest of us have enough brains to not leave the bank until we get a bill of sale for the boat.

[Nitzer Ebb]

Counting cash requires more men power, so they charge more. And money laundering isn't Scandinavian thing. We are raised differently.

[BaldBastard]

I haven't paid myself wages in 20 years, sure its for tax reasons and that I'm an ex gambler but reality is I don't use cash, wife's just been in NZ for 2 weeks, left 20 dollars for me its still in my wallet a week after her return. In NZ especially credit cards aren't used but debit cards off your bank account for everything.

The HUGE difference is American service industry revolves around tipping, and a tip that's traceable via bank transaction, is not a great tip at all, still nice ;) just not as good as cash.

[blackmonsters]

Originally Posted by MrBaldBastard

I haven't paid myself wages in 20 years, sure its for tax reasons and that I'm an ex gambler but reality is I don't use cash, wife's just been in NZ for 2 weeks, left 20 dollars for me its still in my wallet a week after her return. In NZ especially credit cards aren't used but debit cards off your bank account for everything.

The HUGE difference is American service industry revolves around tipping, and a tip that's traceable via bank transaction, is not a great tip at all, still nice ;) just not as good as cash.

I can accept cash without paying any fees.
And if fees didn't mean much to merchants then they wouldn't have minimum CC purchase amount posted at the register.

[Sly]

Originally Posted by blackmonsters

I can accept cash without paying any fees.
And if fees didn't mean much to merchants then they wouldn't have minimum CC purchase amount posted at the register.

Fees are a huge deal to merchants. Most don't realize how much those transaction fees start stacking up.

It's easy to see why many local businesses prefer cash. May they be skirting taxes? Sure, absolutely possible and also plausible. But saving fees of 2-4% per transaction by taking cash, hell yeah they want that.

We have a popular liquor chain here that gives 5% off for cash or debit. (Debit is cheaper than credit.)

I've been doing cash more myself mainly because it's faster. Waiting for someone to swipe, sign, acknowledge a card, bleh.

[BaldBastard]

Originally Posted by blackmonsters

I can accept cash without paying any fees.
And if fees didn't mean much to merchants then they wouldn't have minimum CC purchase amount posted at the register

that's because they can get away with it, Government here had a huge clam down on banks and these sort of fees, and I'm sure there still some fees there but nothing like it used to be. Amex finally dropped all their fees and now everyone accepts.

Back in the early days of online, everyone used to send cheques and processing a foreign cheques here took time, I used to go to the bank once a week with 5-15 cheques, I'd be at the bank 30 minutes too two hours depending on the dipshit I was dealing with, I wrote off half a days work on banking day. Flip forward to 2019 and I've had to go to the bank once.. in the past 2 years, its not due to lack of income, just everyone direct transfers.

Incidentally the local bank used to have about 30 staff and now it has 2, with 10 machines that do everything, except of fucking course processing foreign checks hehe.

Most people here that use cash, get it from the supermarket checkout, your always asked if you want a cash withdrawal.

USA will go more cashless but nothing like other countries, simply due to tipping.

[Busty2]

Originally Posted by Rochard

And then... Then the IRS (or whatever you have in the UK) does a routine audit and they discover you have been paying license fees on a boat you never purchased....

Ha ha ha it docent work like that in the UK or at least it didn't then. Like i said i can unload the cash if it helps you out no problem

[Bosa]

Originally Posted by blackmonsters

I can accept cash without paying any fees.
And if fees didn't mean much to merchants then they wouldn't have minimum CC purchase amount posted at the register.

America is 100 years behind Europe and even Russia and Ukraine with Mobile pay and contactless credit cards tap to pay. We had a old card with no chip only for swipe and the cashier didn't even know how use it. In Russia you can pay everything by kiosk they are everywhere (payment only atm) or online. No need for cash. No minimum fees.

[Busty2]

Originally Posted by Bosa

America is 100 years behind Europe and even Russia and Ukraine with Mobile pay and contactless credit cards tap to pay. We had a old card with no chip only for swipe and the cashier didn't even know how use it. In Russia you can pay everything by kiosk they are everywhere (payment only atm) or online. No need for cash. No minimum fees.

Very true i had credit cards in the UK around 1990 with security chips on all my Lloyds accounts.

[Bosa]

11 YEARS LATE, CONTACTLESS CREDIT CARDS FINALLY COMING TO AMERICA

https://www.ft.com/content/445a308c-...1-cd4d49afbbe3

https://www.godsavethepoints.com/201...ch-chase-visa/

[blackmonsters]

Originally Posted by Bosa

America is 100 years behind Europe and even Russia and Ukraine with Mobile pay and contactless credit cards tap to pay. We had a old card with no chip only for swipe and the cashier didn't even know how use it. In Russia you can pay everything by kiosk they are everywhere (payment only atm) or online. No need for cash. No minimum fees.

You live in a bubble without a clue about the rest of the world.

There ain't no fucking credit cards in this neighborhood :

[Rochard]

Originally Posted by blackmonsters

That might happen to you; but the rest of us have enough brains to not leave the bank until we get a bill of sale for the boat.

Again, you are missing my point. You would have the bill of sale. But when the IRS sees you own a $50k boat that you don't have a loan for and didn't write a check for..... Then they will have questions.

[k0nr4d]

Poland is still heavily cash-based. ALOT of transactions are done in cash - even buying cars. My dad came here to visit from Canada and he was shocked that he could exchange currency without showing ID or anything. He said if he pulls out 1k from his bank in cash they start asking him "what do you need so much cash for?". I pulled out 30k euro in cash before and was only asked to call in advance next time to make sure they have funds on hand.

[Klen]

Originally Posted by k0nr4d

Poland is still heavily cash-based. ALOT of transactions are done in cash - even buying cars. My dad came here to visit from Canada and he was shocked that he could exchange currency without showing ID or anything. He said if he pulls out 1k from his bank in cash they start asking him "what do you need so much cash for?". I pulled out 30k euro in cash before and was only asked to call in advance next time to make sure they have funds on hand.

I am quite sure it's same in every EU bank. It's none of their business what you doing with your cash.

[blackmonsters]

Originally Posted by Rochard

Again, you are missing my point. You would have the bill of sale. But when the IRS sees you own a $50k boat that you don't have a loan for and didn't write a check for..... Then they will have questions.

You keep trying to explain how you can't commit crime without cash; but please realize
that, just like most people, most crooks are also smarter than you.

[blackmonsters]

I have to give Rochard massive credit for taking shit from me and others yet he never stoops to our level of insults and dumbfuckery.


To Rochard :

[SBJ]

Originally Posted by Rochard

Again, you are missing my point. You would have the bill of sale. But when the IRS sees you own a $50k boat that you don't have a loan for and didn't write a check for..... Then they will have questions.

yup, I remember the movie "Say Anything" and the IRS guy telling the daughter to look around her dad's house.. do you see a lot of nice things that are under $10k that he bought with all cash? He had a Wurlitzer Jukebox and tons of nice things.

Don't fuck with the IRS

I still carry $200 in cash just in case I need it. I hate my small town gas stations only take cash for lottery.

[CurrentlySober]

I haven't had any cash for years anyway. Im skint...

[Look Chang]

Card payment is not yet widespread for some professions ...

[HairyChick]

Originally Posted by blackmonsters

I can accept cash without paying any fees.
And if fees didn't mean much to merchants then they wouldn't have minimum CC purchase amount posted at the register.

It’s against card regulations to insist on a minimum purchase or charge a fee for use of a credit card. If any fee is charged, call your credit card company and get a credit on your account. I used to use Amex at a Chinese restaurant and told the owner it wasn’t permitted to charge a fee. He kept doing it until he lost his account. He never understood the terms but I explained and intervened. Got his account back and free food for years. They had no interpreter at that time and agreed that they would have to get one. The owner thought that it was okay and I felt bad for him.

Unfortunately it business closed but reopened by the family. New cooks were not good and it closed after forty years.

Rumors of vermin didn’t help

[Bosa]

SWEDEN GOES CASHLESS
Countries like Denmark and Norway top the adoption of cashless payments, but the clear Scandinavian leader in becoming the first cashless country is Sweden. Swedes have taken to cashless payment wholeheartedly. If you visit Sweden, be sure to take your credit card or mobile phone with you. Only 15% of payments involve cash transactions, and it’s rare that a person will be limited to paying with cash. A popular mobile payment app, Swish, used by half of the country’s 10 million population, enables payment transfers to people and businesses.


Sometimes it’s even difficult to use cash in Sweden. Drivers of Swedish buses no longer accept coins or banknotes. The ubiquitous use of debit and credit cards by Swedes has led many stores to no longer accept cash. Their motivation? Speedier service and creating a safer environment. Storeowners believe the removal of cash lowers the risk of robberies. It also saves them valuable time dealing with cash, which many banks have stopped accepting. Banks have also stopped dispensing cash and removed their ATMs.

Countries like Denmark and Norway top the adoption of cashless payments, but the clear Scandinavian leader in becoming the first cashless country is Sweden. Swedes have taken to cashless payment wholeheartedly. If you visit Sweden, be sure to take your credit card or mobile phone with you. Only 15% of payments involve cash transactions, and it’s rare that a person will be limited to paying with cash. A popular mobile payment app, Swish, used by half of the country’s 10 million population, enables payment transfers to people and businesses.


In the UK, credit/debit cards, contactless and online payments have taken over cash payments. Increasing the British population reports they never carrying cash, and they don’t appear to need to either. Like Sweden, cash is no longer accepted on public transport in the UK, and a large number of ATMs have ceased operating. Travel around the UK and you’ll see the sign for contactless, referred to by locals as tap and go, everywhere.

UK IS ALL ABOUT CONTACTLESS

But it’s not only online shopping, big purchases and bills that are cashless. The British use their cards for anything they can, including micro payments like coffee or a bag of chips. Mobile payments are also becoming increasingly common, and surprisingly are seen being used more often in pubs, bars and restaurants, places where cash was traditionally used.

CHINA IS MAD ABOUT QR CODES

Another contender for the first cashless country in the world is in China. Home to the world’s largest cashless market, and unlike Scandinavia the Chinese scene is dominated by scannable QR codes. The Chinese have largely skipped mass credit card adoption and have instead embraced QR codes. The main players are Alibaba’s Alipay, and WeChat, owned by Tencent, and has also been taken up by China UnionPay, who were the main providers of debit cards before the mass adoption of mobile payment.

Everywhere you go in China you will see QR codes: supermarkets, amusement parks, temple donations, and market vendors all ask for payment this way. Even traditional New Year’s gifts, which include a monetary gift, now contain digital payments instead of cash. The benefits for the smaller players count. For taxi drivers, it means avoiding robbery or receiving counterfeit notes. For street vendors it means they don’t have to carry or give change. And the QR code trend is spreading. In Japan and Finland, where lots of Chinese travel, have started accepting QR codes.



Cashless India

[blackmonsters]

You promote this stuff on this site like a foreign agent trying to influence Americans into your slave system of evil.

[King Mark]

I know this is probably a bad thing. But i cant bring myself to care. I have no reason to hide my purchases. I dont buy illegal shit other than weed. No worries for me.

Im also at a point in life where cash annoys me and i avoid it. I often forget i have cash in my wallet for months.