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Getbig Main Boards => Politics and Political Issues Board => Topic started by: MB_722 on October 13, 2007, 01:29:36 PM

Title: Will cash become obsolete?
Post by: MB_722 on October 13, 2007, 01:29:36 PM

think it will happen?

Title: Re: Will cash become obsolete?
Post by: Hugo Chavez on October 13, 2007, 01:44:39 PM

If those behind the case for total information awareness have any say it will.

Title: Re: Will cash become obsolete?
Post by: 240 is Back on October 13, 2007, 02:05:12 PM

there will always be tens of millions of poverty-level consumers who use it. 

it makes business more efficient and does give big brother more info on you, it's true.

but cash will always be here.  maybe not 200 years down the road.  But you can't exactly sell drugs on credit. 

Title: Re: Will cash become obsolete?
Post by: Butterbean on October 13, 2007, 02:10:34 PM

Quote from: MB_722 on October 13, 2007, 01:29:36 PM

think it will happen?

I believe yes.

Quote from: 240 is Back on October 13, 2007, 02:05:12 PM

  But you can't exactly sell drugs on credit. 

That'll be one of the many reasons they give for getting rid of it.

Title: Re: Will cash become obsolete?
Post by: 24KT on October 13, 2007, 02:14:35 PM

Cash will never be obsolete. It may not exist in it's current form, ...but there will always be some immediate untraceable medium of exchange. Prison systems use cigarettes, mainstream society may turn to something else, ...but it will always exist.

Title: Re: Will cash become obsolete?
Post by: Hugo Chavez on October 13, 2007, 02:17:45 PM

Quote from: 240 is Back on October 13, 2007, 02:05:12 PM

But you can't exactly sell drugs on credit. 

sure you can.  I could think of at least one way to do exactly that right now, if cash was gone, all sorts of inventive illicit business practices would bloom.