1) I don't own a cell phone or I- pad or plan to buy one.
2) It should not be a prerequisite to purchase and maintain another electronic gadget just for the privilege of participating in normal economic activity.
3) The underground economy will be unaffected by such a move. A barter economy or underground currency will evolve instead.
4) There are serious privacy issues involved.
Therefore there is nothing to gain by moving from the current methods of payment.
Mark - 13 years ago
Privacy gone. Yes.
But my main concern is that I don't connect to my credit card. When I see my cash disappearing. I know to slow or stop spending. With my card, I get into trouble.
Also, I think they will just incentivize cards and charge extra for cash. We will 'voluntarily' move away from cash.
1) I don't own a cell phone or I- pad or plan to buy one.
2) It should not be a prerequisite to purchase and maintain another electronic gadget just for the privilege of participating in normal economic activity.
3) The underground economy will be unaffected by such a move. A barter economy or underground currency will evolve instead.
4) There are serious privacy issues involved.
Therefore there is nothing to gain by moving from the current methods of payment.
Privacy gone. Yes.
But my main concern is that I don't connect to my credit card. When I see my cash disappearing. I know to slow or stop spending. With my card, I get into trouble.
Also, I think they will just incentivize cards and charge extra for cash. We will 'voluntarily' move away from cash.