ForumMaster
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- Feb 24, 2005
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usually 100-150 NIS which is equal to about $22-$34. i don't usually spend it but it's there in case i need it.
Originally posted by: LikeLinus
I almost never have cash. Sometimes I'll hide a 20 or 50 inside my wallet for emergency cash, but there's no reason to carry around a bunch of cash now adays since debit cards are accepted basically everywhere.
Originally posted by: RichUK
To be fair i think they should faze out physical money, and everyone instead should use electronic payment. Obviously with secure procedures for payment. Like retinal scanners, lol maybe not that extreme but you know what I mean.
Originally posted by: PrinceofWands
Originally posted by: RichUK
To be fair i think they should faze out physical money, and everyone instead should use electronic payment. Obviously with secure procedures for payment. Like retinal scanners, lol maybe not that extreme but you know what I mean.
Should that occur you 'could' be looking at revolution. A LOT of people (myself included) require the security of being in total control of ones money. Going electronic invests 3rd parties and government with total control over ones assets. This is largely unacceptable. The only way it would work is if you physical hold a card or device which is unalterable from outside sources that tracks the amount of 'money' you have on you, AND allows for transfers of that money without chance of interference from outside sources (ie you wanna give some bum on the street $5 for a meal, that's between you and the bum, no one else should be able to learn of it).
Originally posted by: RichUK
Originally posted by: PrinceofWands
Originally posted by: RichUK
To be fair i think they should faze out physical money, and everyone instead should use electronic payment. Obviously with secure procedures for payment. Like retinal scanners, lol maybe not that extreme but you know what I mean.
Should that occur you 'could' be looking at revolution. A LOT of people (myself included) require the security of being in total control of ones money. Going electronic invests 3rd parties and government with total control over ones assets. This is largely unacceptable. The only way it would work is if you physical hold a card or device which is unalterable from outside sources that tracks the amount of 'money' you have on you, AND allows for transfers of that money without chance of interference from outside sources (ie you wanna give some bum on the street $5 for a meal, that's between you and the bum, no one else should be able to learn of it).
I know the security and privacy is a major factor. One which after reading your post makes me think twice about my original statement. However it will only be a matter of time before physical money becomes obsolete.
I suppose its quite an interesting subject.
Originally posted by: RichUK
I know the security and privacy is a major factor. One which after reading your post makes me think twice about my original statement. However it will only be a matter of time before physical money becomes obsolete.
I suppose its quite an interesting subject.