Are the so-called benefits from "going cashless" really proven? Which country has done this? I'm starting a petition to make "payment preference cash" a protected characteristic under human rights law.
Who is asking for this?
What is their ulterior motive?
The March 1989 geomagnetic storm caused a nine-hour outage of Hydro-Québec's electricity transmission system. The onset time was exceptionally rapid. Luckily they didn't need power for their currency.
Then in 1998 a 33 day blackout happened: in some cases 3 inches of ice had built up on in a storm that took down 24,000 poles, involved 4,000 transformers, and downed or damaged 1,000 electrical pylons, causing more than 3,000 km of downed electrical conductor; this cost a total of C$800 million to repair. 90% of those affected by the blackout had no power for more than seven days, with the longest outage being 33 days. Although power was fully restored to all locations in Quebec by February 8, 1998, it wasn't until mid-March that the power facilities were back in service. By then, much social and economic damage had occurred, such as ruined food and deaths resulting from lack of electric heating.
Cashless maybe an attractive panacea for some authoritaria fascist governments, but going cashless for the hell of it is an absolutely horrendous idea, we must know what we are doing and why. Cashless is a very dangerous and lazy experiment considering the negative ramifications on law-abiding citizens who use it. Such a move is typically irreversible, especially during a power outage. Nobody is desperate for it to be urgently removed and it desperately must stay for fail-over reasons. Also bring back cheques for fucks sake. Cheques didn't hurt you did they? If they did... who are you, a bank? Banks deserve little or no sympathy. Are you a business? Businesses haven't accepted cheques for years in this country, but they made nice gifts sent by mail. I was very disturbed to learn our recent horrible and mentally retarded government has also been trying to meddle with cash.
Hands Off Cash Fools Slow The Heck Down
Horrified today to learn the submissions have closed, here is what I have to say on the matter.
Cash is used to great extent and is without equal used by/for:
- backup payment system works sans-electricity, sans-telecom network, and sans-bank computer
- cash still works after a swim in the ocean, the washing machine, or trip through an MRI machine
- used by the elderly for tactile arithmetic and psycho-simplicity / severe amnesia sufferers
- young people I would expect use it
- have you ever seen a lemonade stand with EFTPOS by the way?
- people without bank accounts... can go to hell? Really? Have you thought about this clearly?
- tourists should do what open an NZ bank account? Fees?
- bills taken home by travellers as souvenirs promote New Zealand
- blind people have a way to count their change and not become victims
- disabled people maybe find it useful (discrimination)
- buskers / street performers / lemonade stalls require it
- emergency donation requesting people / beggers (if this is why, then let's be honest and say it)
- if you wanna be pimp you're gonna need $10,000 bundle as a facial fan to keep cool
- maybe it gives children more counting skills? enables them trade with their friends at school
- people in need of privacy when they transact
- hookers and drug dealers
- coin operated machines would no longer work
- no country has done this without disasterous results
In 1860 a solar flare energised phone-lines, causing operators to rip out their earpieces in pain, and ignited fires all about the place. The same event today, if it wiped out all the power transformers (for example) would also wipe out cashless, putting us firmly back on cash, and possibly even back to cheques. In 2019, the global power transformer market was valued at $27.7 billion, reaching $50 billion by 2027.
- is a reliable piece of critical infrastructure that must not be destroyed!
You could argue some reasons why these fools are considering meddling in matters:
- high frequency gambling enthusiasts (I very much doubt it)
Why on earth would you want to take that away? A sensible step, prior to this, would be to fully and completely repeal The Misuse of Drugs Act, then proceed to tax on entry whichever part of $32 billion worldwide illegal drugs trade then became funnel through here. By not requiring a tax exit we'd have no idea where it's all going theoretically, could be great source of welding jobs, or of sub-marine building companies I dunno. NZ is a shipping nation. We can come up with a boat to move drugs to the world, just like in the America's Cup.
Also who asked you to ask cash money ala notes away? Seriously who asked you to do this?
How is cash hurting them? Ceasing trying to tax those earning less than 20k, and raise the tax-free income bracket to $20k.
The Carrington Event
The Carrington Event was the most intense geomagnetic storm in recorded history, peaking from 1 to 2 September 1859 during solar cycle 10. It created strong auroral displays that were reported globally and caused sparking and even fires in multiple telegraph stations.Posted by tomachi on December 5th, 2022 filed in News