The end of cash?

[Chz]

Again, banks charge businesses a percentage for cash deposits. You can't avoid the creaming off as a business unless you operate purely in cash stashed under your mattress.

 

[kabbes]

Help me work this out....

if there is an island with a million pounds of cash circulating on it and no outside money comes in or out, that money would just go round and round in some fashion.

if there is no cash but the million pounds is held digitally and every time there is a transaction 1% is taken off and given to person outside the island (peter thiel) over time the amount of actual money on the island would reduce to zero. Is that right? I appreciate 1% is more than currently getting charged

I'm just wondering how much our real world cash economy is shrinking each year as percentages get creamed off, and how much that would be if a country really was cashless.

??

This isn’t how money works. At all.

 

[Silas Loom]

This isn’t how money works. At all.

It’s a coherent scenario, though, with interesting hyper-deflatory consequences in which transactions and investment are deferred as long as possible.

 

[moochedit]

Yes, if I pay cash for a big amount, I always ask if there is a cost difference between cheque/card and folding stuff. Due to payment method, the new radiators went from two grand to eighteen hundred.

Didn't you use to work for hmrc?

 

[ska invita]

This isn’t how money works. At all.

yes indeed - im going back to bed! never mind

 

[Sasaferrato]

Didn't you use to work for hmrc?

I did. Not since 2017.

The chap's tax affairs are his business.

 

[Septic98]

my cut has gone up from £15 to £16 in South London! hair and beard.

I'm from the US; Miami, FL to be exact but the going price for a cut is usually $20 +$5 tip now, that's fair

I just wait for my hair to grow out and get a fade, this way I can tape above my forehead and just re-fade it for $free.99

 

[hash tag]

In an eatery last weekend there was no service charged automatically added to our bill.l ( which was good to see for a change). We did not add one, we left a tip, in cash.

 

[pbsmooth]

true, the barber I go to only takes cash.

My barber now has a card machine! End of (cash) days…

 

[NoXion]

I had to pay a builder in cash this week. £2,960. It took me about 10 minutes standing in an HSBC using a combination of non-HSBC cards to slowly and painfully get out £300 at a time from a cash machine. I then had to wonder around London all day with an uncomfortably large amount of money on my person. All in tenners too — 296 notes is a hell of a brick. I did not enjoy any part of this experience.

What the actual fuck. Guy was definitely being dodgy.

 

[kabbes]

What the actual fuck. Guy was definitely being dodgy.

One feature of being of the professional-managerial classes is that you do not question or meddle in the affairs of the tradespeople who perform the arcane arts required to stop your house falling down.

 

[UnderOpenSky]

Spotted an intresting cafe when working in Hyde yesterday. They had a sign up saying to save costs they were cash only. They saved all of the costs on my order as I went elsewhere.

 

[Elpenor]

My brother paid the band that played his wedding in cash on the night. The drummer is a mate of mine. Anyway he wanted to feel like a gangster handing over money in a briefcase, so he bought an old briefcase in a charity shop so he could get a photo of doing so.

However much it was, it didn’t fill a briefcase, probably an envelope at best, and my mate told me later on they had indulged him to be nice and then left the tatty old briefcase in a corner of the venue

I doubt there’d have been the same level of anecdote to relate if the band had been given a bank transfer instead/

 

[andysays]

I used a new barbers yesterday and was surprised to learn on attempting to pay that they only took cash - they had to direct me (though thankfully not escort me) to the nearest cash point.

 

[brogdale]

Spotted an intresting cafe when working in Hyde yesterday. They had a sign up saying to save costs they were cash only. They saved all of the costs on my order as I went elsewhere.

If businesses are doing this and surviving it does look like the last rites for cash use has been premature.

 

[InArduisFouette]

Spotted an intresting cafe when working in Hyde yesterday. They had a sign up saying to save costs they were cash only. They saved all of the costs on my order as I went elsewhere.

sounds like they may be at the death's door of a business where the suppliers are working cash on delivery only

 

[Ted Bunting]

Honestly after using contactless at home it’s been a right pain in the arse faffing about with denominations of: 1s 5s & 10s in Japan. More effort than I initially remembered

 

[smokedout]

One feature of being of the professional-managerial classes is that you do not question or meddle in the affairs of the tradespeople who perform the arcane arts required to stop your house falling down.

I've done quite a bit of work in posh people's homes. The eagerness they have to offer you cash in the hope of being quoted a lower rate is matched only by their nod and wink assurance that this is doing you a huge favour.

 

[Elpenor]

Cash accepted sort of


This is on a trading estate near to my work

 

[PR1Berske]

I got a Charles 50p in my change

 

[brogdale]

I got a Charles 50p in my change


View attachment 419054View attachment 419055

with 'tache?

 

[PR1Berske]

with 'tache?

Haha, I hadn't noticed that. No tashe!

 

[lazythursday]

I got a Charles 50p in my change


View attachment 419054View attachment 419055

Well there's a whole new reason for avoiding cash.

 

[marty21]

My barber now has a card machine! End of (cash) days…

My barber is still cash only , old school place in Stoke Newington.

 

[marty21]

Spotted an intresting cafe when working in Hyde yesterday. They had a sign up saying to save costs they were cash only. They saved all of the costs on my order as I went elsewhere.

I wouldn't be put off by a cash only sign

 

[kabbes]

I wouldn't be put off by a cash only sign

I wouldn’t be “put off” as such, but I would be unable to use the shop/service as I just don’t carry cash any more.

 

[teuchter]

At the weekend I once again walked into and then straight out of a corner shop with a "£5 minimum on card" sign by the till. Ended up spending my money in a Tesco metro instead.

 

[Jimmy Don't]

I wouldn’t be “put off” as such, but I would be unable to use the shop/service as I just don’t carry cash any more.

Same

 

[skyscraper101]

Barbers and Chinese Takeaways seem to be the last holdout of cash only round here. I stopped going to this barber I used to use because they kept coming back with the 'card machine is broken' line. After the third time of asking it was evidently not true and just a ruse to get payment in cash money.

Similarly, the Chinese take away only do cash, unless you order online beforehand (whereby you can pay by card), but you can't just rock up and use a card. Weird.

 

[LeytonCatLady]

Haha, I hadn't noticed that. No tashe!

View attachment 419057

Charlie's been on notes for years.