mosdefn14 said:

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I go to a mid-week men's breakfast at my church. 5 years ago, there were baskets on the tables for donations towards food cost. Apparently not many put cash in, so they put a volunteer money changer at the front of the food line with a sign saying something along the lines of "Our food is complimentary, but not free".

Quite a bit of homeless (un-sheltered might be the new term) come for the warm building, food, Bible lesson etc. and the church doesn't want them to feel like they can't eat if they don't have cash - great, no problem. To "combat" that, this semester there's just a QR code at the front of the line. You're supposed to donate/pay for your food online. Big not-happening for me. Average age has to be 60 in this group, I'm curious if it's working.

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My cashless example for church tithing....we use Fidelity's Charitable platform which is really damn slick for anyone that gives money to various charities. My church is in their database, so I simply set up a recurring cash gift out of our charitable account that is sent monthly to church. Boom. Done for the year.

Using this platform, consolidates all of my charitable tax reporting with one entity that sends me 1 report and I don't have to do any tracking or worrying about it. Just more examples of cashless convenience to others points.

Cashless has been around even before pandemic, but it's def. becoming more common now.

Just skied Breckenridge yesterday, and there is no cash on the mountain. You can even attach a credit card to your epic card (season lift pass) and use it to pay.

Now with venmo and such, the mainstays of check writing like to the maid for instance has even gone away.

wbt5845 said:

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evestor1 said:

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I also run into many people that don't have checks or ability to get them.

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My kids all use online banking. If they need to write a check, they go online, enter the info, and their online bank mails a check.

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I'm convinced most people don't know their bank even offers this service, much less how to use it.

I'm the treasurer for my son's band organization. We take post-dated checks as a deposit for working volunteer shifts at our main fundraiser (you don't work, we cash the check). I had multiple people give me cash and money orders for it.

As a side note, the fact that Amegy doesn't offer Zelle for business accounts has been a huge PITA. People don't like checks, and the credit card service we use charges a fee. Life would be so much easier if we could just do bank to bank transactions.

Every restaurant my business supports has seen a change in the direction of cash flowing through the business. Ten years ago they all collected enough cash to pay out tips at the end of the night and still make a deposit. Now they all go to the bank at least once per week and withdraw cash to hold on site to pay out those tips.

Recently I noticed on a "now hiring" sign at freebirds that they offer daily payroll which I think is where we're going to see the food service industry go. They won't take home cash tips anymore but they'll get a daily deposit for their tip out. In fact I'd be surprised if Square doesn't already offer it and I just missed it. They're a perfect platform to offer that.

I agree that a card is the fastest and easiest way to pay for things. However, it almost seems discriminating the way some businesses act toward a cash customer. What if your old, not soficticated enough to have mobile money, have mental challenges, etc. A card may be preferred, but cash is still legal tender.

Much easier to control and monitor what you buy when it's digital.

Edited to clarify. For the govt to control and monitor.

Romello said:

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Much easier to control and monitor what you buy when it's digital.

Edited to clarify. For the govt to control and monitor.

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What is the government doing, or do you fear they might do, by monitoring what people buy (assuming those purchases are legal)? I can see being paranoid if you're conducting illegal activity, however I fail to see a valid risk/fear otherwise. It's doubtful much meaningful legal purchases are done with significant amounts of cash anymore anyway. It's not like people are buying cars, appliances, furniture, etc. in cash and I rarely see cash used pretty much anywhere, outside of small purchases (< $20).

what happens when the Russkies or the ChiComs or the Iranians...

bring down all of our automated IT based banking system?

and no one able to use cash- what happens then?

LMCane said:

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what happens when the Russkies or the ChiComs or the Iranians...

bring down all of our automated IT based banking system?

and no one able to use cash- what happens then?

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Good question - but that's been the case for years now. I worry more about an EMP (the effects of which might ultimately be worse than a traditional nuclear weapon).

LMCane said:

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what happens when the Russkies or the ChiComs or the Iranians...

bring down all of our automated IT based banking system?

and no one able to use cash- what happens then?

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Short of forcing banks and financial intuitions to stop using computers and the internet and go back to paper and pen, I am not sure how a business accepting cash or not changes any of this...

AggieFrog said:

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Romello said:

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Much easier to control and monitor what you buy when it's digital.

Edited to clarify. For the govt to control and monitor.

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What is the government doing, or do you fear they might do, by monitoring what people buy (assuming those purchases are legal)? I can see being paranoid if you're conducting illegal activity, however I fail to see a valid risk/fear otherwise. It's doubtful much meaningful legal purchases are done with significant amounts of cash anymore anyway. It's not like people are buying cars, appliances, furniture, etc. in cash and I rarely see cash used pretty much anywhere, outside of small purchases (< $20).

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I suggest you and others read up on ESG scores and how they will play a bigger role in your ability to spend or not spend your money in the future. The banks will do as they are told. Conspiracy theory right? Wrong. It's already happening.

AggieFrog said:

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Romello said:

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Much easier to control and monitor what you buy when it's digital.

Edited to clarify. For the govt to control and monitor.

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What is the government doing, or do you fear they might do, by monitoring what people buy (assuming those purchases are legal)? I can see being paranoid if you're conducting illegal activity, however I fail to see a valid risk/fear otherwise. It's doubtful much meaningful legal purchases are done with significant amounts of cash anymore anyway. It's not like people are buying cars, appliances, furniture, etc. in cash and I rarely see cash used pretty much anywhere, outside of small purchases (< $20).

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This isn't my issue. My issue is that once we move to CBDC the government can arbitrarily cut you off if they don't like what you are doing or saying. This will lead to social scores just like China. We now have social scores for American companies via ESG and the human version will follow. If you aren't scoring the right way, the government can hit a button and you are cut off, or your wages/accounts are garnished, etc. It's a horrific dystopian scenario that is about to unfold.

Oh, Version 1 will be harmless, I'm sure. But over time, as with everything the government touches, they will add hooks and conditions to the point where you wake up one day and you are effectively stifled and oppressed regarding how you spend your money, entities you support, people you interact with, etc. It's a nightmare and I'll be looking for any way to mitigate it that I can.

Casey TableTennis said:

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BenTheGoodAg said:

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Is that really legal?

"This note is legal tender for all debts, public and private"

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Buying a product or service does not constitute a debt.

I think it is a horrible business practice, but I respect a businesses ability to make this their policy. Also hope local competitors eat their lunch.

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if they already made your food and you have no other way to pay then it seems like a debt to me

EliteZags said:

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Casey TableTennis said:

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BenTheGoodAg said:

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Is that really legal?

"This note is legal tender for all debts, public and private"

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Buying a product or service does not constitute a debt.

I think it is a horrible business practice, but I respect a businesses ability to make this their policy. Also hope local competitors eat their lunch.

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if they already made your food and you have no other way to pay then it seems like a debt to me

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Wow this thread took a few turns.

This is ultimately why I even brought this up. I pay 100% CC across the board when possible but simply forgot my card. The thought ran through my mind….if I didn't happen to have cash on me that's 200$ worth of food I had no way of paying for. Do they just eat it? Or do I write them an IOU?

EliteZags said:

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Casey TableTennis said:

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BenTheGoodAg said:

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Is that really legal?

"This note is legal tender for all debts, public and private"

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Buying a product or service does not constitute a debt.

I think it is a horrible business practice, but I respect a businesses ability to make this their policy. Also hope local competitors eat their lunch.

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if they already made your food and you have no other way to pay then it seems like a debt to me

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If that seems like a debt, it seems like you don't understand what a debt is. More likely it seems like you are defining it how you want it to fit.

As I said earlier, I don't like these policies. But, I believe in freedom, and this is a way a business can chose to operate.

https://instagr.am/p/Cy4rFMmM6qs

We about to see a demand for cash and businesses not accepting cash ... at the same time.

That said, some amount of cash on hand per-household might be a good idea moving forward.