The world of automation
#1051
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: The world of automation
I suppose it happened to gas lamps, phone boxes and next on the scrapheap ATM's.
https://www.theguardian.com/money/bl...isk-of-closing
I think cash will be around for some time more, but once contactless pay is dully deployed and used, cash will become an over the counter service to discourage ATM use.
https://www.theguardian.com/money/bl...isk-of-closing
I think cash will be around for some time more, but once contactless pay is dully deployed and used, cash will become an over the counter service to discourage ATM use.
The demise of the ATM will no doubt hit the supply chain of those who make ATM's, components, software, etc and those who maintain. One would hope there are no companies around who are solely in business by ATM's.
#1053
Account Closed
Joined: May 2013
Posts: 0
Re: The world of automation
The thing is that cash is universal, EVERYONE can get their hands on it (in varying quantities of course) If you dispense with it there's a great big section at the bottom of society that'll go under. The anonymity of a cash donation to a homeless person or a charity will be lost, and will put many people off doing so. What's the point of being able to pay for all your groceries, bills etc when you can't afford a smart phone? That would truly be a dumb idea IMO
#1054
Re: The world of automation
Interesting study by RAND on the difference between putting autonomous vehicles on the road when they are only 10% better than human drivers, vs when they are 10 times better.
https://www.rand.org/blog/articles/2...adbpr=22545453
Upshot?
It's better to introduce them early, even if there are some autonomous vehicle crashes, since you save hundreds of thousands of lives over waiting. There is even a little model to try your own scenarios.
https://www.rand.org/blog/articles/2...adbpr=22545453
Upshot?
It's better to introduce them early, even if there are some autonomous vehicle crashes, since you save hundreds of thousands of lives over waiting. There is even a little model to try your own scenarios.
#1055
Re: The world of automation
The thing is that cash is universal, EVERYONE can get their hands on it (in varying quantities of course) If you dispense with it there's a great big section at the bottom of society that'll go under. The anonymity of a cash donation to a homeless person or a charity will be lost, and will put many people off doing so. What's the point of being able to pay for all your groceries, bills etc when you can't afford a smart phone? That would truly be a dumb idea IMO
#1056
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: The world of automation
The thing is that cash is universal, EVERYONE can get their hands on it (in varying quantities of course) If you dispense with it there's a great big section at the bottom of society that'll go under. The anonymity of a cash donation to a homeless person or a charity will be lost, and will put many people off doing so. What's the point of being able to pay for all your groceries, bills etc when you can't afford a smart phone? That would truly be a dumb idea IMO
#1057
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: The world of automation
Interesting article.
http://www.smh.com.au/business/the-economy/sydney-jobs-boom-puts-pressure-on-transport-and-house-prices-20171108-gzhitj.html
From a previous discussion, those with the money like to live near where the jobs, transport and action are.
A notable mention about medium speed rail between the main metropolis and the nearby cities.
Sound familiar?
http://www.smh.com.au/business/the-economy/sydney-jobs-boom-puts-pressure-on-transport-and-house-prices-20171108-gzhitj.html
From a previous discussion, those with the money like to live near where the jobs, transport and action are.
A notable mention about medium speed rail between the main metropolis and the nearby cities.
Sound familiar?
#1058
Re: The world of automation
The reality, in Britain at least, is a bit of both. Currently. But the times are a changin'.
#1059
Account Closed
Joined: May 2013
Posts: 0
Re: The world of automation
Don't try putting that sort of slant on it, whenever have you seen a beggar with an eftpos machine? sheesh, and if they did have a bank account it's most likely empty don't you think?
#1060
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: The world of automation
Nah - I wasn't sure where you were headed so I threw out some options.
OK now I understand. Yes beggars and other occupations like buskers will have to find alternatives when loose change becomes a thing of the past. But it will only become a thing of the past when we entirely rid ourselves of cash.
Those who live off the cash economy are pretty good at finding ways around things. I am sure they will find a way around the cashless society.
BTW
Professional beggars earning up to $400 a day and intimidating women, tourists in Melbourne CBD, Salvation Army report finds - ABC News (Australian Broadcasting Corporation)
Those who live off the cash economy are pretty good at finding ways around things. I am sure they will find a way around the cashless society.
BTW
Professional beggars earning up to $400 a day and intimidating women, tourists in Melbourne CBD, Salvation Army report finds - ABC News (Australian Broadcasting Corporation)
#1061
Account Closed
Joined: May 2013
Posts: 0
Re: The world of automation
Nah - I wasn't sure where you were headed so I threw out some options.
OK now I understand. Yes beggars and other occupations like buskers will have to find alternatives when loose change becomes a thing of the past. But it will only become a thing of the past when we entirely rid ourselves of cash.
Those who live off the cash economy are pretty good at finding ways around things. I am sure they will find a way around the cashless society.
BTW
Professional beggars earning up to $400 a day and intimidating women, tourists in Melbourne CBD, Salvation Army report finds - ABC News (Australian Broadcasting Corporation)
OK now I understand. Yes beggars and other occupations like buskers will have to find alternatives when loose change becomes a thing of the past. But it will only become a thing of the past when we entirely rid ourselves of cash.
Those who live off the cash economy are pretty good at finding ways around things. I am sure they will find a way around the cashless society.
BTW
Professional beggars earning up to $400 a day and intimidating women, tourists in Melbourne CBD, Salvation Army report finds - ABC News (Australian Broadcasting Corporation)
#1062
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: The world of automation
They will probably make more money that way. There is potential for larger transactions. They might get the odd big donation if its done electronically. Big donations generally don't live as small change in someone's pocket.
How are dole payments done now? Does one still get a dole cheque? You would have to cash it somewhere right? Or is it paid electronically?
#1063
Account Closed
Joined: May 2013
Posts: 0
Re: The world of automation
Maybe it will just be all digital. Even for the "bottom of society", a bank account, bitcoin account, etc is still possible. You can stand there with a sign with an account number, rather than a dirty old hat or paper coffee cup.
They will probably make more money that way. There is potential for larger transactions. They might get the odd big donation if its done electronically. Big donations generally don't live as small change in someone's pocket.
How are dole payments done now? Does one still get a dole cheque? You would have to cash it somewhere right? Or is it paid electronically?
They will probably make more money that way. There is potential for larger transactions. They might get the odd big donation if its done electronically. Big donations generally don't live as small change in someone's pocket.
How are dole payments done now? Does one still get a dole cheque? You would have to cash it somewhere right? Or is it paid electronically?
Are you lining me up for an accusation of bigotry or snobbery per chance with your inverted commas around 'bottom of society' I know they were my words, you've no need to distance yourself from them.
You're edging towards your 'let them eat cake' stance again.
#1064
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: The world of automation
What is bottom of society? Do you mean the poorest in society?
Are people without shoes and a roof on the dole?
Not really. Bottom of society could mean many things to many different people.
Bottom of society for Garry would be lawyers and bankers.
Bottom of society for Garry would be lawyers and bankers.
#1065
Re: The world of automation
Does anyone really not recognise this?
Money has never been the scoreboard - right back to "it is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of god"