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Thread: How will a cashless system affect AP's?

  1. #1


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    How will a cashless system affect AP's?

    http://www.informationclearinghouse.info/47687.htm
    Last edited by Norm; 08-26-2017 at 06:11 PM.

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    As long as the crypto-currency creation is decentralized, there is no problem.

  3. #3


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    Quote Originally Posted by Member Name Hidden View Post
    As long as the crypto-currency creation is decentralized, there is no problem.
    Just think. Your bank will know all of your activities. People you do business with will, with a credit check, know if your activities and may well suspend their activities with you on that point. It's out of control.

    My wife and I went out for breakfast this morning. The waitress automatically came over with the wireless machine when it was time to pay. . I surprised her, as well as any other food establishment, when I paid cash.

    Paying cash is now the exception versus what was once the norm. As AP's, we tend to carry a lot of cash. Think about disguising some of your habits.

  4. #4
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    The idea of a cashless society makes me ill.
    My teenage zeitgeist required a fat bankroll
    in one's pocket with a wide red rubber-band
    securing it. Only a "square" used a wallet for
    carrying cash. My neighborhood heroes were
    the iconic Italian/Jewish mobsters of the day,
    who spewed cash at the slightest excuse, as
    their money was "ill-gotten" and they had "No
    visible means of support."

    I used to go to the racetracks back in the day
    with $1,000 and $500 bills. An entire bankroll
    so easily sat in my hip pocket. Until that jerk,
    Richard Milhaus Nixon, recalled them all.

    Last edited by ZenMaster_Flash; 08-26-2017 at 11:58 AM.

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    This month I accidentally discovered that I had $95 in
    BITCOIN, so I sold it for a profit of approximately $670.

  6. #6


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    I think it'll be a long, long time before we go completely cashless. Cash is still king. However all the people saying "it'll be the worst thing ever" I just think it's like any other big changes.. People hate big changes.
    On a side not I remember talking to my friend back when Bitcoin was in its early days and he used it to buy stuff of the dark web, ill advised I will say, and he said he was done and he will cash out his bitcoins. I said "how much do you have?" He said "oh about 145 coins, I bought them for about $1.15 now they are $1.65. They go up and down like stocks"
    My response "oh man that's cool, I didn't know they worked like that. Well you made a few bucks off it so that's good"
    He doesn't let it get to him but we wishes he had forgotten about those 145 coins until last week. Would have a nice 600k

  7. #7


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    Quote Originally Posted by Freightman View Post
    My wife and I went out for breakfast this morning. The waitress automatically came over with the wireless machine when it was time to pay.
    Standard procedure in Europe. Exceedingly rare still in the US.

    Quote Originally Posted by ZenMaster_Flash View Post


    This month I accidentally discovered that I had $95 in
    BITCOIN, so I sold it for a profit of approximately $670.
    Be aware that every bitcoin transaction is taxable.

  8. #8


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    Quote Originally Posted by 21forme View Post
    Standard procedure in Europe. Exceedingly rare still in the US.
    Very common where I live.

  9. #9
    Senior Member Tarzan's Avatar
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    I don't see a cashless system panning out anytime soon. I doubt it would be good or well received for most people really, not just AP's.

  10. #10


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    Other than buying and selling chips, I am cashless. I actually use a Total Rewards credit card ( for any gambling trip expenses) whose points move to my TR account at Caesars.

  11. #11
    Random number herder Norm's Avatar
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    This is a fake news site. Please do not bring weirdo politics here.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse

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