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Are you looking forward to the death of physical cash and credit cards? Square introduces Gift Cards
Andrew Blyth's profile photoShopitize London's profile photoChristopher Frye's profile photoJosé Luis Campaña Pérez (iZ3)'s profile photo
Without physical cash, governments can control your wealth with a flick of a switch. They don't like your politics? Flip, you can't pay for anything. Not the world I want to live in.
+Keith Stefanec I agree that physical currency should never, ever be phased out. It is untrackable and there are always purchases someone might want to make that they do not want to have a record of them making. But plastic is fine. This is a gift card, the only institution who can really decide you don't get to use it anymore, in this case, is Starbucks.
I am looking forward to no longer carrying cash or plastic.
+Chris Schaaf I was merely commenting on the "death of physical cash." I have no problem with credit cards or even Google wallet. 
We've been using e-wallets (Octopus cards) for small payments for years in Hong Kong. It's not that big a deal letting go of coins. Of course, coins are still here, but they become a lot more annoying when you can just beep your card (or in my case beep my watch) for almost any purchase
if cash goes away so does freedom. All "the man" has to do is manipulate the servers that hold your "cash", then your convenience will be your downfall. Enjoy your latte.
The death of physical cards is a way's away. No one should be required to have a phone to do things like this. If you lose your phone or have it stolen, you'd phucked. Both options can exist together.
Yes, I'm looking forward to it. I'm already doing my part via a square reader and NFC where it's available. When NFC is widely available there will be no reason to carry cash or cards. Physical cash is archaic and unnecessary. I understand that there are tin-foil hat wearers that fear the government but the truth is that that cash in your pocket has no real value anyway.
How is losing your phone different than losing your wallet? If everything is together, then you only have to keep track of one item not two.
+Michael Kendle My point was that if people rely on electronic payments with out having access to physical cash, society could be so tied into it that the gov't or whom ever will have absolute control. It would suck if all of a sudden you couldn't buy food, pay rent, etc if the gov't decides they dont like who you are or what you stand for your screwed and there is nothing you can do about it because you won't 'exist"
+Gordon Latham But the government doesn't control Bitcoin, so they can't just delete you from the system or freeze your assets or anything like that.

Bitcoin is virtual cash, not virtual credit.
yeah, but if you have no access to your money how could you get the
The manager at my Starbucks made me download the Square app and sign up, insisting that it works with their rewards program. I couldn't find that option and asked Square, they said it's planned for the future. :(
No, but I am looking forward to having more payment options.
Yes, no more bulky wallets and I hate carrying large sums of cash on me. 
+Keith Stefanec sure if you have a burn notice on you but I dont think this happens, or would happen, to all people. Conspiracies are the dawn of psychosis. They might shut your stuff of cause you think the world or men in black suits are after you and you have vital intel that could infringe on National Security. Just saying. 
Seeing how the government wants to come after your 401k, and have to right to indefinitely detain you if considered a "terrorist", I do worry about what the government will do to us, conspiracy or not.

Don't get me wrong, this is not about a prepay card or e-wallets. It was the question of death of cash and what can happen in that dangerous situation. 
Fucc that, computers crash and get hacCd everyday ... I weather hold my money then trust software with it what if we have major blacc out we all gon be broke 
+Doughboii Hoods The problem with that position is that holding onto your physical money doesn't make any difference in the scenario you're mentioning.

We already have more money in circulation than we actually have physical bills/coins to add up to- most of it is handled electronically.  In the event of a large scale issue preventing us from accessing funds electronically, the paper money you're holding onto will be equally worthless.

The exception to this would be a very temporary cutoff of funds, as in hours long, MAYBE days.  Beyond that, most of our financial infrastructure (and subsequently, our currency itself) is extremely likely to collapse; even restoring the power and networks involved beyond that wouldn't help, the damage already having been done.

TLDR: In the event of the collapse of electronically handled funds, the value of actual physical money is extremely unlikely to hold anyway.  If you're really concerned about something like this, you would be better served to stock up on things with actual value that you could barter later.
On the other hand, government shadiness and concern re: infrastructure collapse aside, there is a certain benefit to phasing out physical cash and credit cards- namely, neutering the crime of mugging.

Today, even if you don't carry cash, you've got credit cards a mugger could steal, and there is always the scenario where they keep a gun on you while you make an atm withdrawal.

Remove the physical cash and cards from the equation entirely, and if they want something out of you they basically need to keep a gun on your back and walk into a store/take you somewhere with internet connectivity and have you make a purchase online/etc.  Shooting first and searching the wallet later would be pointless, and a would-be mugger has to keep you alive a LOT longer if they want to benefit from their efforts.  This of course means a larger window for you to get help or escape.  Consider for a moment how many innocents have been mugged vs. how many innocents have had their assets frozen by the government- this is the kind of thing that can prevent some forms of crime outright!
How about we just have more concealed carry which has proven to decrease crime? That way two constitutional provisions kept at the same time, 2nd amendment and the federal government coining money. 
More concealed carry does decrease crime in the long term, but it has to reach critical mass where the average criminal is expecting the average victim to be armed.  That doesn't happen overnight, and it's a bloody path to get there.

Even if you have a concealed firearm, when your first warning of an attack is the barrel of a gun pressed against your back, it isn't helping you much.  Might not even be a real gun- are you going to call that bluff by reaching for your piece?  Beyond just that, this can also result in more instances of 'shoot first, then grab the wallet.'

On the other hand, removing physical currency is an opportunity to remove the premise and target of the crime of mugging.  In order to adapt and function, a model that is significantly more favorable to the potential victim must be adopted, as I detailed earlier.
Starbucks is a tax dodging chain.
Paying by smartphone is nice, but only as long as your battery holds out. If you're on travel that can be risky. 
nice coffee gift cards in seconds
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