Obama open to the elimination of penny

[Khadgar]

Note mine above.

It is not irrational fear, I genuinely hate electronic currency and prefer a physical form of it.

It's not irrational if you have a rational reasoning. Saying "It's not irrational" without providing said reason does nothing to dispel the idea of it being irrational.

[Minoriteeburg]

Note mine above.

It is not irrational fear, I genuinely hate electronic currency and prefer a physical form of it.

Then you are going to just hate the future when it all inevitably goes digital.

[Sibirsky]

You can get a cell phone and pay 10-20 bucks a month on the pay-as-you-go deals.

Not all poor people can afford that.

Don't need to

[Minoriteeburg]

I'll drink to that.

Actually the real problem will be the necessary inflation of thoughts.... as they will then cost a nickel.

A police force will be created to control that I am sure.

[Saiwania]

Then you are going to just hate the future when it all inevitably goes digital.

Why hasn't paperwork gone all digital then? Shouldn't computers have eliminated the need for pencil/ink on paper? No. And I don't anticipate that electronic payment will completely eliminate the need for physical currency as a fallback option. Going all electronic is a needless downgrade for those who still have a demand for cash.

[Minoriteeburg]

Then you are going to just hate the future when it all inevitably goes digital.

Why hasn't paperwork gone all digital then? Shouldn't computers have eliminated the need for pencil/ink on paper? No. And I don't anticipate that electronic payment will completely eliminate the need for physical currency as a fallback option. Going all electronic is a needless downgrade for those who still have a demand for cash.

Only time will tell....

[Lancaster of Wessex]

Then you are going to just hate the future when it all inevitably goes digital.

Why hasn't paperwork gone all digital then? Shouldn't computers have eliminated the need for pencil/ink on paper? No. And I don't anticipate that electronic payment will completely eliminate the need for physical currency as a fallback option. Going all electronic is a needless downgrade for those who still have a demand for cash.

As long as there is a demand for physical cash, the odds of society/government as a whole abolishing it is slim.

[Great Nepal]

Those're not money. Those are a means to use money.

Money is nothing but means of exchange. When cards becomes means of exchange, it is money.

Whatever guy, just beware the wrath of the coin collectors.

Beware of card collector.

[Conscentia]

It is not irrational fear, I genuinely hate electronic currency and prefer a physical form of it.

Then you are going to just hate the future when it all inevitably goes digital.

People used to think the future would look like this:

One cannot know the future.

[Khadgar]

Then you are going to just hate the future when it all inevitably goes digital.

Why hasn't paperwork gone all digital then? Shouldn't computers have eliminated the need for pencil/ink on paper? No. And I don't anticipate that electronic payment will completely eliminate the need for physical currency as a fallback option. Going all electronic is a needless downgrade for those who still have a demand for cash.

Most currency already is digital. A huge percentage of the United States dollars in circulation exist only as data, not as physical objects.

[Minoriteeburg]

Then you are going to just hate the future when it all inevitably goes digital.

People used to think the future looked like this:

One cannot know the future.

But we are already in the digital age, so it is inevitable.

[Minoriteeburg]

Why hasn't paperwork gone all digital then? Shouldn't computers have eliminated the need for pencil/ink on paper? No. And I don't anticipate that electronic payment will completely eliminate the need for physical currency as a fallback option. Going all electronic is a needless downgrade for those who still have a demand for cash.

Most currency already is digital. A huge percentage of the United States dollars in circulation exist only as data, not as physical objects.

^This.

[Disserbia]

Anything to save money right now.

[Conscentia]

Those're not money. Those are a means to use money.

Money is nothing but means of exchange. When cards becomes means of exchange, it is money.

But in this situation the cards aren't the means of exchange. They're a means to access the means of exchange, which is the currency which exists as data.

[Icesteam]

Finally something positive in this administration.

[Great Nepal]

Then you are going to just hate the future when it all inevitably goes digital.

Why hasn't paperwork gone all digital then? Shouldn't computers have eliminated the need for pencil/ink on paper? No. And I don't anticipate that electronic payment will completely eliminate the need for physical currency as a fallback option. Going all electronic is a needless downgrade for those who still have a demand for cash.

We dont need physical currency therefore, it will be obsolete hence electronic payment will eventually replace physical currency.

[Conscentia]

Why hasn't paperwork gone all digital then? Shouldn't computers have eliminated the need for pencil/ink on paper? No. And I don't anticipate that electronic payment will completely eliminate the need for physical currency as a fallback option. Going all electronic is a needless downgrade for those who still have a demand for cash.

Most currency already is digital. A huge percentage of the United States dollars in circulation exist only as data, not as physical objects.

Doesn't mean that it'll all turn digital.

[Minoriteeburg]

Money is nothing but means of exchange. When cards becomes means of exchange, it is money.

But in this situation the cards aren't the means of exchange. They're a means to access the means of exchange, which is the currency which exists as data.

Which is our future.

[Minoriteeburg]

Most currency already is digital. A huge percentage of the United States dollars in circulation exist only as data, not as physical objects.

Doesn't mean that it'll all turn digital.

Maybe not completely, but you most likely see the paper dollar fade away in the next 50 years.

[Saiwania]

Which is our future.

It is yours but it is definitely not mine.

[Conscentia]

Why hasn't paperwork gone all digital then? Shouldn't computers have eliminated the need for pencil/ink on paper? No. And I don't anticipate that electronic payment will completely eliminate the need for physical currency as a fallback option. Going all electronic is a needless downgrade for those who still have a demand for cash.

We dont need physical currency therefore, it will be obsolete hence electronic payment will eventually replace physical currency.

We don't need physical documents either. Yet they still exist & are common. And it's far easier to digitalise documents than currency.

[Minoriteeburg]

Which is our future.

It is yours but it is definitely not mine.

We shall see.....

[Tekania]

Actually the real problem will be the necessary inflation of thoughts.... as they will then cost a nickel.

A police force will be created to control that I am sure.

Also voicing your opinion will go up to at least a nickel as well, since you can no longer do two cents.

[Sibirsky]

A police force will be created to control that I am sure.

Also voicing your opinion will go up to at least a nickel as well, since you can no longer do two cents.

[Great Nepal]

Money is nothing but means of exchange. When cards becomes means of exchange, it is money.

But in this situation the cards aren't the means of exchange. They're a means to access the means of exchange, which is the currency which exists as data.

You could equally make the case that notes/coins aren't means of exchange and on their own, they mean nothing. They are simply means to access part of the actual currency stored in a bank's vaults.