General > General Technical Chat
Cashless Australia
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NiHaoMike:

--- Quote from: Stray Electron on March 10, 2021, 02:16:43 am ---A good friend of mine (actually several) is Indian and his family lost a TON of money in the recent demonetization.  Like many Indian families they had been sitting on their cash and they were only allowed to trade in a small portion of it so the majority of their cash suddenly became worthless. Shivan told me that only something like 15% of all of the cash in India was redeemed.  Just think of all of that currency that the government of India no longer has the legal responsibility to redeem! I guess that now, they're free to print Trillions more and are free to spend it as well. 

--- End quote ---
I remember when Bitcoin sharply increased in value as a result. I guess that if Indians can't trust their own currency to not suddenly become worthless, they might as well use Bitcoin...
james_s:

--- Quote from: Rerouter on March 10, 2021, 02:51:34 am ---I do not feel compfortable unless i have about $100 in cash on me for all the debt style transactions. E.g. eating at a resteraunt or fueling my car. If something goes south i much prefer to pay cash than have to hand over something in collateral.

--- End quote ---

I like to keep $20-$60 in my wallet for that sort of thing. Unless I'm a long way from home, $20 will buy me enough gas to get there and it's rare that I spend more than that on a meal. If I find myself really in a jam I can call somebody to come help me out.
jhalar:
I went to my specialist doctor recently.  The payment terminal could not pickup the wifi to make a payment and the terminal could not do an offline transaction.

Lucky I had enough cash to pay for the visit.
james_s:

--- Quote from: jhalar on March 10, 2021, 03:41:03 am ---I went to my specialist doctor recently.  The payment terminal could not pickup the wifi to make a payment and the terminal could not do an offline transaction.

Lucky I had enough cash to pay for the visit.

--- End quote ---

Seems like the burden is on them in that case. If they are unable to process the transaction they should send you on your way and mail you a bill.
cdev:
If you pay the bill at their office and it turns out insurance is supposed to cover it then it should mail you a hefty check refunding you the money you paid.. back. I think one of the main reasons the powers that be want cashless is to they can claw back money that was overpaid, say if you sell some stuff on ebay but dont declare it, then you may be deemed guilty of collecting benefits you were not entitled to. then they can decide you werent covered for that year or back to the beginning of the policy, cancel out (claw back their payments to doctors and then rebill you at the uninsured rate back to the beginning of the policy. This is called rescission or post claim underwriting. This may result in unpayable six or seven figure bills huge bills.; But they just take your wages until you have paid it back, if the system is automated. It will cause problems when people try to travel, too. Also people sometimes get hit wit hugh bills through no fault of their own because an out of network doctor assisted at their surgery when the in network doctor who was sheduled cancelled out. This might cause a patient a surprise six figure bill.

Once they are hooked into your bank account, you have no control over what they do. And often if they take out money that will trigger a cascade of new fees from the bank. People in Australia have been so beaten down by this "robo debt" system that some have committed suicide, Ive read, but the government denies that.

You can read the stories and the debate under the robodebt or centrelink keyword..
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