Will smartphones finally make the mobile wallet a reality?
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That's a subtitle I read in a magazine recently. Now, lets look at that again. Firstly my leather wallet containing round shiny metal object and pieces of paper with the queens head on them, is strangely mobile and has been since the day I purchased it. Come to think of it, all my previously wallets have also be highly mobile as has my father's, and his father's and his father's (and so on) before him. Now do I really want to use a phone as a method of payment? How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card? I think this is one of those technology-for-technology-sake situations. I think I'll give that a miss thankyou.
Steve Jowett ------------------------- Real Programmers don't need comments -- the code is obvious.
The ultimate plan is to get rid of cash. Cash cannot be controlled or monitored, whereas electronic payments can. It is the destiny of us all, the New World Order needs to eliminate cash so that it can see where all of us spend our money.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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I look at it this way... I need to carry an ID. Even if I get a smartphone, this won't be replaced. If I'm carrying one card, it's just as easy to carry another (credit/debit card). In fact, it's better, since two cards back-to-back are less likely to bend or fold than just one, which might damage them. If I'm carrying around two cards anyway, adding a little folding money doesn't change much Since I'm carrying all of those things, it makes sense to have a container for them, so they aren't just shuffling around in my pocket... Hmm, how about a wallet? And so on... Now, metal coins, on the other hand, I could do without... Especially pennies ($0.01)... No one cares about pennies anymore. The metal used to make the penny is worth more than the penny, so it's time to retire this useless waste of space.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels)If you eliminate pennies, two things will happen. Firstly the cost of everything will be rounded up, and secondly all future price rises will be at a minimum of 5p (or cents or whatever the local coinage is called).
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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That's a subtitle I read in a magazine recently. Now, lets look at that again. Firstly my leather wallet containing round shiny metal object and pieces of paper with the queens head on them, is strangely mobile and has been since the day I purchased it. Come to think of it, all my previously wallets have also be highly mobile as has my father's, and his father's and his father's (and so on) before him. Now do I really want to use a phone as a method of payment? How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card? I think this is one of those technology-for-technology-sake situations. I think I'll give that a miss thankyou.
Steve Jowett ------------------------- Real Programmers don't need comments -- the code is obvious.
My wallet also is already mobile: sometime it is in my pocket, sometimes it is in Michelles hands, and being raided for every penny it's got...
Real men don't use instructions. They are only the manufacturers opinion on how to put the thing together. Manfred R. Bihy: "Looks as if OP is learning resistant."
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The ultimate plan is to get rid of cash. Cash cannot be controlled or monitored, whereas electronic payments can. It is the destiny of us all, the New World Order needs to eliminate cash so that it can see where all of us spend our money.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
But what they don't appear to have noticed is that it means people can track their "expenses" as well...
Real men don't use instructions. They are only the manufacturers opinion on how to put the thing together. Manfred R. Bihy: "Looks as if OP is learning resistant."
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The ultimate plan is to get rid of cash. Cash cannot be controlled or monitored, whereas electronic payments can. It is the destiny of us all, the New World Order needs to eliminate cash so that it can see where all of us spend our money.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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The ultimate plan is to get rid of cash. Cash cannot be controlled or monitored, whereas electronic payments can. It is the destiny of us all, the New World Order needs to eliminate cash so that it can see where all of us spend our money.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
Don't encourage the end-timers, for FSM's sake!
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My wallet also is already mobile: sometime it is in my pocket, sometimes it is in Michelles hands, and being raided for every penny it's got...
Real men don't use instructions. They are only the manufacturers opinion on how to put the thing together. Manfred R. Bihy: "Looks as if OP is learning resistant."
My Michelle is the same. Just today I found out she had spent £47 on a new toilet seat! I mean £47! When you think what I am going to do with it, it seems a big waste.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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That's a subtitle I read in a magazine recently. Now, lets look at that again. Firstly my leather wallet containing round shiny metal object and pieces of paper with the queens head on them, is strangely mobile and has been since the day I purchased it. Come to think of it, all my previously wallets have also be highly mobile as has my father's, and his father's and his father's (and so on) before him. Now do I really want to use a phone as a method of payment? How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card? I think this is one of those technology-for-technology-sake situations. I think I'll give that a miss thankyou.
Steve Jowett ------------------------- Real Programmers don't need comments -- the code is obvious.
Steven J Jowett wrote:
I think I'll give that a miss thankyou.
And when your bank starts changing you £100 admin fees to send you a card as opposed to the "environmentally friendly" debit-card app that you can download for free?
My opinions are right, and yours are wrong! (or at least that is my opinion)
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My wallet also is already mobile: sometime it is in my pocket, sometimes it is in Michelles hands, and being raided for every penny it's got...
Real men don't use instructions. They are only the manufacturers opinion on how to put the thing together. Manfred R. Bihy: "Looks as if OP is learning resistant."
She lets you have your wallet back when it's empty, right?
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
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That's a subtitle I read in a magazine recently. Now, lets look at that again. Firstly my leather wallet containing round shiny metal object and pieces of paper with the queens head on them, is strangely mobile and has been since the day I purchased it. Come to think of it, all my previously wallets have also be highly mobile as has my father's, and his father's and his father's (and so on) before him. Now do I really want to use a phone as a method of payment? How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card? I think this is one of those technology-for-technology-sake situations. I think I'll give that a miss thankyou.
Steve Jowett ------------------------- Real Programmers don't need comments -- the code is obvious.
No. Small cash purchases are zero infrastructure. There's no way a market stallholder, roadside farm shop etc is going to make the capital investment for a magic 'electronic wallet' reader, particularly as doing so will not increase their revenue. So unless governments are going to provide them for free, cash will always remain necessary. There are also enough people who seriously espouse the sort of data recording aversion that DD mentions to ensure that cash can't be eliminated. Other forms of 'electronic money' (debit/credit cards) are more replaceable – they're already electronic devices, after all. However, there is a large amount of physical and electronic infrastructure already devoted to working with them and something new would have to be significantly more convenient to use to be worth attempting to replicate all that.
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That's a subtitle I read in a magazine recently. Now, lets look at that again. Firstly my leather wallet containing round shiny metal object and pieces of paper with the queens head on them, is strangely mobile and has been since the day I purchased it. Come to think of it, all my previously wallets have also be highly mobile as has my father's, and his father's and his father's (and so on) before him. Now do I really want to use a phone as a method of payment? How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card? I think this is one of those technology-for-technology-sake situations. I think I'll give that a miss thankyou.
Steve Jowett ------------------------- Real Programmers don't need comments -- the code is obvious.
Steven J Jowett wrote:
strangely mobile
My wallet got that way since I got married.
The bearing of a child takes nine months, no matter how many women are assigned.
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Steven J Jowett wrote:
I think I'll give that a miss thankyou.
And when your bank starts changing you £100 admin fees to send you a card as opposed to the "environmentally friendly" debit-card app that you can download for free?
My opinions are right, and yours are wrong! (or at least that is my opinion)
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My Michelle is the same. Just today I found out she had spent £47 on a new toilet seat! I mean £47! When you think what I am going to do with it, it seems a big waste.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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If you eliminate pennies, two things will happen. Firstly the cost of everything will be rounded up, and secondly all future price rises will be at a minimum of 5p (or cents or whatever the local coinage is called).
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
Quite ... as now happens in Australia, where they did get rid of coppers (that's 1 and 2p, as those coins were historically made of copper, though now they are electroplated iron because copper is too expensive, and I believe the Aussie 1 and 2c were similar).
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No. Small cash purchases are zero infrastructure. There's no way a market stallholder, roadside farm shop etc is going to make the capital investment for a magic 'electronic wallet' reader, particularly as doing so will not increase their revenue. So unless governments are going to provide them for free, cash will always remain necessary. There are also enough people who seriously espouse the sort of data recording aversion that DD mentions to ensure that cash can't be eliminated. Other forms of 'electronic money' (debit/credit cards) are more replaceable – they're already electronic devices, after all. However, there is a large amount of physical and electronic infrastructure already devoted to working with them and something new would have to be significantly more convenient to use to be worth attempting to replicate all that.
Contra to this argument, physical cash is expensive. Any cash you hold is devaluing, so it's better to have it stay the bank where, in theory, it could be gaining interest. For the trader, the cash needs to be counted - time == money - and banked - more time + travel cost - or stored - requiring a safe for large amounts. For the banks, any cash holding again cannot be put to any use and have the same intrinsic costs of counting, transporting and storing. Electronic is good. Just what's being proposed currently is not so clever.
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
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If you eliminate pennies, two things will happen. Firstly the cost of everything will be rounded up, and secondly all future price rises will be at a minimum of 5p (or cents or whatever the local coinage is called).
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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Use a different bank. If they all start trying that, use cash (and cheques, which have been reprieved here in the UK).
Cheques have the same cost as cash; see below.
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
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I feel the same about toilet roll... 12 rolls for £5 will last about a month... whereas I can wash a £5 note and make it last 3 months
My opinions are right, and yours are wrong! (or at least that is my opinion)
Many years ago, when I lived alone, a 12 pack of toilet roll would last over a year. After Michelle moved in, a 12 pack wouldn't last a month. When her sister came to stay with us (Came for a couple of weeks, stayed for 6 years!) a 12 pack lasted about 10 days!
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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Steven J Jowett wrote:
strangely mobile
My wallet got that way since I got married.
The bearing of a child takes nine months, no matter how many women are assigned.
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The ultimate plan is to get rid of cash. Cash cannot be controlled or monitored, whereas electronic payments can. It is the destiny of us all, the New World Order needs to eliminate cash so that it can see where all of us spend our money.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
You said you lunched at home, so what's the payment to 'Rapid Rita' on your itemised credit sheet?
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
