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Topic:
Sweden moving towards cashless economy
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Skinnyrumcakes
Title: Lich Larping Vampire Hunter
Posts: 86
Registered: 2002-1-10 10:41:25
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-towards-cashless-economy/
(AP) STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.
"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.
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Apparently the computer they use to compile all of the cashless transactions is a Beast of a machine. 
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ZigmundZag
Title: Grammar Nazi
Posts: 1,211
Registered: 2002-3-25 23:03:00
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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Sometimes when I go do Drudge, I play this game where I try to match up the headline with the person who will post it.
I got this one wrong...it had Brother Tedious's "FIAT CURRENCY" written all over it. Then again BT loves him some double posts, so maybe I still have a shot!
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"Take the cheese to sickbay!"
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Sansfear
Posts: 757
Registered: 2008-8-31 05:04:52
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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"After his son was robbed for the third time he started advocating a faster transition to a fully digital economy, if only to make life harder for thieves.
"If there were no cash, what would they do?" says Ulvaeus, 66."
Um, take his cellphone with all his financial information on it?
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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Sansfear posted:
"After his son was robbed for the third time he started advocating a faster transition to a fully digital economy, if only to make life harder for thieves.
"If there were no cash, what would they do?" says Ulvaeus, 66."
Um, take his cellphone with all his financial information on it?
Yeah. You gotta love stupid people.
A solution in search of a problem, is what we call this.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
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Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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Uh, the guy sorta has a point. If you rob someone and all they have is a credit card or a cell phone that's not all that useful. You know it's gonna be shut off within the hour.
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reesescups
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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Skinnyrumcakes posted:
"something incredibly dumb" says Bjoern Ulvaeus, former member of 1970's pop group ABBA
ABBA
Nothing more needs to be said...
At least when we put people from the entertainment world in position of power, they are usually badasses...
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Crackdoc
Posts: 236
Registered: 2005-10-7 12:55:29
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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Credit and Debit cards should be impermeated with 'stable' gelegnite that, if used with the wrong 'code', blows up.
Sure, there'd be some casual damage, but hey, security is worth the inconvenience (as we now all know).
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DemonicXH
Title: Camelot Vault Staff
News Editor
Posts: 584
Registered: 2003-12-1 08:14:17
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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Yukishiro1 posted:
Uh, the guy sorta has a point. If you rob someone and all they have is a credit card or a cell phone that's not all that useful. You know it's gonna be shut off within the hour.
A lot can happen within an hour.
Someone stole the numbers to my debit card last year and made a fake one and started buying crap at a Wal-Mart in Arkansas. Bank of America, emailed, texted and called me right away and I froze my account within 20 minutes, but they were still able to steal like $500, which I got back but it was still a nuisance.
The guy from BoA said it happens pretty much non stop all day long, people use fake cards, buy a pack of gum and use the cash back feature to take out cash.
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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Yukishiro1 posted:
Uh, the guy sorta has a point. If you rob someone and all they have is a credit card or a cell phone that's not all that useful. You know it's gonna be shut off within the hour.
Not when the number gets sniffed out of the air over a wireless connection.
Or RFID read while in your pocket.
Or picked up from a slip.
Or...
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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NuEM
Posts: 1,007
Registered: 2004-3-2 09:08:11
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Date Posted:
1/1/00 12:00am
Subject:
Sweden moving towards cashless economy
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Didn't Bitcoins get hacked recently? 
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