tag:blogger.com,1999:blog-3904461976821332291.post7226810476669211068..comments2023-11-03T04:29:29.498-04:00Comments on Paleo-Future: A Cashless Future Society? (1968)Matt Novakhttp://www.blogger.com/profile/09360406896692501416noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3904461976821332291.post-46147997206842371742008-11-29T22:47:00.000-05:002008-11-29T22:47:00.000-05:00I remember a great Business Week article on this v...I remember a great Business Week article on this very topic from some time in the late 1960s. One illustration had street scene with a guy with a begging cup wired to an antenna. Wow, they anticipated WiFi!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3904461976821332291.post-9232357894257731842008-11-19T10:51:00.000-05:002008-11-19T10:51:00.000-05:00It seems ridiculous to even speculate about a cash...It seems ridiculous to even speculate about a cashless society when so many of our transactions are "under the table." The Black market in the US is about 8% of GDP which is a huge number. Not only that but there are plenty of reasons to not have your every transaction, your every move, be tracked.Scott Radtkehttps://www.blogger.com/profile/12995768685867352382noreply@blogger.comtag:blogger.com,1999:blog-3904461976821332291.post-75315270658656262532008-11-18T23:01:00.000-05:002008-11-18T23:01:00.000-05:00It was weird to use a credit card at a restaurant?...It was weird to use a credit card at a restaurant?Unknownhttps://www.blogger.com/profile/00482764037428590740noreply@blogger.comtag:blogger.com,1999:blog-3904461976821332291.post-15630331021059697412008-11-18T17:16:00.000-05:002008-11-18T17:16:00.000-05:00That kind of credit card (single-store use) still ...That kind of credit card (single-store use) still exists, and is actually not uncommon in certain sectors. Oil companies all have their own Aamoco-only or Shell-only or whatever cards. They tend to have some special benefits associated with them and are popular with companies that own a vehicle fleet. Large department stores also still have them, such as Kohls, and the membership warehouse stores like Costco. You also see them for some computer makers (Dell has one) and jewelers. I suspect they're oriented primarily toward places where you make a single large purchase (You go try to buy a diamond ring, and you will probably be offered a credit card). <BR/><BR/>These days, though, those cards *are* issued by Visa or Mastercard or whoever, just under a special arrangement with the store, because they use their financial network to manage the transactions, they're just private-label.Rosshttps://www.blogger.com/profile/09703211229982182936noreply@blogger.comtag:blogger.com,1999:blog-3904461976821332291.post-27056622213505062252008-11-18T11:16:00.000-05:002008-11-18T11:16:00.000-05:00Yes, an "Amoco card" or "Macy's card", etc., was o...Yes, an "Amoco card" or "Macy's card", etc., was only good at that store. It wasn't a Visa with a Macy's image or affiliation; it was literally a Macy's card. A big wheeler-dealer would therefore have a portfolio wallet with 10, 12 or more cards for various stores and businesses.<BR/><BR/>It is amazing to think of how times change; today it's hard to imagine *not* using a credit card for the big purchases described in the 1st paragraph of the excerpt -- yet at the same time I can remember the first time I used a credit card to buy groceries; it was 1989 and I was a starving (almost literally) post-grad living in Boston and between paychecks. It seemed quite a folly to use a credit card to buy groceries. Now it's rare for me to use cash to buy anything -- I just took a 7 day vacation in New England; I left home with $60 in cash in my wallet, and still had over $20 on my return.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3904461976821332291.post-84078384475203116322008-11-18T11:02:00.000-05:002008-11-18T11:02:00.000-05:00The cashless, debit card society wouldn't be so ba...The cashless, debit card society wouldn't be so bad if they didn't charge me $1 a transaction with the damn thing.Cory Grosshttps://www.blogger.com/profile/12141983255020503557noreply@blogger.comtag:blogger.com,1999:blog-3904461976821332291.post-87992057018635428852008-11-18T09:19:00.000-05:002008-11-18T09:19:00.000-05:00Were credit cards - even revolving credit cards, a...Were credit cards - even revolving credit cards, as the article described them - not accepted everywhere at this time? For example, if you had an Amoco card, was it only good at Amoco?<BR/>I don't mean to sound ignorant, I'm just young (19) and barely remember when credit cards were charged using a paper form.Anonymousnoreply@blogger.com