Visa Goes Down in the UK, Chaos Ensues, Cash Is Suddenly King
wolfstreet.com
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Huge fluctuations, multi-hour processing times, $30 transaction fees for a $1 pack of gum. I could go on.
In an ideal society, robots would produce the wealth and humans would only work on science, sports and culture.
Imagine a world that sports would be clean of drugs, science would only be used for good and not for profit, and arts would be only an expression of someone's "soul". (the abstract meaning of soul, not the religious one)
And why are drug-free sports necessarily a desirable outcome? Surely sports played by athletes truly pushing themselves to their limits using all available means would be more interesting than the comparatively tame sports of today.
And why limit the expression of art to the abstract human soul, whatever that is?
A science-excited world without need for money would certainly be excellent. However, a world with a restricted approach to sports, arts, and other culture would just be boring.
>And why are drug-free sports necessarily a desirable outcome? I would just prefer to see people that do things with passion and love instead of profit (Profit as per money).
>And why limit the expression of art to the abstract human soul, whatever that is? I don't mean to limit the expression. What I mean here is again to do things with love and passion and not for money.
>However, a world with a restricted approach to sports, arts, and other culture would just be boring. No restrictions at all. I just dream a world where people will do things they love and not things they have to do in order to make more money.
The banks and Visa could share the credit risks, to give them some incentive to make services that works.
It could create a perverse incentive for fraudsters to take down the system in a way that's outside the control of the banks and Visa, which could mean outages of many more services.
The customer has to sign a copy of the receipt which is then sent to the bank by the store (with next cash drop/pickup).
It's a bit of a chore when the whole system goes down, but at least you can still get your groceries and whatnot.