Wednesday, April 09, 2008

Digital money

How do you feel about getting rid of US currency and making everything digital from a card with a thumb print or number code?

Would it stop the drug trade?
How could you be robbed?
Would it help make life easier or harder?
Would this allow the government to have to much control?

$$$ Ryan Brown (1:00)

22 comments:

English student said...

I THINK YOU ARE RIGHT BUT THERE IS LOTS OF COST INVOLE DOING THIS. I DONT THINK IT WOULD STOP DRUG TRADE BECAUSE DRUGS BEEN AROUND FOR CENTRY AND AS YOU MIGHT KNOW SOMEOF OF US MIGHT JUST FIND OTHER WAYS TO GET THEM. HUMAN IS MOST POWER FUL PERSON TODAY AND WE ARE LOT SMARTER THEM COMPUTERS WE CAN THINK AND I DONT THINK IT WOULD MAKE ANY DIFFRENCE. YES I THINK IT CAN BE ROBBED JUST LIKE CREDIT CARDS. WHEN YOU USE THEM ONLINE SOMEONE GETS HOLD OF THEM AND USE THEM AT WRONG PLACES. AND YOU END UP PAYING FOR IT. I THINK IT WOULD MAKE IT LOT HARDER BECAUSE THEN EVERYONE HAS TO HAVE TECHONOLY GO ACCPET THOSE CARDS. I DONT THINK GOV'T WILL HAVE ANY MORE CONTROL OVER THIS. THEY HAVE BEETER THINGS TO WORRY ABOUT

ASHISH M PATEL

Anonymous said...

My frineds and I were actually just talking about this and feel iot will be an all eletronic currency country in 15 years. It seems pretty logical considering the advancments we have made in the last 5 years using debt cards for nearly anything. I don't believe it would stop drug trade becasue I am sure people will make a plan to trick the system. It seems the only way you could rob someone is by identity theft. It would make life about the same I think. For one thing you would not have all that change around and losing ones and fives everywhere you go, but it would all be plastic and if you didn't have your card then you wold be screwed. It would allow the goverment to have control over much more of the poppulations information. Overall I think it is a godd idea and we will see it beofre we hit fourty!

Anonymous said...

I think if all money was digital it would make drug transactions more difficutl, however i don't think it would stop them. It would make it harder for you to get robbed but once you got robbed it wouldn't be just a little bit of money though, it would be your entire life's savings. I think it would make a lof of things in life easier, but not nessicaraly life. I do not think it would give the government too much control. Because really YOU are still controlling all of the transactions of your money.

Anonymous said...

I think that its a good idea and that one day thats the way things will be. However, I do think that it would allow the government have alot of control. It could make life easier in certain ways like you wouldnt have to worry about getting robbed, and I think it would stop alot of the drug problems.

Anonymous said...

I think it will be along time before we get rid of the US currency, some people will never use things like debit or credit cards because they don't trust the systems that use them.We will never stop the drug trade, they will always find ways around any blocks that are put up. It will be much harder to be robbed in person, but much easier to have your numbers stolen either online or at at store if you aren't very careful. Life would be easier for many of us, because we would only have to carry a card and no wallet or purse. The goverment would know way too much about our spending and lifestyles which for most of us this is a very private matter.

Anonymous said...

Getting rid of actually currency is a great idea. A card might not be the best idea because people lose things alot and that might become one of them. I do believe the thumb print would become a good idea. Nothing will stop the drug trade; the government can't even stop the drug trade as it seems. With the card you could get that stolen as easily as you could money. The thumb print would be harder to steal, but all someone has to do is wait till you touch something then go through a few procedure to have it printed out. To me it would make life easier. People are always in a rush and this would help if you could just swipe your card or print your thumb in like 2 seconds. I don't think the government will have anymore control then they already do.

English student said...

How do you feel about getting rid of US currency and making everything digital from a card with a thumb print or number code?
Would it stop the drug trade?
How could you be robbed?
Would it help make life easier or harder?
Would this allow the government to have to much control?

I think that the way it is now would be best for the rest of time. Having the opportunity to actually carry cash in hand can boost peoples' confidence in knowing that they worked hard for it. With the Credit and Debit Cards, people have the freedom to purchase online materials by typing in numbers, they have the choice to either slide a card through a reader and type in four numbers, or they can slide it trough and sign a piece of paper while shopping in-stores.
If the government decided to go with only thumb prints and/or number codes, then it would be a lot harder to keep track of how much money is actually out there. Americans and other citizens would just get confused because some of them don't understand computers or they would not be able to track their money's spent.
By having the above mentioned money system, life would be twice as hard.
No the government would not have too much control. In fact, they would have less control. But it would, in a way, decrease drug trade by a lot. This wouldn't allow people to make purchases without a computer system that reads and takes thumb prints or just a code.
Finally, it would be more difficult to rob people of their money, but it would defenitely be possible.

Anonymous said...

I think that the way it is now would be best for the rest of time. Having the opportunity to actually carry cash in hand can boost peoples' confidence in knowing that they worked hard for it. With the Credit and Debit Cards, people have the freedom to purchase online materials by typing in numbers, they have the choice to either slide a card through a reader and type in four numbers, or they can slide it trough and sign a piece of paper while shopping in-stores.
If the government decided to go with only thumb prints and/or number codes, then it would be a lot harder to keep track of how much money is actually out there. Americans and other citizens would just get confused because some of them don't understand computers or they would not be able to track their money's spent.
By having the above mentioned money system, life would be twice as hard.
No the government would not have too much control. In fact, they would have less control. But it would, in a way, decrease drug trade by a lot. This wouldn't allow people to make purchases without a computer system that reads and takes thumb prints or just a code.
Finally, it would be more difficult to rob people of their money, but it would defenitely be possible.

Anonymous said...

I think that it could help in some of those areas that you have asked about, but I also think that it would be a lot harer then you think. You and I both know that drug dealers are smarter then the average everyday person. So no matter what they would find a way to get their product out to the public. They would also find a way to get their money. It would be easy to get robbed they would just steal your card. It would be just like a debit card. all they would have to do is know your PIN or take your finger print off of something you just touched. I know that sounds extreme but if you wanted the money bad enough people will do anything to get it. It would make life 10 times easier but is easier always better? Tons of people would be out of jobs and what if the computers crashed that had everyones money in it. Or what if there was a black out and no one could use the card for that time the power was out. Lastly the government has all the controll now. Its just the what ifs that make this a tricky situation.

Anonymous said...

I think making everything digital from a card with a thumb print or a code number would be nice. I think it would make it somewhat easier simply because a person wouldn't have to carry change or money around. But as far as stopping the drug trade, I don't think that would work. I believe someone, somewhere would figure out a way to get money somehow. I think people could still get robbed. If someone is at an ATM machine late one night and another person decides they want money, all they have to do is threaten that other person and have them scan their thumb or finger and there goes the money. I don't think the government would have much control at all.

Anonymous said...

I think that this countrys money will become more and more digital in the near future. At the same time i belive there are people out there who will always want to use paper money. I personaly enjoy the conveince of a credit card, first of all you get to rent sombodys elses money for a month, also there is no change involved. IN all i think the convience of digital money will win the younger croud over. Lets just hope we can be responsible with whatever form of money we have

English student said...

Nothing is better than cold hard cash. I would never want to get rid of the US currency. Making everything digital is a horrible idea. It would never stop the drug trade it would just change it. You could become a victim of robbery if someone hacked your account. It would make life hard because you could not use cash. The government needs less control in our lives not more. I would never want this kind of change to happen.

From Steve Gratkins (9:00 a.m.)

English student said...

I think it is a good idea. Stopping drug trading would be awesome. I am sure the drug dealers would find a different way to trade. They could do the wiring money or something. I think the debit/credit cards have really taken over. I don't know about the robbing. Some people are really good hackers. They could steal your cards. But if it was with the thumb print or number code, it wouldn't be that bad. It would definitely make life easier, just using your thumb. that is pretty cool.
how would the government have control? I think it would be making everything more secure.

Katelyn Watterson 9:00

Anonymous said...

I think that this would give the government too much control. I'm not religious but I went to church a few years ago and there was a sermon given stating that it was going to happen and that it was the sign of the anti Christ. They said that when this happens the apocalypse will begin anyone with the mark will not be saved. Therefore, I don't think that some people would go along with it. I do think that it would be a good idea from everything you mentioned above though!

English student said...

I believe that it would be alot easier to switch everything digital but I also think there are some major downfalls of it. I believe it would be easier for people to lose there whole savings instead of just a little money out of their pocket when robbed. I also think that it would not stop the drug trade because I'm sure they will find ways to trade the drugs anyway. Plus, if you were to change everything it would be more difficult for people who aren't use to using computers, etc. to figure out how to get to and spend their money. Because my grandparents barely know how to use a cell phone let alone try to figure out how to buy some groceries if everything was changed digitally.

Justin Stout 1:00

English student said...

It wouldnt stop anything because everyone would adjust and find a way to beat the system. The government would have more power than they already have. It wouldnt stop the drug trade it would probably increase robberies and home invasions because if there is no money to get you can only get merchandise to sell. They need to just leave things how they are and keep it that way.

Justin Peacock 1:00

English student said...

I don't like the idea of getting rid of U.S. currency. I do believe that it would allow the goverment more control by monerting what we spend and when. When it comes to being robbed thieves would just become high tech and work around any system that will be made. With the drug trade who ever wanted to get money would find some addict and use thier card so nothing would be traced to the dealers. Just like what happend when food stamps became digital. With the rest of the people i think it is better to have more than one way to do things. What if you lose your card, what happens then? if you have more than one way you wont be stuck until you get a new card. So, I don't think digital would be a good thing.
Danny W (8:00 a.m.)

Anonymous said...

Overall, it would take a while to get used to it and would be rather expensive to implement it, but switching over to all digital money would be beneficial in a lot of ways. The thumb print or code would make all money personal and would be much harder to steal. It would be like everyone using high-tech debit cards, which is not a bad idea at all.

I don't think it would entirely stop the drug trade, but it would cut down on drug trafficking a lot because it would be harder to get around the system if everything was all digital. Dealers would probably sell drugs under different names to make them seem like regular products and would find a way to develop their own digital system, but it would limit drugs a lot.

Also, it would be a lot harder to rob someone since the information is personal and digital. You can't just steal their card because you still need the code or their thumb print. Ambitious criminals would still find a way, by threatening your life or something, but crime would also decrease by a lot.

I think it would help make life easier because people wouldn't have to fumble around with bills or coins anymore, they could have peace of mind when walking down the streets without much of a threat of getting robbed, and they would have less to worry about.

I don't think it would give the government too much control because it is not too much different from the electronic payment, Paypal, etc. society that we live in now. I don't think it would be any easier for them to access your account with the new system than it is now.

English student said...

I wouldn't mind making everything digital, that might be alot easier then having to go to the bank all the time. I think if it ever would happen it needs to be in fingerprints. I believe it would definately stop the drug trade. I don't see how there would be a way to give drug deelers money. You would never be robbed or have anyone take your identity because of finger prints. I am really unsure about the government being in control. I wouldn't want them to be in control of my money because they are in control of everything else.
Jennifer Woodward (12:00)

Anonymous said...

I think a thumb print would be the best way because you dont have to ever worry about anyone stealing your card and making several purchases. A number code seems to be going around already. Instead of having to sign off on your purchases they make you type your code to verify. With the print it would eliminate online purchases, which would be a negative. It would make drug trade a lot more difficult, but wouldnt eliminate it. People would find a way to deal drugs no matter what. It would make it much more difficult to deal drugs, but people could start exchanging for goods or services instead of money. I don't think it would make anything more controling. We already have to show ID when we make purchases, so there wouldnt be much of a difference.

English student said...

I think that would probably make things difficult. i dont think that oit would stop the drug trade, because people always find ways to get around it. you probably could not be robbed, but if you needed to how would you be abe to give people money? if your able to give people money then you are able to buy and sell drugs. yes the government would have to much control over our money and if anything goes wrong we could possibably loose everything.

--Twila Douglas

Anonymous said...

I think that digital money has advantages as well as disadvantages. It would make it difficult for the drug trade,but that would not stop the drug trade,they would no doubt have someone on the inside.People would still get robbed-for example if its changed to thumb print,a lot of people would lose thier thumbs to get robbed. It would make life harder if thier was a electrical outage or power outage. Also think of all the money it would cost the government to switch to digital money. It would also give the government total control,like if you are in dept,they have acess to your money. I'm thinking we should stick to our real money for the time being-maybe in the distant future.