5 ms·
We won't be using bank notes in 50yrs. Should be all digital.
by menzoic 7y ago
We won't be using bank notes in 50yrs. Should be all digital.
- tim333 7y agoI remember similar sentiments about am radio, paper books, vinyl records and the like but things tend to stick around.
- sneak 7y agoMost consumers don’t use any of those things any longer.
- Anechoic 7y agoMost consumers don’t use any of those things any longer. Vinyl records, yes (mostly). I'm pretty sure the other two things are still in pretty wide use. [0] https://money.cnn.com/2017/04/27/media/ebooks-sales-real-books/index.html https://money.cnn.com/2017/04/27/media/ebooks-sales-real-boo... [1] http://www.insideradio.com/who-s-listening-am-radio-by-the-numbers/article_a65caa4a-54b6-11e7-b58d-df9c58fd262d.html http://www.insideradio.com/who-s-listening-am-radio-by-the-n...
- sneak 7y agoSomething can be in widespread use and not hit the 51% threshold required by “most consumers”.
- spenczar5 7y agoClaim 1: there will be no paper money at all. Counter: obsolete things last longer than you think. Riposte: obsolete things are not used by most people. Counter-riposte: still used by many people. Counter-counter-riposte: technically, many != most. Somewhere, I think the original point was lost. This has been HN comment theater, the greatest arena of technical-yet-irrelevant correctness you can find.
- benj111 7y agoTechnically, I think you'll find that the new £50 notes won't be made out of paper at all. https://en.m.wikipedia.org/wiki/Polymer_banknote https://en.m.wikipedia.org/wiki/Polymer_banknote
- buckminster 7y agoIt's all moot anyway. Banks don't issue £50 notes and nobody accepts them. Which is really very weird because a fifty now is only worth what a twenty was when I started work. And back then twenties were commonplace and fifties weren't especially rare. I suspect they only exist now to facilitate sketchy payments by HMG.
- dahart 7y agoVinyl sales have been increasing considerably for a decade. https://en.wikipedia.org/wiki/Vinyl_revival https://en.wikipedia.org/wiki/Vinyl_revival
- viraptor 7y agoAM radio is actively bring phased out in some places. For example in Australia.
- bencollier49 7y agoPaper books? That's nonsense.
- astura 7y agoVinyl is niche but pretty much everyone I know uses paper books/newspapers/magazines and occasionally radio. I'm listening to radio right now.
- jen729w 7y agoWe bought an old FM radio - a beautiful NAD [0] from the 80s for $40, as it happens - because we like having music on in the background and the iPad/wireless combo just isn’t anywhere near as good as “the wireless”. You know what the NAD has never done? Just stopped playing for no reason. Stopped playing because someone called. Stopped playing because a video played on a website. Stopped playing because the battery ran out. Stopped playing because my wifi did whatever. And so on, so forth. We listen to vinyl for the same reason. [0]: http://www.fmtunerinfo.com/NAD4300.jpg http://www.fmtunerinfo.com/NAD4300.jpg
- _puk 7y ago> .. Stopped playing because my wifi did whatever. And so on, so forth. > We listen to vinyl for the same reason. Agree with your points entirely, except, you can't even get a whole album play through on vinyl without interaction.. modern information density is much improved. HD vinyl [0] should be interesting, if just for that reason alone. Old tech, modern twist. 0: https://hdvinyl.org/ https://hdvinyl.org/
- deleted 7y ago[deleted]
- dghughes 7y agoPeople in the path of Hurricane Dorian probably don't agree. Sometimes the simplest solution is the best solution. edit: Then one second later I scroll down and read about Zimbabwe using Tesla Powerwall batteries to keep their digital currency available.