Re: Demographics in fantasy kingdoms

On 3 Jun, 19:41, thro...@xxxxxxxxx (Wayne Throop) wrote:

:: Oh, similar proportion that now have the wherewithal to have an email
:: account on yahoo or google or hotmail or whatnot.

: Quadibloc <jsav...@xxxxxxxxx>
: Not hardly; one can pay cash for internet access; for a credit card,
: one needs to own a house or a car, preferably both.

Which would be interesting if the topic involved credit cards.
But it didn't, so it's a bit of a non-sequitur.

The topic was, could currency be made virtual, what with poor people
needing to pay for their necessary virtual wallet.
My point was, the
price of a virtual wallet is declining, and will soon (or even could be
now) negligable.

in my country (UK) this has pretty well happened. If you have a
"proper" job (that is legal, pay taxes etc) then you pretty well have
to have
a bank account. You're paid into your bank account. Emploers like this
because they don't have to handle money or make up wage packets.
Debit cards included with the deal. Yes this applies to mini-minimum
wage and/or Macdonalds (my friend was forced to get a bank account
when she worked at Macdonalds).

So how come they aren't "nickled and dimed"? Well cash macines (ATMs)
were doing this @50p (a dollar) a transaction. Which is alarge
percentage of
a small transaction. The banks got shouted at so stopped doing it.
Some banks are selling their cash machines to non-banks who charge
and don't mind being shouted at ("but we're providing a public
service").
Chargeing ones are not common (where I live). Current accounts are, at
the moment, free. There are non transaction charges. Banks make money
by charging large fees on people who overdraw. This can cause an
avalanche

- your standing order has insuffienct funds (charge ukp10)
- re-submission of SO (ukp10)
- you are overdrawn (ukp 10)
- another so has insuffiecient funds...

and so on. The courts are deciding if this is legal. If it isn't
then I assume that's goodbye to "free banking"


That is, by the implication of free email accounts,
which are a virtual mailbox. If people can afford a virtual mailbox,
I don't see why they couldn't afford a virtual wallet. True, right NOW,
banks charge for debit cards and/or require minimum balances, and require
collateral and/or a credit history for credit cards. But that's not
what I'm talking about. I was talking about the feasility of replacing
the currency infradstructure.

take a look at Estonia

--
Nick keighley
.

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