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Joined 1 year ago
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Cake day: February 17th, 2024

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  • I am.

    I just don’t understand how they can work.

    If you don’t use them for every transaction how do they stay synchronised with the bank’s records of how much you have in your account?

    When the power is out and the bank can’t check their computer, what’s to stop someone turning up with a bank book that says they have £1 in it and saying that there’s more because they transferred it online before the power went out? Or, of course, the book saying they have more than they do because they took some out before power went out?




  • In that scenario most of the food has gone bad anyway and is stuck in distribution centres as the shops can’t send orders up through the supply chain.

    Also, without power most places couldn’t take cash. Tills are computers that do all the maths so the 16 year old serving you doesn’t have to they also track inventory going out.

    The cash that there is is stuck in banks because the banks have no way of knowing what money is yours as we haven’t had bank books for like 20 years already.