Forum Discussion
Lantley
Apr 08, 2018Nomad
pnichols wrote:Crowe wrote:
What are you going to do when everyone stops accepting checks? A lot of places not longer take them. I don't have the time nor energy to write out checks, put them in the mail and hope the PO doesn't lose them. The only time I've ever had my identity stolen was off of a check years ago. Have I been hacked-yes, multiple times but I KNOW I've been hacked immediately-I monitor all my accounts online daily. I don't have to wait for a paper statement to come. Many banks also will not send out a paper statement any more. Each to their own but my time and convenience are far more valuable than worrying about the risk.
And .... what are you and millions of others who rely too much on "paperless" going to do when the Internet goes down for weeks and/or months in a large area where you/they happen to live?
Study up (some of the info is classified, however) on exactly what's going on within the guts of our wonderful Internet system. It might seriously scare you from an "ultimate reliability" point of view.
Or course I use the Internet (with a very complex password and with dual source verification) for our financial life ... BUT I still have all account information in hardcopy form for backup. IMHO - the Internet WILL FAIL someday - and in a big way. May God help us all when that happens.
Yes and if the internet fails unless you have your money under the mattress you will be caught in the same dilemma as the rest of the world.
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