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ekk

ekk

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  4. Then they will ask why nobody wants to use their payment cards

Then they will ask why nobody wants to use their payment cards

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  • kolanaki@pawb.socialK [email protected]

    Cash is King.

    forester@pawb.socialF This user is from outside of this forum
    forester@pawb.socialF This user is from outside of this forum
    [email protected]
    wrote last edited by
    #3

    Cash is dead deserped from its place by alternative means far before we invented crypto

    kolanaki@pawb.socialK 1 Reply Last reply
    4
    • forester@pawb.socialF [email protected]

      Cash is dead deserped from its place by alternative means far before we invented crypto

      kolanaki@pawb.socialK This user is from outside of this forum
      kolanaki@pawb.socialK This user is from outside of this forum
      [email protected]
      wrote last edited by
      #4

      And those alternatives would be what, exactly?

      forester@pawb.socialF 1 Reply Last reply
      5
      • kolanaki@pawb.socialK [email protected]

        And those alternatives would be what, exactly?

        forester@pawb.socialF This user is from outside of this forum
        forester@pawb.socialF This user is from outside of this forum
        [email protected]
        wrote last edited by [email protected]
        #5

        Checks and credit The US hasn't been backed by hard currency since the mid-60s. Once we moved off the gold standard, it all became Fiat based on exchange rates

        kolanaki@pawb.socialK F 2 Replies Last reply
        0
        • O [email protected]
          This post did not contain any content.
          P This user is from outside of this forum
          P This user is from outside of this forum
          [email protected]
          wrote last edited by
          #6

          Yeah, I'm going to buy my games with bitcoin now.

          Oh shit, the fee is higher than the price of the game, can I use Litecoin ?

          C M S lena@gregtech.euL bombomom@lemmy.worldB 6 Replies Last reply
          35
          • forester@pawb.socialF [email protected]

            Checks and credit The US hasn't been backed by hard currency since the mid-60s. Once we moved off the gold standard, it all became Fiat based on exchange rates

            kolanaki@pawb.socialK This user is from outside of this forum
            kolanaki@pawb.socialK This user is from outside of this forum
            [email protected]
            wrote last edited by
            #7

            So you don't actually understand what the phrase "cash is king" really means.

            forester@pawb.socialF 1 Reply Last reply
            7
            • kolanaki@pawb.socialK [email protected]

              So you don't actually understand what the phrase "cash is king" really means.

              forester@pawb.socialF This user is from outside of this forum
              forester@pawb.socialF This user is from outside of this forum
              [email protected]
              wrote last edited by [email protected]
              #8

              A paper check is not cash. A credit score is not cash. Physical backed up currency in your hand is cash. And I don't think you can get cash anymore. Only Fiat

              kolanaki@pawb.socialK C 2 Replies Last reply
              1
              • forester@pawb.socialF [email protected]

                A paper check is not cash. A credit score is not cash. Physical backed up currency in your hand is cash. And I don't think you can get cash anymore. Only Fiat

                kolanaki@pawb.socialK This user is from outside of this forum
                kolanaki@pawb.socialK This user is from outside of this forum
                [email protected]
                wrote last edited by [email protected]
                #9

                And guess what cash doesn't need to actually work, unlike credit, checks and crypto.

                E 1 Reply Last reply
                2
                • forester@pawb.socialF [email protected]

                  Checks and credit The US hasn't been backed by hard currency since the mid-60s. Once we moved off the gold standard, it all became Fiat based on exchange rates

                  F This user is from outside of this forum
                  F This user is from outside of this forum
                  [email protected]
                  wrote last edited by
                  #10

                  If by mid-60s you mean 1971...?

                  forester@pawb.socialF 1 Reply Last reply
                  2
                  • P [email protected]

                    Yeah, I'm going to buy my games with bitcoin now.

                    Oh shit, the fee is higher than the price of the game, can I use Litecoin ?

                    C This user is from outside of this forum
                    C This user is from outside of this forum
                    [email protected]
                    wrote last edited by
                    #11

                    the fee might be higher at some points but you're just blabbering. check mempool.space and actually look at what fees are at rn + consider that there are many chains and l2s that can be used for payment. B)

                    B 1 Reply Last reply
                    2
                    • P [email protected]

                      Yeah, I'm going to buy my games with bitcoin now.

                      Oh shit, the fee is higher than the price of the game, can I use Litecoin ?

                      M This user is from outside of this forum
                      M This user is from outside of this forum
                      [email protected]
                      wrote last edited by
                      #12

                      Cumrocket is the way!

                      P 1 Reply Last reply
                      5
                      • O [email protected]
                        This post did not contain any content.
                        M This user is from outside of this forum
                        M This user is from outside of this forum
                        [email protected]
                        wrote last edited by
                        #13

                        Both sides are bad

                        Z 1 Reply Last reply
                        111
                        • kolanaki@pawb.socialK [email protected]

                          Cash is King.

                          E This user is from outside of this forum
                          E This user is from outside of this forum
                          [email protected]
                          wrote last edited by
                          #14

                          I'm in Germany and people believe this. I say, if I have my credit card stolen, I can stop the card with my bank app and be refunded for the purchases the thief made.

                          If they have their 500€ of cash stolen, that's it. It's gone. No amount of crying about how cash is king will bring it back.

                          tropicaldingdong@lemmy.worldT Z B 3 Replies Last reply
                          8
                          • M [email protected]

                            Cumrocket is the way!

                            P This user is from outside of this forum
                            P This user is from outside of this forum
                            [email protected]
                            wrote last edited by
                            #15

                            Thanks for the tip, I'm putting all my life savings into it then.

                            1 Reply Last reply
                            3
                            • kolanaki@pawb.socialK [email protected]

                              And guess what cash doesn't need to actually work, unlike credit, checks and crypto.

                              E This user is from outside of this forum
                              E This user is from outside of this forum
                              [email protected]
                              wrote last edited by
                              #16

                              An economy?

                              kolanaki@pawb.socialK 1 Reply Last reply
                              1
                              • forester@pawb.socialF [email protected]

                                A paper check is not cash. A credit score is not cash. Physical backed up currency in your hand is cash. And I don't think you can get cash anymore. Only Fiat

                                C This user is from outside of this forum
                                C This user is from outside of this forum
                                [email protected]
                                wrote last edited by
                                #17

                                paper checks are cash

                                1 Reply Last reply
                                1
                                • E [email protected]

                                  An economy?

                                  kolanaki@pawb.socialK This user is from outside of this forum
                                  kolanaki@pawb.socialK This user is from outside of this forum
                                  [email protected]
                                  wrote last edited by
                                  #18

                                  All four of them require that.

                                  1 Reply Last reply
                                  2
                                  • P [email protected]

                                    Yeah, I'm going to buy my games with bitcoin now.

                                    Oh shit, the fee is higher than the price of the game, can I use Litecoin ?

                                    S This user is from outside of this forum
                                    S This user is from outside of this forum
                                    [email protected]
                                    wrote last edited by
                                    #19

                                    Litecoin is cool.

                                    1 Reply Last reply
                                    2
                                    • ssupii@sopuli.xyzS This user is from outside of this forum
                                      ssupii@sopuli.xyzS This user is from outside of this forum
                                      [email protected]
                                      wrote last edited by [email protected]
                                      #20

                                      This exists too ::: spoiler spoiler
                                      https://coinstats.app/coins/8fZL148nnC168RAVCZh4PkjvMZmxMEfMLDhoziWVPnqf_solana/
                                      :::

                                      1 Reply Last reply
                                      0
                                      • P [email protected]

                                        Yeah, I'm going to buy my games with bitcoin now.

                                        Oh shit, the fee is higher than the price of the game, can I use Litecoin ?

                                        lena@gregtech.euL This user is from outside of this forum
                                        lena@gregtech.euL This user is from outside of this forum
                                        [email protected]
                                        wrote last edited by
                                        #21

                                        Bitcoin is pretty old, newer cryptocurrencies are more efficient.

                                        Z explodicle@sh.itjust.worksE 2 Replies Last reply
                                        7
                                        • C [email protected]

                                          the fee might be higher at some points but you're just blabbering. check mempool.space and actually look at what fees are at rn + consider that there are many chains and l2s that can be used for payment. B)

                                          B This user is from outside of this forum
                                          B This user is from outside of this forum
                                          [email protected]
                                          wrote last edited by
                                          #22

                                          A dollar in fees is a dollar more than with fiat for the person paying. That and do you expect enough normal people to learn about L2s and chains to make it worthwhile for Valve or whoever to implement support for anything besides the main chains of 2-3 major cryptos and stablecoins on ethereum main?

                                          bombomom@lemmy.worldB C infinitesunrise@slrpnk.netI 3 Replies Last reply
                                          5
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