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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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  • 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
                            • E [email protected]

                              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 This user is from outside of this forum
                              tropicaldingdong@lemmy.worldT This user is from outside of this forum
                              [email protected]
                              wrote last edited by
                              #23

                              You are only considering half the issue. If you manage to "aquire" 500 in cash...

                              1 Reply Last reply
                              5
                              • F [email protected]

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

                                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
                                #24

                                I seem to have gotten the beginning of the process and the final cutoff date. Confused. That would be the cutoff date, not when they started to restrict the ability to convert

                                1 Reply Last reply
                                1
                                • M [email protected]

                                  Both sides are bad

                                  Z This user is from outside of this forum
                                  Z This user is from outside of this forum
                                  [email protected]
                                  wrote last edited by
                                  #25

                                  This. Corporate shit weasels or supporting human trafficking.

                                  S 1 Reply Last reply
                                  10
                                  • M This user is from outside of this forum
                                    M This user is from outside of this forum
                                    [email protected]
                                    wrote last edited by
                                    #26

                                    Yep. Just because one side is bad, it doesn't mean the other is any good.

                                    Cryptocurrency is still dependent of a pyramid scheme and criminals-enabling. Credit card companies are still a private owned government branch with no concern for human rights and criminals-enabling.

                                    bombomom@lemmy.worldB dreadbeef@lemmy.dbzer0.comD eugenevdebs@lemmy.dbzer0.comE R P 5 Replies Last reply
                                    65
                                    • lena@gregtech.euL [email protected]

                                      Bitcoin is pretty old, newer cryptocurrencies are more efficient.

                                      Z This user is from outside of this forum
                                      Z This user is from outside of this forum
                                      [email protected]
                                      wrote last edited by
                                      #27

                                      I'm glad we're spending the equivalent of a couple dozen million households of electricity on it

                                      infinitesunrise@slrpnk.netI ilovepiracy@lemmy.dbzer0.comI eugenevdebs@lemmy.dbzer0.comE 3 Replies Last reply
                                      16
                                      • E [email protected]

                                        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.

                                        Z This user is from outside of this forum
                                        Z This user is from outside of this forum
                                        [email protected]
                                        wrote last edited by
                                        #28

                                        Paying in cash doesn't cost extra, by card does

                                        R T 2 Replies Last reply
                                        1
                                        • 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 ?

                                          bombomom@lemmy.worldB This user is from outside of this forum
                                          bombomom@lemmy.worldB This user is from outside of this forum
                                          [email protected]
                                          wrote last edited by [email protected]
                                          #29

                                          The current Bitcoin transaction fee is $0.67. Which means for a purchase larger than $34, Bitcoin is cheaper than the average credit card transaction fee.

                                          bleistift2@sopuli.xyzB tdawg@lemmy.worldT _ D 4 Replies Last reply
                                          19
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