It’s discrediting valid concerns against card-payments. It’s invalidating how great cash is.
It’s when the worst person you know makes a good point.
And things now are so Culture-Wars-y, nobody makes solid analyses any more, that when the far-right say cards are bad, everybody jumps to thinking cards are good.
the lack of privacy with cards is primarily what is giving you security with them. trust factors will always exist somewhere in the chain.
to be more to the point of the post, though, you can agree with a person’s singular opinion without supporting or agreeing with that person.
The lack of privacy is kind of the point. I can never go back to cash. Yes, there’s a ton of problems with credit cards and definitely censorship issues, but the pros still heavily outweigh the cons. Money is dirty, messy to deal with, change is a nightmare, can get lost, can get stolen, can’t really carry around large amounts, and is generally really bulky to carry around.
Uhh yucky money!
I must live in a glass bell to protect me and never ever let my immune system do its job!
Sounds like one of those people in infomercials who can’t handle pouring juice in a cup. Cash is a nightmare, bulky? Really?
Have you ever put cash in your wallet? It gets fat really quick. Not to mention, who wants to carry dirty coins around. Cash in general is disgusting.
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Why do you carry coins around…?
Because not everything we buy adds up to an exact dollar amount?
If only there were some way to exchange coins for notes…imagine if someone even invented an automated machine that could do it in seconds! But I guess that will never happen. Nope, just gotta keep hauling my sack of coins around like I’m in some old Disney cartoon…
You do that after every single cash transaction?
Surely there’s a long period between that and a transaction, I don’t know why I have to explain such an incredibly basic thing. This is what like every single person does.
What a strange person.
No, you obviously don’t do it after every transaction. You save the change until you have plenty saved up and then exchange it for bills. This is what like every single person does.
What a strange person
And so we return to my original question: why do you carry coins around?
While the last pandemic investigation showed that those machines where you put in your pin in supermarkets had more bacteria/viruses than cash. Much more people using those terminals more frequently than any same coin or same bill.
Digital money is stolen more often and in higher amounts. People who are glorifying credit cards do it until they got scammed or hacked and loose all their savings or even their identity. They go from “credit card fuck yeah” to “why have I been so stupid?” within a minute.
And why would you even carry a large amount of money with you? People who use cash, use common sense in general.
Credit cards have charge backs and fraud protection, buddy. You are significantly safer using them. That’s the benefit to them being privacy invasive.
Using chip is also a bit cleaner then swiping. You also don’t use just a single dollar bill or coin, you are touching multiple quantities, giving and receiving.
Also your other replies are super toxic and you talk like a child so I’m just going to block you here.
Always those pathetic people overwhelmed by their own lives…
Are there reasonably okay options to paying digitally without the surveillance part (or at least less of it as compared to credit cards?) Blockchain is a nonstarter due to the practical limitations in sustaining proof of work and stake.
No. You can’t have privacy and also a ledger required to prevent money laundering and other scams.
Everyone needs privacy, especially people whom you hate.
Don’t worry, this time next week they’ll be on to the next thing to be angry and afraid about.
Great, so they get payment processors to refuse “dirty” merchants (aka porn) and then jump ship from them anyways?
but cash sucks
I agree cash sucks in may ways. But in may ways cash is extremely good. For example privacy wise cash it king as it is for the most part is untraceable. I take $1,000 out of the bank. And it is much harder for anyone but myself to keep track of where I am spending that $1,000. Vs a debit/credit card the banks have a complete logs of everything I am buying. And potentially the retailers could be tracking my purchases via my card as well.
I thought the government was tracking the serial numbers on larger bills that were dispensed through ATMs? I didn’t hear that from a reliable source, but it seems pretty simple from a number of transactions standpoint.
It wouldn’t surprise me if they do. Lets say I get $100 bill out of the ATM, if the government wanted to track that bill. They would need to find that bill again and then try to back track the route the bill took to me. A very time intensive task and ultimately could lead to a dead end. After all how many people keep track of the serial numbers of your large bills?
Compare that to a card. Literally everything about it is tracked, it is all done automatically and can be acquired from the bank.
no
Cash is bad, but better than CBDC
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they’ve always done that
They will always correctly identify the pincers and the stinger, but they will never mention a scorpion.
If its the same point, and you agree with it, wouldn’t it be stupid to not agree with the same point, but said by someone else you hate?
Oh so it’s not just my country where for some reason the right suddenly is super fussed about cash. I just assumed they made some supid press conferences again to distract from some scandal, as they do.
Having the option to pay cash is super important for privacy, but those people do not have our best interest in mind.
yeah, I keep seeing some graffiti calling people to pay by cash in order to “stop NWO” around here. yuck.
Visa is an evil genius
I already see where this is going. The far-right is going to fuck up their credit scores even worse and then blame the NWO or wokeness or socialism or anything but their own stupidity when they cant get a car loan in 3 years.
The WEF is the current bogeyman.
You dont need a credit score to borrow money. I own crypto that i can borrow against as collateral for a loan. Plus i can keep it out forever as long as i pay at least the interest payment. I obviously dont do that, but i could. You do have to be careful with borrowing from crypto or stocks since they fluctuate and you could get liquidated, but i am allowed to borrow up to 70% of the face value and i have a personal cap of 35% so i never run into that.
What do the people who don’t have money do?
Dont borrow money. About the worst thing you can do is go into debt
The car I need to go to work? Was I suppose to be born with 3-15K for that car? The House I want to buy. guess I just need to dig though the laundry for that 500K I left in my pants pocket?
I am all about not going into debt but often times it is a necessary evil.
Ah, we are thinking different debts. A car is like 7% and a house is like 5%. I am talking credit cards at 20-25% as being the real problem. If you have assets like stocks or crypto and need to replace the water heater you can get $500 at 6% instead of the 20% you would pay on a credit card. $1000 is enough to borrow $500 and be at 50% utilization, though $1600 would be better since that would only be 30% utilization. Plus you get to keep the interest bearing asset while younpay the loan off which you could use to lower your paid out of pocket interest even farther.
Doesn’t your credit score affect the type if interest you will get even on an assets lone? My understanding at least in the US credit scores affect basically all credit lines. That is why they recommend getting a credit card to help built you score. As long as you pay it off every month it is basically free use of someone else’s money. That builds up your credit score.
Yeah, if you are borrowing from stocks your credit score is a factor. However, the APR will still be way lower than any CC. With a crypto loan like i use no credit score is needed at all, just the assets to borrow from.
You essentially just said “I have money to borrow money against”.
If you had an account with $100k and can borrow up to $70k against it, that isn’t really taking out a loan as it is just borrowing your own money.
Your argument essentially boils down to “just don’t be poor”. The people who need credit and to borrow money are those who don’t have the collateral to spend it otherwise.
You’re just essentially advocating for what rich people like Elon musk do. Take out loans against their stocks so they don’t actually have to liquidate their stocks to get usable cash.
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Sane and reasonable people spent several decades advocating the use of cash instead of cards since at least the 1970s, until we mostly gave up. Who knows, maybe the newly invigorated crazy people will do better. They can’t do much worse.
Paying in cash means I have to go to an actual store and talk to someone in person. No thank you
ATM’s make pulling out cash an option without human interaction, plus there’s exponentially less tracking possible. Seems like a win-win, especially when you take into account some banks are revoking the option to pull out cash.
What? Talking to a cashier is dreadful? That is why your againsh cash?
