The one thing I don’t like about digital payments is that so far, they’ve all been owned/controlled by various major card processors, like Visa. That control really gives those processors a dominant position and basically free money.
Loved the idea behind satoshis. Even tried it out. Even made a little money and got out before it all crashed.
It was an interesting concept until all the mega-grifters showed up to make it yet another speculative commodity to fuel their insatiable gambling addictions.
I consider myself pretty knowledgable in lots of computing topics but even I felt very shakey at the sheer paranoia required to keep digital currency safe. (Assuming it doesn’t suddenly become worthless overnight on its own).
I can’t imagine normies navigating that. And using paypal or a bank or something put you right back at “not your coins” anyway.
Personlly, dumping 100% of it all at once purged a LOT of anxiety.
Plus, accounts are readily trackable on public ledgers. Not very private as soon as various means are deployed to know your public account.
The thing that saddened me most was seeing how much freaking energy and technology was thrown on the pyre of make-believe numbers. The “metaverse”, web3, the fact NFTs even happened. Hardware shortages whenever some new coin figured out how to store a hash on it. Super sophisticated scams everywhere…
If anything it was definitely a psychological experiment to see what intangible nonsense even entire nation-states would devote massive resources to instead of feeding or housing people.
Not to mention the huge mess with constantly changing laws and taxes from officials who struggle to send emails.
Plus, and finally, it was supposed to democratize money unlike fiat currency, but it was worth fiat currency, so the a-holes hoarding all the fiat currency just gobbled up all the digital ones too and tried to sell it back to us.
Oh yeah. Maybe it’s because I’m still in the just-got-my-first-credit-card phase, but damn I love that little piece of plastic. I’m clumsy and suck at using cash, but I feel so graceful with a card.
Agreed. I think cash should always be there as a fallback. But 9/10, I prefer to use card because cash is so dirty, and is harder to keep track of.
If I go to my bank app. I know exactly how much I have. Whereas if I keep cash in my wallet, I have to count it all out and keep track of it in my head. I don’t like that. It’s just more awkward for me.
In my experience with my Apple Watch you have to activate the wallet functionality in order to pay for something by clicking the side button twice, which should make it harder for somebody to just walk around with a terminal charging random people. Phones usually need to be unlocked to make payments too. In theory NFC credit cards could be scanned like this, and if you’re worried about that you can look into NFC blocking wallets… I’m not super worried about it, though, because usually you wouldn’t be on the hook for such a fraudulent charge.
Yes but how do you pay your prostitute? I’m surely not in the mood to explain my wife what’s that $200 transaction on my card from a MELINDA TEEN at midnight that day I was supposed to be late at work.
Guess I’m the only one in the thread that hates cash. It’s filthy and messy. Much better to just beep my watch and move along
The one thing I don’t like about digital payments is that so far, they’ve all been owned/controlled by various major card processors, like Visa. That control really gives those processors a dominant position and basically free money.
This. I love how much easier it is to manage digital make-believe numbers, than tons of leaflets and pucks that represent make-believe numbers.
I just wish the system that handled it was more… democratic? Instead of corporate feudalism with credit scores…
You mean like a cryptographic, decentralized, digital currency?
Loved the idea behind satoshis. Even tried it out. Even made a little money and got out before it all crashed.
It was an interesting concept until all the mega-grifters showed up to make it yet another speculative commodity to fuel their insatiable gambling addictions.
I consider myself pretty knowledgable in lots of computing topics but even I felt very shakey at the sheer paranoia required to keep digital currency safe. (Assuming it doesn’t suddenly become worthless overnight on its own).
I can’t imagine normies navigating that. And using paypal or a bank or something put you right back at “not your coins” anyway.
Personlly, dumping 100% of it all at once purged a LOT of anxiety.
Plus, accounts are readily trackable on public ledgers. Not very private as soon as various means are deployed to know your public account.
The thing that saddened me most was seeing how much freaking energy and technology was thrown on the pyre of make-believe numbers. The “metaverse”, web3, the fact NFTs even happened. Hardware shortages whenever some new coin figured out how to store a hash on it. Super sophisticated scams everywhere…
If anything it was definitely a psychological experiment to see what intangible nonsense even entire nation-states would devote massive resources to instead of feeding or housing people.
Not to mention the huge mess with constantly changing laws and taxes from officials who struggle to send emails.
Plus, and finally, it was supposed to democratize money unlike fiat currency, but it was worth fiat currency, so the a-holes hoarding all the fiat currency just gobbled up all the digital ones too and tried to sell it back to us.
Maybe we’ll get something better in the future.
As opposed to using debit or credit, which is also owned and controlled by all of the major credit card companies.
No, as opposed to using cash.
Cash should always be available and accepted, but personally I absolutely avoid it unless absolutely necessary.
I can’t remember the last time I used cash too buy something.
I only use cash to buy things from people in my area.
Oh yeah. Maybe it’s because I’m still in the just-got-my-first-credit-card phase, but damn I love that little piece of plastic. I’m clumsy and suck at using cash, but I feel so graceful with a card.
What is this comment? Who talks like this?
deleted by creator
Because theft of money via credit cards is a thing thats never happened.
As soon as I could pay for things with my phone, I did. Now I’m annoyed when I can’t.
Agreed. I think cash should always be there as a fallback. But 9/10, I prefer to use card because cash is so dirty, and is harder to keep track of.
If I go to my bank app. I know exactly how much I have. Whereas if I keep cash in my wallet, I have to count it all out and keep track of it in my head. I don’t like that. It’s just more awkward for me.
Watch is more convenient, it’s also insanely insecure. Watch out for NFC scanners in public.
In my experience with my Apple Watch you have to activate the wallet functionality in order to pay for something by clicking the side button twice, which should make it harder for somebody to just walk around with a terminal charging random people. Phones usually need to be unlocked to make payments too. In theory NFC credit cards could be scanned like this, and if you’re worried about that you can look into NFC blocking wallets… I’m not super worried about it, though, because usually you wouldn’t be on the hook for such a fraudulent charge.
Use credit cards and just report fraudulent charges
Yes but how do you pay your prostitute? I’m surely not in the mood to explain my wife what’s that $200 transaction on my card from a MELINDA TEEN at midnight that day I was supposed to be late at work.
the fuck is wrong with you
You don’t pay for sex? You must be a communist!
Fuck off troll
Thank you, you too.