For 50+ years an essential part of my budgeting has been to pull $x from the bank once a week. When I'm low on cash I start thinking "do I really need this?" When I'm out of cash I quit spending money.
Now that places only take credit or debit cards that strategy goes out the window. What we really need is a card that A) is not directly connected to my bank account; B) is not directly traceable to me; C) is easily refillable at the ATM, and D) has a display on it sho
I just had this great idea for a fabulous new technology! I'm calling it CASH. Here are some of its features: Transactions are unhackable. No need to worry about who stole your credit card info every time a retailer suffers a security breach.
Transactions not stored in any bank's database forever, to be sold to unknown third parties at any time in the future, for any purpose.
No middleman taking a percentage of every transac
Even then, there are too many state actors who would want to disrupt internet connectivity in Europe. Keep It Simple and Stupid is actually a good strategy. Off course, it is also nice that no institution monitors everything you pay for, and can deny payments at any time.
We have plenty. The mistake you make is thinking we use credit cards. Right at this moment Wero is being rolled out, which is a debit-card payment system that has much lower overhead (no middle man), and no extortion interest rates (as it is a direct relation with your bank). The only reason I ever use credit cards is to deal with legacy American companies that still live in the past. You can keep your visa.
What do you think the "E" stands for in EMV? It's not electronic. It refers to Europay.... alongside MasterCard and Visa.
Europay is the European payment network.
But not accepting cash is a form of class discrimination in the end - it means you don't do business with the unbanked, which means you already exclude a certain class of people.
(Plus, there are many reasons to stick with cash - if you're broke, for example, and have a hard time sticking with budgets - tracking your budget with cash is often far eas
For 50+ years an essential part of my budgeting has been to pull $x from the bank once a week. When I'm low on cash I start thinking "do I really need this?" When I'm out of cash I quit spending money.
Now that places only take credit or debit cards that strategy goes out the window. What we really need is a card that A) is not directly connected to my bank account; B) is not directly traceable to me; C) is easily refillable at the ATM, and D) has a display on it sho
I just had this great idea for a fabulous new technology! I'm calling it CASH. Here are some of its features:
Transactions are unhackable. No need to worry about who stole your credit card info every time a retailer suffers a security breach.
Transactions not stored in any bank's database forever, to be sold to unknown third parties at any time in the future, for any purpose.
No middleman taking a percentage of every transac
We have plenty. The mistake you make is thinking we use credit cards. Right at this moment Wero is being rolled out, which is a debit-card payment system that has much lower overhead (no middle man), and no extortion interest rates (as it is a direct relation with your bank).
The only reason I ever use credit cards is to deal with legacy American companies that still live in the past.
You can keep your visa.
What do you think the "E" stands for in EMV? It's not electronic. It refers to Europay.... alongside MasterCard and Visa.
Europay is the European payment network.
But not accepting cash is a form of class discrimination in the end - it means you don't do business with the unbanked, which means you already exclude a certain class of people.
(Plus, there are many reasons to stick with cash - if you're broke, for example, and have a hard time sticking with budgets - tracking your budget with cash is often far eas