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I'm seeing this happen more and more.
People will be OK with it until they fall out of favour or their new coin doesn't work to buy them a hamburger because it was programmed only for a soy burger.
I laid in bed just this morning thinking about how fantastic lightning infrastructure is. My node, talking to other network nodes, no intermediary, to maintain channel state. No bankers, no government, no issuer. Just purely magic internet money. What a timeline.
Yeah it's damn cool but people are just lazy and are willing to go with the past of least resistance. Wide is the path that leads to destruction
Cash is very clearly on the way out (more in the states than Europe, I can't speak to other places). There is no way to save it.
The question is just what will replace it. Credit cards have the first mover advantage. Maybe PayPal or Google/Apple pay type apps take over -- but our hope is in the greedy politicians who think they should be able to surveil and control every transaction. If the financial control regime is inconvenient enough, maybe there's a move towards the things that disregard such regulations...and as far as I can tell, there's only one of those that can actually do what it claims (Bitcoin).
the park attendant just shrugged
If guy can't get a credit card then maybe he will do more than shrug.
If guy can't get a credit card then maybe he will do more than shrug.
- walk into credit union
- deposit cash
- ???
- congratulations, you have a debit card [and some delta inflicted upon your credit score]
if "Bitcoin Jesus" took his epithet seriously, he'd have been working his way up corporate ladders from the tiniest shithole credit union he could find after hitchhiking, rather than shilling financial fireworks.
If guy can't get a credit card then maybe he will do more than shrug.
The thing is they market credit cards to anyone with a pulse, and even some without. The name of the game is make it easy to use, consequences be damned.
Yeah, I'd sort of assumed that the "this is legal tender" message on US currency meant that places had to accept cash, but in fact, that's not the case.
That's what I thought too. Turns out, the gov't will regulate all sorts of alternative currencies and tell you what you can or can't use to pay for things, but then they won't even guarantee that merchants will accept the one physical note that the gov't itself issues, preferring to force you to rely on private companies' payment networks
I was just at a major amusement park this weekend and we were told that the park is now entirely cashless. I asked "Isn't that illegal?" and the park attendant just shrugged. I later checked, and it is indeed not illegal. I guess people are just ok with it, like boiling frogs.
The educational materials are out there. Anyone who wants to learn can learn. At this point, the problem isn't bitcoin, or bitcoiners. It's the people themselves.