pull down to refresh

30 sats \ 5 replies \ @badabing 23 Feb \ on: Bankers are the only people who get to use [fiat] money bitcoin
You forget about cash money.
write
preview
0 sats \ 4 replies \ @Scoresby OP 23 Feb
I thought about adding a caveat about this, but the trend is clear: cash money is getting more difficult to use and fewer people are using it. For me, the biggest point is this: you can't use cash online. It's such a huge problem, and really kind of incredible when you think about it.
reply
20 sats \ 3 replies \ @badabing 23 Feb
In some countries it's not, and measures are taken to keep it in place.
reply
0 sats \ 2 replies \ @Scoresby OP 23 Feb
What fiat currency can be used on the internet without a middleman?
reply
20 sats \ 1 reply \ @badabing 23 Feb
Where did I say that?
I said that in some countries using cash is not getting more difficult, and measures are taken to keep the cash system in place.
reply
0 sats \ 0 replies \ @Scoresby OP 23 Feb
I see. I still think no amount of preservation stops this train. In the internet era where people are used to the convenience of electronic payments, cash can't compete. People want convenience. I will be surprised if there are very many jurisdictions that protect cash money payments ten years from now.
reply