this post was submitted on 28 Nov 2023
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[–] [email protected] 52 points 1 year ago (8 children)

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

[–] [email protected] 23 points 1 year ago (3 children)

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.

[–] [email protected] 15 points 1 year ago (1 children)

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...

[–] [email protected] 1 points 1 year ago (1 children)

You mean like a cryptographic, decentralized, digital currency?

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

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.

[–] [email protected] 1 points 1 year ago (1 children)

I really just don't care. The ATM you got the cash from gets a cut of the fees. It's all corporate bullshit anyway

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (1 children)

I really just don't care either, Ill just pay who im forced to, 1/10th of my paycheck (it costs them pennies to make) or I could randomly die. It's all corporate bullshit anyway. /s

I really just do not care, Ill just take out a loan I cannot afford so I can stop playing chicken on crosswalks and avoid dieing to that driver who is on their phone, not paying attention. Its just human bullshit anyway. /s

[–] [email protected] 2 points 1 year ago

glad we can agree!

[–] [email protected] -2 points 1 year ago (1 children)

As opposed to using debit or credit, which is also owned and controlled by all of the major credit card companies.

[–] [email protected] 4 points 1 year ago

No, as opposed to using cash.

[–] [email protected] 6 points 1 year ago (1 children)

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.

[–] [email protected] 1 points 1 year ago

I only use cash to buy things from people in my area.

[–] [email protected] 3 points 1 year ago (1 children)

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.

[–] [email protected] 1 points 1 year ago (1 children)

What is this comment? Who talks like this?

[–] [email protected] 1 points 1 year ago
[–] [email protected] 3 points 1 year ago

As soon as I could pay for things with my phone, I did. Now I'm annoyed when I can't.

[–] [email protected] 2 points 1 year ago

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.

[–] [email protected] -2 points 1 year ago (1 children)

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.

[–] [email protected] 2 points 1 year ago (1 children)
[–] [email protected] 0 points 1 year ago (1 children)

You don't pay for sex? You must be a communist!

[–] [email protected] 1 points 1 year ago (1 children)
[–] [email protected] 0 points 1 year ago

Thank you, you too.

[–] [email protected] -3 points 1 year ago (3 children)

Watch is more convenient, it's also insanely insecure. Watch out for NFC scanners in public.

[–] [email protected] 6 points 1 year ago (1 children)

This is just pure bullshit scare tactics. In order to successfully make a transaction, I have to have my watch facing me, double click the button, and then hold it near the terminal for a few seconds. There is no way someone could just swoop in and do a transaction without my knowledge. It's bullshit fearmongering like this that makes people scared of new features like NameDrop. Quit it.

[–] [email protected] -1 points 1 year ago

Sounds inconvenient! I take it back. Secure yes. Convenient no.

[–] [email protected] 3 points 1 year ago (1 children)

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.

[–] [email protected] 1 points 1 year ago

Apple is smart enough to design the feature in a way where the user has to know and approve the transaction. Dangblingus is a fucking idiot

[–] [email protected] 2 points 1 year ago

Use credit cards and just report fraudulent charges