If you want to chase high yields regardless of the default risk, you would be better off issuing payday loans for 500% a year.
In the last month I've made the following cash transactions.Right now regular money does everything better than crypto for my day-to-day financial needs. Even if transactions could be done as fast with crypto as with credit/debit cards, why would I bother with the extra conversion to fill up the crypto wallet? Also crypto can never fully replace real money because you need some form of physical currency (coins and bills). Digital only goes so far, we're in a physical world.
That's my little thesis on why cryptos are doomed to fail, regardless of how good the technology gets.
I use plenty of cash. It's great. I bought some milk today with cash.I never use cash. I never have cash. I withdraw some cash only when I want to do a transaction without any tracking.
You'd get a funny look here offering someone cash unless it's in a dark alley. All the places I frequent upgraded to NFC and highly encourage contactless payment nowSimple paper bills, accepted everywhere, no batteries or fancy phones required. Why over complicate things?
Oh come on. I lived in the US for many years, and there was plenty of cash changing hands.You'd get a funny look here offering someone cash unless it's in a dark alley. All the places I frequent upgraded to NFC and highly encourage contactless payment now
Cash is filthy especially USDs. In Europe they had special plates to reduce germs 10 years ago but I've never seen those in America even after covid
I hate cash. You always get plenty of pocket change and I don't know what to do with that pocket change. And if I want to get rid of the pocket change, it takes forever to count it to pay the exact amount to the cashier (forever = 5s to find the pocket change and 5s to count it and then 5s for the cashier to validate instead of 0.1s contactless). I pay with my phone, and my reward cards are on my phone so I don't even carry my big wallet anymore. Simple and easy.I use plenty of cash. It's great. I bought some milk today with cash.
Simple paper bills, accepted everywhere, no batteries or fancy phones required. Why over complicate things?
Yes that was the pre-COVID world james. They use square or another app for those things nowOh come on. I lived in the US for many years, and there was plenty of cash changing hands.
At my US office, we always bought our lunches at food carts with cash. I was at a coffee shop a couple days ago (Canada), again, paid with cash.
Ethereum has thousands of tokens and many of them are pegged to a "stable" currency known as stablecoins or even gold and stocks. Every company can have its own loyalty token with special discounts (sound familiar?) Ultimately everyone should be able to pay and receive whatever token or currency they want.. using decentralized exchanges and automated market makersSo the notion of cashless is quite old. What is new is that the value of bitcoin can vary more than these cash equivalents which was unheard of. It is also technically traceable yet there has been cases of big frauds because ultimately one has to trust the exchange organizations.
More than appear - there's no questionBut there appear to be fraudsters taking advantage of the area.
Paying earlier investors with money from later investors? Boomers get more from social security than they contributed. SEC should look into that textbook Ponzi scheme next?In truth, BitConnect operated a textbook Ponzi scheme by paying earlier BitConnect investors with money from later investors
I think BitConnect was the one with the amazing video, the con man CarlosBitConnect is just one of many ICO scams