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Topic: Why the fuck do we still use cash? - page 2. (Read 6705 times)

ajareselde

legendary

Legendary level

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: hensi on May 16, 2014, 11:07:12 PM

when we already have crypto currencies, master cards, paypal and other shit, why do we use cash?

there were so many payment options, but ppl still invented bitcoin..
we all use what we find more apropriate, and you can use cash anywhere, unlike paypal,crypto..etc

idea of creating a world market that would accept crypto everywhere you go is still far ahead.

Nawaytes

sr. member

Activity: 476

Merit: 255

because not everyone has the credit card, paypal, or ecurrency. Shocked

Shocked

cash is real and very safe.

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: DF_ on June 23, 2014, 03:26:46 PM

We need a cash form of Cryptocurrency.

Most crypto currency is a cash form, only that it is electronic as opposed to in paper form.

Rub3n

hero member

Activity: 565

Merit: 501

S> Cheap SocialMedia Hype's

Quote from: cuddaloreappu on May 16, 2014, 11:16:15 PM

Go buy a hotdog on the street shop and pay him with paypal

cash is one of the most easiest and most secure trading system, even if it sometimes may not look like it.

Swordsoffreedom

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Legendary level

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Cash is king unlike the other payment systems there are no hidden fees using cash
Also you get discounts using cash in some stores especially in the wholesale area when you buy in bulk
Simply put cash has a lot of advantages

If you argue but I get reward points from my VISA for stuff
Think about it you already paid for it and its been pushed into the price of the product at the store before you go to the teller to check out

BitcoinLlama

newbie

Activity: 46

Merit: 0

Slim Shady - it is better to buy drugs with cash.

zhinkk

sr. member

Activity: 266

Merit: 250

To the argument that carrying a phone around is easier. Ehh my phone dies a lot. Plus it's big. Cash can be folded into something really small.

worhiper_-_

hero member

Activity: 700

Merit: 500

well our goverment and the higher ups i believe they could take advantage of us more easier..
even though i am not sure about my answer! you see if everything was iconic an error could do a lot of damage! but it would be more friendly to the environment! like not cutting trees down etc..!
also they could easily cut down our salaries or take our money away with just some clicks!~(i think that's happening even now but it will be a lot more easy in the future!) .
I hope in the future we could use iconic cash like bit coin :/ as i said no more cutting trees down and so on! our only problem will be the hackers XD

Crypto_123

newbie

Activity: 38

Merit: 0

Quote from: DF_ on June 23, 2014, 03:26:46 PM

We need a cash form of Cryptocurrency.

That 's hard to implement from a technical point of view i think.

For me every so far known kind of money (cash, traditional digital, crypto) has it's very own properties, advantages and disadvantages. This is why I think that all shapes of money will survive just because for all of them there are situations they are useful.

DF_

newbie

Activity: 20

Merit: 0

We need a cash form of Cryptocurrency.

hloren70

member

Activity: 72

Merit: 10

Quote from: CEG5952 on June 21, 2014, 05:16:37 PM

I don't see paper money going anywhere. There's no money trail. Merchants save on fees. Grey/money markets thrive. Buyers stay anonymous. And from a historical perspective, I just don't see it going away.

I'd like to agree but I am becoming increasingly concerned that western governments will eventually try to phase out cash in order to track every single transaction and tax it. Even if they outright ban it, there are lots of tricks they can do to make you go cashless (think EBT cards). Whose to stop them from issuing ALL government financing in an electronic-only fashion so that anyone getting disability, welfare, unemployment, etc. could only spend their money electronically? Considering half of America is on government dependence of some sort, it wouldn't be that hard for them to pull off.

CEG5952

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Activity: 658

Merit: 500

Buy and sell bitcoins,

I don't see paper money going anywhere. There's no money trail. Merchants save on fees. Grey/money markets thrive. Buyers stay anonymous. And from a historical perspective, I just don't see it going away.

hloren70

member

Activity: 72

Merit: 10

Easy, convenience. No matter how fast a Bitcoin transaction will get, it will never be as fast as handing someone physical paper or coins. Nor will it be as anonymous.

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: CEG5952 on June 20, 2014, 01:39:40 PM

Quote from: arbitrage001 on June 20, 2014, 01:31:59 PM

Quote from: Argwai96 on June 17, 2014, 02:22:42 PM

From a merchant standpoint, cash = no fees. From a consumer standpoint, some level of anonymity with purchases. And some business still take only cash, as ancient as it sounds. My favorite Thai restaurant is cash only.

Yes. Cash is still the cheapest form of transaction for local exchange of good and service.

Bitcoin is only good if you are doing small scale foreign purchase. The saving comes from for conversion and transfer fee.

Large scale foreign purchases work as well -- very cheap (with bitcoin). But obviously, any company of scale could not operate in such manner, given that most overhead costs would need to be paid in fiat.

Hopefully, over time this will change. As of today you are correct, but some companies are able to pay their bills in bitcoin. Take Blockchain.info for example, they pay everything in bitcoin

illyiller

hero member

Activity: 697

Merit: 520

Quote from: arbitrage001 on June 20, 2014, 01:44:46 PM

Quote from: CEG5952 on June 20, 2014, 01:39:40 PM

Quote from: arbitrage001 on June 20, 2014, 01:31:59 PM

Quote from: Argwai96 on June 17, 2014, 02:22:42 PM

From a merchant standpoint, cash = no fees. From a consumer standpoint, some level of anonymity with purchases. And some business still take only cash, as ancient as it sounds. My favorite Thai restaurant is cash only.

Yes. Cash is still the cheapest form of transaction for local exchange of good and service.

Bitcoin is only good if you are doing small scale foreign purchase. The saving comes from for conversion and transfer fee.

Large scale foreign purchases work as well -- very cheap (with bitcoin). But obviously, any company of scale could not operate in such manner, given that most overhead costs would need to be paid in fiat.

Depend on how "large" is the transaction. Based on market depth, and assuming the receiving merchant do not want to hold bitcoin, I think a few million bitcoin in USD will move the market 5-10%.

I think that is the distinction at hand.

arbitrage001

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Legendary level

Activity: 1067

Merit: 1000

Quote from: CEG5952 on June 20, 2014, 01:39:40 PM

Quote from: arbitrage001 on June 20, 2014, 01:31:59 PM

Quote from: Argwai96 on June 17, 2014, 02:22:42 PM

From a merchant standpoint, cash = no fees. From a consumer standpoint, some level of anonymity with purchases. And some business still take only cash, as ancient as it sounds. My favorite Thai restaurant is cash only.

Yes. Cash is still the cheapest form of transaction for local exchange of good and service.

Bitcoin is only good if you are doing small scale foreign purchase. The saving comes from for conversion and transfer fee.

Large scale foreign purchases work as well -- very cheap (with bitcoin). But obviously, any company of scale could not operate in such manner, given that most overhead costs would need to be paid in fiat.

Depend on how "large" is the transaction. Based on market depth, and assuming the receiving merchant do not want to hold bitcoin, I think a few million bitcoin in USD will move the market 5-10%.

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

Quote from: arbitrage001 on June 20, 2014, 01:31:59 PM

Quote from: Argwai96 on June 17, 2014, 02:22:42 PM

From a merchant standpoint, cash = no fees. From a consumer standpoint, some level of anonymity with purchases. And some business still take only cash, as ancient as it sounds. My favorite Thai restaurant is cash only.

Yes. Cash is still the cheapest form of transaction for local exchange of good and service.

Bitcoin is only good if you are doing small scale foreign purchase. The saving comes from for conversion and transfer fee.

Large scale foreign purchases work as well -- very cheap (with bitcoin). But obviously, any company of scale could not operate in such manner, given that most overhead costs would need to be paid in fiat.

arbitrage001

legendary

Legendary level

Activity: 1067

Merit: 1000

Quote from: Argwai96 on June 17, 2014, 02:22:42 PM

From a merchant standpoint, cash = no fees. From a consumer standpoint, some level of anonymity with purchases. And some business still take only cash, as ancient as it sounds. My favorite Thai restaurant is cash only.

Yes. Cash is still the cheapest form of transaction for local exchange of good and service.

Bitcoin is only good if you are doing small scale foreign purchase. The saving comes from for conversion and transfer fee.

ARGpentem

full member

Activity: 154

Merit: 100

i try to take advantage of my credit card rewards, etc, but it's just faster/easier to use cash much of the time. and the local business owners appreciate it due to fees.

Watermelondea

newbie

Activity: 27

Merit: 0

Quote from: salmondance on June 20, 2014, 02:56:18 AM

Despite all my interest in cryptocurrencies cash still remains my favorite. Helps me to control how much i spend.

Without cash i will go bankrupt because i will spend all my money Shocked

Shocked

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