4 ms·

Sure, so don’t ignore your finances for a month.

by QAPereo 9y ago

mrb 9y ago
You will still be liable for $50. And you again ignored my point about hardware wallets making theft a non-problem.
- deleted 9y ago
  [deleted]
- QAPereo 9y ago
  Actually it can still be stolen, but like an impenetrable safe full of money, of no use to the thief. You’d still be screwed though!
  - mrb 9y ago
    Not screwed, because a hw wallet can easily be backed up by writing down the 12/24-word seed in a safe/hidden spot. Our discussion thread demonstrates that more education is needed around hardware wallets, as most people have no idea how they work or even that they exist.
    - dungle6 9y ago
      I know how they work and that they exist. However, I use cash as little as possible, and really don't need a cash substitute. The few times I use cash it is for small consumable purchases and things paid with a few quarters. No need for the waiting for a bitcoin transaction to clear. There are people that prefer cash. Of those people, a large portion of them are old or luddites/anti-tech (I actually don't mean this pejoratively as I sympathize with this view), but these people probably won't be too keen on Bitcoin as a replacement. The other portion are those seemingly like yourself that are all embracing of alternative payment methods or basically e-gold. That's great, but you are a niche bunch and I assume a pretty self-selected group. The mainstream wants convenient credit with decent consumer protections for the many advantages it brings to their boring, mainstream life. This is not ignorance. My credit cards give me extended warranties, travel protection. I just got a courtesy credit for a purchase well outside the return window, and I just was reimbursed a few hundred bucks for a computer that failed out of warranty. Meanwhile, I have had to call the credit card company once in 5 years for an unauthorized $200 charge. And no, I was not liable for a penny of it. I don't know where you keep getting off on this $50 stuff, but it's complete nonsense. No one ever pays $50 in practice. And most cards the window is 90 days for a dispute.
- dungle6 9y ago
  There is no major credit card company in the US that doesn't have a $0 liability policy.

Sure, so don’t ignore your finances for a month.

mrb 9y ago

You will still be liable for $50. And you again ignored my point about hardware wallets making theft a non-problem.

deleted 9y ago
[deleted]
QAPereo 9y ago
Actually it can still be stolen, but like an impenetrable safe full of money, of no use to the thief. You’d still be screwed though!
- mrb 9y ago
  Not screwed, because a hw wallet can easily be backed up by writing down the 12/24-word seed in a safe/hidden spot. Our discussion thread demonstrates that more education is needed around hardware wallets, as most people have no idea how they work or even that they exist.
  - dungle6 9y ago
    I know how they work and that they exist. However, I use cash as little as possible, and really don't need a cash substitute. The few times I use cash it is for small consumable purchases and things paid with a few quarters. No need for the waiting for a bitcoin transaction to clear. There are people that prefer cash. Of those people, a large portion of them are old or luddites/anti-tech (I actually don't mean this pejoratively as I sympathize with this view), but these people probably won't be too keen on Bitcoin as a replacement. The other portion are those seemingly like yourself that are all embracing of alternative payment methods or basically e-gold. That's great, but you are a niche bunch and I assume a pretty self-selected group. The mainstream wants convenient credit with decent consumer protections for the many advantages it brings to their boring, mainstream life. This is not ignorance. My credit cards give me extended warranties, travel protection. I just got a courtesy credit for a purchase well outside the return window, and I just was reimbursed a few hundred bucks for a computer that failed out of warranty. Meanwhile, I have had to call the credit card company once in 5 years for an unauthorized $200 charge. And no, I was not liable for a penny of it. I don't know where you keep getting off on this $50 stuff, but it's complete nonsense. No one ever pays $50 in practice. And most cards the window is 90 days for a dispute.
dungle6 9y ago
There is no major credit card company in the US that doesn't have a $0 liability policy.