3 ms·

>cash is dead lol

• adbachman 8y ago
  > He holds like $80b cash > ... > now cash is dead
• dmix 8y ago
  Somewhat of a class-based statement, definitely not dead among the working/lower class. If anything it was the 'tap-to-pay' feature of debit/credit cards that is finally putting some death-knell pressure on cash. It's so much faster than paying with a pin card or cash...
  • loeg 8y ago
    > If anything it was the 'tap-to-pay' feature of debit/credit cards that is finally putting some death-knell pressure on cash. It's so much faster than paying with a pin card or cash... Is it just me or aren't debit/credit cards much faster than paying with cash, too? Making change and then dealing with all of the coins is way higher effort than swipe, maybe pin or sign, and move on. And the sign step is going away, at least in the US, soon.
    • dominotw 8y ago
      A large portion of US workforce works for cash.
      • loeg 8y ago
        I don't see what that's got to do with speed of payment.
• coliveira 8y ago
  This guy must be living in a bubble to think that cash is dead...
• dizzystar 8y ago
  His argument is that debit cards aren't cash or something... The laughter is justified not only for the illogic of this, but the fact that this is somehow a good reason to buy Bitcoin.
  • strypey 8y ago
    Debit cards aren't cash. They're credit cards that get instantly paid off from your bank account by direct debit. But you're right to laugh at the idea that cash is dead. In China, everyone who isn't using AliPay or WeChatPay (ie credit cards without the plastic card) is using cash. Yes, people use credit or debit cards a lot more often now, but paying with cash is very much still a thing.