5 ms·

What is this 'immense value'?

remus 6y ago
Not carting a pocketful of loose change round your entire life. Not an issue for some people, but I really like carrying less stuff.
- thaumasiotes 6y ago
  Loose change is both heavy and worthless. You can carry cash around without bothering with loose change.
  - yourapostasy 6y ago
    A very privileged perspective. Most of the world still counts their pennies, and the surcharges on non-cash monetary transactions make a sizeable, noticeable dent if pointed out to them. It's a tough balance they have to navigate. Though I'm extremely privileged now myself, I'm not so far removed that I have forgotten those days when down-to-the-penny accounting mattered. In the US at least, if you had the right education (which sadly many lack), you can live amazingly inexpensively by forgoing many societal conventions and expectations.
the_jeremy 6y ago
less hassle, enhanced security. I can spend hundreds of dollars without having to carry that much cash on me, or having to go to an ATM ever. It's more convenient and more secure, which is almost never true today.
- throwaway_pdp09 6y ago
  Is cash that hard?
  - renewiltord 6y ago
    Yeah, I carry around a grand on me usually (for drugs and stuff) and it's really bulky. Then you've got the denomination issues.
    - throwaway_pdp09 6y ago
      If you take the speed you've just bought everything will be less tiring.
      - deleted 6y ago
        [deleted]
      - renewiltord 6y ago
        This is true, but the deleterious effects are fairly significant.
- graham_paul 6y ago
  I would not necessarily call it enhanced security if you are using Android and your phone is not one of the latest models. Plus of course someone can just steal your phone, force you unlock it and steal more than they could ever steal from you if you only had cash. Your enhanced security is a box containing more money than you can carry. This box can (most of the times) only be opened with a key but this key is always with you. So whoever steals your force will just force you to open the box
  - renewiltord 6y ago
    Sure, if someone specifically wants my money, but that is unlikely in a Bayesian sense. And the bank will interrupt in any case because of anti-structuring and max-spend limits. You don't have to outrun the bear.
    - throwaway_pdp09 6y ago
      If it's bayesian-unlikely they want your phone then why should it be any less bayesian-unlikely they want your cash. That's one weird argument. And BTW your phone is usually quite visible, like sticking out if not actually being used. > and max-spend limits Ok, now they've got your expensive phone and can spend up to your limit.
      - renewiltord 6y ago
        > If it's bayesian-unlikely they want your phone then why should it be any less bayesian-unlikely they want your cash. Because phones these days are mostly bricks when you steal them. Cash still works. > Ok, now they've got your expensive phone and can spend up to your limit. Haha, no, they can't. That's not how any of this works. But listen, it doesn't matter. Carry cash if you want. I won't. And may the chips land where they may.
        throwaway_pdp09 6y ago
        indeed it's down to personal choice and I can't criticise yours but then I don't want a personal tracker on me almost as securely as if it were a collar, not having my buying habits tracked. This to me is normalising personal monitoring. I thought that's what americans were so idealogically against, and so loudly. There will be consequences, but I guess convenience trumps everything.

Not carting a pocketful of loose change round your entire life. Not an issue for some people, but I really like carrying less stuff.

thaumasiotes 6y ago
Loose change is both heavy and worthless. You can carry cash around without bothering with loose change.
- yourapostasy 6y ago
  A very privileged perspective. Most of the world still counts their pennies, and the surcharges on non-cash monetary transactions make a sizeable, noticeable dent if pointed out to them. It's a tough balance they have to navigate. Though I'm extremely privileged now myself, I'm not so far removed that I have forgotten those days when down-to-the-penny accounting mattered. In the US at least, if you had the right education (which sadly many lack), you can live amazingly inexpensively by forgoing many societal conventions and expectations.

the_jeremy 6y ago

less hassle, enhanced security. I can spend hundreds of dollars without having to carry that much cash on me, or having to go to an ATM ever. It's more convenient and more secure, which is almost never true today.

throwaway_pdp09 6y ago
Is cash that hard?
- renewiltord 6y ago
  Yeah, I carry around a grand on me usually (for drugs and stuff) and it's really bulky. Then you've got the denomination issues.
  - throwaway_pdp09 6y ago
    If you take the speed you've just bought everything will be less tiring.
    - deleted 6y ago
      [deleted]
    - renewiltord 6y ago
      This is true, but the deleterious effects are fairly significant.
graham_paul 6y ago
I would not necessarily call it enhanced security if you are using Android and your phone is not one of the latest models. Plus of course someone can just steal your phone, force you unlock it and steal more than they could ever steal from you if you only had cash. Your enhanced security is a box containing more money than you can carry. This box can (most of the times) only be opened with a key but this key is always with you. So whoever steals your force will just force you to open the box
- renewiltord 6y ago
  Sure, if someone specifically wants my money, but that is unlikely in a Bayesian sense. And the bank will interrupt in any case because of anti-structuring and max-spend limits. You don't have to outrun the bear.
  - throwaway_pdp09 6y ago
    If it's bayesian-unlikely they want your phone then why should it be any less bayesian-unlikely they want your cash. That's one weird argument. And BTW your phone is usually quite visible, like sticking out if not actually being used. > and max-spend limits Ok, now they've got your expensive phone and can spend up to your limit.
    - renewiltord 6y ago
      > If it's bayesian-unlikely they want your phone then why should it be any less bayesian-unlikely they want your cash. Because phones these days are mostly bricks when you steal them. Cash still works. > Ok, now they've got your expensive phone and can spend up to your limit. Haha, no, they can't. That's not how any of this works. But listen, it doesn't matter. Carry cash if you want. I won't. And may the chips land where they may.
      - throwaway_pdp09 6y ago
        indeed it's down to personal choice and I can't criticise yours but then I don't want a personal tracker on me almost as securely as if it were a collar, not having my buying habits tracked. This to me is normalising personal monitoring. I thought that's what americans were so idealogically against, and so loudly. There will be consequences, but I guess convenience trumps everything.