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> You can but it turns out to be expensive. This! It can be done but it's incredibly hard and expensive; hence the phrase 'it's expensive being poor,' because

> You can but it turns out to be expensive. This! It can be done but it's incredibly hard and expensive; hence the phrase 'it's expensive being poor,' because they often do not have access to banking or financial services. I tried getting a rental property by just offering 6 months rent up-front and a large deposit in a major tech town, because I had it in cash and didn't want to share more info than I needed to with the homeowner: they flat-out refused and demanded to see my pay-stubs and banking records for the last 2 years if I still wanted to move in. This an incredibly common problem for many other Industries that are subject to financial censorship--it forces you to the extremes of everything as a result. > I've wondered if being unbanked shortens your life. Especially if you need to constantly protect your money from thieves and the dangers that come from that . Dealt with the backpage ladies needing help and many founders in the cannabis Industry needing financial services and payment processing as well as a store of wealth due to the massive amounts of cash on location: the short answer is a resounding YES!

vba616 5y ago
>I tried getting a rental property by just offering 6 months rent up-front and a large deposit in a major tech town, because I had it in cash and didn't want to share more info than I needed to with the homeowner: they flat-out refused and demanded to see my pay-stubs and banking records for the last 2 years if I still wanted to move in. Trying to solve your problems with money and failing is not evidence that it's expensive to be poor; it suggests you have blinders preventing you from doing the normal thing. Within a few miles there are/were apartments that you could move into with two months' rent in cash up front. That would not be more expensive than the kind you're used to.
- Melting_Harps 5y ago
  > Trying to solve your problems with money and failing is not evidence that it's expensive to be poor; it suggests you have blinders preventing you from doing the normal thing. OK, it seems I have elucidate my point for you: in this case I may have had the cash, but I refused to give my banking information, emulating what a person who may not be legal and therefore do not have access to banking or other financial services. This may not be a direct parallel, but I do have other examples of how from personal experience I realized that being poor is expensive; student debt being a prime example. What I'm saying is that I built my startup to service people who were denied banking and financial services, and I got my 'privilege checked' and realized just how costly it is to be really poor.
tomcam 5y ago
Now I have “backpage ladies“ in my search history
- Melting_Harps 5y ago
  > Now I have “backpage ladies“ in my search history Click here [0] if you want the simplest rebuttal to the tools on HN saying BTC has no and will never have a usecase. In short: we proved them wrong a long time ago, they just are reluctant to find out why and how because it might taint their search history--likely while having no qualms with watching hentai or some other absurd kink on pornhub. Honestly, it was a a really good life experience albeit sad most times; most were just single moms needing to pay rent or buy diapers and on their last few bucks before getting evicted from their homes. They were shocked how we were the few people to treat them with any dignity and looked at them in the eye after telling us what they did. Most people here play with tech as it's a novelty or a toy, Bitcoiners build tech for things that most affluent people who work in tech will never need or require so they dismiss and then bitch and have sour grapes about 'not getting in before it mooned' not realizing this wasn't a get rich quick scheme but rather a network we used to onboard all the people most technologists never consider which has gained value over time. More than likely because they are used will exploit those same people for their own or their employer's (FAANG) benefit. It's hard to imagine back then that anyone believed Bitcoiners would be holding lectures at Stanford on startup culture because we were so fringe and built this tech for the most marginalized of the World in mind: like the backpage ladies. But then came Balaji, and then Thiel, and now Musk etc... Bitcoin does that, it gets you when you deserve to be in and for most that simply hasn't happened yet. It's a self-vetting system in many ways. It's hard to believe but this tech was it's roots from the cypherpunk meetups and mailing lists in the Bay area in the 90s which is unfathomable when you see what it's become now. Sidenote: I made a screenplay influenced by the webcam girls I met in Denver back in that time during my startup, it's based in South Korea but it has it's origins form all the experiences these ladies told me about as many became regular clients of ours who were wanting to learn to buy/sell bitcoin. Those girls still put all these modern onlyfans chicks to shame in terms of entrepreneurialism and probably could run a YC backed startup after managing themselves in that wild World. 0: https://bravenewcoin.com/insights/backpage-goes-bitcoin-only https://bravenewcoin.com/insights/backpage-goes-bitcoin-only

vba616 5y ago

>I tried getting a rental property by just offering 6 months rent up-front and a large deposit in a major tech town, because I had it in cash and didn't want to share more info than I needed to with the homeowner: they flat-out refused and demanded to see my pay-stubs and banking records for the last 2 years if I still wanted to move in. Trying to solve your problems with money and failing is not evidence that it's expensive to be poor; it suggests you have blinders preventing you from doing the normal thing. Within a few miles there are/were apartments that you could move into with two months' rent in cash up front. That would not be more expensive than the kind you're used to.

Melting_Harps 5y ago
> Trying to solve your problems with money and failing is not evidence that it's expensive to be poor; it suggests you have blinders preventing you from doing the normal thing. OK, it seems I have elucidate my point for you: in this case I may have had the cash, but I refused to give my banking information, emulating what a person who may not be legal and therefore do not have access to banking or other financial services. This may not be a direct parallel, but I do have other examples of how from personal experience I realized that being poor is expensive; student debt being a prime example. What I'm saying is that I built my startup to service people who were denied banking and financial services, and I got my 'privilege checked' and realized just how costly it is to be really poor.

tomcam 5y ago

Now I have “backpage ladies“ in my search history

Melting_Harps 5y ago
> Now I have “backpage ladies“ in my search history Click here [0] if you want the simplest rebuttal to the tools on HN saying BTC has no and will never have a usecase. In short: we proved them wrong a long time ago, they just are reluctant to find out why and how because it might taint their search history--likely while having no qualms with watching hentai or some other absurd kink on pornhub. Honestly, it was a a really good life experience albeit sad most times; most were just single moms needing to pay rent or buy diapers and on their last few bucks before getting evicted from their homes. They were shocked how we were the few people to treat them with any dignity and looked at them in the eye after telling us what they did. Most people here play with tech as it's a novelty or a toy, Bitcoiners build tech for things that most affluent people who work in tech will never need or require so they dismiss and then bitch and have sour grapes about 'not getting in before it mooned' not realizing this wasn't a get rich quick scheme but rather a network we used to onboard all the people most technologists never consider which has gained value over time. More than likely because they are used will exploit those same people for their own or their employer's (FAANG) benefit. It's hard to imagine back then that anyone believed Bitcoiners would be holding lectures at Stanford on startup culture because we were so fringe and built this tech for the most marginalized of the World in mind: like the backpage ladies. But then came Balaji, and then Thiel, and now Musk etc... Bitcoin does that, it gets you when you deserve to be in and for most that simply hasn't happened yet. It's a self-vetting system in many ways. It's hard to believe but this tech was it's roots from the cypherpunk meetups and mailing lists in the Bay area in the 90s which is unfathomable when you see what it's become now. Sidenote: I made a screenplay influenced by the webcam girls I met in Denver back in that time during my startup, it's based in South Korea but it has it's origins form all the experiences these ladies told me about as many became regular clients of ours who were wanting to learn to buy/sell bitcoin. Those girls still put all these modern onlyfans chicks to shame in terms of entrepreneurialism and probably could run a YC backed startup after managing themselves in that wild World. 0: https://bravenewcoin.com/insights/backpage-goes-bitcoin-only https://bravenewcoin.com/insights/backpage-goes-bitcoin-only