9 ms·
That’s why we can’t let go of cash-
by HellDunkel 4y ago
That’s why we can’t let go of cash-
- neodypsis 4y agoNor cryptocurrencies.
- brewdad 4y agoStop trying to make fetch happen.
- neodypsis 4y agoWhat is fetch?
- brewdad 4y agohttps://www.youtube.com/watch?v=Pubd-spHN-0 https://www.youtube.com/watch?v=Pubd-spHN-0 Basically, that thing you think is awesome will never be.
- neodypsis 4y agoHaha, at first I thought you meant fetch.ai [0] (based on a quick search). [0] https://medium.com/fetch-ai/fetch-ai-nabs-5m-in-institutional-investment-fireblocks-to-add-support-for-fet-token-9896cbafcc49 https://medium.com/fetch-ai/fetch-ai-nabs-5m-in-institutiona...
- mobiclick 4y agoYour fetish is another man's means of leaving.
- mobiclick 4y agoHear, hear! I once was denied access to my own money over a very long weekend during which a bill popped up that I had to settle immediately. I ultimately ended up borrowing money from my family. The reason for the denail turned out to be a clerical mistake. The feeling of dread I experienced thanks to this tought me to always kept a small stash of cryptocurrency (and cash!) for situations like this. In the age of uncaring mega corporations and unaccountable governments, having money not controllable by either is a necessity.
- betwixthewires 4y agoI do the exact opposite, I use cash for everything and keep some in the bank for ordering things online. That way I dont have to really worry ababout it much at all.
- tzXqdZGby9aJUws 4y agoHow would you have used crypto to pay that bill that popped up (???) and you had to settle immediately (???)? Or to pay for anything else, for that matter.
- SturgeonsLaw 4y agoHere in AU there are a few companies which let you pay any bill with crypto (ie; you send them crypto and they pay the bill using conventional means). https://www.finder.com.au/crypto-bill-payments https://www.finder.com.au/crypto-bill-payments There are probably equivalent companies in most markets.
- mobiclick 4y agoI wouldn't have been able to for that emergancy bill specifically. I would have used cash. However had I had more time to liquidate my crypto, I definitely would have used crypto. I know two people wouldn't mind buying my crypto with traditional currency.
- dale_glass 4y agoYeah, crypto is great. If anybody ever gets their hands on your wallet or the seed phrase, all your money is gone, and as per the system there's absolutely zero recourse. You get to be your own bank, including being in charge of security. Screw up once, and you're screwed.
- dmantis 4y agoSo people invented cold/hot wallets, like, 10 years ago. Store most of the fortune encrypted and out of internet connection or on hardwallet, if you have large sums, transfer small sums (like, monthly usage) once in a while to your phone wallet and use freely. It's not that easy to loose access, by the way, if are not dumb and don't open all shady executables you could find in the internet.
- free652 4y agocold wallets... kinda need to remember them right, like a key or a password or a phrase. so you store that somewhere. now that's somewhere can be compromised and you are out of your money.
- viridian 4y agoI've stored those on paper in a safe and on a little plex server with local network only access. Both of those attack surfaces are very small, require immediate proximity, and one runs a substantial risk of injury or death to attempt.
- rjmunro 4y agoWhat if you forget your credentials and the the money is still there, but can never be used? Related question, can you pass the money to your relatives when you die?