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I had to cash a check yesterday. This would have been a single CLI command with crypto. Ignoring the fact that this is a 100+ mile journey for me, I had to spea

I had to cash a check yesterday. This would have been a single CLI command with crypto. Ignoring the fact that this is a 100+ mile journey for me, I had to speak with real humans to get payment in hand. Just how much manpower and resources are spent simply in getting the cash from these federal printers to my hand, resources that I am inadvertently paying for? From Multiple CEO salaries to armored truck transportation to the cleaning person at the branch. and much more. I just think if people are going to slam crypto for resource consumption, you can't overlook fiat's true overall resource consumption.

junofan 4y ago
Financial services are like 20–25% of the global economy. Could be lower for sure.
pas 4y ago
okay, and will crypto solve this? it seems Venmo has a better chance at this, or the new Fed semi-instant transfer initiative or whatever. also, how many checks are cashed in person nowadays? they can be submitted via a photo at most big banks, no?
ahtihn 4y ago
> I had to cash a check yesterday Yeah, the american banking system is stuck in the stone age for some reason. You don't need crypto to solve that. Ask Europeans how often they use checks.
EliRivers 4y ago
"This would have been a single CLI command with crypto." Would it? Would you have actual cash at that point? Physical banknotes in your hand you can then spend in an ordinary shop? Are you genuinely comparing similar things here?
- throwawayKiwi9 4y ago
  In my case, yes. I simply wanted to be paid for my work and provided a form of currency that I can spend.
Kiro 4y ago
Do you have any comparison that's relevant in modern countries?
nly 4y ago
I had to cash a cheque (a real paper cheque) a few months ago as well. I opened up my banking app, photographed both sides, input a few key values and, the money was added to my (uncleared) balance instantly. You don't need bitcoin, you just need better tech in general.
- irusensei 4y ago
  Let me guess, your passport cover is painted with the correct color. You probably never had to submit a mountain of paperwork officially translated to English because you committed the crime that is to help your mother back in your home country to pay for medicine. Your bank never blocked your funds and demanded explanations on why you withdraw that cash on an ATM. You've never been through the AML racist and fascist bullshit that subverts the concept of people being innocent into proven guilty. You probably also never lived through the hell of hyperinflation or government mandated confiscation of savings accounts[0]. Did I got right? [0] https://www.joc.com/brazil-brings-end-its-failed-economic-plan_19920818.html https://www.joc.com/brazil-brings-end-its-failed-economic-pl... - "But Ms. Cardoso had no regrets. If necessary, she told O Globo newspaper, she would confiscate the money all over again."
  - dalmo3 4y ago
    You don't need bitcoin, you just need better government and to end corruption. /s
    - irusensei 4y ago
      Thanks! I'll make sure to vote harder next time.
      - johnnymorgan 4y ago
        You won that exchange, nicely done. All the things you listed are the impetus to the Bitcoin network foundation. Cheers!

junofan 4y ago

Financial services are like 20–25% of the global economy. Could be lower for sure.

pas 4y ago

okay, and will crypto solve this? it seems Venmo has a better chance at this, or the new Fed semi-instant transfer initiative or whatever. also, how many checks are cashed in person nowadays? they can be submitted via a photo at most big banks, no?

ahtihn 4y ago

> I had to cash a check yesterday Yeah, the american banking system is stuck in the stone age for some reason. You don't need crypto to solve that. Ask Europeans how often they use checks.

EliRivers 4y ago

"This would have been a single CLI command with crypto." Would it? Would you have actual cash at that point? Physical banknotes in your hand you can then spend in an ordinary shop? Are you genuinely comparing similar things here?

throwawayKiwi9 4y ago
In my case, yes. I simply wanted to be paid for my work and provided a form of currency that I can spend.

Kiro 4y ago

Do you have any comparison that's relevant in modern countries?

nly 4y ago

I had to cash a cheque (a real paper cheque) a few months ago as well. I opened up my banking app, photographed both sides, input a few key values and, the money was added to my (uncleared) balance instantly. You don't need bitcoin, you just need better tech in general.

irusensei 4y ago
Let me guess, your passport cover is painted with the correct color. You probably never had to submit a mountain of paperwork officially translated to English because you committed the crime that is to help your mother back in your home country to pay for medicine. Your bank never blocked your funds and demanded explanations on why you withdraw that cash on an ATM. You've never been through the AML racist and fascist bullshit that subverts the concept of people being innocent into proven guilty. You probably also never lived through the hell of hyperinflation or government mandated confiscation of savings accounts[0]. Did I got right? [0] https://www.joc.com/brazil-brings-end-its-failed-economic-plan_19920818.html https://www.joc.com/brazil-brings-end-its-failed-economic-pl... - "But Ms. Cardoso had no regrets. If necessary, she told O Globo newspaper, she would confiscate the money all over again."
- dalmo3 4y ago
  You don't need bitcoin, you just need better government and to end corruption. /s
  - irusensei 4y ago
    Thanks! I'll make sure to vote harder next time.
    - johnnymorgan 4y ago
      You won that exchange, nicely done. All the things you listed are the impetus to the Bitcoin network foundation. Cheers!