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Interesting. I don't agree with the concept of 'cashless' society. This is no paranoia, conspiracy theory. I don't know if this is the first time this happens b

Interesting. I don't agree with the concept of 'cashless' society. This is no paranoia, conspiracy theory. I don't know if this is the first time this happens but this is one to many times for most people. The healthy thing is to have multiple options ranging from cash, credit/debit cards, up to apps with NFC payments, etc... There has to be a limit on how much tech is too much. This goes for every human facet (medicine, law, etc). Sorry for ranting about it.

sowbug 4y ago
HN likes to trash Bitcoin, but at least you can understand where the pro-Bitcoin folks are coming from. If a cashless society is inevitable, would you prefer that all such transactions be mediated by a small number of large corporations? Or would you prefer the option of at least some of your transactions happening through a peer-to-peer system that no corporation or government controls?
- 2OEH8eoCRo0 4y ago
  Bitcoin doesn't have an undo button. I know somebody who works cybercrime and they routinely get people their money back after being scammed. If they were scammed into using bitcoin that money is gone.
  - StanislavPetrov 4y ago
    Some of us would much rather take a tiny chance at being "scammed" than the certainty of being at the mercy of the government, the banks and the payment processors. In an ideal world, both of these choices would be available to adults to manage their risks and their own finances as they saw fit, rather than being forced into the latter system "for their own good".
rocket_surgeron 4y ago
Much less digital money is lost than real money. And when digital money is lost due to fraud or error it can be restored. For example, in 30 years of banking I have lost $0.00 in digital money. Sure, there have been gas station skimmers, system outages, misplaced debit cards, but I haven't "lost" a single cent. I have lost at least $20.00 in real physical money. $0.00 < $20.00 Digitalization helps other things too, I've lost hundreds of dollars in misplaced transit cards. Back in the 90s when I was a broke punk some loser stole a transit card with ~$47 on it. That was (and is) a big deal. Others have been misplaced or damaged beyond hope. Since digital transit cards became a thing I have lost $0.00 in transit funds.

sowbug 4y ago

HN likes to trash Bitcoin, but at least you can understand where the pro-Bitcoin folks are coming from. If a cashless society is inevitable, would you prefer that all such transactions be mediated by a small number of large corporations? Or would you prefer the option of at least some of your transactions happening through a peer-to-peer system that no corporation or government controls?

2OEH8eoCRo0 4y ago
Bitcoin doesn't have an undo button. I know somebody who works cybercrime and they routinely get people their money back after being scammed. If they were scammed into using bitcoin that money is gone.
- StanislavPetrov 4y ago
  Some of us would much rather take a tiny chance at being "scammed" than the certainty of being at the mercy of the government, the banks and the payment processors. In an ideal world, both of these choices would be available to adults to manage their risks and their own finances as they saw fit, rather than being forced into the latter system "for their own good".

rocket_surgeron 4y ago

Much less digital money is lost than real money. And when digital money is lost due to fraud or error it can be restored. For example, in 30 years of banking I have lost $0.00 in digital money. Sure, there have been gas station skimmers, system outages, misplaced debit cards, but I haven't "lost" a single cent. I have lost at least $20.00 in real physical money. $0.00 < $20.00 Digitalization helps other things too, I've lost hundreds of dollars in misplaced transit cards. Back in the 90s when I was a broke punk some loser stole a transit card with ~$47 on it. That was (and is) a big deal. Others have been misplaced or damaged beyond hope. Since digital transit cards became a thing I have lost $0.00 in transit funds.