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[This is satyre, imagining cash introduced now, and mocking BitCoin's critics. Some ring true, some miss the two-sided market issues behind adopting new payment
by bertil 13y ago
[This is satyre, imagining cash introduced now, and mocking BitCoin's critics. Some ring true, some miss the two-sided market issues behind adopting new payment forms.]
To be honest, I’ve been in Nordic countries for a year (where all transaction are card-based, and there is no minimum amount for payment) and that situation rung surprisingly true — especially after yesterday, when I was facing a coat valet who was expecting a ten crown in cash.
- busterarm 13y agoI had amusing experiences in Denmark where I was forced to walk around with about 10,000 kroner because American banks and lending institutions are too lazy and cheap to implement Chip-and-Pin systems. Also almost nobody takes American Express (I don't blame them though). Anyway, folks' reactions to that much cash were pretty much "are you a drug dealer?", which was pretty funny. At least I _always_ had cash for the Pølsevogn. :) I had similar happen to me in Iceland but they're slightly more cash and "Yankee Plastic"-friendly.