2 ms·
> "I'm not charged for using my own money" You are, you just don't know it because it isn't apparent. In fact, they want to make it appear that you're making m
by sidko 12y ago
> "I'm not charged for using my own money"
You are, you just don't know it because it isn't apparent. In fact, they want to make it appear that you're making money for spending money! Ultimately, it doesn't matter who bears the additional cost of using credit/debit cards, it results in higher prices for everyone and since credit card agencies prohibit differential pricing, it punishes people who pay cash.
Bitcoin still has a long long way to go and won't replace the existing system anytime soon, but definitely watch out for retailers who already provide a steep discount for using Bitcoin. That will be a good first step.
- mcintyre1994 12y agoCan you expand on this a bit? I put money in the bank, no fees are ever charged. I spend money on the card for that account, no fees. I have a credit card, pay it off in full every month, no fees. I have direct debits to pay my bills, no fees. I don't see anywhere I'm charged anything by my bank. I think I'd have to pay 50p if I wanted paper bills actually. If your argument is everything is priced higher because I'm not using bitcoin, the banks aren't getting that money so I'm not sure I understand - will everyone have to lower prices when everyone accepts bitcoin? I mean that sounds great but I'm not sure why a capitalist market would indefinitely reward you for using another currency - when there's nothing to gain marketing wise we'll see I guess.