A society that stops accepting cash is fragile - it relies on sophisticated networks few people understand that required a lot of maintenance. Physical money is literally prehistoric - quite robust. And consider: In EU,…
Why so?
So you’re in Puerto Rico and the hurricane hits. No cell phone towers for a week. No electricity for months. What do you do now? Pawn your backup iPhone X for $30?
Specifically anything that anyone can or has at one point considered sinful, I would buy with cash: - Alcohol - Cigarettes - Drugs - Condoms - Feminist literature - Anti-feminist literature - Ammunition - Guns - Bible -…
SIM card is key. In the US, last I checked, networks won’t give you an extra SIM for the same line. So you’d have to get an extra service line :S
Hmm, keep $200-600 of quickly depreciating assets whose creation is a sin against our children’s enviroment when I can have five crisp linen Benjamins at home? And do the same for car. And the hotel room when you are…
Plus, I’m privileged, but I’m really not more than mildly annoyed if I loose my wallet with $50-$100. The way I see it some person will have the opportunity to do the right thing and turn it in, or I like to imagine…
I have $200 in a variety of denominations in my glove box. I have $2 000 cash at home. Once I’m home I can write myself a cheque, and with my passport, easily withdrawal more money at any bank (or grocery store). Also,…
A society that stops accepting cash is fragile - it relies on sophisticated networks few people understand that required a lot of maintenance. Physical money is literally prehistoric - quite robust. And consider: In EU,…
Why so?
So you’re in Puerto Rico and the hurricane hits. No cell phone towers for a week. No electricity for months. What do you do now? Pawn your backup iPhone X for $30?
Specifically anything that anyone can or has at one point considered sinful, I would buy with cash: - Alcohol - Cigarettes - Drugs - Condoms - Feminist literature - Anti-feminist literature - Ammunition - Guns - Bible -…
SIM card is key. In the US, last I checked, networks won’t give you an extra SIM for the same line. So you’d have to get an extra service line :S
Hmm, keep $200-600 of quickly depreciating assets whose creation is a sin against our children’s enviroment when I can have five crisp linen Benjamins at home? And do the same for car. And the hotel room when you are…
Plus, I’m privileged, but I’m really not more than mildly annoyed if I loose my wallet with $50-$100. The way I see it some person will have the opportunity to do the right thing and turn it in, or I like to imagine…
I have $200 in a variety of denominations in my glove box. I have $2 000 cash at home. Once I’m home I can write myself a cheque, and with my passport, easily withdrawal more money at any bank (or grocery store). Also,…