In Sweden, a Cash-Free Future Nears • Hacker News Board

Re: In Sweden, a Cash-Free Future Nears

#51

Post by jakeogh » Sun, Dec 27, 2015, 5:00 AM UTC

mschuster91 wrote: post #6

Yeah, and allow government, secret services, police and the NSA to track your entire life. Fuck that, I'm sticking with cash.

It's already got a SN, when it's feasible $'s will have a chip too. Having the parties to the transaction decide what money is trivially fixes this, but the money changers fight to keep their monopoly.

Re: In Sweden, a Cash-Free Future Nears

#52

Post by gravypod » Sun, Dec 27, 2015, 8:24 AM UTC

biafra wrote: post #31

gravypod wrote: post #24

Earlier quoted context omitted.

The problem with bitcoin is very similar to credit. It is extremely difficult for a small business to liquidate. There is also the added problem of protection. With credit and banking, you are ensured and regulated. Without, you are left to your own ability. But those aren't the biggest problems. The problem is how do you pay taxes with bitcoin? Their market value at acquisition? Does the market fluctuation between c…

You could accept Bitcoin via Bitpay (or any other payment processor supporting immediate conversion to fiat) and receive fiat currency. The good thing is: No chargeback possible.

That is a very bad thing for consumers. I'm assuming BitPay skims some cream from the top, so you would still have the same problem of cards.

Re: In Sweden, a Cash-Free Future Nears

#53

Post by boznz » Wed, Dec 30, 2015, 7:16 PM UTC

scrollaway wrote: post #39

maaku wrote: post #21

Earlier quoted context omitted.

Do you trust your government?

The question is not "Do you trust your government?", it's "Do you trust your next government?"

+1