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#waroncash — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #waroncash, aggregated by home.social.

  1. 🇳🇴 Good news! Norway brings back the right to pay in cash 💰 in more places (anywhere stuff is permanently on sale, essentially)! Before, shops and service-providers could opt out of accepting cash. One example is the hotel in Oslo I sometimes crash, where drinks and snacks can only be paid by card (or #Vipps, I guess).

    Perfect timing with the "Apagón" in Spain earlier this week!

    Article over at the consumer protection authority, currently only in Norwegian: forbrukertilsynet.no/plikten-t

    #WarOnCash

  2. @boltx The paper concluded a difference of a few orders of magnitude, which would not be minor. The new PoW algos would not be able to compete with PoS on energy, but PoS cannot compete on other factors like balance of power and requires a bit more trust iirc. So on a PoS chain, wouldn’t you have people hoarding large amounts of coins and just sitting on them? That seems to drive the currency to be used as an investment when really we want it to be treated like a currency.

    They both have their place and the extent of PoW energy demand is always way overblown. It’s not a significant climate factor.

    OTOH, banks invest in fossil fuels with reckless disregard. The #WarOnCrypto and #WarOnCash together culminate into Bill Gates’ wet dream: forced banking, which IMO would be the greatest dystopia. We may not be able to stop the elimination of cash but should cling to PoS and PoW to the extent needed to avoid forced banking.

  3. I very rarely pay w/plastic (#warOnCash), but made some exceptions & noticed that “Zettle by Paypal” was printed on the receipt. I got burnt in the sense that I #boycottPaypal in part b/c they are reckless w/data (they share data w/over 600+ corps). If I knew in advance that #Paypal was in the loop, I would not have paid w/plastic. #Zettle.com is tor-hostile as well.

  4. @elan @tedivm The biggest regression is the elimination of cash; the #warOnCash. AFAICT #Klarna is cashless; unlike the #SafePay card, there is no way to buy a card at a supermarket using cash. So #unbanked ppl are excluded. I would love to open a Klarna acct linked to a temporary bank acct which I then close, rack up a Klarna debt & say to Klarna “where can I pay be debt in legal tender?”

  5. Visa, PayPal, & #WesternUnion have submitted crypto trademark filings w/the #USPTO. This somewhat suggests that people who favor Visa & Paypal in opposition to #cryptocurrency may end up supporting c/c anyway, along w/the evils of #Visa’s #WarOnCash & #Paypal’s long list of wrongdoing.

  6. @LibreSolutionsNetwork Glad to come across this #CashFriday #callForAction. There is a #WarOnCash and I’ve picked sides. Today was a cash-only day for me, as is just about every day.

  7. The #Marriott hotel I stayed in for a work trip recently had signs around the lobby informing us that the hotel would no longer accept #cash for transactions at the hotel (though I was still able to pay for beers at the bar with it, since I ignored the signs).. #waroncash #ITM #justsendyourcash #humanresource

  8. @itnewsbot Visa is a proponent of the #WarOnCash. War on cash is war on #privacy. So I #boycottVisa. Now that Visa is getting in on #crypocurrency, should we #boycott the blockchains involved with #Visa (e.g. #USDC)?