The winning move is to stop using their money.
Discussion
Is cash "their money"? While I wish we would go straight to Bitcoin, I think plastic is strictly worse than cash. A cash society is reasonably anonymous, arguably more so than on-chain Bitcoin.
Technically it’s not “their money” but that’s just a term I use to refer to all things fiat because at the end of the day, even cash is govt issued and gvt controlled. Granted it gives you more financial privacy than plastic, & that’s definitely a good thing, but it’s still going to be worth less tomorrow than it is today. On chain btc’s biggest problem is that the on/off ramps are kyc’d and most people today grew up in a kyc world, thus they consider it normal, but your point still stands.
Fiat is a shitcoin for saving but for spending, cash is still king as far as I'm concerned. Never hold more than a month worth of fiat and you're fine.
True but the screws on cash are tightening by the day, given the push to go cashless that’s happening right now coupled with a suspicion first approach banks take someone wants to withdraw significant amounts of cash that are well within BSA thresholds. I envision a future where we have btc cash that isn’t central bank issued.
The winning move is to stop using their money.
i think that cards have been around too long now, and the war on cash has been won. Bitcoin is the only weapon left against again CBDCs now
🎯💯 Btc is the most important solution on the table atm. I have restricted my card use as much as I can, and right now I only use it 40% of the time. The rest I am either paying in sats or cash. Cash is great locally but for stuff like online payments it’s impractical. Plus a lot of places are going cashless in the name of convenience and security, not to mention examples like the one below 👇🏻
https://primal.net/e/nevent1qqsxff7wwzmdspn65y09qe5pu8ul2er89krm9ty2dh27c23nnkch2uqwppejk
The security reason is a great one and I hope bitcoin can be part of the solution here. Imagine shops swapping BTC for cash: They tend to accumulate cash which makes them a juicy target for robberies but if they could work like ATMs handing out the cash, too, not only to card using clients like some supermarkets do, they could lower their risk. If only regulators wouldn't get in the way ...
I am sure if a middle ground solution could come that works like an atomic swap where you send btc but retailer gets fiat while giving you cash. I presume that shouldn’t be too complex to build or implement. 🤔
Yep. I have abolished credit cards completely. Use sats locally as well but vendors are limited. You can pretty much live on btc in El Salvador though. Loyalty cards are a weapon as well