US Politics Mega-thread

US Politics Mega-thread - Page 5352

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KT_Elwood

Germany1085 Posts

1 hour ago

#107021

On November 11 2025 04:50 Velr wrote:
Shouldn't be an issue nowadays, Debit cards work basically everywhere too.

I stumbled across an article explaining it.

The "Girocard" system of germany is cheaper and independent of US service providers and their.. "creative" additional charging with debit and cc.

Since in germany it's illegal to ask the customer for a surcharge because of their payment method, businesses have to raise prices across the board factoring in the more expensive non-cash methods.

Businesses want to be transparent about the charges of the individual service providers, so customers know what service is more expensive.

If everytime they use a "Visa" it charges them 0.5%+ 0.80€ they'd stop using visa.

But that would lose the bank that works with Visa their share..and Visa some business.

So I am all for a digital Euro that can be processed cheaply and doesn't hide it's profits behind the prices of businesses selling goods and services.

WombaT

Northern Ireland26022 Posts

9 minutes ago

#107022

On November 12 2025 20:01 Jankisa wrote:

Show nested quote +

I'm not a welfare enjoyer, I pay into it so other people don't have to have shitty life.

A bunch of banks having a meeting about lunching a stable-coin that will never really be used for anything because the EU digital euro will make it pointless does not mean that crypto has any place in finance in Europe.

Trading, investing and porn? Jesus man, are you 17 and unable to wrap your head around having a job in order to make money?

My money is being invested in my life, my house, my vineyards, it sure as fuck is not going to go into betting that a number will go up or down. If I do decide do invest it I'll invest it in tangible companies who do stuff, not vaporware for degenerates to bet on.

I'm gonna skip your economy comments because I don't want to discuss things with someone who obviously buys into Trump propaganda and doesn't get how real economy works.

I can bring up many people outside of the most successful and one of the rare moral investors of our times, but I don't need to because to anyone who is not emotionally and monetarily invested in this, the biggest ponzi schemes of all time it's obvious that crypto is dumb, like I said, gambling for nerds.

I've been listening to people like you for a decade plus now, always asking for actual use case, every time I ask you something you move the goalposts, you even lie, if, deep down you actually believed your own BS you wouldn't need to do that, unfortunately, you do, just like your little "retail adoption" bullshit you tried to sell that kicked off this discussion.

So, you go ahead and enjoy it, put all of your money in, take more risks, that's the best and smartest way to become rich and happy, might as well go to Polymarket and put it all on a 1:5 bet, why not, you can get 5 times what you put in, that sounds awesome, your GDP will go 5x!

It’s like that bell curve meme where the idiot and the genius both have it right. Dave the Luddite down the pub who doesn’t know or care much about tech or the intricacies of finance will just dismiss it as bollocks. Then at the other end, people who are very au-fait with either or both also dismiss it as bollocks.

I was sold on some interesting applications of crypto, way over a decade ago. Initial evangelists seemed markedly different people, either politically motivated, or fascinated by the tech side and cool shit you could do, or both.

But that ended up being fully consumed by the second wave, where crypto’s main use case became as a speculative investment. Which then rendered many an actually interesting use case completely non-viable, because of almost diametrically opposed desires and incentives across these two groupings.

I’m pretty sure many people do absolutely know it’s a Ponzi scheme of digital beanie babies to be fair, but it’s not really in their interest to tell folks that’s what they’re doing.

I’ve heard some interesting hypotheses that, while obviously being partly technological, some enthusiasm for certain trends actually stems more from a combination of global economic shocks, as well as growing wealth inequality.

If you don’t have much capital to work with, even if you’re in the black with more traditional investment, returns aren’t generally going to be enough to really uplift you from your station. Ain’t going to give you enough capital to get on the housing ladder or whatever.

Speculating on potential long shots, with a potentially huge upside? I mean that’ll do it if you’re in the right place, right time. Aside from the obvious facilitation of the online/smartphone combo which is also huge, I’d contend it’s part of why regular gambling, especially on sports has also exploded.

I dunno if I 100% agree but it does seem a pretty plausible hypothesis.

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