View Single Post
Old 11-10-2017, 01:43 PM   #81 (permalink)
jamesqf
Master EcoModder
 
Join Date: Jun 2008
Location: Earth
Posts: 5,209
Thanks: 225
Thanked 811 Times in 594 Posts
Quote:
Originally Posted by redpoint5 View Post
e-currency is all but inevitable. I almost never use cash, and increasingly it's only used by old people, paranoid people, criminals, and in other countries as a store of value.
OK, so you're weird :-)

But you're way off on the people & instances where cash is used. For instance, my grocery store. Most gas stations, where it's about 5 cents/gal cheaper to pay cash. Most transactions between individuals, where you don't want to hassle with setting up an electronic transaction, and don't want a personal check - e.g. buying a car.

Even where on-line transactions are done between individuals, it's not an electronic crypto-currency being used, but good old dollars in the bank.

Quote:
The wealthy live as if they were poor, and the poor live as if they were wealthy.
It's not just that. A lot of it requires adjusting your ideas of just what constitutes "wealth". Who's wealthier, the guy who wears a Rolex, or the guy who doesn't wear a watch because his time's his own?

  Reply With Quote