Scuzz
4297
I mentioned up thread several weeks ago how the machine at my local grocery store offers a deal if you exchange your change for crypto.
It’s just like magic – you can take several pounds of change and put it all on a thumbdrive! And it may disappear more and more every day, again like magic!
FWIW, Bitcoin ATMs and coin redemption machines have been around for years, and apparently no one uses the Bitcoin part. (My understanding is Bitcoin enthusiasts pay to have these things installed.)
At Reiter’s Books, an independent bookstore across from the World Bank in downtown Washington, customers can browse titles on blockchain technology on the shelves and convert cash into bitcoin at the shop’s ATM. But owner Robert Nelson doesn’t accept crypto as payment. And he says a customer has yet to use the crypto option on the ATM, which is owned and operated by a vendor who gives him a cut of the transactions. “The whole thing is baffling,” Nelson said.
There used to be a Bitcoin coin redemption machine in my local grocery store, but it was yanked circa 2020.
This is great. It’s like having a bunch of arcade machines installed by an enthusiast in the lobby of an old folks home.
Except arcade machines could actually be put to good use.
Scuzz
4301
Bitcoin was a lesser percentage that cash now. I those coin machines cost 10% to get raise.
DrCrypt
4302
I might be alone in this, but of all the things to do with your jar of change, crypto actually seems one of the better uses. Change is sort of imaginary money anyway, just like crypto! So if you lose it, fine, and if it grows, well, hell, it’s just like finding more change in the couch.
Wait? You don’t use pennies to replace fuses in your fusebox?
Also, you can superglue quarters to the sidewalk and then watch people try to pick them up.
See, lots of better uses for your change than crypto!
Not better than converting your change to dollars.
You aren’t alone in it, but the company you keep is a bit sketchy
DrCrypt
4306
Gimme a break. No one’s more against crypto than me. I have turned six figure jobs down to be against crypto. But I also think if you are willing to pay a 12% fee to turn the change in your couch cushions into cash, it’s not too much of a logical stretch that you’d treat what you get back like a lottery ticket. You’re already not treating it like real money anyway.
Working as intended. These people didn’t want government regulation.
Funny that we aren’t told how many opf those grossly overvalued purchases were owned by friends and relatives.;
The FT has the spreadsheet:
I think lottery tickets are bad but less morally corrupt than crypto since its pretty simple to understand how they work.
Thrag
4312
They took notes on a criminal conspiracy.
Scuzz
4313
Anyone out there understand why banks quit counting your change for free?
Scuzz
4314
I probably have $300 in quarters mostly. I mean, who carries change anymore. Although I do keep some in my truck for parking meters.
Other than foreign currency I basically never have change. I only use cash at all about once a month, and usually that’s specifically to get change to use in the vending machine at work.
