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RE: Losing confidence and everyday PHUD

in LeoFinance5 years ago

The challenge with this ‘old dirty fiat money’ is this often times helps small businesses the most. Giving someone cash, right there in hand, eliminates 99% of fees for them besides having to drive to the bank. The worst part about the digital money is this will never happen, and putting more pressure on squeezing out the little guy. I enjoy crypto very much but there’s a lot of small businesses throughout the world that benefit greatly for cash. The unfortunate asshole big companies destroy their abilities to be successful at so many points, I love to help them in any way possible.

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I agree with what you say about small businesses. The need for cash when you start is huge, but that only because the whole system is based on cash. You pay bills with cash, send your kids to school with cash, pay a rent with cash. If crypto would become a worldwide accepted system, then I think the possibilities would expand. No more converting one currency into another, paying fees and numerous comissions. There are definetely some advantages to cash, but maybe some of them exist because fiat is the only system humanity has been functioning with for so many years.