• 3 Posts
  • 196 Comments
Joined 3 years ago
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Cake day: August 27th, 2023

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  • New records are ridiculously priced! There are jewels hidden in thrift store bins or in some of the more “messy” looking record stores for very reasonable prices. Digging through the pictures and the names you may or may not know, to select albums based on their title and cover: there’s an incredible charm to that. I visit a lot of record stores, the ones that look too neatly organised and every single record is in a sealed shrink wrap, are the ones I leave rather quickly. I want my record store to look and feel like an old attic :)








  • I disagree. For a very large volume of very small transactions the time it takes to process 1 digital payment is a fraction of the time it takes to process 1 cash payment (and giving back change). For very small transactions in digital payment there’s no entering PIN, no confirming, no thinking and change giving, no opening cash registry or even putting it in a pocket or pouch, it’s incredibly fast nowadays. I don’t even have to put my card in the machine, just hold it in front of it, seller doesn’t have to count or give back, it saves enormous amounts of time.






  • The part everyone ignores is that the cash also has a price for the stores or anyone with a lot of money. They have to spend a lot more time, effort and money on security for their cash. After a while putting it under your mattress just doesn’t work anymore. And it costs you 1 - 2 % per received payment, but you also “save” 1 - 2% by having your money on an account where you get intrest on it while your under the mattress stash just becomes worth less and less purchasing power a lot faster… It’s a slight win for banks (waaaay less employees and offices), but the entire gain of electronic payment is definitely not benefiting only the banks, that’s oversimplifing things a lot.