RE: Bit coin
May 8, 2021 at 12:46 pm
(This post was last modified: May 8, 2021 at 12:49 pm by Brian37.)
(May 8, 2021 at 12:43 pm)BrianSoddingBoru4 Wrote:(May 8, 2021 at 12:41 pm)Brian37 Wrote: I love debit cards. It isn't bitcoin or even close. It represtents the literal money you have in your bank account, hardly virtual. I love debit cards because if you run out of money you cant spend it. I hate credit cards because it is basically a loan, and if you don't pay it off on time you get hit with revolving debt that accumulates interest. At least with debit cards you get cut off, without the interest.
But I don't understand how Bitcoin works. If it isn't representing real paper/coin money how the fuck does it work?
People who think debit cards aren’t virtual money don’t understand how debit transactions work.
Boru
I am 54 years old. I know damned well how debit cards work. You run out of money in your account, they cut you off.
The issue isn't debit, the issue is the money the bank earns off of your deposits in interest and fees for withdraw.