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utrex

42 karma · joined June 11, 2015

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utrex··on The War on Cash
Your argument is a little extreme, but with good testing you might be able to prove it in most cases.

A few interesting concepts: Cost of carriage: a fistful of cash is easy to carry, but a truck full of benjamins is not.

Should it be possible to make recordless transactions? What kinds of transactions? Are there exceptions?

Who should profit from containers for cash? (Visa network fees, the cost of a leather wallet, the cost of computation for BitCoin, the bank)

I've run out of time to keep whiteboarding ideas before I catch my bus, but, to summarize, I sympathize with your desire to do good in the world but there are a lot of ways cash is used that you might consider as you work on this idea.

utrex··on The War on Cash
It's not just the alarmist tone or the jittery pacing that makes this listicle unworthy of broad attention, it's the rhetorical errors as well. The author attributes this change to a war on cash rather than a global trend in response to common pressures and doesn't provide any strong evidence that governments themselves are driving these forces.

The selected links contain plenty of anecdotes but few balanced studies or statistics about why these changes are happening.

There's an interesting element of truth here: the world is moving to new systems of payment and cash use is declining, but the author is trying to frame this as dangerous without deriving a strong argument and is not clearly framing the status of cash. 1 stars for an interesting premise and a weak execution.

utrex··on The War on Cash
OP is referring to some source of authority but not actually naming it. If OP is referring to the message on the Treasury notes, OP's interpretation is reasonable but OP should read more texts.
utrex··on The War on Cash
Where do you see this? I see authoritative statements saying otherwise. "Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise" https://www.treasury.gov/resource-center/faqs/Currency/Pages...
utrex··on Amazon Snowball
It may cost that much to buy that capacity, but it costs a lot more than that to run the large scale organizations (CAPEX/OPEX) that build and buy these services. You're not just paying for a pipe, you're paying for the corporation.
utrex··on Amazon Snowball
You are right. I think that the value add is that in addition to getting to use 50TB of storage you also get good encryption and usable software.
utrex··on Amazon Snowball
Right, you can, but you pay for export at $0.03 per GB.
utrex··on Amazon Snowball
teraflop was right, it's $200 per snowball device job, which is currently limited to 50TB. Maybe that will change. You can order multiple jobs to import more data. You have 10 days to complete the transfer and ship it back and then it's $15 a day. $200 buys you 50TB per job, great encryption, and speedy migration. Sources: https://aws.amazon.com/blogs/aws/aws-importexport-snowball-t... and https://aws.amazon.com/importexport/pricing/