alt Hacker NewsWhat frustrates me is I _still_ can't buy a burrito with it! Cmon guys, I would gladly have a smart card or rfid phone app to efficiently move petty cash around and cut out the $0.50 that big banks make on every transaction. I won't have any more than $300 on it at any given time, so if I lose it im not out of a life savings.
Nope, using money for everyday purchases is not kewl enough for the bored apes.
do you know how many laws and reg. exists to stop that? is it too hard for you to understand how finance steals that from you? you can build almost $0 fee system even today but regulator + lawyers in banks will come after you to put you in prison for not paying millions to licence for each state or several states. Things are simple, rent seekers stealing from everyone is not.