Well, there's the seller, the buyer, the seller's bank, the buyer's bank, and the seller's card processing agent. In some cases two or more of the third parties are the same organization, but usually they are not.
You don't necessarily trust the other party's bank or the payment intermediary, either. Sometimes, you just hope that your bank will be willing and able reverse the transaction if you have a problem.
Obviously, there is a point where the combination of the Fed's policies and Congress's borrow-and-spend policies will trigger inflationary price increases. No one knows for certain where that point is, but the Fed's operative assumption is based on doubling the money supply in one year during the 2008-2011 recession without any perceptible impact on prices.
I see a lot of wonderment over the value of "joke" cryptocurrencies like Dogecoin. I don't get why people are confused. Despite the whimsical theme it's no different from Bitcoin in terms of its legitimacy. If someone started minting "joke" gold coins with docks on them they'd still be made of gold.
> My brain is hardwired to replace #bitcoin with money. Try it foreign currencies (like the money you use) are a pretty decent form of investment where I live, FWIW. when local currency loses half of its value compared with foreign currencies in sudden episodes several times over one's life, and accumulates a devaluation of between 8 and 10 orders of magnitude over a single decade, investing in "money" doesn't sound such an odd idea. fortunately most of these devaluations are in a distant past, but there's still enough fluctuation that we have investment funds linked to some foreign currencies, and people who are saving for expenses abroad are often advised to rely on such funds, or to exchange early, as a form of insurance against major devaluations not that I invest or recommend crypto currencies as investment, mind you. it just doesn't feel weird at all for me to hear about investment in other currencies
I'm not sure they know what they're doing. Some government agencies probably still think #Bitcoin is a gold-color token, like something you would use at Chuck E. Cheese.
Though they did take the time to call out #stablecoins as one type that banks & thrifts can use, so they have at least read that much.
But I’m not pretending that I can time the market, so I’m not looking to buy something that will rise high enough to make me a millionaire. I’m looking at them as a medium of exchange, a means to facilitate purchases and sales. At this point, I’m not looking at them as a store of value, and certainly not as an investment.
Despite my insistence in conversations with #sonTwo that he should likewise consider cryptocurrency only as a means to purchase things, his father-in-law has been reading about sky-high #BTC prices and is putting up a small amount of money to get started investing in #cryptocurrency.
One of the big issues I have with #blockchain is that people lost all rationality once they saw the prices that #Bitcoin ( #BTC ) has reached. Suddenly, everything is blockchains when most things are not improved in any way by adding a blockchain.
And of course, whenever sleazeballs smell dummies with money, they start rolling out scam after scam using the magic word or phrase that convinces people to open their wallets and bank accounts.