What non-scam reasons does anyone have to use Western Union for anyway? Remittances and...????
Bank to Bank transfers for any reason. I had to pay for surgery that way for example
I can get certified checks, money orders, and wire transfers through my bank. Why do I need to use WU for that?
You probably don't, but lots of people don't have access to traditional banking.
*raises hand*
A little over 5 years ago I was cashing my paycheck at walmart because only Wells Fargo would let me open a checking account as long as I payed them for the privilege, which meant I would have to skip a meal or 2 just to have a bank account. I felt food was more important than paying for a service that did nothing more than line the pockets of some one who already had too much money, and would do everything it could to take even more money from me*.
*Like the time about a decade ago when Wells Fargo (literally the only bank that would let me open an account, I tried all of them that had a local branch) charged me an overdraft fee when my account never technically overdrafted (Made purchase, authorization expired but purchase hadn't posted yet, spent some of that money, realized my mistake and put borrowed cash in before the purchase posted). Called to complain and got a "we can't do anything, all overdraft fees are final. Good bye" response. This is what made me drop banking entirely until I met my wife that had an account at a credit union.
Veevee on
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I ZimbraWorst song, played on ugliest guitarRegistered Userregular
What non-scam reasons does anyone have to use Western Union for anyway? Remittances and...????
Bank to Bank transfers for any reason. I had to pay for surgery that way for example
I can get certified checks, money orders, and wire transfers through my bank. Why do I need to use WU for that?
You probably don't, but lots of people don't have access to traditional banking.
*raises hand*
A little over 5 years ago I was cashing my paycheck at walmart because only Wells Fargo would let me open a checking account as long as I payed them for the privilege, which meant I would have to skip a meal or 2 just to have a bank account. I felt food was more important than paying for a service that did nothing more than line the pockets of some one who already had too much money, and would do everything it could to take even more money from me.
Same here; I had some chexsystems shit from an old account and couldn't open a new one. Although I went to that sketchy-as-hell check cashing place off State St.
I had to actually write a check for something the other day and realized I hadn't done that in over a decade.
I don't know if giving money to Walmart instead of giving money to Wells Fargo is sticking it to the rich people that have more money than they could ever need as much as you think
Hasn't Elizabeth Warren been trying to get some simple banking elements introduced into the US Postal Service locations, both to buoy up their usage and to make modern banking more accessible to more people?
Someone has, and I could swear she was one of the louder voices on that matter, even if she wasn't literally the first to come up with it.
First they came for the Muslims, and we said NOT TODAY, MOTHERFUCKER!
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I ZimbraWorst song, played on ugliest guitarRegistered Userregular
Hasn't Elizabeth Warren been trying to get some simple banking elements introduced into the US Postal Service locations, both to buoy up their usage and to make modern banking more accessible to more people?
Someone has, and I could swear she was one of the louder voices on that matter, even if she wasn't literally the first to come up with it.
Yes! She and Gillibrand both have touted it and introduced a bill in the house last year.
It's a great idea that will go nowhere for all the reasons you would expect.
I don't know if giving money to Walmart instead of giving money to Wells Fargo is sticking it to the rich people that have more money than they could ever need as much as you think
I had the choice of $3 per paycheck to walmart, or $10 a month + whatever BS the bank could come up. And they came up with a lot of BS.
Being paid in cash was not an option.
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zepherinRussian warship, go fuck yourselfRegistered Userregular
Hasn't Elizabeth Warren been trying to get some simple banking elements introduced into the US Postal Service locations, both to buoy up their usage and to make modern banking more accessible to more people?
Someone has, and I could swear she was one of the louder voices on that matter, even if she wasn't literally the first to come up with it.
I mean we legit should do that.
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Inquisitor772 x Penny Arcade Fight Club ChampionA fixed point in space and timeRegistered Userregular
Banks should offer basic services to people for free. Period.
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ApogeeLancks In Every Game EverRegistered Userregular
Perhaps we could create some kind of decentralized, distributed ledger that would allow everyone to independently track their finan- nevermind, it'll never work.
To be fair, if someone is struggling to get a bank account, its not really a great solution to tell them to be their own bank by using crypto currency. Getting ganked out of all of your money because you didnt understand how to securely use crypto or trusted the wrong exchange is worse than overdraft fees.
Americans are about 10 yrs behind the rest of the developed world when it comes to banking it seems.
Western Union doesn't really have much of a purpose here in the UK itself, but the sending of remittances is a huge, huge market.
Look, if we can't destablize the world's economy every decade or so because the banking industry isn't making quite enough profit, what's the bloody point?
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Inquisitor772 x Penny Arcade Fight Club ChampionA fixed point in space and timeRegistered Userregular
It's completely infuriating having lived in other countries and experienced how their banking works to come back to America and watch banks literally suck money out of the people who can least afford it. There's absolutely no reason why it needs to be this way outside of the people making money from it don't want to see the system change.
The gravity well of wealth provided by already having it is kind of crazy.
The best way to make a bunch of money, is to start with a lot of it?
I feel like the entire idea of Cryptocurrency is sold as a way of combating that. In reality it's just building a separate system of wealth in which the inventors have the head start.
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OrcaAlso known as EspressosaurusWrexRegistered Userregular
Man, when I worked at a grocery store I could just cash my check right there at the register. If you work in retail there is no good reason why they can't just give you the damned money right then and there.
…announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information.
About a year ago, the company appointed former PayPal executive David Marcus to begin exploring opportunities with blockchain, the technological underpinning for cryptocurrency. Since then, several outlets have reported that the company has been building its own digital currency, which users will be able to store, trade, and exchange for regular currency, in part through Facebook apps including Messenger and WhatsApp. The report adds that Facebook is also planning physical ATM-like machines where users can buy the currency.
I find it difficult to believe that Facebook's lawyers would sign off on a proposal to allow employees to be paid in Zucker Bucks. I'm not surprised somebody at Facebook would think it's a good idea, but the company lawyers should shoot it down in an instant.
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FencingsaxIt is difficult to get a man to understand, when his salary depends upon his not understandingGNU Terry PratchettRegistered Userregular
I find it difficult to believe that Facebook's lawyers would sign off on a proposal to allow employees to be paid in Zucker Bucks. I'm not surprised somebody at Facebook would think it's a good idea, but the company lawyers should shoot it down in an instant.
Facebook is about a couple of steps away from being a cult at this point.
I did some reading on this when a business in my town got shut down for allowing employees to take store credit instead of cash pay. It was optional, but still super duper illegal, the FLSA requires employers to pay in cash, except for some specific and heavily limited cases where "facility" pay (lodging, food, or transportation) is legal, and even that is almost never legal to make up the entire compensation.
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BlackDragon480Bluster KerfuffleMaster of Windy ImportRegistered Userregular
…announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information.
About a year ago, the company appointed former PayPal executive David Marcus to begin exploring opportunities with blockchain, the technological underpinning for cryptocurrency. Since then, several outlets have reported that the company has been building its own digital currency, which users will be able to store, trade, and exchange for regular currency, in part through Facebook apps including Messenger and WhatsApp. The report adds that Facebook is also planning physical ATM-like machines where users can buy the currency.
I find it difficult to believe that Facebook's lawyers would sign off on a proposal to allow employees to be paid in Zucker Bucks. I'm not surprised somebody at Facebook would think it's a good idea, but the company lawyers should shoot it down in an instant.
Rich people hiring lawyers that only tell them what they want to hear is In this year.
Dogecoin had that racecar and thus is the best crypto.
It's one of the few cryptos that's actually being used as a currency and not "a currency used to facilitate murder, drugs, pedophilia and multiple other illegal shit"
not a doctor, not a lawyer, examples I use may not be fully researched so don't take out of context plz, don't @ me
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FencingsaxIt is difficult to get a man to understand, when his salary depends upon his not understandingGNU Terry PratchettRegistered Userregular
I find it difficult to believe that Facebook's lawyers would sign off on a proposal to allow employees to be paid in Zucker Bucks. I'm not surprised somebody at Facebook would think it's a good idea, but the company lawyers should shoot it down in an instant.
Rich people hiring lawyers that only tell them what they want to hear is In this year.
Usually it's just rich people not listening to their lawyers.
Someone should do a coin offering that somehow can only be mined with renewable energy. It could act as an actual market driver for renewables. Overall though I think crypto currency is just a bad implementation of the block chain technology.
Someone should do a coin offering that somehow can only be mined with renewable energy. It could act as an actual market driver for renewables. Overall though I think crypto currency is just a bad implementation of the block chain technology.
It's more than that - it's trying to engineer one's way out of a social problem, in this case "how can I run an economy without trust?" The answer is "with great difficulty", which is why black markets historically are very inefficient and corrupt. And it turns out that technology doesn't change that, because you can't engineer your way out of a social problem.
Someone should do a coin offering that somehow can only be mined with renewable energy. It could act as an actual market driver for renewables. Overall though I think crypto currency is just a bad implementation of the block chain technology.
It's more than that - it's trying to engineer one's way out of a social problem, in this case "how can I run an economy without trust?" The answer is "with great difficulty", which is why black markets historically are very inefficient and corrupt. And it turns out that technology doesn't change that, because you can't engineer your way out of a social problem.
Renewables do actually pay with coins, too. US coins. In money saved since you can have power generation on your own property.
bowen on
not a doctor, not a lawyer, examples I use may not be fully researched so don't take out of context plz, don't @ me
I've read that the Facebook coin reveal is going to be a white paper only, and any implementation or coin launch is a year out. In a sane word that means they will take their negative PR bath and rejection from the crypto community and quietly kill the project some time over the next year. In a sane world...
You know that's a good point, the crypto crowd is never going to buy into a Facebook coin right? I mean I don't understand the crypto crowd in general, but I'm pretty sure the big thing about them is how they don't trust government / corporations at all.
You know that's a good point, the crypto crowd is never going to buy into a Facebook coin right? I mean I don't understand the crypto crowd in general, but I'm pretty sure the big thing about them is how they don't trust government / corporations at all.
There are different sectors of the crypto crowd.
You've got the hyper libertarians you're talking about who seem unlikely to touch a ZuckerBuck coin.
Then you've got the geeks who either are a little libertarian-leaning or just don't know/care about the political/personal-rights angle of cryptocurrency and are in it because they're convinced anything involving a computer is The Future and they want in on it. Facebook isn't really cool anymore in tech/futurist circles, though, so I'm not sure how much they'll want in either.
Then there are people who don't know/care about the motivations for why cryptocurrency exists and are just into it because of the get-rich-quick potential. These are likely to also be people who still use Facebook so are probably the primary target demographic.
And finally you've got the people who may or may not understand/care about the motivations behind cryptocurrency, realize the whole thing is a Ponzi scheme in fancy clothes, but are down with that and can afford to try to leverage their already considerable wealth to pump-and-dump ICOs for some more money. These are probably the ones behind ZuckerBucks in the first place and whose activities will drive them to look successful whenever they do launch and whose withdrawl from the market once they feel the time is right will drive the value straight into the basement.
PSN,Steam,Live | CptHamiltonian
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webguy20I spend too much time on the InternetRegistered Userregular
I keep seeing ads on TV suggesting to the viewer that they get their investments out of gold and into bitcoin, as gold isn't doing much and bitcoin is the new hotness. It's very silly.
I feel like the company that can track users to absurd levels of detail might not be the most 'acting in good faith lot' for releasing a cryptocurrency
I feel like the company that can track users to absurd levels of detail might not be the most 'acting in good faith lot' for releasing a cryptocurrency
But that's the beauty of crypto! You don't need trust! (You totally need trust).
I keep seeing ads on TV suggesting to the viewer that they get their investments out of gold and into bitcoin, as gold isn't doing much and bitcoin is the new hotness. It's very silly.
I keep seeing ads on TV suggesting to the viewer that they get their investments out of gold and into bitcoin, as gold isn't doing much and bitcoin is the new hotness. It's very silly.
Who on earth is paying for these ads?
(Crypto exchanges?)
My guess? Somebody who needs the value to go up so they can cash out without losing a ton of money.
Posts
I can get certified checks, money orders, and wire transfers through my bank. Why do I need to use WU for that?
You probably don't, but lots of people don't have access to traditional banking.
*raises hand*
A little over 5 years ago I was cashing my paycheck at walmart because only Wells Fargo would let me open a checking account as long as I payed them for the privilege, which meant I would have to skip a meal or 2 just to have a bank account. I felt food was more important than paying for a service that did nothing more than line the pockets of some one who already had too much money, and would do everything it could to take even more money from me*.
*Like the time about a decade ago when Wells Fargo (literally the only bank that would let me open an account, I tried all of them that had a local branch) charged me an overdraft fee when my account never technically overdrafted (Made purchase, authorization expired but purchase hadn't posted yet, spent some of that money, realized my mistake and put borrowed cash in before the purchase posted). Called to complain and got a "we can't do anything, all overdraft fees are final. Good bye" response. This is what made me drop banking entirely until I met my wife that had an account at a credit union.
Same here; I had some chexsystems shit from an old account and couldn't open a new one. Although I went to that sketchy-as-hell check cashing place off State St.
I had to actually write a check for something the other day and realized I hadn't done that in over a decade.
Someone has, and I could swear she was one of the louder voices on that matter, even if she wasn't literally the first to come up with it.
Yes! She and Gillibrand both have touted it and introduced a bill in the house last year.
It's a great idea that will go nowhere for all the reasons you would expect.
I had the choice of $3 per paycheck to walmart, or $10 a month + whatever BS the bank could come up. And they came up with a lot of BS.
Being paid in cash was not an option.
Western Union doesn't really have much of a purpose here in the UK itself, but the sending of remittances is a huge, huge market.
Look, if we can't destablize the world's economy every decade or so because the banking industry isn't making quite enough profit, what's the bloody point?
The best way to make a bunch of money, is to start with a lot of it?
I feel like the entire idea of Cryptocurrency is sold as a way of combating that. In reality it's just building a separate system of wealth in which the inventors have the head start.
Fucking businesses, man.
As the folks at LGM point out, this combines all the bad aspects of company scrip with all the bad aspects of cryptocurrency. Or in other words, a perfect Facebook product.
I hope Zuckerberg tries to be paid in Zuckerbucks if this is the case.
Facebook is about a couple of steps away from being a cult at this point.
Obligatory:
At this point Dogecoin is the winner, because at least it features a doggo.
~ Buckaroo Banzai
Rich people hiring lawyers that only tell them what they want to hear is In this year.
It's one of the few cryptos that's actually being used as a currency and not "a currency used to facilitate murder, drugs, pedophilia and multiple other illegal shit"
Usually it's just rich people not listening to their lawyers.
It's more than that - it's trying to engineer one's way out of a social problem, in this case "how can I run an economy without trust?" The answer is "with great difficulty", which is why black markets historically are very inefficient and corrupt. And it turns out that technology doesn't change that, because you can't engineer your way out of a social problem.
Renewables do actually pay with coins, too. US coins. In money saved since you can have power generation on your own property.
There are different sectors of the crypto crowd.
You've got the hyper libertarians you're talking about who seem unlikely to touch a ZuckerBuck coin.
Then you've got the geeks who either are a little libertarian-leaning or just don't know/care about the political/personal-rights angle of cryptocurrency and are in it because they're convinced anything involving a computer is The Future and they want in on it. Facebook isn't really cool anymore in tech/futurist circles, though, so I'm not sure how much they'll want in either.
Then there are people who don't know/care about the motivations for why cryptocurrency exists and are just into it because of the get-rich-quick potential. These are likely to also be people who still use Facebook so are probably the primary target demographic.
And finally you've got the people who may or may not understand/care about the motivations behind cryptocurrency, realize the whole thing is a Ponzi scheme in fancy clothes, but are down with that and can afford to try to leverage their already considerable wealth to pump-and-dump ICOs for some more money. These are probably the ones behind ZuckerBucks in the first place and whose activities will drive them to look successful whenever they do launch and whose withdrawl from the market once they feel the time is right will drive the value straight into the basement.
Origin ID: Discgolfer27
Untappd ID: Discgolfer1981
Want to play co-op games? Feel free to hit me up!
But that's the beauty of crypto! You don't need trust! (You totally need trust).
Who on earth is paying for these ads?
(Crypto exchanges?)
My guess? Somebody who needs the value to go up so they can cash out without losing a ton of money.