The Tarriff Hype.

[Ron in Regina]

No. It goes from your blockchain wallet because there are no more cards or cash.

Or reach into your pocket for your non-existent cash without needing your phone, an app, a block chain account, access to your bank account electronically through the internet connection to your vendors eTransfer block hooked to his phone, etc…with no electricity or interconnectivity needed or gadgets or data plans or fees needed.

Those coins or bills in your pocket (assuming pockets are also a thing that still exists I guess) aren’t less convenient than setting up all those other steps and inconveniences…though everything has its place. Internet banking is a great convenience but cash is still king.

 

[petros]

Or reach into your pocket for your non-existent cash without needing your phone, an app, a block chain account, access to your bank account electronically through the internet connection to your vendors eTransfer block hooked to his phone, etc…with no electricity or interconnectivity needed or gadgets or data plans or fees needed.

Those coins or bills in your pocket (assuming pockets are also a thing that still exists I guess) aren’t less convenient than setting up all those other steps and inconveniences…though everything has its place. Internet banking is a great convenience but cash is still king.

Do you live in a hut in the Botswanan Khalihari with the bush people?

 

[Ron in Regina]

Do you live in a hut in the Botswanan Khalihari with the bush people?

View attachment 28768

Do I have to to have money in my pocket?

 

[petros]

Do I have to to have money in my pocket?

Ask.

Polar Ice Cream Botswana | Gaborone

Polar Ice Cream Botswana, Gaborone. 28,447 likes · 8 talking about this · 138 were here. Welcome to Polar Ice Cream Botswana – sharing the happiness

www.facebook.com

 

[Ron in Regina]

Do you have any physical cash in your possession?

 

[petros]

Do you have any physical cash in your possession?

$8. 4 black loonies that I'm hanging on to.

Are you still paying shit exchange rates and wire transfer fees when doing cross border transactions?

 

[Ron in Regina]

$8. 4 black loonies that I'm hanging on to.

Are you still paying shit exchange rates and wire transfer fees when doing cross border transactions?

We get paid by Canadian dealerships in CAD, & US Manufacturers in USD, & maintain accounts in both USD & CAD (& have both USD & CAD CC’s paid from the respective currency accounts) to avoid that game & the skim involved in middlemen converting dollars for the most part.

(We haul directly for Canadian Dealerships & get paid in CAD, but we also haul for the US Manufacturers when Canadian Dealers finance their freight charges through the Manufacturers…& that pay comes in USD)

 

[petros]

We get paid by Canadian dealerships in CAD, & US Manufacturers in USD, & maintain accounts in both USD & CAD (& have both USD & CAD CC’s paid from the respective currency accounts) to avoid that game & the skim involved in middlemen converting dollars for the most part.

(We haul directly for Canadian Dealerships & get paid in CAD, but we also haul for the US Manufacturers when Canadian Dealers finance their freight charges through the Manufacturers…& that pay comes in USD)

All that can be done with 1 blockchain account with zero exchange losses, transfer fees and purchase in a zillion local currencies or pull cash at an ATM anywhere with a linked no fee CC. Fiat or a stable crypto coin.

Almost forgot free access to United and Air Canada lounges too.

 

[Ron in Regina]

All that can be done with 1 blockchain account with zero exchange losses, transfer fees and purchase in a zillion local currencies or pull cash at an ATM with a linked no fee CC.

We pay repair bills, fuel fills, incidentals, etc…in the US with US CC’s paid out from a USD bank account within 30 days. Same thing with Canada in Canadian. Done & done.

1% current acceptance doesn’t fly, but if/when times change, so will we. So far, here we are though.

“Oh, you broke down in Buttfuck, Nowhere, USA? Better hope that the Tow Operator takes Blockchain, and the repair shop, & hotel, and restaurants, and so on and so forth, etc…”

Hell, you might be surprised how long it took much of America to embrace debit cards when they were already common in Canada.

 

[petros]

We pay repair bills, fuel fills, incidentals, etc…in the US with US CC’s paid out from a USD bank account within 30 days. Same thing with Canada in Canadian. Done & done.
View attachment 28786
1% current acceptance doesn’t fly, but if/when times change, so will we. So far, here we are though.

“Oh, you broke down in Buttfuck, Nowhere, USA? Better hope that the Tow Operator takes Blockchain, and the repair shop, & hotel, and restaurants, and so on and so forth, etc…”

Hell, you might be surprised how long it took much of America to embrace debit cards when they were already common in Canada.
View attachment 28787

And you pay annual fees on those CCs.

Mainstream adoption is months away. August by the sounds of things.

 

[Ron in Regina]

And you pay annual fees on those CCs.

Mainstream adoption is months away. August by the sounds of things.

Well, if that happens (& Americans didn’t even want to embrace debit cards until years after they where common in Canada), we’ll reassess, but currently with that one percent acceptance rate…I’ll just listen to you talk about Blockchain here.

 

[petros]

Well, if that happens (& Americans didn’t even want to embrace debit cards until years after they where common in Canada), we’ll reassess, but currently with that one percent acceptance rate…I’ll just listen to you talk about Blockchain here.

Here is how you pay for a tow truck in butt fuck nowhere with blockchain.



You can use a plethora of fiat or crypto currencies anywhere. Even in Botswana.

Even the chimps use blockchain.

The U.S. government is aiming to finalize comprehensive cryptocurrency legislation by August 2025. This legislation aims to provide legal clarity for cryptocurrency transactions and is expected to impact the banking sector and other aspects of the cryptocurrency landscape. Specifically, it is expected to address stablecoins and the overall structure of the cryptocurrency market.

Elaboration:
Comprehensive Crypto Legislation:
The U.S. Senate Banking Committee, led by Senator Tim Scott, is actively working towards enacting a comprehensive crypto market bill by August 2025. This bill is expected to address various aspects of the cryptocurrency market, including stablecoins, market structure, and potential regulatory frameworks.

Stablecoin Focus:
There is a strong focus on regulating stablecoins, which are digital assets pegged to the value of a fiat currency like the US dollar. Legislators are considering bills like the House STABLE Act and the Senate GENIUS Act to address the unique risks and opportunities associated with stablecoins.

Impact on Banking:
The new legislation will likely have a significant impact on crypto-friendly banks, which are expected to adapt to the new regulatory environment. Banks may need to strengthen their risk management systems, explore new technologies like blockchain, and collaborate with regulatory bodies to ensure compliance.

Evolving Regulatory Landscape:
The U.S. is playing a crucial role in shaping crypto regulations globally, and the implementation of these new laws will influence how other countries approach the sector. The U.S. has lagged behind other nations in developing comprehensive crypto regulations, but this may be changing soon.

Potential for Innovation:
While the new regulations will likely increase the regulatory burden, they also have the potential to foster innovation and create a more stable and trustworthy environment for cryptocurrency. By providing legal clarity, the legislation could encourage more mainstream adoption of cryptocurrency and blockchain technology.


Kiss the Federal Reserve goodbye.

 

[Ron in Regina]

How quickly can Japan replace all of China’s bulk ships? Anyway, as currently drafted, the new rules would have a devastating impact not just on China, but would harm almost all companies and and almost all countries that rely on marine transportation to ship essential cargo.

Trump signed an order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry. His government the next day watered the measures down by shielding domestic exporters and vessel owners serving the Great Lakes, the Caribbean and U.S. territories.

(I’m assuming some bright bulb explained what some of the unintended consequences of this might be)

Holy shit. The chimps missed these bananas.

Tariffs are the icing on the funeral cake.

What’s the unintended consequence of this? Does Japan own Chinese made bulk ships? Whose ships will Japan make first? How fast can they replace them if this is the case? If so, what happens in the meantime (?) and where do foreign (to Japan) shippers fall on the list? That’s just off the top of my head….& I don’t know what the other unintended consequences are at this point.

The spat over ocean shipping, which conveys 80% of global trade, is the latest conflict in an intensifying trade war between China and the U.S. that has pushed levies on each other's imports beyond 100%.

China shipbuilders rip Trump's 'short-sighted' US port fees — Reuters

China's shipbuilders on Saturday blasted as "short-sighted" U.S. port fees announced by President Donald Trump's administration on China-linked ships, a measure aimed at the nation's shipbuilding industry.

apple.news

 

[Taxslave2]

What $10 bill? The one in your memory?

Just transfer $10 into your DickeeDee app, run out, wave them down and get your ice cream. No gadget? No problem use your fingerprint on their gadget that's linked to your gadget.

No thanks. Ill just use cash. Don't need to drag a bunch of electronic gadgets around. No worries about no internet, which is common here.

 

[Taxslave2]

All that can be done with 1 blockchain account with zero exchange losses, transfer fees and purchase in a zillion local currencies or pull cash at an ATM anywhere with a linked no fee CC. Fiat or a stable crypto coin.

Almost forgot free access to United and Air Canada lounges too.

Great, for the 3 people in Canada that do that stuff.

 

[petros]

No thanks. Ill just use cash. Don't need to drag a bunch of electronic gadgets around. No worries about no internet, which is common here.

Who said you have a choice?

 

[petros]

Great, for the 3 people in Canada that do that stuff.

You aren't smart enough?

 

[Taxslave2]

You aren't smart enough?

DOn't import anything. Never deliberately fly Air Canada.

 

[petros]

DOn't import anything. Never deliberately fly Air Canada.

You don't have to import anything. You actually fly westjet? Why?

 

[Taxslave2]

You don't have to import anything. You actually fly westjet? Why?

A couple of weeks ago, I flew to Edmonton to pick up a truck. That was the first time in about 6 years I have been on a plane with no floats. Used Flair Air. Same plane, same poor service, and dirt cheap.