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A comment on SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing. Parent comment

Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by mankash666 on Tuesday August 22, 2017 @04:57PM (#15076321)
What you really need is online cash. Like real cash, but online friendly to facilitate e-commerce.

No cash back. No fees... Just simple transactions, like walking upto the cash register and paying with cash.

[ Parent | on HN ]
Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by cortesoft on Tuesday August 22, 2017 @06:13PM (#15076824)
And if the person you ordered from fails to send you the item? Or sends you a defective item? Or if someone steals my info and spends my cash?

Credit cards act as an escrow service to protect against all of those things. Cash (and its online equivalent) has a place in the world, but so do credit cards.

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Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by raverbashing on Tuesday August 22, 2017 @05:16PM (#15076472)
> No fees...

Suuuuure

Filling cash registers, sending money to the bank and counting money is free, and there's no loss from theft or mistakes

Oh they aren't? Then money is not free of fees

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Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by mikeash on Tuesday August 22, 2017 @05:18PM (#15076487)
I don't really want, and definitely don't need, that sort of thing. I'd much rather pay for online purchases using something that protects me in the event of fraud.
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Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by Spivak on Tuesday August 22, 2017 @06:20PM (#15076861)
Hence the existence of credit cards. It would be nice to have these protections without the line of credit attached but you can just ignore it if you want.
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Re:SEC Is Studying Spotify's Plan to Bypass IPO in NYSE Listing by JustAnotherPat on Tuesday August 22, 2017 @05:12PM (#15076444)
why would we need that? Most people opt for credit over cash even in person. Credit offers protection. B@tcoin does not.
[ Parent | on HN ]