Re:Buffett bashes Bitcoin as nonproductive, thriving on myst...
by strypey on Wednesday May 09, 2018 @03:53PM
(#17033363)
Debit cards aren't cash. They're credit cards that get instantly paid off from your bank account by direct debit. But you're right to laugh at the idea that cash is dead. In China, everyone who isn't using AliPay or WeChatPay (ie credit cards without the plastic card) is using cash. Yes, people use credit or debit cards a lot more often now, but paying with cash is very much still a thing.
The laughter is justified not only for the illogic of this, but the fact that this is somehow a good reason to buy Bitcoin.