Re:Coronavirus is not a good argument for quitting cash
by icedchai on Saturday March 21, 2020 @11:42AM
(#22647289)
I can understand your point of view, but personally I don't care if credit card companies know what stores I go to, what I'm buying and if they sell that data. I get targeted marketing, some extra junk mail, in return for a 1 to 5% discount.
In the unlikely event I find the need for an illicit purchase, I'll use cash.
Re:Coronavirus is not a good argument for quitting cash
by choward on Saturday March 21, 2020 @03:51PM
(#22649422)
> In the unlikely event I find the need for an illicit purchase, I'll use cash.
You seem to be alluding to the "I have nothing to hide argument". Just because you think you have nothing to hide, doesn't mean you do. Things you don't think you need to hide now may become things you wish to hide in the future. Just because you "have nothing to hide" doesn't mean that you're not entitled to privacy. Would you want me looking through your transaction history?
Re:Coronavirus is not a good argument for quitting cash
by icedchai on Saturday March 21, 2020 @07:41PM
(#22651243)
You are correct, there is no doubt. I just don't see this as likely enough to happen, so I take the convenience of using credit cards and the benefit of credit card points / free stuff.
I would not want my detailed transaction history being public, but am okay with it being used for targeting in a pseudo-anonymized way.
They re-coup this by overcharging businesses as well as having some VERY valuable data. I don't want to play the stupid credit card game either and try to guess which card I should get to get the most "deals".
All I want is a convenient way to pay that doesn't invade privacy. The only two payment methods that satisfy this that I know of are cash and cryptocurrency. I'm not a fan of cryptocurrency for many reasons so cash is my only option.