News for hackers. Stuff that matters.

A comment on Web 3.0 – An Arrogant and Treacherous Successor Doomed to Fail. Parent comment

Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by foobiekr on Tuesday November 22, 2022 @03:22PM (#33710940)
In the us the credit card option has very strong statutory consumer protections. As a rule people should be using credit cards, not debit cards.

I am fascinated by the ridiculous claims that this somehow makes things hard.

[ Parent | on HN ]
Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by mschuster91 on Wednesday November 23, 2022 @03:57AM (#33716746)
> In the us the credit card option has very strong statutory consumer protections. As a rule people should be using credit cards, not debit cards.

... and pay a lot of interest to their banks as a result. Here in Europe, we don't need to pay interest for credit cards or worry about paying CC bills on time to avoid them, as we have strong consumer protection laws in general and SEPA direct debits can be clawed back no-questions-asked for three days.

[ Parent | on HN ]
Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by foobiekr on Wednesday November 23, 2022 @02:51PM (#33723720)
That’s not how it works. If you pay it off in the month you pay $0. Maybe don’t be so confident.
[ Parent | on HN ]
Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by mschuster91 on Thursday November 24, 2022 @03:20AM (#33728920)
> If you pay it off in the month you pay $0.

How many people have the financial discipline or the financial education? Banks are making a truckload of money on that not being the case.

[ Parent | on HN ]
Re:Web 3.0 – An Arrogant and Treacherous Successor Doomed to... by foobiekr on Saturday November 26, 2022 @07:19PM (#33758550)
You’re comparing to debit cards where there is no float at all. You were mistaken in your first post. Just go with it.
[ Parent | on HN ]