[In An About Face] Tora no Ana Cuts Visa & Mastercard Right Before Comiket | Sankaku Complex
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Despite the push for digital currency, their actions alone make physical currency a necessity since they couldn't wait for it to be fully implemented before going moral draconian on us..
The only problem is that even physical dollars and euros are a digital currency with no concrete value.
You’re mostly right about the “no concrete value”part, but they are in no way “digital.” Unless we’re doing a convoluted bit where we say that you have to hold them with your fingers and therefore….
Their value is based on nothing but algorithms and faith. A dollar doesn't actually represent anything. Even if you hold the physical dollar bill in your hand, in the span of 4 years of Biden's administration, its value can still decrease by 40%. You can't buy as much as you used to with it. It has no actual value. If an apocalypse or a Venezuela-esque bankruptcy were to strike, a 100$ bill would be worth less than a strip of toilet paper.
I agree that having the physical bill is worth more than going through the intermediary of Visa and Mastercard when they can block your account willy-nilly, or when other groups can choose not to recognize bank transfers from those institutions as valid. However, we are far past the point where our money had any true value beyond the abstract.
Yeah, but that's all to the first point, which I agreed with. It's still a physical object which exists in the absence of electricity, internet, computing, etc. It's not digital.
More importantly, not traceable.
Federal Reserve notes are backed by oil, and in a collapse scenario they'd still be useful simply due to inertia.
Good. Hate to see everyone kowtow to Western Karens all the time.
Visa and Mastercard also abused their monopoly to try to destroy wikileaks.
Japan’s government should set up their own competitor
We're gonna end up with every country having their own internet and banking system. Well I guess it's a win over the globalists...
I mean, that's kind of a huge part of the point of having a country in the first place, that your social and economic sectors are protected from outsiders who would seek to do them harm.
Cutting visa and Mastercard will have no effect on Comiket sales in person. Went last summer and did everything in cash no problem. Of course, many people buy copies of stuff from comiket online, but there are other options for paying so people who want their stuff can use those. At worst it should be a short period of adjustment for a small few who don't have those other options. Really foreign sales probably take the biggest hit, but it's more than worth not bending the knee.
I always wanted to go to comiket. Who knows how long its gonna be around for before globohomo subvert or kill it off.
If you go in the summer make sure to take appropriate precautions. I got sunburnt beyond recognition the first day. So much so that I wore long sleeves and jeans the next day despite humid 90 degree heat just to not risk getting further burnt.
Zero regrets though. Would do it again in a heartbeat. I highly recommend it if you are interested in going.
Unless you're in a cosplay that prohibits it (the cost of fashion, alas), I'd advise looking into high-SPF arm-stockings. I don't know the exact word for them, but they're really breathable fabric you can put on your arms like open socks (so your hands are free) that stop you from getting burned, even if they get wet/sweaty/out for a long time.
Never considered that. Thanks, I'll definitely keep it in mind if I end up there again.
Why aren’t they trying crypto at all? It’s a perfect use case.
Not sure about japan.. but crypto in usa is taxed 17% to 24% the moment you convert it to fiat currency. Unless you can do all purchases with crypto from buying porn to buying chicken nuggets.. you will lose 1/5th of your money via taxes. And not everyone wants to have crypto where its so volatile. Imagine you barely get enough crypto to pay this months rent, but then some hedge fund mass sells. All of a sudden you dont have enough to pay rent.
For the sake of the argument assuming US because I know about, you're right crypto is an absolute clusterfuck. The taxes is only on gains though. You don't just lose 1/5th of your money immediately.
Example, if I were to send you one Bitcoin today, you sell it and convert to dollars today. The only taxes you would owe would be on the difference between the value of the coin when you received it and the value of the coin when you sold it. For a quick transaction like that it's unlikely to be much. It might even be a loss, in which case you get reverse treatment on taxes. So you get a bitcoin from me worth $60k, you sell it for $60.1k, you pay 24% tax on the additional $100, for a tax of $24. Technically yes, you'd owe taxes on getting $60k worth of Bitcoin from me, but you'd always owe those taxes no matter what I used to give you that $60k.
Most of the pain with respect to the US at least is documentation. It's a huge fucking pain in the ass to track and document all of this for tax purposes, particularly so if you're buying and spending small amounts of crypto. Technically if I spend $10 of crypto on the internet, that's a taxable sale, so I have to have a line item on my tax form for that $10 sale, and account for when I acquired it and for how much. Do that 100x and it gets out of hand very quickly. That's part of the reason I went away from using it to pay for things, the much larger reason being so many more normal places quit accepting it.
You're right it's too volatile for someone to be playing around with for rent money. Anyone who has to think about scraping together rent money probably needs to focus their energy on something else entirely. I actually see the value of crypto as a transactional engine, if it can ever get to that. There's tons of hurdles of course. I don't really like it as a "currency" because of the volatility.
I remember doing day trades.. had like 1200 trades to deal with and calculate for the year lol. Luckily.. there was a simple api that sent the transaction record of what i did to a tax prep. Otherwise id have to calculate all that shit myself.
These days.. i only make 10 to 15 trades a year. Yea. The government will tax us or make it super inconvenient and confusing to file taxes. Since most platforms will snitch on you, you cant hide it either. Im probably gonna stop trading and sell everything after 2024 election. Trump loses. Market falls due to loss confidence and other shenanigans. Trump wins. Market falls since feds/globohomo will sabotage.
Yeah, I'm having to screw with it right now because a now defunct company reported a bunch of shit to the IRS as having zero basis. Pain in the ass. I've made a point of not hiding from the tax man prior to that too.
I can't decide on crypto investing for the future. I don't currently have much at all, but if I do continue going forward then it's going to be very limited trades for buy-and-hold investment sake.
If it was easy enough, I'd love to use it for paying for things, the documentation will kill you though. I would for something that's been de-banked though. I don't even know what this content in question is other than something anime/manga related. I'm glad they gave the finger to the banks though.
Its porn related. Hence why they drop visa and mastercard. Most of the hentai is non con or there are fetishes that credit card companies dont like..
Because the primary feature of crypto is that it has no central authority and is non-reversible. This makes it ideal for scams and unsuitable for basically anything else.
It also doesn't scale and takes too long to process and is too expensive. "Oh and what about the lightning whizz bang white paper network exchange?" that shit either A: doesn't work, or B: is just a bank with extra steps.
Then there's the state of computers, where at least 10% of computers have some kind of malware on them and it wouldn't surprise me if it was 50% or even 90% if we start including stealth back doors from state actors. This means that you just can't safely store your stash of digital gold on a computer. The current computers we have just can't do this safely.
Oh what about hardware wallets and paper backups, etc? Then the danger is that your device will break or get lost or you'll screw up in some other way and lock yourself out of your own funds.
Currency exchange is a social issue. You cannot solve it with technology. Attempting to do so will likely make it worse.
The what?
Every time you point out the problems with crypto, some bro will tell you that there is a band aid layer that goes on top that solves everything, such as the lightning network or trading on a particular exchange or some DAO on the ethereum network or some theoretical white paper that hasn't been implemented yet. It's different bullshit every time, and none of it works because the problems are systemic.
Gotcha.
What you don’t like 4% swipe fees either?