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Joined 3 years ago
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Cake day: August 27th, 2023

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  • I disagree. For a very large volume of very small transactions the time it takes to process 1 digital payment is a fraction of the time it takes to process 1 cash payment (and giving back change). For very small transactions in digital payment there’s no entering PIN, no confirming, no thinking and change giving, no opening cash registry or even putting it in a pocket or pouch, it’s incredibly fast nowadays. I don’t even have to put my card in the machine, just hold it in front of it, seller doesn’t have to count or give back, it saves enormous amounts of time.






  • The part everyone ignores is that the cash also has a price for the stores or anyone with a lot of money. They have to spend a lot more time, effort and money on security for their cash. After a while putting it under your mattress just doesn’t work anymore. And it costs you 1 - 2 % per received payment, but you also “save” 1 - 2% by having your money on an account where you get intrest on it while your under the mattress stash just becomes worth less and less purchasing power a lot faster… It’s a slight win for banks (waaaay less employees and offices), but the entire gain of electronic payment is definitely not benefiting only the banks, that’s oversimplifing things a lot.





  • the issue is that this would only replace oil for electricity generation. They also need fuel for driving around cars and goods etc. To replace that too you don’t just need a lot more solar panels, converters etc but also a whole lot of very expensive electric cars and trucks. At very least a lot of electric (cargo) bicycles. Anyway, the amount of $$ needed to replace oil and not feel the blockade is probably a lot higher than $8bn.

    I agree with the core of the article tho: wealthy developed countries paying poor countries peanuts amounts of money (in the big scheme of things) to transition almost fully to renewables is a no-brainer quick-win in a save the planet logic. Unfortunately most politicians and their electorate are very stuck in a geopolitical ‘my country yeah!!!’ logic and can’t grasp the idea that gifting a few billions worth of solar panels to a dirt poor nation actually benefits everyone in the world.

    If the blockade ends, China steps in and sells them a big fat Belt and Road loan + a load of solarpanels, windturbines, EVs instantly. But they won’t step in as long as it’s a ‘hot’ situation. It’s a shame. You could even reason that it would be, long term, probably a lot more worth while for USA-taxpayers to fund solar on Cuba instead of funding the military ships, ammunition and sailors to blockade the countries’ ports. Just die already mr Trump, what’s taking you so long?