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[ZDNet] The Future Of... Credit Cards [video] - Page 3

post #21 of 60
Quote:
Originally Posted by Stealth Pyros View Post
Oh ok good then, scratch what I said. If you have a credit score of about 700 or more you're set.
Yeah I just find it disturbing that I'm literally the only person I know that doesn't have credit card debt. My girlfriend has just about paid hers off and is planning on dropping it as soon as it is paid off. All I hear is horror stories.

It would be too easy to buy Tri-SLI GTX 580's if I had a credit card...
    
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post #22 of 60
Awesome. Let's make it easier for people to swipe that credit card and spend money they don't have! So they can go into debt! And eventually get on welfare! Then the rest of us can pay for them!


These credit card companies are $$$ geniuses. Watch how much more money they make when these plans come to fruition.
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post #23 of 60
Quote:
Originally Posted by SIMPSONATOR View Post
Awesome. Let's make it easier for people to swipe that credit card and spend money they don't have! So they can go into debt! And eventually get on welfare! Then the rest of us can pay for them!


These credit card companies are $$$ geniuses. Watch how much more money they make when these plans come to fruition.
You do bring up a good point. People do have problems when it comes to swiping as they just swipe and forget. It happens to me sometimes when I go out. I mean I can pay everything off but I see the bill and kick myself a bit.

For people without self control this only makes it worse.
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post #24 of 60
cool... but what happens if you leave it you car during the summer time?
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post #25 of 60
Japan yawns when they see tech like this and the iPhone.
Shhhhh!
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post #26 of 60
Good now we can even get more people in more debt than before!
post #27 of 60
Great america now we can put more people into debt?
So many people have credit card debt that its just sad,
and with this more...
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post #28 of 60
Quote:
Originally Posted by Jzkillzone23 View Post
Great america now we can put more people into debt?
So many people have credit card debt that its just sad,
and with this more...
It won't. Our money system uses interest which is an exponential thing but it's tied to regular linear accounting so we don't see how very exponential it is. Interest needs an internal and external component to work. In otherwords to pay back the interest you have to have some form of self/other relationship where you can pull something from outside and bring it in. When the goldsmiths first started loaning out gold at interest in the 1600's it worked perfectly they pulled in more gold from outside sources. But when they got so big and wealthy that they finally started covering most of the participants in the system there was not enough outside to feed the inside. And it crashed because they eventually ended up with 10 paper reciepts for every ounce of gold.

There are credit card companies right now that are charging 30 percent and 70 percent which means the amount owed doubles every 2.33 years or every year. The system we have now has run and it has created what it creates. Banks that are more and more leveraged and weaker and weaker and mythical linear accounts that say a whole bunch is owed with no pathway to ever repay it. So you end up with all these meaningless nonexistant monies that just hang around computers and play rich like farmville bucks.

I love computers because it's simply steeped in exponentials. From moore's law to the very basic doubling. And it's good to give you a perception of how the exponential things match up with linear things.

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post #29 of 60
Thread Starter 
Quote:
Originally Posted by Zeva View Post
to the person who posted the bunch of photos up there.. Isnt inflation sign of a healthy economy? When the economy is growing, there tends to be inflation because people have more money and are willing to spend it on things.
You need a financial education, definitely...
Edited by _GTech - 2/12/11 at 8:29pm
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post #30 of 60
I have an app on my HTC HD2 that will take a picture of a barcode on the back of a CC or debit card, and when you check out, you can bring up the image of that barcode, and have the cashier swipe your phone over those tag reader things. it'll get the card info from that, and you'll be able to check out.

That having been said, I havent tried it, and not all cards have those barcodes.
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