l23k4

> Why would I create myself a chore for an end of a month

Do they not have direct debit where you live?

>If it is auto-charge by the end of month, why not charge it right away?

Because there's no way I'm going to keep anywhere close to that much money on my debit card? Because the credit card won't get randomly locked while I'm trying to pay a 40k euro hotel room bill in Asia? Or if it does, I can switch to another credit card or deal with reasonable customer service.

If you're only making small payments, of course it doesn't matter. If you're regularly spending significant amounts of money, doing so with a debit card will be a huge pain in the ass and an unnecessary risk.

> Some Europeans meaning people in Germany?

I guess, I haven't really kept track, but I've observed this many times from different people.

> credit cards are generally associated with companies like Revolut

That's surprising. Revolut only offers credit cards in a couple of countries, and has only done so for a rather short period of time.

Some Europeans refer to girocards as "debit cards" and everything else incorrectly as "credit cards"

It is a prevalent view among the lower socioeconomic classes.

Most people in the EU use debit cards, they additionally use direct debit specifically for utilities, gym memberships, etc.

>Is that a tongue in cheek reference to my inadvertently weird capitalization of wildcat as WildCat — no idea why I did that, maybe a throwback to my ThunderCats fandom of my youth.

No, but that's hilarious. Good catch!

I don't think "wildcat banking" would be known as that if the banks hadn't been poorly capitalized (as in, they didn't have the money). If the banks had actually worked out, we'd just be calling it "banking".

Today, stablecoins have a hilariously simple way to print money: just buy treasuries, money market funds, or whatever. We're not necessarily going to see them collapsing due to poor capitalization.

I suggest you go outside sometimes, you'll see that the real world looks rather different than whatever crypto-obsessed bubble you live in.

I really don't think I need to explain the obvious difference between physical US dollar notes and USDT.

I'll point out that in most of the world a $100 note is only worth $100 if it's in basically mint condition, the value falls rapidly as condition degrades.

I'd argue that the poor capitalization was a core part of wildcat banking, that's not really the case here.

When you go outside of the nice countries, local money becomes worthless. Nobody wants it, they'd much rather have dollars instead.

Stablecoins for the first time offer a reasonable way for the global poor to store value in dollars, or in the form of any relatively stable currency.

Obviously this comes with all kinds of issues, but it's still better than the original situation where "savings" simply didn't exist except in the form of physical dollars or gold bought at a significant premium.

>Anyway, unless you actually have stabbed someone before you don't know whether you got what it takes until you're actually in a situation where you find out.

A guy tried to rob me, I fractured his skull with my iphone before I even realized what was going on. You don't just freeze when someone suddenly attacks you, you'll try to swing at them with whatever you have at hand.

At home? I might just have been cooking, or carving a sunday roast. Who knows? But if someone suddenly smashed through my door, I'm pretty sure that whatever object happens to be in my hand would be heading towards the intruder long before I've had time to think about what's going on.