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RE: Why Cryptocurrency is important to me
Exactly! Some people even go so far as to say "Bitcoin is not meant for the first world, it's meant for everyone else". Though technically true - if you squint your eyes super hard at that statement, I believe that, as you said, Bitcoin "merely" leveled the playing field.
As an anecdote, I ever got into a "twitter debate" against and nocoiner and she nonchalantly said "Platinum card doesn't charge fees at all" as an argument against Bitcoin. That means she completely misses the point.
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lol. it is a nice view from the ivory tower. I have had platinum cards; and they don't come for free. Often 300$ US annual fee. You only get them for free if you have other loans which they are making sufficient money off you.
Exactly. And the idea of Platinum card user only works for people who are relatively rich to the rest of the population.
By the way I didn't know it'll cost so much in hidden charges.. $300 is 2 months of my rent.
Yes they charge a lot and then they give you rewards back (perhaps 2-3% of what you spend). So if you spend 10-20K on the credit card you get your fee back; and then the more you spend after that the more cash back or rewards points you get . But you have to spend a lot and it encourages spending rather than saving as people think they will get more rewards if they spend more.