this post was submitted on 16 May 2024
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78
Is This the End of Plastic? Visa's New Technology Could Replace Physical Cards (www.cnet.com)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 3 points 5 months ago

Cnet? Yeah, no.

The whole premise of how I use virtual cards is to separate - and block, as needed - charges from a given source.

If I use a physical card, it’s because I’m physically in a store and want to choose who charges my card, and when.

This is a step towards making it easier for random things to charge cards unexpectedly, and towards making it harder to dispute charges.

“You were there, per the thumb|face print. Therefore, you must have authorised it.”

That’s a sea change in how questionable charges/questionable disclaimers are handled.

Nope. I absolutely demand that protection, and if I lose it I’m taking my cash out of your bank ASAP and using that, suffering with change be damned.

[–] [email protected] 14 points 5 months ago

Am I missing something or is this the most vaguely written description? I don't get it. Something biometric is all I got out of it

[–] [email protected] 23 points 5 months ago (1 children)

If a title asks a question, the answer is always "no". No?

[–] [email protected] 2 points 5 months ago

Betteridge’s Law.

Generally proves deeply true.

[–] [email protected] 64 points 5 months ago (1 children)

Is there an AI technology that would help me not roll my eyes every time I hear AI? Can’t wait to add this to the garbage pile of popped bubbles next to NFT, blockchain and metaverse.

And I’m saying that as somebody who uses LLMs for work regularly, it is a useful tool, but the absolute delusional bullshit hype that imagines uses beyond its capabilities is exhausting.

[–] [email protected] 16 points 5 months ago (2 children)

LLM is amazing tech, but holy fuck I can't wait to get out of this bubble. Some of these applications sound like when they put radium in butter in the 50's, because atomic energy was so hype.

[–] [email protected] 2 points 5 months ago

Pretty much this. It's the radium craze, or the ozone craze, or a whole bunch of other fads - everything has to have AI/LLMs integrated in some way or it's not "interesting" to shareholders.

[–] [email protected] 1 points 5 months ago

Eh, somehow I missed that. Off to DDG for me, because I’m genuinely curious.

[–] [email protected] 26 points 5 months ago (5 children)

Wow we really are marching right to towards a centralised digital currency with no privacy and no actually ownership.

Remember back in the day when owning stock meant u owned the actually stocks. Well now u own the right to the stocks but if the platform ur trading on goes under welp out of luck guess u don't actually own them.

You will own nothing and be happy.

[–] [email protected] 1 points 5 months ago

This

Fuck credit cards, long life to cash!

[–] [email protected] 1 points 5 months ago (1 children)

This only applies to discount brokers, all of which are licensed, regulated brokers.

You do, in fact, “own” the stocks you buy.

The internal plumbing of securities clearing, settlement, and registration is not a concern to retail investors.

Stop buying into juvenile conspiracies.

And if for some reason you are still not satisfied, you can always opt for a "full service" broker or ask to register the shares in your name, both of which are much more expensive.

Do I own my shares? – Trading 212 - https://helpcentre.trading212.com/hc/en-us/articles/360008702918-Do-I-own-my-shares

[–] [email protected] 1 points 5 months ago

Vast majority of those who are vocal about “ownership” are from that reddit cult. They’ll drag you down to their level with nonsense and stupidity, trying to convince you that GameStop will make them multi-billionaires. Be careful and don’t waste too much of your time on them.

[–] [email protected] 14 points 5 months ago* (last edited 5 months ago) (1 children)

What? That's not true. That's what SIPC is for. Just like if a bank goes under and it's FDIC insured, then you're fine.

https://robinhood.com/us/en/support/articles/how-youre-protected/

[–] [email protected] 2 points 5 months ago

Well now u own the right to the stocks

Isn't that called an option in the derivatives market? You can still own stock.

[–] [email protected] 28 points 5 months ago* (last edited 5 months ago) (1 children)

Apple Pay/Google Pay already exists though?? What's new?

The last credit card I got, it took me like a month or two to bother unpacking the physical card since right after signup I could already add the virtual card to Apple Pay through the bank app and I just used that.

[–] [email protected] 18 points 5 months ago (1 children)

They’ll try to pull out of Apple Pay/Google Pay. At least that’s what Walmart did / is doing for the longest time in favor of their CurrenC or whatever thing in the US.

[–] [email protected] 1 points 5 months ago (1 children)

Honestly I hope they do because I refuse to use google pay and I can't use apple pay

[–] [email protected] 1 points 5 months ago (1 children)

At the end of the day, that’s just trading one spying conglomerate for another.

[–] [email protected] 1 points 5 months ago

I know, that's why I don't use either

[–] [email protected] 14 points 5 months ago

lol for fucks sake this is so deeply stupid

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