Pay Matters

personal ideas, interests, and musings on topics of interest.

Mar 2

Why I like paper currency.

Compared with on-line payment systems, transacting in paper currency is beautiful.

Think of it, when I hand you a dollar you actually have a dollar. If I offer you one dollar and you accept it, it’s likely you trust the little green bills (isn’t it great they are “green” too?) or you might not accept it.

When I hand you a dollar, it costs us nothing—its free.  I like truely free things. Compare that with on-line payments.  Is there an on-line payment system out there that is really free?

I also like the fact that a dollar is unique. Yes, it’s unique. Unlike coins, the paper stuff is serialized.  Is it true then that there is only one one with the serial number F00615126G?  We’ll I think that’s the idea; but, may be there is two ones, F00615126G, if so, is one a fake?

Is it fair to say that a dollar is indivisible (the word ‘indivisible’ takes me to the statement: “indivisible, with liberty and justice for all”).  It feels like a dollar can be converted and combined but not divided. Sure, it can be converted into four quarters or 10 dimes; but, in a real sense, is that divisible? It can also be combined with other paper currency but that doesn’t seem divisible either.

So, leave a comment and let me know why you prefer paper over all the other choices in payments.


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