Oddbean

Give me 10,000 sats! And use Fold because you should be anyway. But legit, in the last 2 years it cost me only $10 per month for premium and I’ve got over $7K in rewards. And I can also buy bitcoin without any fees and a tiny spread inside the app directly from my debit card. I don’t know why more people who could use Fold, don’t, yet have a traditional bank account. I get on my sister in law about this all the time. She has Fold and just hardly takes advantage of it. https://use.foldapp.com/r/GUYSWANN

Buggy? I don’t have any bugs. I think over the years sometimes it gets hung up on a screen and I have to reboot it or something, but that’s literally all I can think of with a few years of using it. What kind of things have you noticed?

When things go wrong you get a generic, "This cont be done now". I'm paraphrasing. Two days ago I tried to help a friend who wanted to use her Bitcoin. She wanted to push some to get Fold card. The generic message came up and the support action to correct this is convoluted. No reason why it didn't work. No way to contact support easily about this. This is especially difficult for people who are used to having a phone number to call when you need to solve problems. The whole app approach sucks not just for Fold but all the Bitcoin apps. And for that matter apps in general. For younger people it's normal but for older people it's degenerate. Communication is just fast puffs of nonsense. Fortunately here in NOSTR land the communication is getting higher quality. I think the real issue is that introducing Bitcoin to people who have invested their lives in the Fiat economy are so used to analog communication as well and are now ultimately distracted to the point where studying a subject is less rewarding than quick bits.

Here's a story: In the early 2000s I had a friend who was a very good technical computer person. We would talk and I would tell him all my crazy adventures with technology and he would humor me, roll his eyes or just belittle me for being so dumb. One time he came from Switzerland and he was in my town hanging out and he wanted to test a new game. My video card was no good for the game so he said, "I'll buy you a new one. I really want to play this game." We went to a computer store and got the card, installed it and the driver needed some software from my Windows 98 distribution. I took out my cdrom and put it in my cdrom drive. It spun it up and it exploded! Literally the disc disintegrated into thousands of pieces. My friend looked at me and said, "Now I'm starting to believe some of the things you've told me." As it turns out the new cdroms that spun up so fast created heat and cooling and degraded the media over time. I frequently installed and uninstalled Windows or Linux in my transition period. So maybe, technology doesn't work for me sometimes because I'm too focused on making it work. When I don't care, things tend to work better. Totally off subject but that's how I think sometimes.

I treat it as such, yeah. I just keep enough in fiat to pay my bills for the month. Everything else I convert to BTC on the Fold app. It’s pretty user-friendly and it feels good to exit the legacy fiat banking system. Highly recommend.

I'm using #Fold for lots of things but still can't make a mortgage or car or credit card payment, etc. I used to be able to do it using Paypal and Fold together but Paypal eliminated the loophole. Have you figured out how to pay banks with Fold?

They've always just done the app as far as I know. Back when they only sold Starbucks gift cards they had a website up, but it didn't last very long. I don't really find it out of the ordinary personally.

I'm just glad that we can finally talk about Fold without the 'real bitcoiners' making fun of us! Been using fold for two years now, but still have my costco citi card. I get whatever % back from them in cash at the end of the year, and pay the citi bill each month (in full) via the fold card, and get another .5% on that. I do all my amazon purchases via gift card now as well, which those you get 2.25% on from Fold. Other bills get paid via fold as well at .5% . Not as lucrative as it was 2 years ago, but it's still free money. Actually, way better than money.

I’ve literally never understood the hate for Fold, tbh. Especially from people that I’m 99% certain have a normal ass bank account and debit and credit card. How can one not simply see it as a huge step in the right direction? 🤷🏻‍♂️

Too much work in NYS. Having to buy gift cards, pay for membership, pay to put money on the card unless you completely endorse and full engage in their business. I don’t even break even regarding what I pay 💰 then add the time required to use their services if not completely immersed in their system. Even then I’d make minimal Sats, on months I went on vacation or did something in addition to normal monthly spending. Better off using a service that I can actually buy Sats (in NYS) with all the fees save all the time in the long run probably stack more sats and not be totally roped in? Maybe it’s better in states you can buy Sats? Gift Cards as a savings mechanism isn’t a way to save me money 💰 it’s another tax on my time and long term savings. I’m out. There was a time with FOLD where you could actually earn additional Sats for being in their system, that time has been slow deteriorating into just barely braking even if jumping through all sorts of hoops.