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<p>[QUOTE="CygnusCC, post: 26230371, member: 120299"]Sorry for the late jump in but I agree with this approach whole-heartedly. As long as someone can pay off the card in cash (i.e. never purchase anything unless the cash is available to pay for it at the time) then the rewards are great. I even have two separate cards that I use, one gives me 6% back on grocery purchases and one gives me 2% back on everything else. I even have the 2% back card automatically deposit the cashback into my Roth IRA for me. Every little bit helps. They even have a term for people like us - we're 'freeloaders'. I personally like to think of it as 'frugal shoppers'. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>In terms of everyone's concern about disliking Crypto, that in my opinion is neither here nor there. Everybody has their risk level that they like, and crypto is certainly up there in risk level. However, I'd like to make a point of separating that part out as the 'currency' part of Cryptocurrency and note that (if Texas does follow this path) then the blockchain part of the crypto here would simply be a 'ledger sheet' that ties directly back to real gold that they would hold (and which I would hope would be redeemable). So it's not digital fluff. Just like silver backed dollars were in the past, this would be gold backed crypto. No Ponzi scheme there - you're not being paid any interest with the money that others are investing - it's simply tracking how much gold that you've purchased that is sitting in the vault.</p><p><br /></p><p>Now... the fact that it tracks what you do with your gold is a whole nother 1984 ballgame. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>my gold 2 bits.[/QUOTE]</p><p><br /></p>
[QUOTE="CygnusCC, post: 26230371, member: 120299"]Sorry for the late jump in but I agree with this approach whole-heartedly. As long as someone can pay off the card in cash (i.e. never purchase anything unless the cash is available to pay for it at the time) then the rewards are great. I even have two separate cards that I use, one gives me 6% back on grocery purchases and one gives me 2% back on everything else. I even have the 2% back card automatically deposit the cashback into my Roth IRA for me. Every little bit helps. They even have a term for people like us - we're 'freeloaders'. I personally like to think of it as 'frugal shoppers'. ;) In terms of everyone's concern about disliking Crypto, that in my opinion is neither here nor there. Everybody has their risk level that they like, and crypto is certainly up there in risk level. However, I'd like to make a point of separating that part out as the 'currency' part of Cryptocurrency and note that (if Texas does follow this path) then the blockchain part of the crypto here would simply be a 'ledger sheet' that ties directly back to real gold that they would hold (and which I would hope would be redeemable). So it's not digital fluff. Just like silver backed dollars were in the past, this would be gold backed crypto. No Ponzi scheme there - you're not being paid any interest with the money that others are investing - it's simply tracking how much gold that you've purchased that is sitting in the vault. Now... the fact that it tracks what you do with your gold is a whole nother 1984 ballgame. ;) my gold 2 bits.[/QUOTE]
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