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100 sats \ 1 reply \ @Undisciplined 13 Apr \ parent \ on: Prepaid card ponzi scheme results in bank run at Chinese Supermarket econ
No, stores can absolutely keep offering in-store credit in quantities that they can't actually redeem and people will behave as though those are "as good as real bitcoin", until they get rugged.
Oh -- now I understand.
Also, these are kind of like a trap. For the convenience in being able to shop with a prepaid balance (like I might enjoy when using my Starbucks app), I might think keeping a smaller balance, something like $25, lessens my risk of a loss to being rugged. No -- the impact of being rugged isn't less, it's just that my exposure is smaller.
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