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Non-Tech : Kirk's Market Thoughts
COHR 152.26+9.1%11:47 AM EST

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To: Kirk © who wrote (12527)12/16/2021 11:30:55 AM
From: w0z  Read Replies (1) of 26599
 
I'm not sure why I need blockchain in any of these processes unless it can cut another percent or two out of the fees we pay for credit cards and their security.


Credit cards will undergo major changes (lower/no fees and better security but also time for international transactions), but so will many purchasing processes. The last time I bought a new vehicle (Ford F150) in 2000, I knew exactly what I wanted (down to specific options like the transaxle ratio) and did not want the hassle and wasted time to bargain with salesmen. I used AAA's purchasing service to secure the best price, custom ordered exactly what I wanted, and the vehicle was delivered to my home.

I've also sold ('93 BMW M5 for $50k) and purchased ('91 BMW M5 for $21k) on Bring A Trailer's auction website. I never saw the one I bought in person and the guy who bought mine never saw it. Vintage vehicles are bought and sold daily, mostly sight unseen, although some do make in-person inspections (either themselves or via a 3rd party local to the seller).

There will always be local markets for items like fresh food or heavy items that are expensive to custom ship. But from your list I believe coffee makers, socks, and coffee beans are more efficiently purchased from Amazon.

My wife has a debilitating condition that requires me to do our shopping. I always look over her list and if I see oddball items, I tell her to order them on Amazon. It's much easier to search there, the selection is wider, cost is usually less, and 1-day delivery is free for Prime items.
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