Can Bitcoin Save the Post Office?

Wow I guess the post office is really grasping at straws to try and save themselves.

The post office just needs to get back to doing what it was designed to do: deliver mail. Period.
Each year, due to technologies, there is less actual mail, yet they continue expanding their infrastructure to accommodate the junk mail industry. They often claim that the junk mail industry is paying the bills. They could probably lay off 20-40% of employees, ground dozens of aircraft, and quit purchasing millions worth of sorting equipment if they just quit being the bitches for those people who find junk mail their cheapest form of advertising.

It makes sense that a government contolled agency is only kept afloat by a concept as useless as junk mail! Talk about a hugely inefficient system.

No I don't think Bitcoin will save the USPS. I don't even understand how it would. USPS has been encroaching into other areas of business, besides actually delivering mail. Apparently high finance is their next foray.

The real question is should they be saved?
Do you really think the Fed will let an 'independent' government agency take something besides their debt notes?

What baffles me is the two and three cent raises. Just raise it a dime, to at least cover your expenses.
Ah, government and their infinite wisdom.

Years ago, a Congressman quipped "At least they are keeping ahead of inflation: when stamps were 9 cents, it took 2 days to deliver a letter. Now that it's 18 cents, it takes 4 days - same cost per day!"

I bet if we just wait and see, the tax payers will end up footing the bill for a USPS bailout. America won't let sloppy car companies and financial losers fall by the wayside when they go broke so I really doubt they will let their postal service go. Just give the tab to the working people they won't mind!

I feel the need to point out that a handful of years ago congress mandated that the Postal Service fully fund their retiree health care for 75 years. I'd be searching for new ways to find revenue, too.

Until the last few years, I've always had good results using the post office.

Anything more I have to say on the topic goes in Cider Press, and I'm not allowed to post there (woe is me ).

http://business.time.com/2013/02/07/how-healthcare-expenses-cost-us-saturday-postal-delivery/

I think that the job that delivering mail could be done more efficiently and better by a private company! Defund the Post Office.

Sam Barber wrote:I think that the job that delivering mail could be done more efficiently and better by a private company! Defund the Post Office.

Done. Post Office runs solely off its own revenues, while being hamstrung by congress.