Privacy

4632 readers

623 users here now

Icon base by Lorc under CC BY 3.0 with modifications to add a gradient

founded 3 years ago

MODERATORS

Ategon@programming.dev

danielintempesta@programming.dev

149

Visa Could Ruin the Internet (youtu.be)

submitted 1 week ago by ratrace@lemmy.zip to c/privacy@programming.dev

71 comments fedilink hide all child comments

What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?

you are viewing a single comment's thread
view the rest of the comments

[–] hirihit640@sh.itjust.works 1 points 6 days ago (1 children)

I'm not convinced that a triopoly (not sure what it's called) is significantly different from a duopoly.

My own views are that we need a balance of control and chaos. Both extremes have substantual downsides.

My main view is that a centralized system can be built on top of a decentralized one, but not the other way around. And by the way, if crypto and traditional banking co-existed, with broad support for both, that would be a decentralized system, and I'm fine with that. As long as people can easily convert their fiat to crypto and interact with the same sellers in order to bypass censorship.

[–] Jiral@lemmy.org 1 points 5 days ago (1 children)

More competition is better than less. It is that simple. Your argument is just either nihilistic or an excuse to support a duopoly.

[–] hirihit640@sh.itjust.works 1 points 5 days ago

Well crypto is fully decentralized, with every node acting independently, so it really is the most competitive environment you can imagine, if that's what you're looking for