Conversation

Aella
@Aella_Girl
I'd love a future where crypto payments are used for most things, and we no longer have to deal with credit card processing fees or financial institutions having deplatforming power. But crypto as a replacement will probably end up being illegal, because we live in crazytown
Quote Tweet
Telegraph Money
@MoneyTelegraph
💳Amazon customers will be blocked from using Visa cards in the UK. ❌The dispute relates to transaction fees charged by the credit card brand Thread 👇 telegraph.co.uk/personal-banki
Show this thread
Image
24
97
Aella
@Aella_Girl
If not explicitly illegal, it'll probably be hampered by a thousand tiny 'we mean well' cuts that end up making the use of crypto only viable for centralized organizations, like taxing it heavily or placing unreasonable bureaucratic burdens on its use.
1
Retweet
54
Likes
Aella
@Aella_Girl
Replying to
@Aella_Girl
This isn't the land of the free, this is the land of "we're restricting voluntary, nonharmful behavior between consenting adults because we've decided with our 122 IQ wisdom that it must be good for everyone else"
8
83
Egor Egorov
@egorFiNE
Replying to
@Aella_Girl
no need to look further than current KYC/AML braindamage. Just require a little compliance and crypto gets unusable. Exhibit 1: KYC requirements for Coinbase:
Image
Show additional replies, including those that may contain offensive content
Show