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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
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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
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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.
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Divnoláska
@Gloster80256
Replying to
@Aella_Girl
Well... yes... but then also: "We've realized this is a dream tool for criminal organizations, money launderers and terrorist financing. And when economic networks collapse, it tends to propagate elsewhere. So we *have to* watch it."
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Aella
@Aella_Girl
Replying to
@Gloster80256
Probably the criminal organizations and money launderers are mostly doing things that *shouldn't be illegal in the first place.* The only real things to watch out for are stuff in the terrorist category.
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Forth
@forthrighter
Replying to
@Aella_Girl
I just can't understand why allowing widespread use of it would ever make sense from the government's perspective and so heavy restrictions (for your own safety) feels like a pretty realistic bet The thing is fundamentally decentralized; government is fundamentally centralized
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Thought
@Thought1
Replying to
@Aella_Girl
More accurately, this is the land of "the lobbyists said to do this, and they pay me well, so I'm going to do what <insert large multi-national industry conglomerates here, such as banks> wants."
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