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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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FXKLM
@FXKML
Replying to
@Aella_Girl
I'm all for reducing regulations on payment processors, but there is no compelling reason to regulate crypto payments less than others. And when crypto is subject to the same regulations as everyone else, there is rarely a compelling argument for using crypto.
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Aella
@Aella_Girl
Replying to
@FXKML
The most appealing thing to me about crypto is that it has a chance of thriving without being regulated, like it might possibly be unregulatable and that is one of the best possible outcomes I could hope for.
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RAS
@r_spatola
Replying to
@Aella_Girl
and
@FXKML
The core of blockchain technology and smart contracts is that they don't require regulation. They're elegantly designed, decentralized trust mechanisms. It's the attempt at regulation and centralization that threatens their true utility, and makes them vulnerable.
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