The people at Ingenico who decided you can’t insert your chip-card until the green light goes on will be the first against the wall when the revolution comes.
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“Oh sorry we have to restart this entire transaction because you inserted your card before the green light went on” they say, as you look at the 18 people in line behind you and wonder why any working free market would spend more than five minutes tolerating this crap.
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Replying to @matthew_d_green
Are you just trying to give the coinbros stuff to quote? :-)
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Replying to @RichFelker
The payment card people are infinitely worse than the coin people. The payment industry is a festering wound on the fact of society. The coin people are like a wart.
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Replying to @matthew_d_green
I'm not convinced. For the most part, as both consumers and merchants, we could all just keep paying visa/mc 2%, dealing with minor inconvenience, and nothing awful could happen.
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Replying to @RichFelker @matthew_d_green
OTOH the coin people want to burn every bond of chemical energy on the planet, revert the past century of protection against fraud and bank failures, and make real the mantra "money==speech" so that the only way to block funding of bad shit is to block speech.
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Replying to @RichFelker @matthew_d_green
The stuff they're doing is a threat to destroy the environment & destroy any capability of regulation to slow down or stop Really Bad Shit without extreme levels of totalitarian surveillance state to enforce.
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Replying to @RichFelker
PoW will have to die but that’s not the end of the world. The point is that there’s a spectrum between “payment anarchy” and “give two major payment cartels unfettered control of this incredibly important societal function”.
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Replying to @matthew_d_green
Death of PoW only solves the environmental crisis part. It doesn't solve the "now there's no way to freeze ${evil_dictator}'s funds after ICC convicts in absentia".
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The latter is the whole purpose of cryptocurrencies for the True Believers: the dream that, no matter how evil you've been, no authority can ever part you from your money.
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