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We have antitrust laws to break up monopolies. Why should the gov be the exception? We're getting a raw deal: stagnant products, price gouging, customer service agents literally beat you up for complaining. We need competition. We need accountability. We need options.

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Jesse Powell

@jespow

For the people who like how the gov is doing with the DMV, schools, police: why have you not demanded a public bank for the ~25% of US households that are under/unbanked? This seems like a massive fail. How do you live without a bank account? #Bitcoin

cnbc.com

25% of US households are either unbanked or underbanked

Twenty-five percent of U.S. households are unbanked or underbanked, according to a 2017 survey by the FDIC. Those are people who either don't have a bank account, or have an account, but still use...

3:20 AM · Jun 7, 2020Twitter Web App

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Why do people need bank accounts?

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Amon (Bitcoin & Crypto Education)

@AmonUnlimited

Jun 7, 2020

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@jespow

This is a good idea to bank the unbanked. These people are mostly minorities, do you have a plan that would make it easy for them to onboard? Crypto is a very unforgiving and confusing place when you first enter the space.

Jesse Powell

@jespow

Jun 7, 2020

Maybe everyone who gets a social security number, becomes a citizen should receive a government bank account at that time. Even if you don't regularly use it, at a minimum, it is a way to distribute stimulus grants to the nation without sending paper checks in the mail.

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GrossBit, the Golden Blob

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# Tether

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Especially for a first world super power, it’s pretty sad really.

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