this is PC culture overreaching via the global KYC/AML (Know Your Customer/Anti-Money Laundering) banking/regulatory framework codified (at least partially) in the Patriot Act. FinCen > Visa/MC > Big Banks > Payment Processors > Patreon/PayPal/Stripe > Merchants (creators)
Further down the rabbit hole. Why are MC/Visa/PayPal/Patreon transforming themselves into censors? They have decided to fight "hate speech." But, the crucial question--the Achilles heel--remains: who defines hate? Answer: those to whom you would least want to grant such power.https://twitter.com/LeahMcSweeney/status/1079403463400976390 …
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each need to play nice or risk being kneecapped - a potentially fatal scenario - from above. This naturally leads banks(BofA), processors(Chase) & aggregators (PayPal et al) to apply “better safe than sorry” reasoning as to these type of decisions.
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If you’re Patreon, which is a greater risk: pissing off a few creators over questionable speech or losing the ability to process Visa transactions? Yes, one is a PR nightmare, but the other is a fatal blow to their biz. FinCen is the key. We’re all just players in their game.
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Separation of money and state... same as religion. The Bitcoin standard!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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It's starting to look like the payment providers are so few and centralised that their power might subvert everything else. And if they are really using it in such a way, then who knows how bad things can get?
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If only it were so simple.
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For more on the SPLC as a Ministry of Disinformation, see Charles Murray's point-by-point rebuttal of the SPLC's hate page on him:https://www.aei.org/publication/charles-murrays-splc-page-as-edited-by-charles-murray/ …
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add crypto to your talks, freedom of choice and speech.
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Bring it up with
@joerogan and friends.... The faster we adapt to freedom of sound decentralized money the better.
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Cryptocurrencies, especially Bitcoin & Bitcoin Cash, give you sovereignty over your own money. Nobody can prevent you from sending or receiving it, and there are NO limits or restrictions whatsoever.
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Has anyone ever sent Jordan bitcoin? We should show him. Does something like change tip exist anymore?
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Facts!!!
#Bitcoin IS the killer app paradigm shifting technological innovation to remove the corrupt central banking system & provide secure decentralized transparent auditable sound hard money that enables a worldwide honest free market to exist for the 1st time ever in history.pic.twitter.com/n4PZlzWGK7 -
Bitcoin tech is sound, but the actual value needs to be much more stable to be a suitable unit of currency. Right now it is pure speculation on its value at any given time.
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Yep, it takes time to grow into the role of "unit of account".
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Agree. The question for me is, should JBP and the IDW choose it as a basis for a new patronage payment system, would that be enough of an event to begin settling the value? Maybe the begining if the beginning.
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Just another baby step I think, but an important one. Large steps will involve sovereign and global crises.
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Is that even necessary? For the purposes of momentary transactions the exchange value and relative volatility of same is irrelevant. All that's needed is a method of automating the conversion to/from "real currency" accounts. That's still the Achilles heel in the end.
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There is no "necessary" there is just "politically inevitable". The US Federal Reserve will do what they want, in secret conjunction with the IMF and BIS, and maybe to some extent the managers of the Euro. Do you understand the modern political aspect of currency?
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