this post was submitted on 08 Aug 2023
779 points (98.7% liked)
Technology
59562 readers
2830 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Oh no. In other news banks keep breaking the law and using our money to pay fines.
Remove banks. Leach on society that provide nothing. Yet they are the reason we can't frolic in the meadows.
Crypto has been in existence for a while.
Crypto is currently run and maintained by the banks. Blockchain could be the answer if it wasn't under the thumb of the banking elite.
Nothing of value can happen until the old die.
I don't think that's true for the most part, care to elaborate? Which banks can stop me from sending which cryptocurrencies?
You wouldn't send crypto from a bank. I know that my banks. 3 of them refused to buy crypto. So that for a start.
Also jp Morgan and other huge conglomerates have massive holdings in and against Bitcoin. So it's not for the poor's. It's bring manipulated by the mega wealthy.
Right, that's the point, you don't need a bank to send or receive it, banks aren't involved in that process at all.
They don't do this because they run crypto, they do it because they don't want you to be able to use crypto.
True, but that just means if you try to play the market you're likely to get burned. That's separate from whether they're an alternative to the problems posed by banks. In this case the article is about banks having poor transparency and record keeping so they can get away with shit. Crypto has great transparency, not just to the government but to anyone who cares to look at a record of every transaction. Banks don't want that for the obvious reasons.
You need to use fiat to purchase crypto. Suppose you could mine it. Banks are though. Most sites I use require verification now and banks are involved in that process.
I'm aware of that but they are heavily invested in Bitcoin and making money from it. They don't want it to succeed but they do what monies from exploiting it.
I'm aware. Not crypto but blockchain has impeccable transparency. Every politician and business should show a paper trail of what they spend our money on.
Auz has receipts of what their tax is "spent" on. Be great to force that through but they control the laws so far chance
I would follow you into the mists of Avalon, if that's what you mean.