not_IO@lemmy.blahaj.zone to Microblog Memes@lemmy.worldEnglish · 2 days ago17 years*imagemessage-square247linkfedilinkarrow-up11.28Karrow-down191file-textcross-posted to: science_memes@mander.xyz
arrow-up11.18Karrow-down1image17 years*not_IO@lemmy.blahaj.zone to Microblog Memes@lemmy.worldEnglish · 2 days agomessage-square247linkfedilinkfile-textcross-posted to: science_memes@mander.xyz
minus-squareGreenBeanMachine@lemmy.worldlinkfedilinkEnglisharrow-up39arrow-down5·2 days agoAnd banks could continue having a monopoly on controlling money and transactions.
minus-squarepipi1234@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down2·1 day agoSpot on! And diluting your income and savings by money printing and inflation.
minus-squarechaitae3@lemmy.worldlinkfedilinkEnglisharrow-up10arrow-down3·2 days agoI really don’t care about the legal form the oligarchs give themselves, but at least the state can impose statutory requirements on banks, even if they’ve always been too lax.
minus-squarepipi1234@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down2·1 day agoImpose what? Have you hear about fractional reserves? 2008 financial crisis that resulted in zero accountability and tax payer bailouts for the banks? History is plagued with examples on how banking fucked up the plebs. Not to mention half of the world is outside the banking system. At least Bitcoin is money with clear rules engraved in code, no bailouts and accesible for everyone.
And banks could continue having a monopoly on controlling money and transactions.
Spot on! And diluting your income and savings by money printing and inflation.
I really don’t care about the legal form the oligarchs give themselves, but at least the state can impose statutory requirements on banks, even if they’ve always been too lax.
Impose what? Have you hear about fractional reserves?
2008 financial crisis that resulted in zero accountability and tax payer bailouts for the banks?
History is plagued with examples on how banking fucked up the plebs.
Not to mention half of the world is outside the banking system.
At least Bitcoin is money with clear rules engraved in code, no bailouts and accesible for everyone.