310
you are viewing a single comment's thread
view the rest of the comments
[-] Grass@sh.itjust.works 27 points 1 week ago* (last edited 1 week ago)

I wish it was feasible to hve a large scale boycott of visa and mastercard. american express is already useless so it wouldn't help much to include it...

[-] defaultusername@lemmy.dbzer0.com 12 points 1 week ago* (last edited 1 week ago)

Or a decentralized alternative that isn't just used to scam people, that doesn't eat up insane amounts of electricity to process, and is as convenient as regular money.

In reality, private corporations should not have control over money at all. Money is printed by the local government and should be controlled by the local government. Governments generally have better free speech protections than private corporations, which have none. Obviously, free speech protections are not universal, but countries can already ban content in other ways.

[-] rottingleaf@lemmy.world 1 points 1 week ago

Alternatives are not so hard, if you allow everyone to exchange and use every currency. Then, well, you need to pay someone selling in currency A - you pay your B's to buy some A's and you pay with them.

But there are lots of limitations on banking, some in good faith, and some to prevent mobility and make everything tracked. Possibility to track means possibility to decide who gets to do what.

I think that's why gold standard was dropped in the first place. When all money is guaranteed with gold, and gold (still does) buy money, you do have a universal currency hard to track.

With decentralized electronic currencies the problem is - you need consensus. There's no way around it at all. You can devise something to separate one consensus into a tree of subspaces, to make it more efficient in case an operation with a coin "123456" depends only on operations with coins from "123*" subspace, or something like that. Partitioned system. So then you don't need consensus on subspaces untouched by your operation. But you still can't have such an offline currency, because that depends on the finite amount of gold, while with electronic currencies double spending exists.

And I don't know if it's possible to make such an electronic currency anonymous for outside spectators. Zero-knowledge and other buzzwords are good, but I don't know how one can do this.

[-] ctrl_alt_esc@lemmy.ml 0 points 1 week ago

Money is not printed by the local government at all. Money is created by private banks through extending credit. And it shouldn't be controlled by the government either, that's a terrible idea.

I agree with the rest though.

[-] NikkiDimes@lemmy.world 0 points 1 week ago

Are you sure you're from lemmy.ml...?

[-] ctrl_alt_esc@lemmy.ml 0 points 1 week ago

It's just the first instance I found when I signed up, I didn't know anything about its reputation.

[-] Vroomfondel@lemmy.ml 1 points 1 week ago

Did some quick search and it turns out: There was controversy about revisionism and right-wing talking by the original lemmy.ml admins (and founders). Hence, everyone coming from there with fresh accounts immediately get's the "idiot label", is insulted and downvoted. Not a very welcoming gesture in such a supposed open, liberal and new community of geeks. - It seems, we can either change instaces, delete our accounts or ignore it.

this post was submitted on 26 Jul 2025
310 points (99.7% liked)

Technology

73657 readers
1927 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS