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Certain activist groups put constant pressure on Facebook to “deplatform” and remove pages for both legitimate in it legitimate reasons. Now we’re talking abou
by InTheArena 7y ago
Certain activist groups put constant pressure on Facebook to “deplatform” and remove pages for both legitimate in it legitimate reasons.
Now we’re talking about giving Facebook control over the very means to do financial transactions. How long Before this also becomes weapononized, by Facebook, or by activists?
there is a reason why popular currency systems has been the purview of governments. We’re creating an awful lot of social repercussions by allowing corporations to own the basic financial fabric.
- Nasrudith 7y agoI think you are a few centuries late there - government banks were the Johnny come lates. The weaponization has gone on for quite a while even if you ignore the "required by law" aspects. Also not basic yet - physical currency is the current "most basic". The reason for government currency systems were because they backed taxes and had more stability than private entities. There is a long history of trickery from back when banknotes were literally issued by private banks.
- aiiane 7y agoVisa and MasterCard already cut off services to some groups.
- smsm42 7y agoI predict if it happens, demand to cut off $BAD_PEOPLE from the service will start the next day the service is launched. And if it is technically possible, the demands will be complied with the next day after that, for some values of $BAD_PEOPLE. Nobody wants to be a platform for moving terrorist money, right? Or drug money? Or alt-right money? Or gun manufacturers money? Or pro-life money? Or wrong-presidential-candidate money? Or persons-whose-opinions-I-don't-like money?
- EdSharkey 7y agoHear hear!