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> Do you think MasterCard and Visa networks are dystopian too, or that national currencies themselves are dystopian? There is a major difference between settle
by espadrine 7y ago
> Do you think MasterCard and Visa networks are dystopian too, or that national currencies themselves are dystopian?
There is a major difference between settlement being operated by a democratic government, which will therefore handle the payments market with the public’s interest in mind…
…and it being operated by a for-profit.
Monetary policy (eg. target inflation rates) can be driven by investors, at the expense of social stability.