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* 3% taken by credit card companies from merchants shows a rigged economy. It must get fixed * 3% interest should be paid on savings accounts (like 1900 - 1980
by seaourfreed 5y ago
* 3% taken by credit card companies from merchants shows a rigged economy. It must get fixed
* 3% interest should be paid on savings accounts (like 1900 - 1980). ~0% today is a rigged economy
* Many other examples of the financial system being the root of the rigged economy (2008 Mortgage crisis, Libor rigged, front running trades, etc.).
Crypto brings the freedom to compete. We need to fix the rigged financial system by using competition.
- pjc50 5y agohttps://ec.europa.eu/commission/presscorner/detail/hr/IP_15_4585 https://ec.europa.eu/commission/presscorner/detail/hr/IP_15_... : "As a general rule, the Regulation will cap interchange fees at 0.2% of the transaction value for consumer debit cards and at 0.3% for consumer credit cards." Problem solved. > 3% interest should be paid on savings accounts By whom? I'm quite happy with my 1.2% mortgage, why do you want to impoverish me by driving that up? What's the interest rate on a 25 year mortgage in Bitcoin again?