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Crypto fueling the Golden Age of Fraud doesn't help. One silver lining is the Fed got off it's fat ass and conjured up FedNow as an alternative to the slow ass
by ourmandave 3y ago
Crypto fueling the Golden Age of Fraud doesn't help.
One silver lining is the Fed got off it's fat ass and conjured up FedNow as an alternative to the slow ass ACH system.
- matheusmoreira 3y agoI couldn't care less about fraud. I would put up with it if it meant real change in the rotten status quo. What happened instead is just banks all over again and it emboldened governments to rob us of even more autonomy by pushing their centralized digital currencies. In many ways we are worse off than before and I don't mean scam coins or the negligible energy consumption of proof of work.
- AlexandrB 3y agoThe rotten status quo is not a result of any technological limitations but of human greed and the financial incentives our economic system provides. You can't "disrupt" that, short of a cultural or political revolution. Something like this outcome was inevitable.