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I agree that the state should do more to alleviate the situation of being unbanked, but this is a major win for the unbanked that will offer immediate relief an

I agree that the state should do more to alleviate the situation of being unbanked, but this is a major win for the unbanked that will offer immediate relief and comes with a number of other benefits for all different kinds of stakeholders. It's a non-brainer starting point even if your only goal was helping the unbanked

lotsofpulp 3y ago
The first step to helping the unbanked is removing banks from the picture altogether. They are technically wholly unnecessary in the 21st century for the purposes of sending/receiving/keeping a running total of funds in an electronic database entry ascribed to an entity.
- olliej 3y ago
  Uh huh, so we all keep money in a safe/home? Or are you going to propose yet another wildly unworkable cryptoscam?
  - lotsofpulp 3y ago
    A bank does not keep your money in a safe. Cash is a very, very small portion of money. We are mostly just editing numbers in various databases over and over. I would propose the federal government offer an inalienable electronic money account as a constitutionally guaranteed right.
    - alphabetting 3y ago
      I get the sentiment but in practice I think many would be against the govt being in possession of their funds given attitudes towards the IRS
      - lotsofpulp 3y ago
        Many would do well to already assume the government is in control of their funds. Pretty sure if the government wants to freeze your funds at any financial institution, the financial institution is going to let them. See what happened in Canada. This is where > inalienable electronic money account as a constitutionally guaranteed right. this comes in. It should be impossible to take away someone’s ability to electronically send and receive money.