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666 points jcartw | 2 comments | | HN request time: 0s | source
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SwiftyBug ◴[] No.43620583[source]
I've been living in Brazil for the last 20 years.

Pix revolutionised the way we transact in Brazil. I've used Pix to pay for things that cost only cents, and I have a friend who bought her house using Pix. The system just works for any transfer amount. And it's so easy to use.

Its speed is truly baffling, and so is its reliability. Never have I failed to make a Pix payment because of downtime. I never cease to be amazed by how fast money arrives in my Brazilian account when I make a withdrawal directly from my EUR wallet on Wise. I receive a push notification from my Brazilian bank before Wise finishes running the animation of confirmation of withdrawal. It's like magic.

And it's so widespread that nowadays I don't even question whether someone accepts Pix. When I get in a taxi, no matter how old the driver is, it's certain that they take (and prefer) Pix.

I've even had homeless people ask me for Pix instead of change on multiple occasions.

Cryptocurrencies don't stand a chance.

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Vox_Leone ◴[] No.43622093[source]
>>I've been living in Brazil for the last 20 years.

Lucky you. I've been living here since i was born. :(

Pix is surreal. It was launched in the Bolsonaro (mal)administration, designed by the proverbially incompetent public work force, and is as Orwellian as can be. Its code is nowhere to be found.

The funniest thing is that is has been adopted feverishly by the rabid right wing crazies, the same lot who want to destroy everything 'government'.

I take pleasure in listing three of the problems:

1. Lack of Transparency

2. Potential for Abuse

A government-controlled payment system centrally-controlled, with no auditability? Oh please give me more (/s)

3. Censorship and Political Control

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1. lucasoshiro ◴[] No.43622404[source]
Bolsonaro didn't even know what Pix was:

https://exame.com/economia/questionado-por-apoiador-bolsonar...

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2. Vox_Leone ◴[] No.43622793[source]
But i have said nothing about Bolsonaro's lack of awareness -- his monumental ignorance is a known fact, mind you, and that is not the core of my argument.