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328 points beeburrt | 1 comments | | HN request time: 0.248s | source
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rwarfield ◴[] No.44002548[source]
We have normalized the treatment of the financial and payments systems as things that exist primarily to perform law enforcement surveillance functions. It's the same dynamic that leads to debanking of small accounts - payments firms exist on thin margins and the potential fines for inadvertently servicing a bad actor are stratospheric, so it's entirely logical to play it safe by refusing to service anyone whose profile looks even the slightest bit risky.
replies(8): >>44002574 #>>44002616 #>>44002858 #>>44002883 #>>44002926 #>>44003438 #>>44006920 #>>44009595 #
ngruhn ◴[] No.44002616[source]
The alternate is crypto. That will service anyone for ANY reason.
replies(7): >>44002688 #>>44002727 #>>44002847 #>>44002861 #>>44002979 #>>44003052 #>>44007004 #
1. renewiltord ◴[] No.44002861[source]
This is one of my favourite word shifts. Back in the '70s this would have been quite the claim of sexual debauchery. I still chuckle at it.