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327 points beeburrt | 1 comments | | HN request time: 0s | 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 #
sabas123 ◴[] No.44002688[source]
Which is not necessarily a good thing.
replies(2): >>44002714 #>>44002736 #
notpushkin ◴[] No.44002714[source]
But not necessarily a bad thing either.

If everything else fails, I know I can still have two things to pay with: cash and crypto.

replies(3): >>44002750 #>>44002773 #>>44002971 #
coolcase ◴[] No.44002750[source]
Gold being the ultimate. Cash can be diluted and crypto has unlimited supply (via alt coins). Gold is backed by physics and minted in neutron stars!
replies(2): >>44002801 #>>44003110 #
immibis ◴[] No.44003110{3}[source]
Gold has unlimited supply too (via alt metals, e.g., steel)
replies(1): >>44003568 #
1. coolcase ◴[] No.44003568{4}[source]
Periodic table enters the chat :). Touche tho.