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329 points beeburrt | 2 comments | | HN request time: 0.409s | 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.
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ngruhn ◴[] No.44002616[source]
The alternate is crypto. That will service anyone for ANY reason.
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sabas123 ◴[] No.44002688[source]
Which is not necessarily a good thing.
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coolcase ◴[] No.44002736[source]
It's like a kitchen knife. Can be good or bad.
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close04 ◴[] No.44002945[source]
Correct in principle but not all that insightful because it's something almost universally true. "Fentanyl! Ads! Widespread surveillance! Can be good or bad".

You have to look at the reality. Crypto has been used overwhelmingly for scams and crime.

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CelestialMystic ◴[] No.44003073[source]
> Crypto has been used overwhelmingly for scams and crime.

So has regular currency.

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vkou ◴[] No.44003177[source]
The overwhelming use of regular currency is crime? Where?
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1. throwaway1854 ◴[] No.44008455[source]
Wherever any consumer-level illegal drug transaction has happened, which is everywhere.
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2. vkou ◴[] No.44009396[source]
The overwhelming use of fiat in my town does not consist of buying and selling street pharmaceuticals.