Holy buzzwords Batman.

But I am sure this will really be the crypto coin to power the internet’s transactions. All the previous ones got it wrong, this is the solution. /s

Instead of this, we need a central bank that can provide everyone with a direct account to stop all the banking speculation. That’s the instant transactions I want.

▲

wmf 13 hours ago | parent | next [-]

But I am sure this will really be the crypto coin to power the internet’s transactions. All the previous ones got it wrong

50% of Web traffic doesn't flow through Coinbase or Tether; it goes through Cloudflare. So yeah, they have a much greater chance of successfully erecting a tollbooth. And just like you pay US taxes in US dollars you'll pay Cloudflare tax in Cloudflare dollars.

▲

JumpCrisscross 14 hours ago | parent | prev [-]

> we need a central bank that can provide everyone with a direct account to stop all the banking speculation. That’s the instant transactions I want

Hard nope from me post Trump. We don’t need the President having potentially unregulated and direct visibility into and access to every American’s bank account.

(And no, it’s not currently the case. The FBI still has to e.g. request records, a process which creates friction and the potential for pushback or whistleblowing.)

▲

IgorPartola 14 hours ago | parent [-]

I hear you on Trump but note that POTUS has full access to the IRS records. Except he doesn’t and that is an official executive branch agency, unlike the Fed. Besides, ideally you’d be able to get a foreign central bank account too.

▲

JumpCrisscross 14 hours ago | parent [-]

> note that POTUS has full access to the IRS records. Except he doesn’t

He hasn’t asked for it. I strongly doubt if he can control the Fed and FTC that the IRS will somehow be a red line.

> ideally you’d be able to get a foreign central bank account too

Oh goodie, what I need in my life is the CCP being able to blackmail me.

	▲	IgorPartola 14 hours ago \| parent [-]
		I mean don’t open an account in China? And this doesn’t preclude private banking. You can pay a private bank to manage your money, just that you also have a public option. I don’t really want to go down a full political rabbit hole but Trump can ask for whatever he wants. If you look at all the cases in the federal courts currently they all are basically figuring out just how much of what he has tried is actually legal and mostly finding that very little of it is. As a result you’ll see headlines like “Trump requests JumpCrisscross’s medical records and bank statements” on the front page of CNN but you won’t see the headline on page six that reads “Trump appointed judge laughed the FBI’s lawyers out of the court room for making a stupid request.”