What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online? SU...

What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?

  • Jiral@lemmy.org
    1·
    6 hours ago

    That fails the point. Wero is good because it breaks open a duopoly and mitigates the risk that the US can bring the European economy to a halt via Visa/Mastercard.

    More comoetition is good, monopolies aren’t. Nor would a Wero monopoly be.

    From a strategic view Wero is extremely important for Europe. You are looking from a cery different view on the topic but that does not invalidate that other view per se.

    My own views are that we need a balance of control and chaos. Both extremes have substantual downsides.

    • hirihit640@sh.itjust.worksEnglish
      1·
      10 minutes ago

      I’m not convinced that a triopoly (not sure what it’s called) is significantly different from a duopoly.

      My own views are that we need a balance of control and chaos. Both extremes have substantual downsides.

      My main view is that a centralized system can be built on top of a decentralized one, but not the other way around. And by the way, if crypto and traditional banking co-existed, with broad support for both, that would be a decentralized system, and I’m fine with that. As long as people can easily convert their fiat to crypto and interact with the same sellers in order to bypass censorship.