It's kinda scary how finance and payment processing companies can just destroy a company and a whole bunch of people's livelihoods by themselves just because they decide they don't like what they sell, and have no oversight whatsoever preventing them from doing this.

  • ImSoOCD [they/them]
    ·
    3 years ago

    Frankly, I don’t see a way around this other than crypto. It’s the only disruptive financial tech that’s still usable by every day people even after it’s been coopted by capital. And that really sucks because it basically means that anyone looking to use crypto as intended is forced to gamble just by holding money. You can’t exactly buy government bonds to compensate for the risk if you’re a political dissident

    • CthulhusIntern [he/him]
      hexagon
      ·
      3 years ago

      I wonder if there could possibly be a service, pay for something with your credit card, it automatically buys crypto at current value, sends it over to the seller, and then sells that crypto and exchanges it for real currency.

      • Terkrockerfeller [she/her]
        ·
        3 years ago

        Isn't the price so volatile that it could change over the course of that transaction tho

        • ImSoOCD [they/them]
          ·
          3 years ago

          The intermediary would have to depend on it in order to take a cut and cover the card fees

      • Yun [he/him]
        ·
        3 years ago

        you don't need to deal with speculative coins. stablecoins are a thing: https://www.circle.com/en/usdc

      • ImSoOCD [they/them]
        ·
        3 years ago

        That’s still an intermediary which could itself be suspended by credit card companies