Absolutely disagree
Social media is inherently public. Everything here should always be completely public. Nobody should ever think anything they do here is private at all.
My private social media is Signal. All my real world friends use it for our personal communications.
This isn’t quite right.
A technological improvement in production efficiency does shorten labor time per output.
However, employers don’t respond to this new efficiency with shortened work hours.
They respond with fewer laborers.
Improved technological efficiency, leads to higher unemployment.
Visa and co. don’t own technology. […] the implementation is left to banks and financial providers.
That’s exactly backwards.
The store POS system doesn’t connect directly to every individual bank that issues a card. They connect to Visa’s server which authenticates the transaction. They’re the network in the middle of the system that everyone else connects to. The banks just provide the account to transact from.
You can’t just build an app that uses NFC, like you build an app that uses a phone camera.
Then how is this new Digital Euro supposed to do NFC transactions if they can’t use the NFC?
Yah the fee structures are all that needs to be changed. That’s just needs new contracts, not new tech.
Exactly! That’s all kids need to take away.
I was using a short-hand language with the assumption that You understand that we are not talking about technological implementation.
That’s the confusion. I’m only talking about technology.
I’m not seeing much of a reason to build an entirely new set of tech for this payment system.
Nearly everything you mention can be done with the same existing tech the other card networks do. You only need different contracts for the connected banks, retailers, and customers.
The closest you mention to a reason for new technology is the phone based NFC payments. That could solved with their own NFC payments app. That could be done by just making a new NFC wallet app, which would be great! But doesn’t require a whole new currency and payment network protocol.
How young?
13-14?
Requiem for a Dream
I’m not sure of your reasoning. But I’ll provide two ideas that may make you feel better and/or worse about it.
Only if the SCOTUS says so.
Most versions I’ve seen in TV and movies can.
I’d assume all celestials can speak all languages ever created.
Oh! Yah, that’s plenty of reason. Though I have doubts.
Well, legally speaking, they can.
They aren’t supposed to. They can get in trouble at work. But I don’t think it’s actually illegal.
Visa and co. mostly don’t work on modern mobile phones.
Never had a problem. Not sure what that means
The networks don’t do credit, or cash back rewards, points and the like. That’s not Visa and friends. Those are offered by the banks who back the accounts. Debit cards don’t have those options and work exactly the same as far as the charge network is concerned.
The public network doesn’t have to worry about any of that. People could use it with credit, debit, or charge cards whatever they wanted.
Nobody likes the charge card networks. They charge fees to nearly everyone. Banks would jump on a fee free alternative.
I did read all that. I’m all for creating a public way around the corporate payment networks.
What I mean is, one could just create a public charge card network that works the same way, with the same infrastructure that Visa, MasterCard, Discover, American Express, Diner’s Club, etc all use. All that would change are the fee structures everyone pays. I don’t see the need to reinvent the wheel here.
Monday -
Alex Jones: It’s a lie! I’m still in control of the studio!
Friday -
Studio locked. Lights out. Alex isn’t in control anymore.
I guess the username+password part is new, but I’m not sure it’s enough of a reason to invent a whole new payment system. Normal CC networks do all the rest already.
He was a pawn of the Architect and Oracle.
To be clear, the billionaires are not the 1%.
There are only ~900 billionaires in the US. That’s the top 0.000003%
Your well paid doctors, lawers, engineers, etc. are in the 1% and still firmly part of the consumer class.
I don’t have a problem with this.
Advocating to change the status quo, doesn’t insulate you from having to live in it.
If you want a nice new electric vehicle, (any vehicle really) in the US today you’re going to have to buy a spy mobile. No way around it.
In no way does having one mean you can’t push for public awareness and government regulation to improve the current privacy environment.
You can call it hypocritical. It’s not. It’s pragmatic.