791–800 of 802 posts
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There are free, base functionality accounts in every bank in Poland. Debit card use is also free provided you make few transactions per month.
What a strange rule. Debit cards presumably only cost the bank money if you use them.
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>but it becomes more vividly alarming if we imagine denying electricity or highway access to an unpopular business. This is why even as Cloudflare decided to shut down Stormfront, they publicly worried that it was a dangerous path to go down. I can understand their worry, but I think they did the right thing. If I owned a hosting service, I wouldn't provide services to people like that either. I don't want to be know…
Yeah, I didn't mean to suggest that I think Cloudflare was wrong. And given that they did the thing while worrying about the consequences, they clearly figured it was the right thing to do also. As far as the basic elements of life - utilities and travel access - it's good that they're effectively guaranteed neutrality by governments. Given that living without running water and power is illegal in much of the US, it'…
This isn't really true though. Sure, not being able to find any hosting on the internet would mean no internet presence, but no one is stopping you from making a big sign and standing on a street corner, or using your PC and laser printer to print out a bunch of pamphlets full of your views. This is exactly what people did before the invention of electronic communications, and it worked.
There's nothing in the 1A about free speech being easy or convenient or global in reach, just that the government can't pass a law abridging it.
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> In Germany every bank is obliged to offer everyone a so-called base account That's very commendable; I wish more countries had such a regulation. Does it extend to non-citizens living in Germany? What about to visitors to Germany? Could someone open an account (by right) while there on a holiday?
Non-citizens absolutely. Completely illegal immigrants no, but rejected asylum seekers who cannot be reasonably expected to leave the country yes. (The term is "geduldet", but I don't know the exact legal definition.) Visitors no, I'd guess.
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There's almost no reason payment couldn't be handled with a reputable, totally decentralized stablecoin like Dai. The solutions exist, but they need to be socialized and streamlined. EDIT: Would love some reasoning around downvotes.
The only crypto that will ever matter is one fully endorsed by banks. At the end of the day you can't spend cryptocurrencies. When Walmart accepts a cryptocurrency then maybe people will consider actually using it. Paying people in some weird unheard of stable coin doesn't help anyone if it can't be easily converted into real currency that people use and accept.
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>> It's too slow >In my recent experience, payments confirm ~5 times within an hour or so. Really not fast enought for the camgirl/camboy use case
Why would they need 5 confirmations?
But I admit I dont know enough about the network to understand if that even makes sense
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Why would they need 5 confirmations?
Right. Many VPN providers issue connection credentials with zero confirmations. Because reversal is nontrivial enough that it's worth the risk. So I guess that it'd be the same for camboys/camgirls.
not sure I understand... did you mean trivial enough?
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Why the heck do people use those kinds banks over there? Seems to me it takes away all the usefulness of one. It's a money bucket where you put money in and take money out. As soon as one of those three aspects is not there, then what is the point?
https://www.nerdwallet.com/blog/banking/wire-transfers-what-... There really isn't any low cost option for wire transfers in the US. ACH is the free transfer option, and it takes 1-3 days. Wire transfers are the "pay a lot for immediate confirmation" option just for the very few transfers it's worth it on. The average person is unlikely to ever make or receive a wire transfer. There are consumer-level alternatives fo…
I'm used to using the bank, the apps they have and de debit cards they provide (and now also Apple Pay) to send and receive money instantly every day, and there are on average ~10 instant transfers daily to both other private accounts or businesses to pay for things.
Perhaps this is an exotic or luxury position, or there is some unseen cost to this, but I'm not aware of that at this point.
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Fraud has completely different profile on cryptocurrency. They would have zero chargeback percentage. Just think about it.
> They would have zero chargeback percentage. Just think about it. LOL. Great for the shady porn site operators but not at all good for the consumer who has no recourse. A lot of those chargebacks are perfectly valid because the site operator is some shady fly-by-night site doing shady stuff.