Credit-card firms are becoming reluctant regulators of the web
1–10 of 288 posts
Re: Credit-card firms are becoming reluctant regulators of the web
#2Reluctant? Really? Citation needed.
Re: Credit-card firms are becoming reluctant regulators of the web
#3Can’t read the whole article however, from what is mentioned in the visible part, I find it a bit strange that free speech and monetary transactions, aka earning money with said free speech, is something that should be protected by law somehow.
Re: Credit-card firms are becoming reluctant regulators of the web
#4The Lightning Network might or might not lead to a widely used open payment network.
I would love to hear more from people who already use it. How well does it work?
As far as I know, El Salvador is currently trying to shift their whole economy to Bitcoin. Handling day to day payments via Lightning. Is anybody from HN there? How practical is it for non tech people to use it for their daily payments?
Re: Credit-card firms are becoming reluctant regulators of the web
#5Re: Credit-card firms are becoming reluctant regulators of the web
#6The Lightning Network might or might not lead to a widely used open payment network. I would love to hear more from people who already use it. How well does it work? As far as I know, El Salvador is currently trying to shift their whole economy to Bitcoin. Handling day to day payments via Lightning. Is anybody from HN there? How practical is it for non tech people to use it for their daily payments?
Very poorly. The only way it's usable is by relying on third parties, at which point you might as well use standard services. Or even actual cryptocurrencies for that matter.
Re: Credit-card firms are becoming reluctant regulators of the web
#7The Lightning Network might or might not lead to a widely used open payment network. I would love to hear more from people who already use it. How well does it work? As far as I know, El Salvador is currently trying to shift their whole economy to Bitcoin. Handling day to day payments via Lightning. Is anybody from HN there? How practical is it for non tech people to use it for their daily payments?
Very poorly. The only way it's usable is by relying on third parties, at which point you might as well use standard services. Or even actual cryptocurrencies for that matter.
Which third parties do you mean?
Re: Credit-card firms are becoming reluctant regulators of the web
#8I would want to see regulations where banks are explicitly forbidden from blocking legal transactions.
If it's legal then banks should have no choice but to handle it.
Re: Credit-card firms are becoming reluctant regulators of the web
#9Earlier quoted context omitted.
Very poorly. The only way it's usable is by relying on third parties, at which point you might as well use standard services. Or even actual cryptocurrencies for that matter.
Which third parties do you mean?
My understanding of lightning is, that unless you run your own node (which requires a lot of funds and needs to be online 24/7), you are using a third-party node for these payments. The positive would be, that there are (I presume, don’t know) far more nodes/services available to choose from than there are credit-card firms.
This is just what I remember from reading into lightning a few months ago.
Re: Credit-card firms are becoming reluctant regulators of the web
#10Reluctant? Really? Citation needed.
My thoughts exactly. They might be reluctant to show they have so much power, but they're definitely not reluctant to wield it.