• symthetics@lemmy.world
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    2 months ago

    You know bank transfers are almost instant across most of Europe right?

    That’s a US specific problem. Solutions already exist.

    Yes, there are serious problems with the current system. I hear you, and I agree.

    Fiat isn’t the problem. These are problems with human behaviour, lack of oversight, and a system that incentivises bad practice.

    Crypto does nothing to fix any of them, and in most cases simply makes them worse. It’s not a solution, it’s just touted as one by the crypto rich to bring in new money.

    Just look at the rhetoric vs reality. It’s not ok for governments to just print money on demand, but it is ok for Tether to print Tether on demand which they then use to buy shitloads of BTC to pump and dump the market?

    It’s the same shit, just even worse.

    We’re all being fucked over by the same ultra rich, and technology is not the answer to that.

    Voting in and supporting people who want to start taxing these fuckers and holding them to account is a step in the right direction.