821

Chief of Dutch Central Bank: US influence on payment systems is concerning, working on alternatives for Visa and Mastercard. (nos.nl)

submitted 3 weeks ago by Sunshine@lemmy.ca to c/buyeuropean@feddit.uk

113 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] brucethemoose@lemmy.world 39 points 3 weeks ago* (last edited 3 weeks ago)

Too bad about crypto.

This is the exact kind of situation it was meant to deal with: finance independent of bad entities. But it’s such a dumpster fire…

I don’t think there’s a purer example of social media engagement hype, predatory capitalism, and disinformation ruining something neat so quick.

[-] unexposedhazard@discuss.tchncs.de 17 points 3 weeks ago

There is GNU Taler which is quite cool, but thats not really ready for use yet sadly.

[-] brucethemoose@lemmy.world 7 points 3 weeks ago

Oh yeah, that seems really cool. The core premise is much more practical.

[-] oldfart@lemm.ee 3 points 3 weeks ago

Yeah, money that expires is very practical

[-] Iapar@feddit.org 1 points 3 weeks ago

What?

[-] oldfart@lemm.ee 4 points 3 weeks ago

Their very own FAQ says:

How to avoid digital cash expiration?

Taler e-money is issued with a validity period. One month before the expiration date, your wallet should automatically exchange any digital cash that is about to expire for new digital cash with an extended validity period. However, if your wallet is offline for an extended period of time, it may be unable to do so. Ensure your wallet is regularly online to avoid losing money due to expiration!

[-] Iapar@feddit.org 3 points 3 weeks ago

Jesus, that sounds like a catastroph waiting to happen.

Depending on the length of the period and when that period starts.

[-] oldfart@lemm.ee 1 points 3 weeks ago

People get sick, people get jailed, all kinds of events happen that can incapacicate you for extended periods of time

[-] explodicle@sh.itjust.works 2 points 3 weeks ago

Meanwhile the bitcoin landfill guy has finally given up his search

[-] oldfart@lemm.ee 2 points 3 weeks ago

Their very own FAQ says:

How to avoid digital cash expiration?

[-] chicken@lemmy.dbzer0.com 11 points 3 weeks ago

social media engagement hype, predatory capitalism, and disinformation ruining something

I mean, it still works for getting around Visa and Mastercard. For instance it can be used to make donations to various media piracy groups. It's just that it's so useful to scammers and many people see the technology as a whole as being one 'brand'.

[-] brucethemoose@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago)

It’s more than a perception problem now, it’s a culture one within the crypto community (as far as I can tell).

Even if you treat the most prominent crypto as a utility, the sea of hype and speculation will affect you.

[-] chicken@lemmy.dbzer0.com 3 points 3 weeks ago

Maybe. I feel a bit out of the loop on "crypto community culture" because I understand that much of it largely exists on Twitter nowadays, and I don't go there. Still, it is a functional solution for a money equivalent of encrypted communication.

[-] brucethemoose@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago)

Or Discord! And investment TV! It’s so cultish, it’s unreal.

I think this should be distinguished between "pure" crypto enthusiasts, in it for the utility, not speculation, which are probably like pink elephants now.

AI has a similar divide, where like 99% of the hype is on Twitter and TV with AI bros, but there are little niche communities messing with open weights, locally runnable models in a much more grounded way. /r/localllama used to be a hub for this (and there is a little branch on Lemmy), but unfortunately it seems to be getting strangled by Reddit enshittification .

[-] someguy3@lemmy.world 3 points 3 weeks ago

Doesn't work when the valuation goes up and down like a yo-yo. You need same currency.

[-] brucethemoose@lemmy.world 4 points 3 weeks ago

Stablecoin is a thing. So is a system to control inflation.

The more pressing issue to me is the core premise: a totally anonymized but publicly recorded financial system makes no sense, especially when the user generally won’t grasp it. It’s just begging for thieves and scammers, and that’s what it got.

[-] someguy3@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago)

But if you can't get rich, no one wants to buy it or use it. This is the conundrum of crypto.

[-] brucethemoose@lemmy.world 3 points 3 weeks ago

Yeah, and that toxic idea has completely poisoned the well.

this post was submitted on 21 Mar 2025

821 points (100.0% liked)

Buy European

5336 readers

1681 users here now

Overview:

The community to discuss buying European goods and services.

Matrix Chat

Rules:

Be kind to each other, and argue in good faith. No direct insults nor disrespectful and condescending comments.
Do not use this community to promote Nationalism/Euronationalism. This community is for discussing European products/services and news related to that. For other topics the following might be of interest:
Include a disclaimer at the bottom of the post if you're affiliated with the recommendation.
No russian suggestions.

Feddit.uk's instance rules apply:

No racism, sexism, homophobia, transphobia or xenophobia
No incitement of violence or promotion of violent ideologies
No harassment, dogpiling or doxxing of other users
Do not share intentionally false or misleading information
Do not spam or abuse network features.
Alt accounts are permitted, but all accounts must list each other in their bios.

Benefits of Buying Local:

local investment, job creation, innovation, increased competition, more redundancy.

European Instances

Lemmy: