1941
Blockchain: the wave of the future
(lemmy.world)
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this post was submitted on 02 Feb 2024
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Y'all prefer to have the government and banks in charge of money instead? seriously?
What I don't want in charge, is a shadowy cabal of a few rich people only bound to the maximization of their own profit.
I'm not paying extra to remove what little democratic control there is in the existing system.
the shadowy cabal of a few rich people is called the Fed, it's privately owned by all the banks. there is no democracy in the existing system
https://en.wikipedia.org/wiki/Federal_Reserve_Act
https://en.wikipedia.org/wiki/Bank_regulation_in_the_United_States
For me: probably. Either way, transactions cost money. Either pay the block chain fees or just use cash/credit card.
I'm ok with credit and cash.
yeah they've done great with inflation so far! lol
Yes I want my democratically elected representatives ("the gobernment") in charge