Technology

Against what? Against consumers that don't need to pay fees? Against the Brazilian government who is behind the pix?

Poor US companies with billionaires yatches bills to be paid.

Let's say the pre-Trump economy is worth $100 trillion, and a particular billionaire's share is $2 billion. Let's say Trump catastrophically decreases the economy's value to $50 trillion, while increasing corruption such that that Trump is getting more power, and the billionaire's share is $10 billion.

This is followed by a collapsing market that creates a dip in share prices or private valuation, the assets of which can be bought for pennies on the dollar, eventually leading to that billionaire having $30 billion in a total economy worth $20 trillion.

Win/win for Trump and the billionaire, at the cost of everyone else.

That's basically what's happening, and will continue to happen.

American big business? Not a dime. It’ll be a bailout on the American tax dollar I bet. 

They'll make sure it hurts us, long before it ever touches them.

At this point, I wouldn't be surprised if they're working on it. He's destroying their bottom lines.

That said, if you go after the king, you'd best not miss.

The parasites are still making money. Rocking the boat would temporarily interrupt the party, they'll continue to party until they're forced to change.

The question is incomplete. They will cost trillions, but the presidency, the party fixing elections right now, will cost the country the dollar itself. They will max out borrowing, then print money to pay off the debt and de facto default. They will turn all of those dollars into very much less valuable things.

Presuming no one stops them.

True risk is also anathema to them, probably hedging bets on how the midterms go before they make big moves

It's kind of a weird game theory thing, because the industries affected aren't consistently losing. A decision he makes on Wednesday can help the finance industry but hurt the tech industry, and then he can reverse it on Thursday and now the finance industry is tanking but the insurance industry is up. It's tough to know who would work together to pull him out of office, because between any two given days, the people who have the money have different opinions on how he's doing.

They would be tiny from way up there

I dont

Theyre usually fat old men

Same in Norway and I think same in many countries, biggest issue is across borders inside of Europe. Most payments online also.

Same in Canada with Interac. I’d love to see some interop between these types of networks

Thanks for this. I recall the days of having to take cash to a sketchy guy or getting screwed at the airport so you can get out of the airport. It wasn't cool, and being able to pay with a credit card in some far-flung places now is pretty amazing.

We already have Interac, a good homegrown solution. I'm sure it wouldn't be that hard for banks to piggyback on it to make credit transactions rather than debit.

Crypto doesn't have the same consumer protections as centralized cards, though. You can't dispute a fraudulent transaction with crypto, as every transaction, much like cash, is permenant and irreversable. That and crypto also has a negative connotation with scams, as it is very commonly used to scam people.

The technology and the idea of a decentralized currency is cool, and with cryptos like Monero, can even mean private transfers of money across the internet, but it also has its flaws.

I do think blockchain technology has its uses, though, for example, with government elections, although in that case, individual clients can be compromised, and there is a high amount of incentive for malicious actors to do so.

And that is ignoring the many issues with proof of work and its power usage.

You think people can trust crypto?