Big Tech Wants to Become Its Own Bank
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Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
On the bright side you might be able to buy groceries with robux and vbucks soon
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
Have we forgotten about the Silicon Valley Bank crash already
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Have we forgotten about the Silicon Valley Bank crash already
That was in part caused by peter thiel who called for a run on those banks.
Peter thiel is also the guy that wants these banks. That wants "freedom cities". That want to make sure you have zero freedom and privacy. That bank rolled JD Vance, and trump. And has explicitly stated his desires to destroy western society and financial order.
So....
Yeah, I remember.
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
Ladder kicking is really a good metaphor for many things that happened in the last 30 years.
Microsoft raises on interoperability and ergonomics and no bullshit, then starts making it so that nobody after it could.
Google raises on the web being open and interoperable and standard, then starts making it so that nobody after it could.
Facebook ... was always crap, but its initial advantage was being populated by real people and not bots, the same.
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
They'll eventually have their own militaries.
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On the bright side you might be able to buy groceries with robux and vbucks soon
I can’t wait to buy fruit lootboxes where one in every 10 isn’t spoiled!
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
No one is being "forced"to do anything.
What a bullshit, psyop article.You are forced to use the US dollar though. Or not be able to buy anything.
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They'll eventually have their own militaries.
Welcome to Cyberpunk then. Or GitS
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
I'm so sick of Democrats helping fuck us over and pretending that we should be happy about it.
Instead of fighting this kind of shit tooth and nail the best they do is water it down and then send it to be passed.
Fucking maddening. Part of the fucking problem. Stop making deals and concessions to these fascist fucks.
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
It's the same old grift.
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I'm so sick of Democrats helping fuck us over and pretending that we should be happy about it.
Instead of fighting this kind of shit tooth and nail the best they do is water it down and then send it to be passed.
Fucking maddening. Part of the fucking problem. Stop making deals and concessions to these fascist fucks.
Thanks to the ancient fucking men being the ones ruling th Dem's, people like AOC will have to wait another like 30 years to have a chance
And then the Greens are just disguised russian bootlickers (Leader had dinner with Putin). -
This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
Gee I hope people are working on truly decentralised open source alternatives.
Gifting cryptocurrency to the fascists and crypto bros has been a massive fumble from the left.
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
Pasty prick got so lucky he should bury his head somewhere and not see the lighting day again.
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
The fucking healthcare conglomerate (owned by UnitedHealth, yes that one) that bought up the majority of medical practices in my region just sent me a completely unsolicited debit or credit card.
They don’t provide my health insurance. They’re just who owns most of the doctors offices around here.
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I can’t wait to buy fruit lootboxes where one in every 10 isn’t spoiled!
Hey if you are around Palm springs to roughly Redlands you can already get that when my jobs packers fuck up.
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This post did not contain any content.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
(jacobin.com)
I’m so glad the majority of Lemmy is no longer Democrat gimps
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Pasty prick got so lucky he should bury his head somewhere and not see the lighting day again.
Don't you like to smoke meats with your fake friends?
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Gee I hope people are working on truly decentralised open source alternatives.
Gifting cryptocurrency to the fascists and crypto bros has been a massive fumble from the left.
They can have it, crypto is shit at being an actual working currency.
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Welcome to Cyberpunk then. Or GitS
GitS itself is cyberpunk, is it not?
