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)
this is why i always pick luigi in super mario 2
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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)
Everyone does. T-Mobile has their own credit card.
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Everyone does. T-Mobile has their own credit card.
yeah but most of those are all just branded while being backed by synchrony or barclays
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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.
there is zero legitimate use for crypto so it was always going to be for fascists
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Have we forgotten about the Silicon Valley Bank crash already
SVB was intentionally crashed by tech bros like Peter Thiel, likely as a strategic move to lobby for change in the banking sector / to gain more access for tech companies. The bank operated in a risky space, with too high a concentration of tech bro customers. This left them exposed to Thiel and crowd going "Hey, look at the balance sheet, if we all withdrew our money at once we can pop this bank and trigger a discussion about banking regulations / reform!".
So, no one forgot, it's all part of the same larger plan really.
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Everyone does. T-Mobile has their own credit card.
T_mobile doesn't force its users to get their credit card, or force them to use it, or force them to enlist their friends and family to get one.
If Big Tech has their way, all of these things and Andy Rooney will be yours in less than 60 minutes.
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there is zero legitimate use for crypto so it was always going to be for fascists
Resisting the vc backed techno-fuedal global fascist network states is a pretty big one.
But there are plenty of use cases, many of which are already in use.
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yeah but most of those are all just branded while being backed by synchrony or barclays
Yeah but it’s a start and that scary.
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T_mobile doesn't force its users to get their credit card, or force them to use it, or force them to enlist their friends and family to get one.
If Big Tech has their way, all of these things and Andy Rooney will be yours in less than 60 minutes.
….yet. They all start somewhere. It just needs enough people to get caught in the net
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Sure is, its the grandfather bascically.
Sorry was refering to Cyberpunk 2077 for the 1st one. This is what Happens when you Name your dann Game Like a whole genre.
I know, I was just being snarky
