What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?
What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?
Pretty sure having a bank account is like an EU right, so banks can’t just close your account willy-nilly over some online post.
Yes, but VISA would hold the keys to the infrastructure that let’s you use it in in a modern world.
Visa doesn’t hold the keys to the WERO infrastructure. WERO is basically a facilitator to the system of real time bank transfers that already exists anyway on European infrastructure. It is not a credit card system in that sense, because the money goes immediately from one account to another, but so what?
Except for maybe international online payments, there are already alternatives, so I don’t quite see how.
WERO might be the EU alternative.
WERO…xD It sounds like a duck, it looks like a duck, oh, it’s a duck!
Stay informed about changes to the law, planned surveillance, and so on. The European “wero” system has to comply with European law… so everything will soon be under complete surveillance… It’ll be really great once eID and EUDI are in place… If you live in Germany and post something online that Spain, for example, doesn’t like, your accounts will be frozen and so on, because they’ll be able to bypass the banks.
So again: It sounds like a duck, it looks like a duck, oh, it’s a duck!
Edit : https://youtu.be/YtB31OpD8V4 This sucks but people will love wero etc.
For germany: https://youtu.be/wwD6_toU31w
Ah, so the good old nationalist argument. If the EU exploded tomorrow, none of these problems would go away. But we would cement the control of third country services, totally out of our the control. Generally, given how decentralised power is on EU level it is often less hard to fight these things on EU level than on national level where the executive is often much more powerful and just steamrolls through with much higher success rate.
The fight against the surveillance state is something we have to face in any case, no matter the framework. A look at the Sunny Uplands in the UK should make that obvious.
Spain is not a third country, as an EU member state it is bound by the same fundamental rights charter that also applies to the EU level as well as to Germany. If that doesn’t cut it, then having everything purely national won’t make a difference either.
Needless to say that your comment does not even have anything to do with the Wero system to begin with, yet apparently it is a duck.
The way to fight the surveillance state is to keep the fight simple
Fight for free computing, keep encryption legal.
With those two you can build much more on top, like secure communication, Monero and other crypto, etc.
There is no need for a national currency like Wero
The problem with all of that is the “and other crypto” bit nestled in there.
You KNOW crypto on-the-whole is bad for humans, because the Orange Menace is promoting it.
Wero is no currency and there is nothing “national” about it either. At least have a basic idea of what you are criticising.
Wero has also nothing to do with your ability to use Crypto or whatever. It is basically just a wrapper banks are offering to make the existing European instant bank transfer system more accessible and easier to use and a competitive alternative to credit cards.
Extending the fight to basically anything isn’t keeping it simple. Are you also fighting against classic bank transfers and credit cards or are you only fighting against Wero? If so why?
I simply don’t want the government to be able to sanction individuals, block certain transactions they don’t like. So I’m against any payment system controlled by a central authority (banks, government, etc)
Got anything to say? Or do you prefer vague accusations that could mean anything?
Not the banks, but the countries. The EU is getting the EU Wallet, and it must be linked to at least one bank account. This will allow other EU countries to enforce penalties and freeze accounts, seize funds, or whatever. Cool, right? 🤮
Imagine a country like Hungary decides to freeze another’s entire population bank account
The EU wallet is not about financial transactions, is it?
Also there are two systems in the making, one is the public Digital Euro, the other is the private Wero. Sure, accounts could be frozen but neither a single company nor the US could freeze out people out of their financial life.
Most likely it is an EU right, but violations would require a lot of effort to straighten, so I wouldn’t be surrised if they do sometimes close accounts willy-nilly