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?
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)
There is a difference between the fight for free systems and fighting against everything else. Your opposition against Wero is the latter. That is not keeping it simple, that is the opposite of it, and making it much harder to support the free systems as one is then looking like a radical without consideration of reality (where any complete remodeling of payment systems needs rather a decade, unless one aims for high economic damage) trying to impose one kind of system on everyone else.
I don’t think my proposition was a big ask. Free computing and legal encryption are already the norm, I’m simply saying we should not let them be taken away.
But I imagine that you’re not talking about that. I imagine you’re talking about the adoption of crypto. You are right, that it’s a greater leap than Wero. But I would also hesitate to call Wero an improvement over the existing system. Visa and Mastercard are problematic due to their scale. That is why their actions become oppressive. If Wero reaches the same scale, then what prevents Wero from censoring the same content? Visa and Mastercard already compete with each other, why did they cooperate to censor porn previously, and why wouldn’t Wero do the same?
The problem is centralization. Small central authorities having control over the world’s payment systems. Wero doesn’t solve that. Now I don’t mind incremental improvements, but as long as we recognize that the problem is centralization, then we should also be pushing for decentralization, and the only system we have that supports it (crypto).
That fails the point. Wero is good because it breaks open a duopoly and mitigates the risk that the US can bring the European economy to a halt via Visa/Mastercard.
More comoetition is good, monopolies aren’t. Nor would a Wero monopoly be.
From a strategic view Wero is extremely important for Europe. You are looking from a cery different view on the topic but that does not invalidate that other view per se.
My own views are that we need a balance of control and chaos. Both extremes have substantual downsides.