The future of fiat money and payments networks 🧵nitter.at/wlrvs/status/1601318315799941120
85 sats \ 2 comments \ @cryptocoin 11 Dec 2022 bitcoin
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25 sats \ 0 replies \ @02405aafd2 7 Jan 2023
Just as we’ve been building, they’ve been building. Here’s the future of fiat money and payments networks
Is this a marketing exercise for the slow and flabby oligarchs and monopolists of the existing system. They make glacial progress, because for them, everything is fine and competition non-existent, or at least it was. Now a few parochial systems offer meagre improvements, in a few years, for the banked is supposed to be impressive?
They appear to be leveraging the competition by exaggerating the threat and introducing surveillance technology that would otherwise only be acceptable in authoritarian regimes to "protect the public."
What a joke we are.
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0 sats \ 0 replies \ @cryptocoin OP 11 Dec 2022
The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:
We often compare the Bitcoin & Lightning network to fiat payment networks— but those comparisons often reference the state of fiat technology and UX a decade ago.
Just as we’ve been building, they’ve been building. Here’s the future of fiat money and payments networks 👇
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