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272 sats \ 0 replies \ @Majjin OP 18 Aug 2022
FedNow doesn't come out until 2023.
Bitcoin has been doing 24/7 payments since 2009 and instant, 24/7 payments since at least 2018. Not to mention Bitcoin is decentralized and not reliant on government and bank bureaucracy to function.
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100 sats \ 0 replies \ @cryptocoin 18 Aug 2022
Fintech services like PayPal, and Cash App have a "instant" method already which pushes funds through a payment as a debit card transaction (like a refund from a merchant would, but instant).
https://cash.app/help/us/en-us/3073-cash-out-speed-options
I suppose this FedNow would be cheaper.
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170 sats \ 1 reply \ @nerd2ninja 18 Aug 2022
Its all fun and games until you declare your sql database legal tender...and then it gets hacked:
https://en.wikipedia.org/wiki/2015%E2%80%932016_SWIFT_banking_hack
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16 sats \ 0 replies \ @Majjin OP 18 Aug 2022
I knew that digital fiat - and fiat in general - was a bad idea. Now that you put it that way, it sounds like a blitheringly stupid idea lmao
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150 sats \ 0 replies \ @sb 18 Aug 2022
My local county government building still uses Windows XP. It's hardly shocking that they're over a decade behind on innovation. 🤣
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827.1k sats \ 7 replies \ @tech5 18 Aug 2022
They are 13 years too late.
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1574 sats \ 3 replies \ @F 18 Aug 2022
squints eyes at number of tipped sats
squints again
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2590 sats \ 1 reply \ @Majjin OP 18 Aug 2022
Yeah that's either a bug or someone's rolling in sats
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3584 sats \ 0 replies \ @F 18 Aug 2022
My man's giving away full bitcoins out here.
Satoshi, is that you?
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30 sats \ 0 replies \ @DeezSats 19 Aug 2022
Looks like it hit some limit. I couldn't add to the pile when I tried.
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116 sats \ 1 reply \ @ken 19 Aug 2022
The Fed is creating another bullshit ledger, as we've had thousands of times before. Reversible transactions, corruptible money.
There is only one bitcoin.
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5 sats \ 0 replies \ @allark 19 Aug 2022
It is how they exert control. :)
Tommy from https://AllArk.io
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0 sats \ 0 replies \ @Wil 19 Aug 2022
You can create digital scarcity only once â‚¿
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144 sats \ 0 replies \ @fiatjaf 19 Aug 2022
They made this thing in Brazil, called it "Pix", made all commercial banks implement it and started advertising it everywhere, and now it is the default way to pay for everything and to transfer money, everything monitored directly by the central bank.
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107 sats \ 0 replies \ @faithandcredit 18 Aug 2022
We wanted to EndTheFed but instead we got FedNow
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106 sats \ 0 replies \ @jp 19 Aug 2022
I have spoken to people who are working on FedNow and say that it has very slow adoption and is somewhat of a disaster.
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56 sats \ 4 replies \ @allark 18 Aug 2022
Fed is short for FedUp with this shit :)
Tommy from https://allark.io
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0 sats \ 3 replies \ @Brunswick 18 Aug 2022
5% premium? I don't think so...
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15 sats \ 2 replies \ @allark 19 Aug 2022
Please don't state incorrect information. Our premiums are from 0% to a max of 3.5%. We source pricing from the official BTCpayserver. :)
Tommy from https://allark.io
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0 sats \ 1 reply \ @Brunswick 19 Aug 2022
When I checked, it was about 5% off of market. Sorry, not trying to misrepresent you but I saw what I saw. I'll check again tomorrow
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0 sats \ 0 replies \ @allark 19 Aug 2022
Appreciate it.
It also depends on which exchange you refer vs which one BTCPayserver refers by default. :)
Tommy from https://allark.io
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0 sats \ 0 replies \ @DeezSats 19 Aug 2022
You simply cannot get widespread adoption with a name like FedNow. The American government (I know, the Fed is not the gov) will not be able to pull it off, just like they can't build high speed rail or rockets or water desalination plants.
The only way they could pull it off is to merge with and put Big Tech in charge. But that would require some even more outlandish propaganda than they have already done, to sell/dupe the American people, as well as the rest of the world, if they want to maintain reserve currency status. All while their credibility (and therefore legitimacy) is dwindling by the day.
Basically, they are fucked and their cantillionaire days are numbered.
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0 sats \ 0 replies \ @satup 19 Aug 2022
lightning network is ready for them
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0 sats \ 0 replies \ @ThrillerX_ 19 Aug 2022
cyber pandemic imminent atp
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