Maybe the idea of BTC was fine. What wasn’t fine is the idea of mining.
And maybe payments over the Internet or over PSTN are fundamentally different from messaging, conferencing, downloading files, all that stuff.
But what’s important is the ability to pay for a service with something resembling cash IRL in the sense that an ATM machine from which you took that cash can’t take it back because you are paying for an adult journal with it.
But at the same time how can there be so few payment processors that they can affect a platform’s decision to do a kind of business?
That’s where we should look. Why is it hard to be a payment processor.
That “treated like a utility” approach involves reliance upon the state, which is sometimes controlled by the hostile parties. This is what I don’t like in Internet political discussions, such solutions feel as if they assumed that you make it good once and it remains good.
Maybe the idea of BTC was fine. What wasn’t fine is the idea of mining.
And maybe payments over the Internet or over PSTN are fundamentally different from messaging, conferencing, downloading files, all that stuff.
But what’s important is the ability to pay for a service with something resembling cash IRL in the sense that an ATM machine from which you took that cash can’t take it back because you are paying for an adult journal with it.
But at the same time how can there be so few payment processors that they can affect a platform’s decision to do a kind of business?
That’s where we should look. Why is it hard to be a payment processor.
Payment processing should be treated like a utility.
That “treated like a utility” approach involves reliance upon the state, which is sometimes controlled by the hostile parties. This is what I don’t like in Internet political discussions, such solutions feel as if they assumed that you make it good once and it remains good.
It doesn’t necessarily mean it needs to be ran by the state.