Message from @paradigm

Discord ID: 520627894058352651


2018-12-07 15:46:11 UTC  

This is why crypto is the future. It's supposed to be used and traded as a currency, not stock.

2018-12-07 15:46:13 UTC  

Visa, Mastercard, and the banks are all hostile.

2018-12-07 15:46:20 UTC  

m not sure you are aware of the power that the state has - without court approval - over banks in some countries.

2018-12-07 15:46:24 UTC  

the intelligent point of interface is a contractual banking relationship

2018-12-07 15:46:28 UTC  

Blockchain.

2018-12-07 15:47:05 UTC  

for crypto to replace bank currency, the entire world would have to adopt it

2018-12-07 15:47:08 UTC  

Read back over the last hour of conversation...

2018-12-07 15:47:23 UTC  

Ik, but we can use crypto for donations.

2018-12-07 15:47:36 UTC  

It'll be worth it in the long run.

2018-12-07 15:47:45 UTC  

well, you have a point there @Heteronymus Bosch
I am not even going to attempt to solve the issues of oppression in the UK and EU
my interest is limited to enforcing the first amendment in the US

2018-12-07 15:48:20 UTC  

I know that you have small local banks in the US. I won't give away where I have lived, but I assure you they simply don't exist in *most* countries. And they are subject to state intervention without court approval.

2018-12-07 15:48:23 UTC  

I personally am of the belief, at this point that the Russian Federation is a better friend than the European Union.

2018-12-07 15:48:27 UTC  

the EU is tiny, just walk it.

2018-12-07 15:48:30 UTC  

Possibly even in the US after the patriot act.

2018-12-07 15:48:31 UTC  

Any payment processing institution, any institution where currency can be exchanged for another, is extremely risk averse. They will not deal with entities that they have been convinced are radical.

2018-12-07 15:48:31 UTC  

To the US

2018-12-07 15:49:10 UTC  

Read the ToS of any payment processor. Not just the big ones but the tiny ones who only work with one small bank. They all have endless rules about content.

2018-12-07 15:49:10 UTC  

Also, for it to be used effectively, the masses have to adopt it

And the masses listen to the established order

2018-12-07 15:49:12 UTC  

has anyone else here ever actually implement a payment processing system or dealt with financial institutions?

2018-12-07 15:49:16 UTC  

Yes

2018-12-07 15:49:22 UTC  

ok

2018-12-07 15:49:26 UTC  

why not ach

2018-12-07 15:49:43 UTC  

wow yt rewind has 2.1m dislikes 😛

2018-12-07 15:49:45 UTC  

You would not believe the rules they have. Things that have absolutely nothing to do with moving money.

2018-12-07 15:49:58 UTC  

then get another bank

2018-12-07 15:50:04 UTC  

https://cdn.discordapp.com/attachments/463054787336732683/520628069132664832/Screenshot_20181207-093658_Twitter.png

2018-12-07 15:50:18 UTC  

So what are the ideological criteria for an ACH originator then?

2018-12-07 15:50:23 UTC  

none

2018-12-07 15:50:26 UTC  

that's the point

2018-12-07 15:50:38 UTC  

ACH is an electronic transfer of funds from one account to another

2018-12-07 15:50:46 UTC  

banks provide this as a service to their clients

2018-12-07 15:50:49 UTC  

under contract

2018-12-07 15:51:00 UTC  

so sign the contract you want to sign

2018-12-07 15:51:04 UTC  

I think Atkins just claimed that there are.

2018-12-07 15:51:05 UTC  

there are thousands of banks

2018-12-07 15:51:17 UTC  

In the US.

2018-12-07 15:51:19 UTC  

pick one that works

2018-12-07 15:51:21 UTC  

yes, in the US

2018-12-07 15:51:24 UTC  

Not elsewhere.

2018-12-07 15:51:30 UTC  

the UK and EU are a lost cause

2018-12-07 15:51:39 UTC  

I wonder if Tim is subscribed to pewdiepie