Here, I’m talking FinTech specifically, but this applies to most other industries, too…
There’s a (very large, publicly-owned) transaction platform and online payment provider shutting down in Australia, next month. It started in 2006, and was useful because it allowed you to avoid card surcharges and bank fees. It was particularly useful for large, instant payments like for flights.
Why is it shutting down? Not because of a security breach, or any issues within the product itself, but because the Big 4 banks here want to kill off their competition, and have forcibly removed the ability for their customers to use the service. They then followed this up with relentless paid propaganda around “security” and how the system is “outdated, so use our in-house product instead”.
I encountered something similar from my bank, recently, while looking at overseas travel cards…
Yet millennials and zoomers lap up the propaganda, just like they do against cash, and think that anyone who still uses these products is a “tech illiterate boomer”. They actively called for the banning of the service I mention, because their banks told them “It bad. Trust us instead.”
Yet these same stupid fucks will happily sign all their private info and banking over to social media companies and shitty crypto exchanges, because “tech”, and shiny new thing, so must be good…
The Kool Aid sure is strong, with my generation and younger, smh… 😑
Can’t wait until we all get de-banked for not being woke enough, and then have no alternatives because we allowed them to develop monopolies on our finances, lol…
Meanwhile I'm over here as a millenial ass deep in technology as my goddamn profession and the only reason I jettisoned my original flip phone for a stripped down flip phone that can't access the internet is because they literally took away the 3G network.
New technology is shit on a number of levels. I was discussing this with my coworker today and he was telling me how people actually seek out farm equipment that's 40 years old because it runs better and lasts longer than anything you can buy brand new on the market right now. I'm sure that problem is more widespread than we're aware of and it doesn't sit well with me.
Old farm equipment can also be repaired. Modern shit has every part with a unique identifier and if you so much as replace a belt the whole thing will refuse to fucking work because you didn't go to an approved repair shop that'll gouge you.
is that what the hoopla around John Deere is?
Basically. John Deere isn't the only company that does it, but they're the best known. They also use proprietary tools and fasteners that require specialized tools to undo.