You all know how hard I pound the table about using services of your enemies, and how crazy it makes me.
Well, I am subscribed to KiwiFarms founder J0sh on X, and he posted this:
original: https://x.com/XJosh/status/1919476240617996716
archive: https://archive.is/xU11p
"The irate black woman trying to debank @GiveSendGo says they're trying to switch to Stripe, as Square may have already decided to ban them."
I was eating lunch, and damned near spit out a mouthfull of food after reading that.
I swear, the right deserves to get their heads bashed in as often as they do, if they keep doing stupid shit like using either Square or Stripe.
For f*** sake, Stripe just de-platformed Odysee a few months ago over content, THEY ARE A HOSTILE PLATFORM, but GSG thinks they will somehow be able to thread the needle?
Actually, what they should do is make it illegal for companies to not accept cash and to not pay their employees in cash if employees ask to be paid in cash.
That’s not a terrible idea either, but the debanking thing is still important for any internet service. Do you really want to live your life mailing envelopes full of cash around any time you want to buy something online? Even if you’re some kind of ascetic or local only champion, most people aren’t (and nor should they need to be).
I don't really like the idea of forcing companies to have to take on clients they don't want tbh.
Yes, if absolutely no bank will accept you then you should mail in cash for online purchases and yes that means online companies should have to accept this.
On another note, absolutely no bank should ever receive government help or bailouts.
I would be willing to accept that if a bank is deemed "systemically important" then it must accept all clients no matter what. Smaller banks should be able to turn people away. This at least gives these large banks the option to self split up the company into smaller companies if they want to be able to turn people away.
That's what credit unions are for. Credit unions can discriminate who can be a member and what their financing is used for.
I agree with what you’re saying in principle, but in practice there are certain types of institutions that have so much indirect influence over modern life that I think some regulation is required. I mean, should you be able to “de-electrify” someone? “De-water” them? The utilities already have these regulations. I think this is one of those moments where pure libertarian ideals need to bow to certain realities.
AML, KYC and other laws are used interfere with that.
Well, then we obviously need to get rid of these AML and KYC laws.