4 ms·
> People are just hell-bent on re-learning 200 years of banking history firsthand. Maybe just the last 109 years https://en.wikipedia.org/wiki/Federal_Reserve_
by CrazyPyroLinux 4y ago
> People are just hell-bent on re-learning 200 years of banking history firsthand.
Maybe just the last 109 years
https://en.wikipedia.org/wiki/Federal_Reserve_Act https://en.wikipedia.org/wiki/Federal_Reserve_Act
Or just the last 79 years
https://en.wikipedia.org/wiki/Gold_Reserve_Act https://en.wikipedia.org/wiki/Gold_Reserve_Act
Or just the last 51 years
https://en.wikipedia.org/wiki/Nixon_shock https://en.wikipedia.org/wiki/Nixon_shock
Or just the last 15 years
https://en.wikipedia.org/wiki/Quantitative_easing#United_States https://en.wikipedia.org/wiki/Quantitative_easing#United_Sta...
Or just the last 2 years
https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL
Or just the last 1 year
https://www.washingtontimes.com/news/2021/oct/19/democrats-scale-back-600-irs-disclosure-after-back/ https://www.washingtontimes.com/news/2021/oct/19/democrats-s...
Or just the last 6 months
https://www.businessinsider.com/trudeau-canada-freeze-bank-accounts-freedom-convoy-truckers-2022-2 https://www.businessinsider.com/trudeau-canada-freeze-bank-a...
https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/ https://www.whitehouse.gov/briefing-room/presidential-action...
Or just the last week
https://www.forbes.com/sites/robertwood/2022/08/11/irs-to-add-87000-new-agents-more-crypto-tax-enforcement/ https://www.forbes.com/sites/robertwood/2022/08/11/irs-to-ad...
Maybe BTC isn't the answer, but there are some real downsides to "standard banks and payment processors."