this post was submitted on 29 Feb 2024
65 points (95.8% liked)
Technology
58451 readers
5846 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I think the one aspect that has the potential to kill the whole concept is the limit on how much one person can own. There would be little to no point in using it, since the potential advantage of no fees or bank nonsense is more than offset by the inconvenience of not being able to get my salary in it.
If there is no limit, we basically nationalized commercial banking, or at least eliminated the concept of banks providing convenience as opposed to interest as a service. I'm not sure if that's a bad idea, given that we seem to have a major debt crisis every ten years, usually stemming from insane lending from banks. Maybe not all at once though. My uneducated opinion is that it would be great if we could impose a limit, and gradually raise it until it reaches a point where it is meaningless.