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by shuntress 850 days ago
If only there were some kind of system or network of long-standing institutions with a deep commitment to paper-trails and accountability that was overseen by some kind of community-managed regulation to control this type of thing.
2 comments

Glad I'm not the only one who is thoroughly tired of this second coming of the financial system except with bonus insane energy waste and an absolute obliteration of consumer protections at seemingly every tier.

A security product built by people who have zero understanding of actual financial security and how financial crimes actually happen. Truly astonishing.

It turns out that with "electronic cash", the same as with physical cash, you do actually still need the banking system. Wow! Who could have ever guessed?
I feel the same exact way whenever I see a car crash:

"If only there was a mode or system of human transportation backed by long-standing institutions with a deep commitment to dirt trails and rideability that occurred at speeds which were safe for this type of thing."

*spits into spittoon*

I don't know what dirt trails and slow speeds have to do with trains and trolleys but I agree with you that we could drastically reduce motor vehicle accidents by re-building our systems of public transportation and walkable neighborhoods.