I learned recently FedNow is a payment processor ran by the Federal Reserve, with a fee of $0.043 per transaction. Making it much, much cheaper than every other payment processor out there.

It just launched two years ago; I'm wondering if this might become more of a thing moving forward for digital payments.

Criminals-enabling is what they call VPNs, E2EE encrypted communication etc.

more and more good people are being called criminals

Yep, but cryptocurrency isn't dictating what you can spend with it...yet at least. So if no government does anything to help us, then we must adopt a cryptocurrencies like Monero to fight back against censorship as nothing more than a private citizen.

Cryptocurrency is still dependent of a pyramid scheme and criminals-enabling.

As we all know, Visa and MasterCard have never been used by criminals. As soon as a criminal touches a card, the card turns into ash.

"We should restrict the free use of oxygen because terrorists can breath it to sustain themselves."

C'mon. Crypto has issues, but this ain't one of them. Pandering to people's fear is how fascist seize power for themselves and perpetuate the horrors we feared in the first place.

About the "nobody can take your money" part.

Etherium Classic exists because somebody hacked an extremely valuable wallet and funneled 13% of all eth into their wallet. The people who control the mining pools, (rich assholes) wanted that transaction reversed, so they hard forked. Classic is the main fork that didn't reverse that transaction. It's much less popular, despite being run by people who are demonstrably more principled.

Paraphrased from Dan Olson's video "line goes up" about crypto's history and affect on the world. Spoiler: it's a scam, and a tool for the wealthy to get even richer. Computing power can be bought with dollars.

I trust completely in the central bank to fight fascism. It is necessary. The central bank fights for the laborer, not the capitalist. The central bank fights for freedom, not authoritarianism. The central bank ensures democracy, not an oligarchy. Without a central bank, our entire society would be doomed to fall to fascism. A centralized currency is a major facet between a free society and one with a corrupt dictator surrounded by crooked cronies where the wealthy have all the power and the common man is reduced to crumbs.

The central bank is divine and good.

Regulation prevents that. You can’t regulate decentralized currencies, meaning you have zero protection 100% of the time.

Also the trump admin did abolish finality of payments.

Doesn't protect against:

• Social engineering
• Contract code vulnerabilities
• Untrustworthy/Compromised controlling stakes in that escrow, whether they be people or autonomous systems
• False reversal claims made against the escrow

It has the same possible issues for your financial sovereignty as a regular, centralized financial institution, plus technical issues with the way the underlying infrastructure is built.

Oh honey...

You're right. Those who scam everybody else get to really benefit from crypto. Much like MLMs.

I don’t have a credit card. If you pay per transaction, is there at least no monthly base fee?

The current Bitcoin transaction fee is $0.67.

For a ~60 minute confirmation target. It's $0.77 for a 20 minute confirmation target right now. The daily average is $1.03.

And lets not forget that the only reason the price is so low now is because people aren't competing much for those transactions. If people actually used bitcoin to buy games the transaction fee would increase significantly.

You only have to wait one hour for the transaction to be confirmed. It also takes a shit load of energy and is extremely inefficient compared to credit card payment processors. Woohoo!

I only buy games at $30 or cheaper. So that won't work for me 🤷‍♂️

Thanks for the tip, I'm putting all my life savings into it then.

This exists too

Yeah I'm using this cool new Lightning cryptocurrency, check it out.