WalnutLum

joined 2 years ago
[–] WalnutLum@lemmy.ml 34 points 1 week ago (4 children)

https://www.congress.gov/bill/119th-congress/house-bill/1919

This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar). Further, the Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.

Oh come the fuck on what. So the plan is to hand stable dollar digital payments entirely to private entities. Super Cool.

[–] WalnutLum@lemmy.ml 1 points 1 week ago (2 children)

Hydrogen is more dangerous than gasoline if it leaks

I'd love to see a source on that.

This Report by the US department of energy says otherwise.

[–] WalnutLum@lemmy.ml 6 points 1 week ago (1 children)

Again, the issue is this is an American company setting American content policy internationally.

Storefronts and brands can set up local branches and sell through those using the local digital payment provider without getting in trouble with their headquarter'd country. They can't do that with a private entity that's decided to set their global content policy to align with America's.

[–] WalnutLum@lemmy.ml 0 points 1 week ago

Wed probably be in a similar place, but the advantage of a private entity being that it can bridge the already existing digital payments, so if a store big enough like steam had the option to, they could integrate with that country's digital payments directly.

[–] WalnutLum@lemmy.ml 9 points 1 week ago (3 children)

True to some degree if you're an American, but this is Visa setting internal policy for American politics, and that reflecting globally.

Not every country has the same laws or politics that the US does.

[–] WalnutLum@lemmy.ml 4 points 1 week ago (2 children)

You didn't say "most" on your original post. You might want to edit it if that's what you meant.

[–] WalnutLum@lemmy.ml 4 points 1 week ago (9 children)

? You can get Hydrogen through simple water electrolysis. In fact you can do it at home. That's like how 4% of all hydrogen is manufactured.

[–] WalnutLum@lemmy.ml 24 points 1 week ago* (last edited 1 week ago) (2 children)

The reason there's so few is because people don't want to have to figure out beforehand whether or not they can use the payment provider they have at the store they want to go to.

I've seen this happen multiple times especially in Japan when the barcode payment craze started. There were like 13 competing payment providers and now there are 2. Because people don't want to have to carry around 13 different types of card or payment types and have 13 different types of payments. They want one that works everywhere.

It's why there needs to be sovereign digital payment systems that are legally enforced.

[–] WalnutLum@lemmy.ml 53 points 1 week ago (11 children)

Visa continues to set the world's content moderation policies extra-judicially.

Go figure having all electronic payments be through private companies would have eventual consequences.

[–] WalnutLum@lemmy.ml 18 points 1 week ago (2 children)

I thought Trump and the project 2025 gang's entire goal was the devaluation of the dollar.

[–] WalnutLum@lemmy.ml 4 points 1 week ago

Find out who on your block can’t walk because you’re going to have to deal with that. Who has wheelchairs? Who has fire extinguishers? Where is the available water? Do you have batteries or generators? Start assessing the routes of escape. You’re going to have to inventory your community, and that’s really what we have to start doing now.

This feels even more disheartening combined with the news that subsequent generations get lonelier and lonelier. Are they even going to have the social ability to build local communities?

[–] WalnutLum@lemmy.ml 3 points 3 weeks ago

JAXA remains my favorite of the big three (western) space agencies to visit the facilities for.

They have the same love and wonder for space that the NASA facilities had when they were built, but without the military undertones.

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