Its not the platform. You need the entire chain upstream. The platform, the servers behind it, the payment processor, even the domain registrars. We literally have to build an entire parallel system.
Yes 👍 this is the way. We need an ecosystem that circumvents all progressive shenanigans. We're going to need it when the world begins their 'great reset'
Paysafe could be an option for payment processing. They are deep into iGaming, which seemingly no other payment processor wanted to touch. I think that implies they are cool with being used for less conventional means. Going public in Q1 through SPAC BFT.
Edit: I believe Paysafe also issues the Coinbase card. So they are in the realm of crypto and online wallets, also. If anyone has followed PayPal and Square stock, you know the potential payment processors have.
Coins made of valuable metals is the pinnacle of payment technology. This computerized version is a poor substitute.
But what about online payments
Many will point to the current practice of buying online, which would be altered significantly if only metal coins were money. But all of your computerized payment options have the exact same problem, which is that payment for a transaction and perfection/completion of the transaction are separated. With coins, they’d send the goods and then hope you pay; with e-“solutions” you pay then hope they send you the goods.
The ideal form of commerce is a store. You go in, find the product you want, take it to the shopkeep and pay. Payment and perfection are nearly simultaneous, which is the ideal arrangement for all parties.
SPAC stands for Special Purpose Acquisition Company. They are set up with the intention of merging with established companies and taking them public. Kind of like an alternative to an IPO. BFT is the ticker of the SPAC that is merging with Paysafe and taking it onto the Nasdaq. BFT is owned Bill Foley, who is a very successful guy.
The only key thing here is payment processing. The rest can eventually be P2P distributed and serverless, but nothing works if money cannot be exchanged.
Payment processing is so controlled and incestuously intertwined with the government that I don't have the faintest where you would even start with building an independent financial institution.
Its not the platform. You need the entire chain upstream. The platform, the servers behind it, the payment processor, even the domain registrars. We literally have to build an entire parallel system.
Yes 👍 this is the way. We need an ecosystem that circumvents all progressive shenanigans. We're going to need it when the world begins their 'great reset'
Paysafe could be an option for payment processing. They are deep into iGaming, which seemingly no other payment processor wanted to touch. I think that implies they are cool with being used for less conventional means. Going public in Q1 through SPAC BFT.
Edit: I believe Paysafe also issues the Coinbase card. So they are in the realm of crypto and online wallets, also. If anyone has followed PayPal and Square stock, you know the potential payment processors have.
Coins made of valuable metals is the pinnacle of payment technology. This computerized version is a poor substitute.
Many will point to the current practice of buying online, which would be altered significantly if only metal coins were money. But all of your computerized payment options have the exact same problem, which is that payment for a transaction and perfection/completion of the transaction are separated. With coins, they’d send the goods and then hope you pay; with e-“solutions” you pay then hope they send you the goods.
The ideal form of commerce is a store. You go in, find the product you want, take it to the shopkeep and pay. Payment and perfection are nearly simultaneous, which is the ideal arrangement for all parties.
Whats SPAC BFT?
SPAC stands for Special Purpose Acquisition Company. They are set up with the intention of merging with established companies and taking them public. Kind of like an alternative to an IPO. BFT is the ticker of the SPAC that is merging with Paysafe and taking it onto the Nasdaq. BFT is owned Bill Foley, who is a very successful guy.
https://en.wikipedia.org/wiki/William_P._Foley
Thanks Pede for the explanation. Sounds great, but i can't buy stocks ... too small though. Maybe there is a possiblity to buy crypto.
Oh, we do have the rare earths for our needs.
Compared to other deposits around the world? You're right - we're not so blessed as other areas.
The US, though, ties its own hands by using the EPA to place those deposits off-limits, forcing us to be reliant upon our enemies for rare earths.
Again, the alphabets are not our friends...
On the surface, yes.
But when your sources are China or China-controlled African sources, it makes no sense.
Hence President Trump’s interest in Greenland.
Ok then. Let's start.
The only key thing here is payment processing. The rest can eventually be P2P distributed and serverless, but nothing works if money cannot be exchanged.
Payment processing is so controlled and incestuously intertwined with the government that I don't have the faintest where you would even start with building an independent financial institution.