Post AscMYFrVqlB6mRlszg by g_boccia@mastodon.uno
(DIR) More posts by g_boccia@mastodon.uno
(DIR) Post #Asaz9WdxpNGhU3iHey by williampietri@sfba.social
2025-03-30T21:54:53Z
3 likes, 4 repeats
In the 15+ years people have been promoting blockchains, this flowchart remains undefeated.
(DIR) Post #Asb1ALQPDvnkt5tETA by idiot@shitposter.world
2025-03-30T23:53:37.543748Z
0 likes, 1 repeats
@williampietri >15+ yearsBeg your pardon?
(DIR) Post #Asb9Ylfy4e8st3KGMy by docpop@mastodon.social
2025-03-30T23:35:16Z
0 likes, 1 repeats
@williampietri
(DIR) Post #Asb9YmWmuGORWs2RhQ by wjmaggos@liberal.city
2025-03-31T01:27:22Z
0 likes, 0 repeats
@docpop @williampietri I think that's true but I also want to do it without a middleman. Transfer money easily. Like email. Someday soon hopefully with @Interledger perhaps. But I'd still rather use what we've already got over crypto.
(DIR) Post #AsbBW0rvKZAx2vjS7s by Nimbius666@comp.lain.la
2025-03-30T22:24:56.080242Z
1 likes, 0 repeats
@williampietri "if there are followup questions I have prepared another room, with a separate projector, and the exact same slide, to replay whilst I finish a book."
(DIR) Post #AsbGoNGzGpajW01vai by dimpase@mathstodon.xyz
2025-03-31T02:48:32Z
0 likes, 0 repeats
@wjmaggos @docpop @williampietri @Interledger it's an exclusively US banking bug - problems with bank transfers. Europe and at least parts of Asia are doing fine with this, no blockchains etc needed. Crypto is only great for money laundering, otherwise, what's the point? Crypto is a more expensive way to transfer funds.
(DIR) Post #Asbe2rhZERIAt7LEMC by manux@mastodon.opencloud.lu
2025-03-31T07:08:53Z
0 likes, 0 repeats
@wjmaggos @docpop @williampietri @Interledger After carefully considering all the angles, I want exactly as many middlemen as possible. It is the only way to minimise frauds and revert thefts in most cases. Security over convenience, always.
(DIR) Post #Asc9zAsnAkP7kfsMLo by williampietri@sfba.social
2025-03-31T12:00:45Z
0 likes, 0 repeats
@manux @wjmaggos @docpop @Interledger Yes, as more than a decade of heists has demonstrated, cryptocurrency's lack of reversibility and traceability, sold as convenience and freedom, primarily enables crime. I'd be much obliged if people kept their libertarian fantasies onanistic in scope and out of our shared financial system.
(DIR) Post #Asc9zCOjXTY4S1pNmC by wjmaggos@liberal.city
2025-03-31T13:06:46Z
0 likes, 0 repeats
@williampietri @manux @docpop @Interledger agreed. but the decentralized middlemen of banks work. like fedi servers. the centralized middlemen of PayPal, Venmo etc suck but dominate. I just want a protocol to make transferring money work more like fedi than Facebook etc. maybe we weaken the power of credit card companies in the process. and stop empowering sites like Amazon by storing our billing info with them.crypto is like everybody keeping gold and cash under their mattress.
(DIR) Post #AscBpv9mTJ0YHSXNVA by williampietri@sfba.social
2025-03-31T13:27:33Z
0 likes, 0 repeats
@wjmaggos @manux @docpop @Interledger In the middle of dealing with a bunch of blockchain loons is not the best time to approach me with very similar libertarian fantasies.But my short answer is: The Fediverse *barely* works at ~1% of the traffic levels of a modern social network. And it only continues to work because it's not very lucrative for spammers.Banks are, yes, somewhat decentralized, but they are backed by a number of dedicated centralized organizations and systems. Compare with the wildcat banking era if you want to see what truly decentralized banking looks like.If actual money were flowing through something like the Fediverse, it would be a piñata for everybody from script kiddies up to rogue nations. I too have a raft of issues with large corporations, but moving money is the single worst place for open-source dilettantes to indulge their naivete.
(DIR) Post #AscMYFrVqlB6mRlszg by g_boccia@mastodon.uno
2025-03-31T15:27:32Z
0 likes, 0 repeats
@wjmaggos @williampietri @manux @docpop @Interledger Well, a platform that allows different institutions to transfer money sounds kind of familiar... https://en.wikipedia.org/wiki/Single_Euro_Payments_AreaSure, there are governing bodyes, but this doesn't make it a megacorporation.
(DIR) Post #AsckiU0UVpyMRgNgLw by wjmaggos@liberal.city
2025-03-31T19:58:27Z
0 likes, 0 repeats
@g_boccia @williampietri @manux @docpop @Interledger I'm fine with this kind of govt centralization.The US has an ACH (automatic clearing house) system where banks have a routing number and then we have account numbers. What I don't get is why we can't modernize this into something like a username/domain to make transferring money like sending an email. then let us build that into apps. also #FedNow is starting up.do other countries have this? could we have an international system?
(DIR) Post #AscmWontZ3NVNZ3TCi by dimpase@mathstodon.xyz
2025-03-31T20:18:40Z
0 likes, 0 repeats
@wjmaggos @g_boccia @williampietri @manux @docpop @Interledger EU/EEA, and beyond (e.g. Ukraine, Israel,...), 87 countries in total, have International Bank Account Numbers (IBAN). If your bank supports transfers to IBAN, and I gather all the banks which allow incoming IBAN also allow outgoing ones, you can send money to an IBAN account from your (internet, or not) banking system. In many countries only transactions using IBAN are supported.
(DIR) Post #AscnNi6jBvlbxW5JIW by wjmaggos@liberal.city
2025-03-31T20:28:19Z
0 likes, 0 repeats
@dimpase @g_boccia @williampietri @manux @docpop @Interledger awesome. so the US should join IBAN. I'd love to see the screens of two people using different banking apps transferring money to each other, and hear from somebody who has programmed for that system.
(DIR) Post #Asde3dP2Gjdx98xaZk by manux@mastodon.opencloud.lu
2025-04-01T06:18:27Z
0 likes, 0 repeats
@wjmaggos @dimpase @g_boccia @williampietri @docpop @Interledger auch, it is so normal to me that I didn't even think it was not the same everywhere. I have been transferring money with just the iban code for at least 10 years now. For free and since two years, instantly.
(DIR) Post #Asdp0MEkjYDCXCn4M4 by williampietri@sfba.social
2025-03-31T00:57:59Z
0 likes, 0 repeats
I didn't realize there were any blockchain fans left! They may be few in number but they are as tiresome and blockworthy as they ever were.
(DIR) Post #Asdp0Nkh6HM9EYk5mS by amiserabilist@beige.party
2025-03-31T07:00:15Z
0 likes, 1 repeats
@williampietri