Fair Access to Financial Services (OCC-2020-0042-0001)

1) Banks are private businesses. More government is never the solution. Just establish a credit union if you're ass-blasted at the currency changers.
Banks are basically run by the government. If it were possible to run your own bank, I would agree with you, but they are way too regulated. It is not feasible to start Kiwi Financial Services, LLC.
2) Jews run both the banks and the government institutions regulating them. Jews will never allow fair competition to harm their shekel collecting.
This is why they have to be regulated, and why bringing the competition free is not possible. The banks would still be able to collect shekels, but they'd have to do so for everyone equally.
3) World economy is going to collapse completely within five years due to the unrestricted printing of fiat currency during 2020. Thus, all of this is irrelevant anyways.
No. You can accept fiat payments, and instantly convert to Bitcoin.
 
It is not possible to start your own payment network.

1. It is millions of dollars just to get permits in each state to run a bank.
2. Your payment network requires users which you compete for with existing goliaths MC, VC, Amex, Discover.
3. These customers get cards from their issuing banks, which have contracts with those networks, so a bank will not issue both MasterCard and KiwiCards, and definitely not dual-purpose cards that run on either network.
4. Further, larger banks also run the payment processors, which have contracts with all payment networks. It's about a 45/45/5/5 breakdown for MC/VC/Amex/Disco. Stripe/Authorize.Net could not afford to lose a single one of those, so onboarding new payment networks which could jeopardize their business relations with larger networks is out of the question.
5. Finally, for the reasons mentioned in #4, even after KiwiCard is an established, respected, viable payment network -- it does not matter, because payment processors will have to abide by agreements with the other networks anyways. If MasterCard says Kiwi Farms has to go, it doesn't matter if KiwiCard doesn't want them to go, it will go.

You cannot, absolutely can not, fix this through deregulation. The only fixes are widestream adoption of unregulatable, decentralized cryptocurrencies or appropriate regulation of these monopolies.
 
It is not possible to start your own payment network.

1. It is millions of dollars just to get permits in each state to run a bank.
2. Your payment network requires users which you compete for with existing goliaths MC, VC, Amex, Discover.
3. These customers get cards from their issuing banks, which have contracts with those networks, so a bank will not issue both MasterCard and KiwiCards, and definitely not dual-purpose cards that run on either network.
4. Further, larger banks also run the payment processors, which have contracts with all payment networks. It's about a 45/45/5/5 breakdown for MC/VC/Amex/Disco. Stripe/Authorize.Net could not afford to lose a single one of those, so onboarding new payment networks which could jeopardize their business relations with larger networks is out of the question.
5. Finally, for the reasons mentioned in #4, even after KiwiCard is an established, respected, viable payment network -- it does not matter, because payment processors will have to abide by agreements with the other networks anyways. If MasterCard says Kiwi Farms has to go, it doesn't matter if KiwiCard doesn't want them to go, it will go.

You cannot, absolutely can not, fix this through deregulation. The only fixes are widestream adoption of unregulatable, decentralized cryptocurrencies or appropriate regulation of these monopolies.
With deregulation, you could just have normal, direct payment systems. Most non-American countries already have such instant direct bank transfers, even in Africa (M-pesa).

I've paid for stuff online by such bank transfer, it was easier than paying by card. The only requirement to be able to receive such transfers is to have an account at a big bank. Even neo-Nazi political extremists can receive such funds, unless they are totally blacklisted from banking.

If banking were totally deregulated, you could probably have something like SWIFT, but instant and with much lower fees.

(I'd also encourage you to set up donation links using such exchanges through Bitcoin - European users could donate in <5 minutes without bothering to "learn crypto" if that were the case)
 
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Banks are basically run by the government. If it were possible to run your own bank, I would agree with you, but they are way too regulated. It is not feasible to start Kiwi Financial Services, LLC.

This is why they have to be regulated, and why bringing the competition free is not possible. The banks would still be able to collect shekels, but they'd have to do so for everyone equally.

No. You can accept fiat payments, and instantly convert to Bitcoin.

Seems pretty simple to get started to me . . .

Also, pick one, dumb-dumb. Either the banks are too regulated, or they need more of it.

As for cryptocurrencies, they aren't backed by anything either, they're even less stable than government fiat money. You can't use bitcoin to purchase food at the store or ammunition at the range, and it only has value because it can be turned back into real-world monopoly money. Once the monopoly money has no value, the bitcoin will have no value. And before you start arguing that you can purchase goods and services online, remember that we're entering a period of increased solar flare activity meaning that the power grid is going to completely fail frequently with no warning.

Your cryptocurrency is only viable as long as real world money has value and you can access the internet. And honestly, the first time the internet crashes, your bitcoin will probably vanish.
 

Seems pretty simple to get started to me . . .
It isn't. Banking is heavily regulated. Even if credit unions were totally unregulated, how would you get correspondent accounts?
Also, pick one, dumb-dumb. Either the banks are too regulated, or they need more of it.
Either one is fine. Either you totally regulate them and have them follow the same standards as the government (OK), or you totally deregulate them, so anyone can start one. No half measures.
As for cryptocurrencies, they aren't backed by anything either, they're even less stable than government fiat money. You can't use bitcoin to purchase food at the store or ammunition at the range, and it only has value because it can be turned back into real-world monopoly money. Once the monopoly money has no value, the bitcoin will have no value.
Which monopoly money? If the dollar crashes, you can still trade Bitcoins for CNY, and so on.
Your cryptocurrency is only viable as long as real world money has value and you can access the internet. And honestly, the first time the internet crashes, your bitcoin will probably vanish.
If you have a total societal collapse, you have a total societal collapse. This is vacuously true. If the Internet vanishes, you will not be able to access this website either.

At any rate, it would be equally possible to spend the collected fiat funds on gold, bonds, or whatever other investment is deemed prudent. The point is that you only need a way to transfer money from point A to point B; you do not need to keep it in the same format after the transfer.
 
With deregulation, you could just have normal, direct payment systems. Most non-American countries already have such instant direct bank transfers, even in Africa (M-pesa).
We could have that right now. We don't. The federal government is supposedly working on an IBAN style direct transfer system to be ready by 2024, but we'll still have payment processors.
 
We could have that right now. We don't. The federal government is supposedly working on an IBAN style direct transfer system to be ready by 2024, but we'll still have payment processors.
China Joe and the establishment are owned by the Kikes. Nothing is changing.
 
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Name one time anarchy hasn't been so shit people immediately formed a pseudo government the first chance they got.
Government is a necessary evil for a functioning society. However, it must be opposed and challenged at every turn lest it turn into byzantine bureaucracy that accomplishes nothing except it's own enrichment. The issue isn't the existence of government, but morons expecting government to solve problems for them.
 
Thank you for explaining how sometimes more government helped people.
Actually name an example. The presence of government itself doesn't inherently make things better.

The very nature of government, requiring the sacrifice of treasure to maintain it's existence, is a burden that makes life worse for those who subsidize it's existence. Government is only ever a bulwark reducing the speed at which things deteriorate. It has never and will never make things better.

Implemented racial segeregation.
Allowing multiple races to co-exist within the same region eventually resulted in integration and regression as the people ceased moving forward and began acting like cavemen bickering for the benefit of their specific tribe.

By only enacting the half-measure of segregation instead of expulsion, the government once again failed. Nice try, though.
 
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Actually name an example. The presence of government itself doesn't inherently bake things better.

The very nature of government, requiring the sacrifice of treasure to maintain it's existence, is a burden that makes life worse for those who subsidize it's existence. Government is only ever a bulwark reducing the speed at which things deteriorate. It has never and will never make things better.
You did, getting rid of anarchy, which simply entails creating laws and regulations on what people can an cannot do to eachother (for example outlawing rape, murder and theft) and then enforcing these laws and regulations.

Unless you think anarchy is good, you can't say more government is always bad.
 
You did, getting rid of anarchy, which simply entails creating laws and regulations on what people can an cannot do to eachother (for example outlawing rape, murder and theft) and then enforcing these laws and regulations.

Unless you think anarchy is good, you can't say more government is always bad.
That isn't a net positive. Government only breaks even when enacting laws. Lawmakers must be paid, and this requires the extraction of sweat and treasure from the population, thereby leaving them with less than the fruits of their labor. This does not make people's lives better. Once people start refusing to follow the demands of government, the judicial branch is formed, requiring the forcible surrender of more treasure from the people. All government ever does is slow down the pace at which things become worse. It never makes them better.

By merely existing as a human, no one has the right to take from your or enact violence upon you. Your defense and safety are inherent rights you have and it is up to you to preserve them, not the government.
 
That isn't a net positive. Government only breaks even when enacting laws. Lawmakers must be paid, and this requires the extraction of sweat and treasure from the population, thereby leaving them with less than the fruits of their labor. This does not make people's lives better. Once people start refusing to follow the demands of government, the judicial branch is formed, requiring the forcible surrender of more treasure from the people. All government ever does is slow down the pace at which things become worse. It never makes them better.
It literally does make it better. Anarchy is a worse state than 99% of societies with a state. You add government to anarchy it gets better.
Your defense and safety are inherent rights you have and it is up to you to preserve them, not the government.
The government is simply me outsourcing the protection of my rights. If you don't consent to outsourcing the protection of your rights to the same government, thats great! You can immigrate to a different country with a government you like then. If you can't find a government you like, start your own country.
 
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