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A comment on Community Banking and Fintech. Parent comment

Re:Community Banking and Fintech by _-david-_ on Sunday October 24, 2021 @11:40PM (#28984291)
>Lending can still be franchised out, but there's nothing interesting about running a big RMDBS that it shouldn't be a state monopoly

I don't want the government to own all banking. The government would know even more about our transactions. They already have a massive amount of information when it comes to banking, let's not give them everything.

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Re:Community Banking and Fintech by lmm on Monday October 25, 2021 @04:13AM (#28985525)
The government at least has some accountability - FOIA, anti-discrimination laws, and the like. Better them than the likes of Experian.
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Re:Community Banking and Fintech by Ericson2314 on Monday October 25, 2021 @02:30PM (#28991383)
Then you should look up https://mronline.org/2021/07/01/digital-money-beyond-blockch....

Putting our transaction data in a gazillion different RMDBs run by private companies looking to curry favor with law enforcement is no solution. In fact, State accounts are better because the Federal Reserve has far less reason to give a fuck what the goons in the FBI think.

But if you really want privacy, than any sort of money as persistent-account-balances is a red flag, and you want something like that instead.

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