95% of people don’t have a bank account in the US.

and 77.34% of statistics are made up on the spot.

https://www.federalreserve.gov/publications/2019-economic-we...

6%

Parsed generously, 94% of Americans is about 300mm people. That's around 4% of the human population. (It's a nonsense argument nonetheless: it's not America's job to bank the world.)

I commend you taking a generous view of that, as I was unable to with a straight face. Agree with your second comment.

GP said essentially that they hoped crypto would fade away because FedNow is coming and will make it irrelevant.

My point was that the vast majority of people don’t have a US bank account and so FedNow is in fact irrelevant, except to the 5% of people who can access it.

I didn’t expect the parse with the comma inserted before “in the US”, because it’s obviously absurd to say that only 5% of Americans have a US bank account.

100% of people don’t have a venusian bank account in the US

That sentence is not saying the same thing. The equivalent would be 100% of people don't have a bank account on Venus.

Most Americans have a bank account:

"According to the report, 81% of adult Americans are fully banked, 13% are underbanked, and 6% are unbanked. The share of Americans with each banking status in 2021 remained almost constant from 2020."

https://usafacts.org/articles/who-is-the-least-likely-to-hav...

What GP is saying is that most people in the world do not have an account located in the US specifically. I seriously doubt they're saying 95% of Americans don't have a bank account, which would be absurd.

Yea, I was anchoring on the article that was US focused.

That accounts for the 5% of humans who live in the US, how about the 95% of humans who don't?

If you read the thread to which you are replying, it’s about the US.

Why would anyone suggest only 5% of Americans have bank accounts? How is it possible to believe that and still know English and go to HN, do you think?

The bank accounts are about the U.S., not the people.

It's brilliant if you're a racist bigot that has no concept of the struggles of the unbanked systematically oppressed by the system you champion.

That your feeling without specifying any factual data

Not having a bank account is a race issue? People who are not white cannot get a bank account? Poor people can't get a bank account and all non-white are poor therefore bank accounts are racist?

What is your message?

I don’t know specifically what they intend their message to be but I would 100% bet it involves something they would describe as “Globalist Bankers”.

It's the same argument they make with voter ID laws; non whites are too stupid to successfully get an ID / open a bank account / etc. It's some of the most racist rhetoric I've ever seen but somehow it's pitched as "anti-racist".

In 2011, Alabama passed a strict voter ID law.

Then, in 2015, Alabama closed DMVs in predominantly black counties, making it hard for black people to get IDs. It took a federal probe to force Alabama to reverse the decision to close the DMVs.

https://www.vox.com/policy-and-politics/2017/12/12/16767426/...

Personally, I think we'd be better off with the vote-by-mail system that Oregon and Washington use.

yes, it is a common theme among the "woke": Black people score lower on school math tests, therefore math is racist.

Yeah! Casinos are never racist!

CBDCs are exactly why crypto will always be around. Spying on other people’s money is not a basic human right.

Eh? Every single bitcoin transaction is publicly visible to anyone that looks for it in a way that bank account transactions are not. Correlating transactions with an individual is not exactly difficult if you're determined. It's downright easy if you get the other party to accept a payment from you.

FedNow is not a CBDC.

https://www.federalreserve.gov/faqs/is-fednow-replacing-cash...

> CBDCs are exactly why crypto will always be around

CBDCs aren't on the table in America anymore. They were a stupid workaround to our political opposition to postal banking.

CBDC won't have to do anything with "blockchain" and will be a regular relational database.