Visa should be nationalized. Let the government run the payment processing if we are only going to have only one.
Check out FedNow. Basically a domestic government run payment system. Still pretty new and growing.
I’m
Ah fuck! Did VISA get you?
I’d love to see the federal reserve issue a no fee stablecoin, though I wonder if it would be secure in the long term with quantum coming.
DOJ is really going at it lately.
I can’t wait to hear about the outcome of this litigation in 20-25 years.
Right?
Going after Google AND Visa?!
Even if it’s all theatrics, the Justice department hasn’t really showed up to work in recent memory and this is a refreshing change from the void abyss DOJ usually haunts
The Bush jr administration illegally made political hiring and firing decisions for DOJ positions. We are just now getting far enough away from that to have the DOJ right itself.
Something something election year. They’ll go back to sleep in December.
Don’t worry, I’m sure they’ll run out of money soon to fight it…
The DOJ isn’t going after this, but VISA is also the source of all these fucking porn bans on like Tumblr and shit because if you want to be able to use their payment processing, you also have to follow their fucking puritan ass values.
Honestly, if this kicks that secondary issue in its ass, that’s amazing.
Not exactly puritan to expect that if you’re serving porn you’ve done at least the base line vetting to make sure it’s not child porn or non-consensual.
No, puritan ass values like not being a porn site. It is the government’s job to regulate illegal content, not payment processors.
Then what about the fact they also ban payments for legalized weed? Nothing CP or non-consensual there.
Because weed is still federally illegal. So regardless of what each individual state says, Visa is beholden to federal law, just like banks.
These network transactions cost between 2 to 4 % for merchants, which is a cost passed to consumers by businesses raising prices. That’s a fairly large “inflation”, and certainly it seems out of line with the effort they out into it. It’s anticompetitive practices that keep it in place.
Fwiw debit card transaction are capped around 21 cents per transaction depending on the size of the bank holding the account. You’re right for credit cards though. Also, imho, I’ve never seen merchants pass along these debit card savings to the consumer. With they would though.
I’ve never heard of that cap! Any references.
Also, imho, I’ve never seen merchants pass along these debit card savings to the consumer. With they would though.
Gas stations do! But not really passing the savings, just flipping it by penalizing credit cards.
They can easily say, “Actually it’s 0.10 off by using a debit” as opposed to “it’s 0.10 more for using credit”.
A liqor store near me offers 5% off if you use cash or debit.
And the merchant terms are getting worse and more arbitrary.
What isn’t a monopoly anymore? Which doesn’t make their ultimate goal is to fuck people to make a profit. Latest one that hit me hard is
catcar manufacturers selling people’s data to the insurance companies and people are getting insurance pricebikehike(fuck you, Google and fuck your fucking keyboard) for no reason.cat manufacturers
insurance price bike
I know exactly what you meant but these typos are strangely hilarious. Cheers, we all make silly typos sometimes. Me especially when I’m typing on a phone because I hate using autocorrect.
For anyone confused: car manufacturers / price hike
This is 100% Gboard autocorrecting words that are already correct. It feels the need to speak for me. I’m so fucking sick of it changing already correct words to what it thinks I need to type. I’ve even fucking emailed Google about it. They think they’re helping us type better and faster, but they’re actually making us type slower, as we have to fucking double check everything we type.
You realize you could have turned the auto correct off probably 100 times over the amount you have complained about it right? Takes 2 seconds.
Have you tried typing without it? It’s so fucking painful with my fat fingers. No worries, though. I’ve found a better keyboard. Free and open source. FUTO Keyboard. I’ll keep using it over Google’s shit. Thanks to Louis Rossmann
I have not, but it doesn’t bother me. Glad you found something that works for you.
That’s certainly what I did years ago now. I think for some folks old habits die hard and people aren’t wrong that it used to be better. 🤷
I don’t know why you got downvoted. You’re right, it’s really difficult typing without autocorrect now. It was easier on physical T9, but this is all touch and you’ll keep missing.
If I were a conspiracy theorist I’d say they’re deliberately making it shittier to push voice-to-text for that sweet, sweet AI training data.
But I think it’s probably just incompetence. Keyboards from a decade ago were a lot better at learning your typing/swiping patterns, I feel.
I don’t think it’s a conspiracy. Like you said, it’s incompetence. I’ve found a better keyboard luckily. FUTO. It’s baserd on the AOSP keyboard and it even has sliders to make autocorrect more or less aggressive, and to get a local AI involved more or less as you please. Keyboard is FOSS, too. Fuck Google Keyboard 🖕🏽
Yessss
