Roblox pays 26% of its revenue to Apple/Google for payment processing. We need better alternatives now.

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[–]Canbot 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (3 children)

We already have credit unions. Why don't the credit unions provide electronic payment services that don't rely on Visa or mastercard? They could easily get together and set up a blockchain system that would be nearly free to use, exclusive to credit unions protecting it from manipulation and abuse, and easily accessed through phone apps. Zelle already exists. You can have credit unions support another system just like that and completely circumvent the banking/tech cartels.

[–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

As far as I know, credit unions, trusts, etc. in Canada have strict regulations on what they're allowed to do. The banks need to maintain their dominance after all.

On the other hand, IMO, we should be trying to establish our own alternative virtual systems independent of all these establishment slave systems.

Thanks for introducing me to Zelle. I'll add it to /s/DecentralizeAllThings/wiki

[–]Canbot 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Zelle is owned by the banks. It's not really decentralized.

[–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I noticed something like that - ie. non-censored Wikipedia page.

I guess I should distinguish the difference between "alternatives" and "decentralized alternatives". Alternatives are better than supporting the giant monopolies, but inevitably unless they are actually bottom up they're still just serving the ruling class.