Free speech social network Gab says it has been refused by three banks in the last month

submitted by scrubking from reclaimthenet.org

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[–]VirgilGriff 14 insightful - 10 fun14 insightful - 9 fun15 insightful - 10 fun -  (7 children)

Just make your own bank, bro

[–]icebong 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (4 children)

Crypto: Hold my public key.

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (3 children)

That was my first thought. You don't need a traditional bank any longer.

[–]MaBarkers 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

so many people talk about the "value" of crypto, but they always describe the "value" of crypto in terms of "US DOLLARS".. for example, right now one single bitcoin is worth $47k..

what if the value of the us dollar were to go simply berzerk? would we still express the value of the bitcoins in terms of us dollars?

what would our next move be? should we instead be thinking of what bitcoin is worth in terms of some other currency?

perhaps we should express the value of btc in terms of how many ounces of gold it is worth or barrels of oil.

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

You can view crypto in other metrics besides the USD, but I think what you're saying is that you're having trust issues with fiat money.

And that's a valid concern.

If I thought the dollar was going to collapse and we'd be living mad max style, I'd put all my money in fuel.

[–]jet199 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

In the UK there was a reality tv series about this called The Bank of Dave.

Basically setting up the bank was pretty easy. The hard part was getting regulated which is needed to offer certain services. The big banks will work against small new banks setting up.

[–]blowininthewind 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

yeah, like ask users to donate, shouldn't be that hard to crowdfund a server.