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We really need an alt banking system


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2022 Oct 8, 5:27pm   6,887 views  49 comments

by PanicanDemoralizer   ➕follow (8)   ignore (3)  

Not only a bank or CUs, but the processing system AND a credit card system.

Something totally independent from Wall Street.

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43   EBGuy   2022 Oct 10, 3:38pm  

NuttBoxer says


Then you should easily be able to buy gold and silver coins, and get delivery for far below current spot right?

I'm still somewhat shocked at the spread. There's an outfit in Marin that seems pretty large, and, last I checked, the premium for gold was 10% over spot and silver was an outrageous 20% over spot. And most of the well known branded bars/coins were out of stock.
44   Patrick   2022 Oct 10, 4:38pm  

Ceffer says

Barter and underground economies based on gold backed rubles, like the Russians used to do with dollars and parallel economies during the hard core Kommie times..


There is a payment system now which is literally called "Parallel Economy":

https://www.paralleleconomy.com/payments/


CENSOR-RESISTANT
PAYMENT PROCESSING
Sign up today to take advantage of seamless and low-cost payment processing from Parallel Economy.

Simplified Pricing
Flat-rate pricing keeps it simple with no monthly surcharges. 2.98% + 15¢ for in-app, eComm, keyed, and non-qualified.

Streamlined
A single merchant account means signup, setup, and account management is easier than ever.

Next-Day Funding
Fast Funding gives you next-day funding at no extra cost.

White-Glove Service
Providing fast, friendly, and helpful merchant support is our top priority.
45   Onvacation   2022 Oct 10, 5:19pm  

richwicks says

There's .71 ounces of silver in every $1.00 of silver coins, so it works out to be about 3.5 ounces and that's around $70 bucks - maybe $85 as of today.

You're right. Coin or silver shop would try to pay you somewhere around spot price.

But you would have a hard time buying 5 silver dollars for less than $100. Five silver eagles would set you back $150+.
46   Maga_Chaos_Monkey   2022 Oct 10, 7:33pm  

Can you say, "FedNow"? Repeat after me kiddos!
47   fdhfoiehfeoi   2022 Oct 10, 7:36pm  

Karloff says

It's like coming up with a cunning plan to outsmart the casino at their own game


That's why you leave the casino and start your own game. One outside their control, using the systems God setup that can never be wholly suppressed or eliminated. And yes, it probably does mean a fight, but when the alternative is slavery, is there another fucking option?
48   EBGuy   2022 Oct 10, 7:46pm  

Patrick should start running an Ethereum validator. I'd stake him an ETH coin (once I figure out how to buy one)....

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