Big Tech Wants to Become Its Own Bank (jacobin.com)

submitted 2 days ago by [email protected] to c/[email protected]

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That means we could soon live in a world where all online transactions will require us to pay for goods in billionaires’ own made-up monopoly money, for which tech giants will be able to charge exorbitant transaction fees.

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[-] [email protected] 16 points 2 days ago

And when it falls apart they'll look to us to bail them out and we will because they're "too big to fail". 😕

[-] [email protected] 11 points 2 days ago

I'm sick of it

[-] [email protected] 9 points 2 days ago

Sounds like they’re too big to succeed.

[-] [email protected] 3 points 2 days ago

Well, in hypercapitalism there is no success, there is just expected exponential growth, I guess in that case you’re right; but hypercapitalism is destined for failure because it is unsustainable

[-] [email protected] 0 points 1 day ago

How is that meta shitcoin going?

this post was submitted on 28 May 2025

54 points (100.0% liked)

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