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Joined 1 year ago
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Cake day: July 7th, 2023

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  • The banking system in the US is a legacy mess. Transfers still take business days to go through and making your bank account # and routing information available is actually a security concern, honestly I don’t even know why that’s still a thing.

    Products like PayPal and Plaid try to provide something that is slightly more usable, but with this underlying obsolescence their functionality is very limited.

    When paying for services, credit cards are still the way to do it. For P2P payments, people use PayPal, Venmo, Cash App, and others. Nothing even close to a unified system like Pix in Brazil.







  • Eager Eagle@lemmy.worldtoPrivacy@lemmy.mlWhy We Stopped Using Signal Messenger
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    1 month ago

    It turns out that startup funding for Signal was from a US Government tied entity. Some people won’t like that. Here’s an interesting article: Signal Facing Collapse After CIA Cuts Funding

    Someone already commented on the “nothing-burger” this article and line of reasoning actually is, so I won’t repeat it here.

    $19m / 50 = $380,000 per year per employee!!!

    This $19M figure includes more things. That’s why a blog post shouldn’t be read as an accounting report. Report summaries with salary figures are available btw, one search away.

    The infrastructure was not designed to minimize the cost of operations, it was designed for another purpose, data collection by third parties:

    The quoted text is not evidence for this. Quite the opposite, in fact.

    Elon Musk also promotes Signal:

    He promotes Linux too. Also, I bet he drinks water.

    I see some valid concerns / questions, but it’s immersed in a muddy water of arguments that is hard to disentangle.