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Comment by 634636346

3 years ago

It will be interesting to see how this affects "toxic," deplatformed, and to some degree debanked (at least from PayPal and CC processors) entities, like the KiwiFarms. While this page is somewhat vague about the private/public status of the Fed: https://www.federalreserve.gov/faqs/about_14986.htm

it seems pretty well established that federally chartered corporations, like the USPS and Amtrak (e.g., https://en.wikipedia.org/wiki/Lebron_v._National_Railroad_Pa...), are bound by the first amendment, so theoretically the Fed should be as well.

That means the usual "it's a private corporation!" defense of corporate censorship is probably off the table.

I think KiwiFarms is a cesspool and I think Null in particular is an extremely crappy human, but despite that I disagreed with the credit card processors pulling them, because they really did have a near-monopoly for online payments, meaning that this could be considered stifling of free speech.

However, I think I'll have less of an issue for it if there's the government-backed means in which to send them money; at that point I think the "it's a private company!" defense would actually apply to the credit card companies.

  • This is a dramatic whitewashing of KiwiFarms. KiwiFarms was not deplatformed for wrongthink or because people disagreed with their ideas. They were deplatformed for coordinating harassment campaigns that resulted in at least three confirmed suicides. That is not protected speech.

    • Any speech could be attributed to the N-number of suicides we unfortunately see happening. This is not a good argument for censorship or punitive actions against individuals or entities whose speech was followed by a suicide with dubious / unproven connections to that speech.

      If any speech is to be considered targeted harassment, then let the courts decide that in a defamation (or otherwise) case to determine damages and reconciliation of those damages.

      Private entities should not be allowed to limit their business services to customers they suspect are behaving in a way they disapprove of, especially since these customers are not asking for tailored services such as cakes and custom websites. Payment providers are the backbone of a functioning economy, and problematic speech should never be the reason why they deny service.

    • The nexus between KF harassment and the suicides in two of the three cases is extremely tenuous ("KF had a thread X disliked" -> "X committed suicide" -> "KF induced X's suicide") and in the third the evidence that a suicide occurred to begin with is lacking.

      I'm sure many, many more suicides could be linked more strongly to any of the major social media platforms.

      In any case, the reasons for deplatforming have always been more diverse. CloudFlare dropped KF for representing some sort of imminent and ongoing threat to human life which you'd think a good-faith review of would indicate was misguided (and thus their service should be restored.) KF has not been able to establish relationships with other hosts not because literally everyone finds them repugnant, but because entering into a public relationship with any company immediately makes that company a target for a hate campaign, and even "free speech" hosts and such have found the cost-benefit math unfavorable.

    • You're right in this scenario, and people need to understand the First Amendment doesn't protect "criminal" speech.

      OTOH, plenty of sites have been canceled simply due to their fucked-up viewpoints that are protected speech.

      2 replies →

    • > They were deplatformed for coordinating harassment campaigns that resulted in at least three confirmed suicides. That is not protected speech.

      and how many has reddit lead to?

      Just admit that they were deplatformed because a very powerful person pulled their strings at our frigging backbones of the internet for personal favors, and got the site banned there.

    • Thankfully, the site is no longer available via clearweb, so we can just take its characterization by its harshest critics at face value, rather than having to actually read it ourselves and make up our own minds.

      However, I do find it strange that the site now only being available through Tor--and thus not showing up in Google search results or being easily browsable by "normies"--seems to have been enough to assuage the people spearheading its deplatforming, since Tor should pose little of an impediment to those capable and willing enough to IRL harass and SWAT people (the purported real reason KF exists). It's almost as if their real concern is people being able to google them and find a site that comprehensively documents their bad, and perhaps illegal, behavior.

      5 replies →

    • Last I heard, at least one of those "confirmed suicides" failed to appear in government databases, which casts doubt on its legitimacy (I assume it is one of those counted as "confirmed"), and another was associated with outside harassment and falsely attributed to KF. I don't know what the third one is.

      I dislike that site and the general behavior of its users too, obviously, but during that time when it was in the spotlight I saw plenty of evidence of egregious behavior and blatant lies from people campaigning to censor them, and much of it seemed to work. It's not hard to see how debanking could affect less "problematic" organizations or individuals through censorship campaigns (or government interference) regardless of your feelings about KF itself.

    • This is a bullshit take. Kiwifarms always remind users to stay away from gossip subjects. The fact that some people disregard that is the equivalent of someone reading a tabloid or "Elon Musk jet tracker" and harasses celebrities mentioned there.

      Also if you do what's likely to cause a KF article documenting your antics, you can be sure 4chan/8chan/countless discord channels will have a go at you as well, and those are typically not so restrained.

      But sure pin it where you want.

    • This is misinformation.

      KiwiFarms was not deplatformed for harassment campaigns* or suicides**; they were deplatformed due to coordinated harassment campaigns against the companies on which the site relied.

      *There were no such things. Users were aggressively reprimanded and banned for suggesting and engaging in "poop-touching," respectively.

      **See the other child comment to your post.*

  • [flagged]

    • is that a moral objection to cutting off Kiwi Farms, because a drone strike is more moral, fair, due process etc.?

      or an argument on efficiency grounds, that the payment system is an insufficiently effective form of annihilation?

    • Because they commit a crime of... what exactly again? They never crossed even a civil liability threshold, it's strictly a gossip site with multiple reminders never to contact gossip targets.

Isn't it the case that you still have to have a relationship with a bank to have an account to transfer into or out of via FedNow in the first place? In that case I don't think this would change the picture at all. It's not the intention to help the unbanked pariahs, that's for sure.

  • There are still almost 5k banks in the US. Unlike Zelle, if this opens to all of them, all you need is one bank.

    • One low quality bank?

      Bank gets bailed out? That's a dire sign for the fundamental value of the dollar to regular people if this is a regular practice.

      Bank gets bought up? Well we don't really have 5k banks anymore do we?

      1 reply →

    • I presume the system uses bank account and routing numbers? So besides concerns with sharing that information with the public, concerned citizens will figure out who they bank with, and will most likely be able to easily pressure the bank to drop them.

      Certain things should be difficult to accomplish in a functional society anyways, and administering a profitable hate group is one of those things. If not bankrupted by their lack of credit card access, they'll eventually run into legal troubles from the damage they cause to innocent people.

      15 replies →

  • Yes, one doesn't have an account with a participating bank in order to receive and send payments via FedNow. It is same with Zelle; with Zelle, one sends money to an email or a phone number of an intended recipient. Both senders and receivers of Zelle need to registered with Zelle from their banking apps. USBank and Chase are notorious to close accounts who use Zelle heavily, because they see such activities as nefarious. Maybe, other banks use Zelle transaction history as another point to in order to debank people.

    I don't want my banks to know who I send money to via Zelle; but they do. If banks are happy with customers writing checks to 'problematic' people, why they think that frequent Zelle activity as source of risk, as long as customers are not depositing or withdrawing cash/money orders.

The Federal Reserve is a private company with a chair that is chosen by the President of the US with advice and consent from the Senate, and serves a four-year term. There is no term limitation for this office.

The reason the US government has a national debt is because that debt is owed to the Federal Reserve, which is a private bank that loans the US government money and that sets the US monetary policy.

  • >>Federal Reserve is a private company with a chair that is chosen by the President of the US with advice and consent from the Senate, and serves a four-year term

    Sorry but no... You can not be a "Private Company" and have your leadership appointed by the President like any other Government Agency

    The Fed is a Government Agency,

    >>The reason the US government has a national debt is because that debt is owed to the Federal Reserve,

    Incorrect

    Some of the Debt is owned by a Federal Reserve, more recently as no one want to buy US Debt any more but....

    >>which is a private bank that loans the US government money

    Again FALSE....

    The Federal Reserve can not Loan the US Government anything

    The US Dept of Treasury issues Bonds which are sold on the Open Market, 3rd parties then Buy these Bonds, then the Fed Buys them

    The Fed can not legally buy Bonds directly from the US Government. How do you think Black Rock got to be do big...

    • The Fed is a contractor with pomp and circumstance to make it appear different. Any private group charter can require their club leader to be approved by the Pres. and the Pres. may or may not play along.

      9 replies →

  • >The reason the US government has a national debt is because that debt is owed to the Federal Reserve, which is a private bank that loans the US government money and that sets the US monetary policy.

    I'm pretty sure every holder of US Treasuries (including me) is owed money by the US government.

    • Not only that but the cash swapped for bonds is also a liability of the government, so it is just swapping one liability for another.

      What we call government debt is just an operational vestige.

  • public / private is a false dilemma

    trusts, foundations, and a host of other entities are ‘orphaned’ entities and is essentially a third category which is more accurate for the Federal Reserve as well

    The Board of Governors is a public entity with an appointment, and the rest of the entity has a rotation of members and pretty full autonomy on how it runs on the inside at the employee level

What is the Kiwi Farms?

  • A discussion forum similar to, say, Something Awful (or indeed HN), with a focus on mocking online misbehaviour and a reputation for unpopular political views.

  • A toxic website where online trolls discuss other personalities, mostly online, in a toxic way.