Comment by 0xDEAFBEAD
1 month ago
So you acknowledge that this point about "protection money" (the point I was originally responding to) is nonsense then. https://news.ycombinator.com/item?id=46736657
1 month ago
So you acknowledge that this point about "protection money" (the point I was originally responding to) is nonsense then. https://news.ycombinator.com/item?id=46736657
Right. It’s not really protection money. It’s just a duopoly under the control of a rogue foreign power that control any entity’s access to customer’s payments. So even if it’s not protection money, the risk of blackmail is high. It is a strategic weakness.
Protection Money is as much nonsense as "Europeans are ripping off Americans in Trade". Because they always conveniently leave out services, which would make the Balance between the US/EU even