Comment by digitalPhonix
2 hours ago
> Servers have to run, transactions settled, fraud detected and the system protected against cyberattacks. For years, the government has helped compensate banks and payment firms for providing a service that has effectively been treated as public infrastructure.
Sounds like it should just be public infrastructure and the government pays to maintain it.
Governments have paid to maintain a finance system since the introduction of token money (by minting the currency as a public good; also funding policing to prevent counterfeit) so this is effectively the same.
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