Tech bros whining about getting debanked will never not be funny to me.

Welcome, say the Millions of Americans that can't get a bank account because they were born in the wrong country, have the wrong last name, the wrong political affiliations, or just straight up not enough money to cover the exorbitant costs imposed by banks due to an ever increasing compliance regime.

The problem isn't CFPB, Elizabeth Warren or "the left" as Marc Andreesen and Nic Carter like to suggest.

The problem is that we have built a financial system that can be weaponized at will against entire groups of people, sentencing you to economic death without so much as needing to accuse you of a crime.

The Bank Secrecy Act is the most powerful tool in the US Government's arsenal to stifle dissent, and complaining about its symptoms just because you happened to end up on the wrong end of it is not going to change a system that's entire reason for existence is to circumvent the rule of law to protect its own interests against the interests of the people.

Let's see if they'll still speak out on the "injustice of the banking system" once daddy Trump has come to their rescue. My best guess is no.

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I'm a fan of your work generally but this take (the first sentence) seems incoherent.

Are they supposed to *not* complain about being denied banking services?

If you're just annoyed that they characterize it as a problem of the left, fine, I get your point.

But it's not like people like Carter and Andresen don't know about the BSA.

Negative attitude for no fucking reason

We shape Human behavior by reward and shame

Not pessimistic defeatism

Nic Carter got consumed by .... checking notes... Nic Carter... he couldn't help himself. Bluecheck doing bluecheck things but I agree most tradfi dreams for bitcoin are the most boring and i love it all

That's kindof what Andreessen said...

Same line of thinking applies to seeing X as a safe haven for the marketplace of ideas; it only seems like it because the most promoted ideas align with those of the owner. X censors A LOT, just not what prominent users consider worth getting up in arms over.

At some point, it all breaks down when built on a faulty foundation.

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