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networkstring honked back 21 Apr 2025 10:23 +0000
in reply to: https://hachyderm.io/users/mattb/statuses/114375330554920705

@mattb @neil permissionless finance is the core purpose AIUI.

You generate a private key and boom, a bank account.

No need for KYC, no need for a mailing address your account can't be closed by the bank for whatever weird reason, you can accept payments from third parties without needing something like Stripe etc.

Now granted, at the end of all of this you've just got some magic beans unless you can spend them elsewhere.