And tips. Gotta tip the ATM for basic service.
this post was submitted on 03 Jul 2023
59 points (94.0% liked)
Showerthoughts
30032 readers
569 users here now
A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.
Rules
- All posts must be showerthoughts
- The entire showerthought must be in the title
- Avoid politics
- 3.1) NEW RULE as of 5 Nov 2024, trying it out
- 3.2) Political posts often end up being circle jerks (not offering unique perspective) or enflaming (too much work for mods).
- 3.3) Try c/politicaldiscussion, volunteer as a mod here, or start your own community.
- Posts must be original/unique
- Adhere to Lemmy's Code of Conduct
founded 2 years ago
MODERATORS
"We will charge you $1 for checking your account's balance."
"A 20% gratuity will be added to all withdrawals over $100."
Ahh yes. The Automatic Tip Machine.
In Australia. We basically had this for a long time. Charged fees to use atm’s, unless the atm was specific to your bank.
Then basically at some point the banks realised that it was cheaper to just refund us those fees, rather than maintaining their own ATM’s.
Banks have been federated long before we started using the term. They're just a for profit system with a lot of proprietary code. I wonder what a FOSS banking system would look like. No, not Bitcoin or crypto. Those are currencies but don't provide financial services.
No, not Bitcoin or crypto. Those are currencies but don’t provide financial services.
They're not even currencies. Most people buy them solely to hold onto them, not to spend.
In theory, you could have open source bank software. Security by obscurity isn't security, after all. If the only thing keeping you safe is the code being closed source, you're not actually safe. Attackers will find exploits even in closed source code (just look at how many Windows exploits there have been) and attackers may get access to source code anyway. However, I think you might have a tough time convincing the average person of this, based on how I've seen folks react to open source in the past.
Above all, the kinds of people who love FOSS and the kinds of people who want to run a bank are probably two completely separate circles. Heck, banks seem to regularly have terrible security, actively breaking best practices.
If someone develop a malware from open-source bank systems, then the economy will probably crumble in just few seconds (lol). I don't think FOSS banking system will contribute to poorer countries where most of their transactions are done with cash. It always starts on tech literacy from FOSS enthusiasts.
Don’t give them ideas.
It's subtly happening already.
view more: next ›