I always hear that the government is inefficient, should be easy no?
Not defending credit card companies, just pointing out the fact that there are risks associated with pix that must be considered.
And Visa and MasterCard aren't surveiled? Isn't one of their selling points that they surveil every transaction and automatically block anything suspicious? And increasingly, the parameters for suspicious include anything pornographic or even 'pornographic' (see: the bullying of steam to remove explicit games).
At least with Pix, the costs get lower for the end users.
The thing about US' corporate suveillance system, and why the US government is so tolerant about it, is that US government branches either buy or are given all the data they need.
You don't get government surveillance or corporate surveillance, you get government surveillance or government and corporate surveillance.
> And Visa and MasterCard aren't surveiled?
Who is doing the surveilling is the difference. In the latter, the surveillance is done by the private sector, in aims of better targeted advertising.
In the former, it's done by either the government or by a government-tied organization, and thus invites a left-hand-passes-to-right-hand scenario, wherein the data & metadata obtained from the system could be passed to law enforcement for prosecution (doubly so if the transactions could be bundled as evidence).
> Isn't one of their selling points that they surveil every transaction and automatically block anything suspicious? And increasingly, the parameters for suspicious include anything pornographic or even 'pornographic' (see: the bullying of steam to remove explicit games).
The censorship pressures made onto Visa & Mastercard was done not by the government, but by PACs & non-governmental organizations. It is through the use of "think of the children" that they push them into censoring transactions, under the implicit threat that lawsuits will be filed if such transactions remain allowed.
Doesn't mean they will automatically expose you, as it requires justice approval technically...
Visa and Mastercard are 300% surveilled: once by the Brazilian government, once by the payment providers themselves, and then finally by the American government.
There are privacy implications of cashless societies, but these foreign companies are worse in every aspect.
All financial institutions are surveilled and regulated. There's a reason Patio 11 describe the industry as an "arm of the government".
But furthermore, his argument is not about surveillance (which he accepts when he describes the central bank as the regulator) but about the competition.
It's the very idea of something being provided as a public good that is considered "anormal" and "anti-competitive" here.