If the Fed and other banks adopt a CBDC, they will inevitably become involved in disputes about what is and isn’t acceptable economic activity, says our columnist.
OnlyFans’ decision (now reversed) to ban porn reveals the arbitrary power of banks to delist products they don’t like. Neutral tech like Bitcoin offers an alternative.
OnlyFans has abandoned the sex workers that made it huge, largely thanks to pressure from banks and payment providers. That's a terrifying precedent, says our columnist.