5 ms·

Basically, he's mandating the adoption of electronic currency adaption for every business, no matter how large or how small. Want to open up a restaurant? Bette

Basically, he's mandating the adoption of electronic currency adaption for every business, no matter how large or how small. Want to open up a restaurant? Better accept credit cards and the 1-2% haircut they take off the top of every sale. It's also every authoritarian's wet dream. If everything can be tracked, everything will be tracked. "Oh, we see you've been buying quite a bit of ice cream on your trips to the store. Your health insurance rates just went up. In addition, we'd like to chat with you about the 3 gun magazines you've just bought." EDIT: And restricting the denominations of notes doesn't seem to stop cash transactions. It just makes things into a gigantic pain in the ass. Look at Venezuela. The highest denominated note is worth ~10 cents, and most transactions are in cash.

devoply 10y ago
It's already like this. They just want more. Because you really can't have enough control. You want 5,000 in cash? Well let us just report you to a government agency that will monitor you for the next little while to make sure you're not doing anything nefarious. Each time I visit A&W and then quit, they send me coupons to get me back. Same thing with the liquor shop and I drink a single Crabbies every month.
- jimmywanger 10y ago
  You're missing the point entirely. > You want 5,000 in cash? Well let us just report you to a government agency that will monitor you for the next little while to make sure you're not doing anything nefarious. Bullshit. You can easily change/withdraw money in casinos to your heart's content, up to either 6k or 10k dollars PER transaction, if you remove more than that, paperwork gets involved > Each time I visit A&W and then quit, they send me coupons to get me back. Same thing with the liquor shop and I drink a single Crabbies every month. Yes, do you pay with cash or credit card, and do you use a rewards card? If you pay with credit card or use a rewards card, that's exactly what you're complaining about. I pay in cash for most minor transactions like that, without a rewards card, and nothing of the sort has happened to me. How would it? They have no information about me. If you're voluntarily using a credit card or rewards programs to save a few bucks or build up airplane miles, yeah you kinda made the trade off. A cashless society legislates the tradeoff for you.

devoply 10y ago

It's already like this. They just want more. Because you really can't have enough control. You want 5,000 in cash? Well let us just report you to a government agency that will monitor you for the next little while to make sure you're not doing anything nefarious. Each time I visit A&W and then quit, they send me coupons to get me back. Same thing with the liquor shop and I drink a single Crabbies every month.

jimmywanger 10y ago
You're missing the point entirely. > You want 5,000 in cash? Well let us just report you to a government agency that will monitor you for the next little while to make sure you're not doing anything nefarious. Bullshit. You can easily change/withdraw money in casinos to your heart's content, up to either 6k or 10k dollars PER transaction, if you remove more than that, paperwork gets involved > Each time I visit A&W and then quit, they send me coupons to get me back. Same thing with the liquor shop and I drink a single Crabbies every month. Yes, do you pay with cash or credit card, and do you use a rewards card? If you pay with credit card or use a rewards card, that's exactly what you're complaining about. I pay in cash for most minor transactions like that, without a rewards card, and nothing of the sort has happened to me. How would it? They have no information about me. If you're voluntarily using a credit card or rewards programs to save a few bucks or build up airplane miles, yeah you kinda made the trade off. A cashless society legislates the tradeoff for you.