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BUT THINK OF THE CHILDREN! The war on cash is extremely boring. Mostly because, just like drugs, it is entirely ineffective at stopping anything at all. Peopl
by wheelerwj 10y ago
BUT THINK OF THE CHILDREN!
The war on cash is extremely boring. Mostly because, just like drugs, it is entirely ineffective at stopping anything at all. People will always find a way to acquire for things that they need. Through bartering or straight up theft, you cannot stop anything from happening by precluding payment for said activity.
But politicians and law makers will always sound the bugle of public safety because fear is such a strong emotion and much easier to evoke than love. At this point, I am not even sure they are even attempting to be relevant, instead they just need to look busy and demonstrate their worth.
But this article goes further, to probe a global-government-backed-conspiracy to track payments and keep down the common man by removing cash. When the truth is probably more simple (this time), cash is expensive and harder to control. Plus most of us use digital payments anyways.
In countries that are removing large denomination cash bills because they are only used by criminals.. that's an interesting development. but not entirely dishonest. Countries who are removing low denomination bills in favor of larger ones do so to fight inflation. But there is no global war on cash.
However, there is a global war for your personal data by major corporations and that's what should be scaring most people. Your transactions aren't protected from corporations using data to identify and silo you. Amazon Go, convenient, sure. But let's not pretend that their sales funnel won't adjust further based on what you buy in their stores. If you are buying self-help books from amazon.com, they are going to keep showing you self-help products such as other trending books, yoga mats, maybe a personal journal, or running shows. But if you also walk into an amazon go store and pick up m&ms and mountain dew, do you think those same ads will appear? Certainly not.
And do you think any of that tracking is possible with cash?
No, this isn't government trying to crush Joe the plumber. This is greedy corporations trying to sell you more shit.
- zachlatta 10y agoIt's a war for control. I don't think the article goes too far. I used to run a small business that sold Bitcoin for cash and it was practically impossible to keep it afloat – every major bank refuses to work with cash businesses that aren't retail because of MSB regulations. If you read up on the history of money service regulations, they make it practically impossible for a business to transact with customers anonymously under the guise of preventing money laundering and terrorism. Every transaction needs to be available to the government.
- wheelerwj 10y agoHello fellow bitcoiner! I am also very aware of MSB regulations. However, anonymity has never been a priority for the US government. If you look at the timing of the BSA (October 1970) and the Nixon's war on drugs (June 1971) you begin to see that this isn't about government control for the sake of control. It's about providing tools for a specific agenda. Regrettably, these tools are never dismantled and the government is never held accountable. Now, if you look at the interests behind the war on drugs, I am reasonably certain you won't find it being funded by worried mothers or fathers.
- zachlatta 10y agoAh, thanks for the correction and for the info – will look into both.
- rando444 10y agoDrugs are just one aspect. I think tax is the larger issue. Sure you can always hide why a transaction is taking place, but if you force all transactions through some sort of system, you can at least tax the activity.. or prevent the millions of restaurant owners and others with similar businesses from just taking their cash sales directly without reporting them.