3 ms·
It's a reasonable one I think. Importantly, I make very few (0.1%?) transactions above that limit, so if only all my transactions above that are recorded, it do
by alkonaut 5y ago
It's a reasonable one I think. Importantly, I make very few (0.1%?) transactions above that limit, so if only all my transactions above that are recorded, it doesn't let anyone paint a picture of my movement, habits and so on.
Most of my transactions above that limit in the past years were recorded in (publicly available!) ledgers anyway: e.g. buying a car or house.
Whether the limit should be €1k or €5k could be debated and you could reach different conclusions in different countries depending on whether that's the cost of an average bicycle or an average home.
- chopin 5y agoThe problem with these limits that they are not changed. When my father worked only a very tiny minority payed the maximum income tax rate (talking for Germany). Nowadays everybody in the upper middle income bracket does.
- alkonaut 5y agoYou could set the amount to a standardized inflation adjusted amount that just happens to be €1K today but would be automatically adjusted unless there is a political not to. Most every number that isn’t a percentage should be defined that way.