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Calling that control “democratic” is a bit of a stretch. Plus, anonymous physical cash transactions have been the status quo forever
by plokiju 5y ago
Calling that control “democratic” is a bit of a stretch.
Plus, anonymous physical cash transactions have been the status quo forever
- ulrikrasmussen 5y agoThe institutions ought to be under democratic control in the sense that they are regulated by elected representatives. If they are not, then that is a big problem which should be fixed rather than circumventing the institutions altogether. Physical cash is de facto restricted in many places in the form of upper bounds on the amounts that one can withdraw and deposit.
- kasey_junk 5y agoNo they aren’t. There are laws requiring documentation of cash transactions over a threshold.