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Depending on where you are, the legal system might already block or complicate larger cash transactions, i.e., legal system already intervening on the transacti
by RandomLensman 5y ago
Depending on where you are, the legal system might already block or complicate larger cash transactions, i.e., legal system already intervening on the transactions level.
- thebean11 5y agoComplicate how though? Can they backdoor the transfer to reverse it (or can another party do this for them)? Or only try to force the receiver to send the funds back with threats of punishment / physically take the funds? My point is that those two things are fundamentally different.
- RandomLensman 5y agoYou might need to establish ID, source of funds, etc., or beyond a certain limit cash transactions might just not be legal. Failure to comply might then lead to all sorts of unpleasantness.
- thebean11 5y agoYup of course, what's your point though? I don't think this conflicts with what I'm saying.
- RandomLensman 5y agoMy point was that the legal system is not just there for disputes but it also expresses things about what/how transactions should be done, i.e. it facilitates some and blocks others.
- thebean11 5y agoOh got it, yeah I agree that the scope of the legal system is more than just resolving disputes, I was thinking of the legal system's role in finality specifically.