4 ms·
> a digital dollar means that you have a dollar where it is impossible to commit crime. This is overly definitive. For example, in Poland, it's illegal to run
by badpun 4y ago
> a digital dollar means that you have a dollar where it is impossible to commit crime.
This is overly definitive. For example, in Poland, it's illegal to run a private online poker site and yet there's plenty of operators doing it. They offer digital money transfers via payment processors which specialize in skirting the law, such as Neteller, Payza etc. The Polish state doesn't care enough about its own laws regarding online gambling to clamp down on such practices and so people are happily commiting crimes using the "digital dollar".
- akiselev 4y agoThe GP phrased that way too much like an allegory from under a rock and not enough like an internet comment. (I think) He means that digital currencies remove plausible deniability. The Polish government can both claim to crack down on gambling to its conservative supporters and at the same time avoid investing too many resources in pointless anti-vice enforcement. The second they have a digital ledger of all transactions in the country, they either have to get real with their conservative supporters who will vote them out or really go after all the people gambling whose bookies will drag them out from their beds. Politics is a balancing act.
- quickthrower2 4y agoWith better surveillance tech (no cash being an example of this) you can pave the way for future governments to exercise that power in bad ways even if the current one is lenient.
- mymythisisthis 4y agoIn Canada, casinos are used to wash money, https://www.cp24.com/news/mystery-shoppers-sent-to-ontario-casinos-made-away-with-over-35k-despite-not-having-proof-of-winnings-1.6175095 https://www.cp24.com/news/mystery-shoppers-sent-to-ontario-c... The government makes too much from casinos, and doesn't care.