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Nobody is talking about being compelled to accept cash - we are talking about cash being used in a manner that is, arbitrarily illegal after a certain amount.

thaumasiotes 4y ago
What were you saying "If cash is legal tender, then any amount is, by default, legal" meant? The only meaning of "legal tender" is that someone with a court judgment against you can be compelled to accept legal tender. It doesn't say anything about whether it's legal for you to use it in other transactions.
- flandish 4y ago
  “ Legal tender is anything recognized by law as a means to settle a public or private debt or meet a financial obligation, including tax payments, contracts, and legal fines or damages. The national currency is legal tender in practically every country. ” https://www.investopedia.com/terms/l/legal-tender.asp https://www.investopedia.com/terms/l/legal-tender.asp I’m sorry my use of the word “legal” in the context of “legally acceptable tender” triggered this response. You’ll have to forgive me: English is my first language. I will try again: The use of cash, if agreed upon by parties involved, is legal because it’s a government “backed”/“accepted” item of currency. Tendering cash in this transaction is legal. (You’re not trading a car for $value in meth or guns..) A gov is now saying, no matter how legal the use of cash is, after a certain amount it is no longer legal. This is, in my opinion and with my beliefs, an overreach and quite frankly nonsense. It is no surprise, but saddening all the same. That is all.
  - thaumasiotes 4y ago
    > The use of cash, if agreed upon by parties involved, is legal because it’s a government “backed”/“accepted” item of currency. Tendering cash in this transaction is legal. This is false. You immediately provide an example that shows it's false: > (You’re not trading a car for $value in meth or guns..) The fact that cash may be provided to settle a debt, even when the creditor doesn't want it, does not mean that it's legal to transact in cash. Meth could be legal tender too, and in that case it would remain illegal to transact in meth. > I’m sorry my use of the word “legal” in the context of “legally acceptable tender” triggered this response. You’ll have to forgive me: English is my first language. As another native speaker, I'm sure you're aware that the phrase "legal tender" has no colloquial meaning or use, and while "tender" does, the colloquial meanings are restricted to senses having to do with gentleness or sensitivity to touch.
    - flandish 4y ago
      I am speaking *nothing* about compelling the use of cash between two parties. My only and consistent point that is that it is silly for a nation to put a ceiling amount on its currency (cash) trading hands in physical meatspace form. For the amount will stay while inflation will not and the cohort of people “bumping” into this limit will increase over time. It’s not about compelling cash. Move away from that. It’s about a nation limiting the amount that can be used in the “name” of “fighting terrorism.” Nonsense.
      - tgv 4y ago
        it’s not silly, and it’s not (just) terrorism. Crime can only flourish with black money.
        flandish 4y ago
        If stopping crime involves treating normal people (in my country they are called “innocent”) like criminals via a transaction limit that may change with a vehicle so important as cash… then the method is unjust. A nation has no right to, in the name of “fighting terrorists”, accidentally consider or treat an innocent person as a criminal.

thaumasiotes 4y ago

What were you saying "If cash is legal tender, then any amount is, by default, legal" meant? The only meaning of "legal tender" is that someone with a court judgment against you can be compelled to accept legal tender. It doesn't say anything about whether it's legal for you to use it in other transactions.

flandish 4y ago
“ Legal tender is anything recognized by law as a means to settle a public or private debt or meet a financial obligation, including tax payments, contracts, and legal fines or damages. The national currency is legal tender in practically every country. ” https://www.investopedia.com/terms/l/legal-tender.asp https://www.investopedia.com/terms/l/legal-tender.asp I’m sorry my use of the word “legal” in the context of “legally acceptable tender” triggered this response. You’ll have to forgive me: English is my first language. I will try again: The use of cash, if agreed upon by parties involved, is legal because it’s a government “backed”/“accepted” item of currency. Tendering cash in this transaction is legal. (You’re not trading a car for $value in meth or guns..) A gov is now saying, no matter how legal the use of cash is, after a certain amount it is no longer legal. This is, in my opinion and with my beliefs, an overreach and quite frankly nonsense. It is no surprise, but saddening all the same. That is all.
- thaumasiotes 4y ago
  > The use of cash, if agreed upon by parties involved, is legal because it’s a government “backed”/“accepted” item of currency. Tendering cash in this transaction is legal. This is false. You immediately provide an example that shows it's false: > (You’re not trading a car for $value in meth or guns..) The fact that cash may be provided to settle a debt, even when the creditor doesn't want it, does not mean that it's legal to transact in cash. Meth could be legal tender too, and in that case it would remain illegal to transact in meth. > I’m sorry my use of the word “legal” in the context of “legally acceptable tender” triggered this response. You’ll have to forgive me: English is my first language. As another native speaker, I'm sure you're aware that the phrase "legal tender" has no colloquial meaning or use, and while "tender" does, the colloquial meanings are restricted to senses having to do with gentleness or sensitivity to touch.
  - flandish 4y ago
    I am speaking *nothing* about compelling the use of cash between two parties. My only and consistent point that is that it is silly for a nation to put a ceiling amount on its currency (cash) trading hands in physical meatspace form. For the amount will stay while inflation will not and the cohort of people “bumping” into this limit will increase over time. It’s not about compelling cash. Move away from that. It’s about a nation limiting the amount that can be used in the “name” of “fighting terrorism.” Nonsense.
    - tgv 4y ago
      it’s not silly, and it’s not (just) terrorism. Crime can only flourish with black money.
      - flandish 4y ago
        If stopping crime involves treating normal people (in my country they are called “innocent”) like criminals via a transaction limit that may change with a vehicle so important as cash… then the method is unjust. A nation has no right to, in the name of “fighting terrorists”, accidentally consider or treat an innocent person as a criminal.