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Please accept cash. We don't need to encourage credit card companies to track our purchases and give them the tools to control who can and cannot do business.
by peterhadlaw 4y ago
Please accept cash. We don't need to encourage credit card companies to track our purchases and give them the tools to control who can and cannot do business.
- tjpnz 4y agoWhy would a credit card company do that?
- hgsgm 4y agoFor profit and compliance with authoritarian government.
- recursive 4y agoI really don't know. But they must have reasons I don't know about.
- patrick451 4y agoWe can only speculate as to their internal motivations. But why doesn't really matter when we can watch them actively do it.
- kevingadd 4y agoBecause they can, and people with influence know they can. Then people with influence force the credit card companies to do it. Not hypothetical, in actuality
- comte7092 4y agoAre you actually concerned with their motivations, or just unaware that this is a common practice already?
- lxgr 4y agoI'm a big fan of card payments myself, but I agree that cash should be accepted universally, until unbanking/underbanking is completely solved and there is a cash-analogous private way to pay. Besides the accessibility issue, not nearly all activities or situations making somebody want to transact anonymously are illegal (just consider e.g. people in unsafe domestic situations trying to get help/away but not having their own card). I believe we could strike a pretty good balance with some research, engineering, and product development, avoiding both possibilities for tax evasion and financial crimes on one extreme, and creating a complete financial panopticon on the other.