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The idea elected politicians want a cashless society is utterly absurd to me. It misses the obvious fact that an elected politician needs the privacy of cash f
by laratied 3y ago
The idea elected politicians want a cashless society is utterly absurd to me.
It misses the obvious fact that an elected politician needs the privacy of cash for taking bribes.
A cashless society can only work in an authoritarian regime that simply doesn't care if the populace knows about bribes or not.
- walterbell 3y agoBillions of dirty money have passed through existing digital systems, https://news.ycombinator.com/item?id=36119556 https://news.ycombinator.com/item?id=36119556 Future digital payment systems can have a wide range of transparency, they are unlikely to be limited to public blockchains. China is rumored to have a do-not-see list which excludes selected elites from detection by ubiquitious surveillance cameras.