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What does it have to do with cash? Ever heard of bank transfers? Spending $10,000 cash sounds ridiculously unsafe for both parties. > Since when? Drug deals,
by thiht 3y ago
What does it have to do with cash? Ever heard of bank transfers? Spending $10,000 cash sounds ridiculously unsafe for both parties.
> Since when?
Drug deals, money laundering schemes, theft, ransoms, etc.
I fail to see non illegal way to obtain $10,000 cash. And if you can get it legally, just do bank transfers instead
- tomrod 3y agoIt's a very small universe to assume that only illegal activity is conducted with 10k in currency.
- thiht 3y agoI keep asking for legitimate uses of 10k in cash but the only answer I get is that it’s none of my business. It raises questions.
- tomrod 3y agoBecause it _is_ none of your business. But feel free to review the thread, there are plenty of examples why having large cash reserves and transaction may be helpful for a given situation. The argument for reporting is equivalent to "you have nothing to hide" and privacy. This is another aspect of privacy.
- Gunnerhead 3y agoWhat if I have a fetish and want to buy some crazy sex swing. I don’t want you to know, I don’t want the bank to know, or the government to know. This is 100% legal and 100% none of your business and I prefer to keep it that way.
- thiht 3y agoBut banks or the government don’t get the details of what you buy
- Gunnerhead 3y agoUnfortunately that’s what makes it scary, what you’re saying isn’t true. Look up “L3 Processing Data” which is becoming more and more common (which informs the payment provider/bank about exactly what you purchased). AmEx for example is notorious for implementing that. Furthermore, they don’t need the details. What if I just don’t want the government or bank to even know that I spent $10K at “Smucks Sex Store Co.”? Anyway, I hope you’re starting to see the importance of privacy and cash. Even if they’re ridiculous and silly to someone else.