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I'd hate to see a system like that where I live, because the government will abuse it. We've already seen Canada freeze bank accounts of protestors, and US offi

I'd hate to see a system like that where I live, because the government will abuse it. We've already seen Canada freeze bank accounts of protestors, and US officials put protestors on the no fly list.

HeatrayEnjoyer 2y ago
[flagged]
tialaramex 2y ago
This doesn't make sense as a prioritization. Oh no, my government might be run by nazis -> Let's make the government services crap The nazis don't need to use your crap government services, so you're just pointlessly making things worse, this is the same delusion as "But it's illegal". Why on Earth would crooks care whether what they're doing is legal? I suggest: Oh no, my government might be run by nazis -> Ensure this does not happen OR leave
- gessha 2y ago
  The nuance is it does put you in a vulnerable position. It’s the financial equivalent of putting all your eggs in one basket. It looks super convenient to pay with Wechat and Pix but I can’t imagine how bad it would be if I get on the government’s bad side. I really want a system where I can transfer money effortlessly but I also want a guarantee that I won’t be restricted access to my banking.
- deleted 2y ago
  [deleted]
- lazyasciiart 2y ago
  Unfortunately you've described the essential American view of government.
mvieira38 2y ago
Yup. Despite how magical and convenient Pix is, I still consider returning to cash just for the huge privacy liability of using Pix. But it's so engrained in the culture now that you can't really use anything else
- azlev 2y ago
  As a São Paulo citizen, I really don't recommend cash due robbery. Privacy may be a 1st world problem, but here, assault is a real concern.
  - freddie_mercury 2y ago
    Even in America it is an issue. Younger Americans maybe don't realise how prevalent muggings used to be when cash was common.
mixmastamyk 2y ago
The govt already has full access to your bank account! Always did and KYC ended privacy. Preventing convenient payment technology only hurts the rest of us. If you want redundancy buy gold coins.
- welshwelsh 2y ago
  We should focus on getting rid of KYC, instead of giving up on privacy and security.
  - kardos 2y ago
    Indeed. KYC has a purpose though -- prevention of fraud, money laundering, etc. Getting rid of KYC without a similarly-effective solution for those things seems unlikely. Ideas?
    - amrocha 2y ago
      Here’s an idea, get rid of cryptocurrencies and the need for KYC basically vanishes.
      - sneak 2y ago
        If you get rid of cocaine, the need for rehab centers also vanishes. There is no way to “get rid of cryptocurrencies” at this point save for shutting off the internet. It is not within the power of the state to prohibit, any more than prostitution or cocaine.
        amrocha 2y ago
        Sure, there would be a black market for it, but that black market would be a lot smaller than the open market we have right now. There’s plenty of legal ways of exchanging cryptocurrencies for real currencies, shutting those down would be a good start.
    - irusensei 2y ago
deleted 2y ago
[deleted]

HeatrayEnjoyer 2y ago

[flagged]

tialaramex 2y ago

This doesn't make sense as a prioritization. Oh no, my government might be run by nazis -> Let's make the government services crap The nazis don't need to use your crap government services, so you're just pointlessly making things worse, this is the same delusion as "But it's illegal". Why on Earth would crooks care whether what they're doing is legal? I suggest: Oh no, my government might be run by nazis -> Ensure this does not happen OR leave

gessha 2y ago
The nuance is it does put you in a vulnerable position. It’s the financial equivalent of putting all your eggs in one basket. It looks super convenient to pay with Wechat and Pix but I can’t imagine how bad it would be if I get on the government’s bad side. I really want a system where I can transfer money effortlessly but I also want a guarantee that I won’t be restricted access to my banking.
deleted 2y ago
[deleted]
lazyasciiart 2y ago
Unfortunately you've described the essential American view of government.

mvieira38 2y ago

Yup. Despite how magical and convenient Pix is, I still consider returning to cash just for the huge privacy liability of using Pix. But it's so engrained in the culture now that you can't really use anything else

azlev 2y ago
As a São Paulo citizen, I really don't recommend cash due robbery. Privacy may be a 1st world problem, but here, assault is a real concern.
- freddie_mercury 2y ago
  Even in America it is an issue. Younger Americans maybe don't realise how prevalent muggings used to be when cash was common.

mixmastamyk 2y ago

The govt already has full access to your bank account! Always did and KYC ended privacy. Preventing convenient payment technology only hurts the rest of us. If you want redundancy buy gold coins.

welshwelsh 2y ago
We should focus on getting rid of KYC, instead of giving up on privacy and security.
- kardos 2y ago
  Indeed. KYC has a purpose though -- prevention of fraud, money laundering, etc. Getting rid of KYC without a similarly-effective solution for those things seems unlikely. Ideas?
  - amrocha 2y ago
    Here’s an idea, get rid of cryptocurrencies and the need for KYC basically vanishes.
    - sneak 2y ago
      If you get rid of cocaine, the need for rehab centers also vanishes. There is no way to “get rid of cryptocurrencies” at this point save for shutting off the internet. It is not within the power of the state to prohibit, any more than prostitution or cocaine.
      - amrocha 2y ago
        Sure, there would be a black market for it, but that black market would be a lot smaller than the open market we have right now. There’s plenty of legal ways of exchanging cryptocurrencies for real currencies, shutting those down would be a good start.
  - irusensei 2y ago

deleted 2y ago

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