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We need an alternative currency to credit cards that is easy to transfer to other people and anonymous. We need....cash.
by latj 13y ago
We need an alternative currency to credit cards that is easy to transfer to other people and anonymous. We need....cash.
- EthanHeilman 13y agobitcoin, litecoin, freicoin,
- stfu 13y agoBut don't you know that these are only used by criminals and terrorists for money laundering...
- EthanHeilman 13y agoI realize sarcasm, but I wish to note the following facts about the world: * All currency and barter systems ever successfully deployed have been used by criminals, terrorists for money laundering. The use of these systems by such people is merely a sign of widespread adoption and ease-of-use. * In the modern world every human is a criminal because the laws contradict each other and almost all human actions involve the violation of laws.
- stfu 13y agoCompletely agree with you. But the money laundering argument seems to become the CP of financial services. If you somehow establish the notion that a) for "something" illegal, b) money laundering (&terrorists), and c) tax evasion, you pretty much can rally up any political spectrum against it.
- alan_cx 13y agoNever forget to include in that list "pedophiles". Some sarcasm there, but, on reflection, not really. Which is sad.
- DamnYuppie 13y agoCash is good, would be even better if it wasn't regulated by the Fed. We need a currency whose value is not determined behind closed doors. Cash is fine as long as it is backed by something tangible.
- venomsnake 13y agoDon't mix store of value and medium of exchange. Cash has always been very good medium of exchange except in few rare cases.
- pessimizer 13y agoThe value isn't determined behind closed doors; the strategies that they are going to use to push the value of cash to a desired value are determined behind closed doors. This can be done for any (crypto)currency or commodity, because nobody gets to determine what other people are willing to pay for something, you can just try to make that thing more attractive or less attractive.
- jlgreco 13y agoIf you want to store or transfer your wealth with something backed by something "tangible", you can always trade in commodities.
- segmondy 13y agoor a payments gateway that is not rooted in the US.
- chris_mahan 13y agocan gold be shipped? Gold in 1/10 oz coins should be fairly anonymous.
- chris_mahan 13y agosee http://goldsilver.com/international/ http://goldsilver.com/international/ Obviously this is a dealer, but I suppose it would be possible.
- smellf 13y agoYes. You can legally ship cash and precious metals up to a certain limit, although I think I read something about the EU trying to ban these kind of shipments soon.
- stfu 13y agoAny source for that? Would love to read a bit up on that EU situation.
- Silhouette 13y agoI don't have a specific source, but there was a lot of talk about this kind of thing in Europe earlier this year, around the time certain governments proposed or implemented big cash grabs, particularly in Cyprus. Likewise there have been draconian restrictions proposed or implemented on withdrawing large amounts of cash from bank accounts, taking currency out of the country, and so on. Presumably those governments can't afford for the wealthy to run from centrally controllable banking systems to tangible assets like gold, because short of raiding everyone's home the cash grab strategy fails at that point. If those assets are small enough to be smuggled out, then even raiding homes wouldn't help. The problem they now have, of course, is that some places have lost anything resembling public trust in either the government or the banking sector. The moment they lift the restrictions, they're going to see a large chunk of wealth leaving their borders. Moreover, their chances of getting serious investment from anyone to help their countries recover from the financial mess of recent years are now very low, and any investment they do get is going to have all kinds of horrible strings attached and high interest rates.
- DanBC 13y agoAnything easier to transfer to other people than credit cards sees even higher rates of misuse by criminals.
- dredmorbius 13y agoCash doesn't have chargebacks.