11–20 of 136 posts
The implications of a cashless society on privacy are terrifying
Businesses would love to be able to exclude people too poor to use their services from society- It's a real ugly situation. Like a decentralized apartheid based on financial status.
Without the government stepping in and trying to prevent this discrimination, there is no one to stand up for these human being's lives
One of the problems with a cashless society is that the banks aren't required to give you a bank account. If none of the banks will give you a bank account, and there's no such thing as cash... then you're just not allowed to have money. That shouldn't be a position that it is possible to get into.
In the UK, the nine largest banks are legally required to offer basic bank accounts specifically to cater to people who cannot otherwise get a bank account.
One of the problems with a cashless society is that the banks aren't required to give you a bank account. If none of the banks will give you a bank account, and there's no such thing as cash... then you're just not allowed to have money. That shouldn't be a position that it is possible to get into.
Sidenote: I was in on bitcoin back when you could generate blocks with a CPU... and came to the conclusion that privacy of transaction was too fundamental to a good coin and abandoned bitcoin. Given central banks ability to invent money at scale, I also always thought the 50% attack was something they would work towards... and so that's the story of how I almost became a millionaire.
One of the problems with a cashless society is that the banks aren't required to give you a bank account. If none of the banks will give you a bank account, and there's no such thing as cash... then you're just not allowed to have money. That shouldn't be a position that it is possible to get into.
It seems like helping people get bank accounts would be what you’d want, though the IT issues arround outages and lack of network services in area is a hard one.
One of the problems with a cashless society is that the banks aren't required to give you a bank account. If none of the banks will give you a bank account, and there's no such thing as cash... then you're just not allowed to have money. That shouldn't be a position that it is possible to get into.
What’s the reason they wouldn’t give you an account? It seems like helping people get bank accounts would be what you’d want, though the IT issues arround outages and lack of network services in area is a hard one.
I've personally seen friends struggle with all of the above, but the reloadable AMEX cards at Walmart seem to be doing well to fill in the gaps (except for not being able to direct deposit into them)
One of the problems with a cashless society is that the banks aren't required to give you a bank account. If none of the banks will give you a bank account, and there's no such thing as cash... then you're just not allowed to have money. That shouldn't be a position that it is possible to get into.
A lot of people don't realize that in the US at least, there is a semi-secret banking blacklist, where banks will just deny you all services. I know because I managed to get on it, and then managed to get off it, no easy feat. How I got there is another story, but banks are not a friend of the people, and moves towards a cashless society give them even more power, something they already have too much of. Sidenote: I…
https://www.treasury.gov/ofac/downloads
[1] or someone with the same name and similar residential history
One of the problems with a cashless society is that the banks aren't required to give you a bank account. If none of the banks will give you a bank account, and there's no such thing as cash... then you're just not allowed to have money. That shouldn't be a position that it is possible to get into.
A lot of people don't realize that in the US at least, there is a semi-secret banking blacklist, where banks will just deny you all services. I know because I managed to get on it, and then managed to get off it, no easy feat. How I got there is another story, but banks are not a friend of the people, and moves towards a cashless society give them even more power, something they already have too much of. Sidenote: I…
Check out creditboards.com for lots of ways to get those companies to straighten up.
One of the problems with a cashless society is that the banks aren't required to give you a bank account. If none of the banks will give you a bank account, and there's no such thing as cash... then you're just not allowed to have money. That shouldn't be a position that it is possible to get into.
A lot of people don't realize that in the US at least, there is a semi-secret banking blacklist, where banks will just deny you all services. I know because I managed to get on it, and then managed to get off it, no easy feat. How I got there is another story, but banks are not a friend of the people, and moves towards a cashless society give them even more power, something they already have too much of. Sidenote: I…
Those stories tell you a lot about the person in question. How it didn't work out and how they cope with that "loss".
Yours is the first where someone coped out because not being satisfied with the kind of privacy Bitcoin provides.
Earlier quoted context omitted.
What’s the reason they wouldn’t give you an account? It seems like helping people get bank accounts would be what you’d want, though the IT issues arround outages and lack of network services in area is a hard one.
In the USA, not meeting minimum deposit requirements, having a bad credit history or trackrecord with banks, not paying monthly fees, and not knowing how to use a computer can all preclude someone from being able to qualify or use a bank account. I've personally seen friends struggle with all of the above, but the reloadable AMEX cards at Walmart seem to be doing well to fill in the gaps (except for not being able to…
You need to keep things off the books sometimes. Try saving up for a significant other's gift, if you can't keep a few things hidden.