With the death of cash, privacy faces a deeply uncertain future
1–10 of 63 posts
Re: With the death of cash, privacy faces a deeply uncertain future
#2As long as it's framed as a way to cut off immoral right wing extremists from the financial system, Silicon Valley will enthusiastically embrace dystopian government control of currency.
Re: With the death of cash, privacy faces a deeply uncertain future
#3Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
Re: With the death of cash, privacy faces a deeply uncertain future
#4Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
> Has anyone found a use for cash outside financing criminal operations
Buying groceries.
Re: With the death of cash, privacy faces a deeply uncertain future
#5Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
> Has anyone found a use for cash outside financing criminal operations?
That sounds like a restatement of 'who needs privacy if you have nothing to hide'. I use cash because I don't feel like making my purchase history available to anyone with deep pockets. If someone wants to figure out what I buy, I'd rather they just go ahead and hire someone to follow me around.
Re: With the death of cash, privacy faces a deeply uncertain future
#6Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
Giving money to homeless people.
And as a general principle I don't like having all of my transactions logged and tracked. That's the same fallacy of "if you have nothing to hide, then submit yourself to complete tracking"
Re: With the death of cash, privacy faces a deeply uncertain future
#7Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
I think cash is a failsafe against potential tyranny - so if you value that then there's a need to maintain the cash system and requiring accepting cash as an option.
Re: With the death of cash, privacy faces a deeply uncertain future
#8I don't like not being able to participate in society when the bank has a technical problem or my credit card company thinks I am committing fraud.
Taking away cash puts me at the mercy of these systems, which is uncomfortable.
I'm also more financially responsible when I have cash, and there are never any 'pending' transactions.
Re: With the death of cash, privacy faces a deeply uncertain future
#9Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
You can't be stopped because Visa and MC don't like what you're doing.
EDIT: here's a quote from when this was discussed in HN last time:
> A society without cash is a society in which every person has no choice but to get the permission of someone they don’t know and will never meet each and every time they seek to obtain food, water, shelter, or transportation, and that permission can be revoked instantly, silently, and invisibly at any time.
Re: With the death of cash, privacy faces a deeply uncertain future
#10Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
Cash can be stolen but it can't be data breached. Steal my wallet and get $40. Steal my card and I have hours of work todo to get back to whole even "getting any stolen money back". I prefer cash for small transaction walking around money.