611–620 of 915 posts
This is obviously the first part of a major push to force us to use Central Bank Digital Currencies. Now that they are banning cash, we will be controlled like never before. This is the beginning of the end of freedom.
Could not agree more. I'm completely flabbergasted by the amount of people on HN that seem so blind to this observation.
I've noticed some similar in America recently. I've got friends who move 5-6 figure sums for various personal businesses, and their banks have been extra critical of their transactions. One bank got so annoying, that my friend tried to close the account, and couldn't! Lately hearing more and more stories about people getting de-banked, as been making me feel a little nervous. In the cases of the banks and my business…
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For people not familiar with Canadian politics, this summary missed some important nuance. Bank accounts were frozen for some people who donated money to support an illegal occupation of part of Canada's capital city, Ottawa. The occupation was a mix of people protesting COVID measures and others demanding that Justin Trudeau resign. https://www.cbc.ca/news/politics/emergency-bank-measures-fin...
Yes, the people with power to declare stuff illegal can always say that whatever you’re doing is illegal before freezing your bank account. Was your comment meant to reassure me?
Your point stands that governments/courts decide what is illegal and that they have the power to freeze bank accounts when those accounts are used to fund illegal activities.
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No citation needed. It doesn't take much brain power to know that certain things are or aren't likely. It would be like asking me to prove that not many people have done the calculation of 15435 divided by 12.5 in their life. I can just tell you from basic logical thinking, that it's not likely that many people have.
€10K is not that much.
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> Just a bank transfer. Which is not free, anonymous, and require a third party.
If I'm transferring €10k to someone I don't want it to be anonymous. I want to know who got my money so I can go after them if it turns out to be fraudulent.
There are close to 20 billions $ of Russian oligarchs frozen assets now - I bet almost none of it was acquired in cash.
While of course there are some that do use cash, the bigger offenders are not - so it may be a good idea to start with the real problems…
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No citation needed. It doesn't take much brain power to know that certain things are or aren't likely. It would be like asking me to prove that not many people have done the calculation of 15435 divided by 12.5 in their life. I can just tell you from basic logical thinking, that it's not likely that many people have.
€10K is not that much.
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"Cash is king. If you are buying a non running classic car and have a tow vehicle and trailer ready you can drive a hard bargain in the moment." If I send a 10k payment to someone via bank transfer it's in their bank account in 10 seconds. Maybe you live in a country where there are much harsher restrictions?
It is about speed. If someone offers 10k in cash and someone talk about wire transfer blahblah, sellers will always prefer the buyer just paying in cash.
Earlier quoted context omitted.
For people not familiar with Canadian politics, this summary missed some important nuance. Bank accounts were frozen for some people who donated money to support an illegal occupation of part of Canada's capital city, Ottawa. The occupation was a mix of people protesting COVID measures and others demanding that Justin Trudeau resign. https://www.cbc.ca/news/politics/emergency-bank-measures-fin...
> Bank accounts were frozen for some people who donated money to support an illegal occupation of part of Canada's capital city, Ottawa. The occupation was a mix of people protesting COVID measures and others demanding that Justin Trudeau resign. There's certainly ... nuance you're taking for granted in declaring a mix of political protest and political protest illegal.
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Yes, the people with power to declare stuff illegal can always say that whatever you’re doing is illegal before freezing your bank account. Was your comment meant to reassure me?
It wasn't, no. It was meant to clarify for other readers that people didn't have their bank accounts frozen for protesting COVID; they had their bank accounts frozen for financially supporting or participating in an illegal occupation of a city centre. Your point stands that governments/courts decide what is illegal and that they have the power to freeze bank accounts when those accounts are used to fund illegal acti…