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EU-wide maximum limit of €10K for cash payments

consilium.europa.eu

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Re: EU-wide maximum limit of €10K for cash payments

#801

Post by B8MGHCBekDuRi »

hartator wrote: post #535
benhurmarcel wrote: post #397

Earlier quoted context omitted.

> What’s the alternative? Just a bank transfer.

> Just a bank transfer. Which is not free, anonymous, and require a third party.

unless you print the money at home, it always gonna involve three parties.

I believe that by anonymous you meant secret.

It's not anonymous, the person who sold the item already learned a lot of things about you and you about the buyer, including your faces and what was the transaction about, which is often more than enough to identify people.

What difference does it makes if the bank knows about the transaction?

And why you wanna hide it from the bank?

There's probably a good reason, but it raises more questions than it's worth, so the reason must be veeeeeery good.

Re: EU-wide maximum limit of €10K for cash payments

#802

Post by B8MGHCBekDuRi »

akimball wrote: post #670
Matthias247 wrote: post #562

Earlier quoted context omitted.

bank transfers are usually free in europe

Sine secretum non Libertas.

made up Latin adage is more than enough to identify you as a monero spammer.

sine intelligentia non sunt secreta

Re: EU-wide maximum limit of €10K for cash payments

#803

Post by B8MGHCBekDuRi »

rosnd wrote: post #666
benhurmarcel wrote: post #397

Earlier quoted context omitted.

> What’s the alternative? Just a bank transfer.

The seller claims they don't see the transfer on their end, who keeps the car? Buying a car with a bank transfer is a great way to get scammed by someone selling the same car multiple times.

> The seller claims they don't see the transfer on their end, who keeps the car

you, if you transferred the money.

the seller, if you did not.

Re: EU-wide maximum limit of €10K for cash payments

#804

Post by pclmulqdq »

ls15 wrote: post #795
pclmulqdq wrote: post #785

Earlier quoted context omitted.

What's respectful about presenting you with a wall of text T&C document, giving you a checkbox to indicate you read it, and mining the crap out of your data on a server located in Europe? GDPR allows that - in fact, it assumes that you will want to mine the crap out of user data and specifies where. GDPR has a few good ideas about encrypting data buried in its ~170 articles, but most companies were doing that already…

Other websites like Github decided to comply in a way that does not require cookie banners. I think that the users appreciate it.

There are a lot of other clauses than just the cookie banners. In fact, the cookie banners are far from the most annoying part if you want to be compliant.

I would go so far as to say that most startups which don't do 100% of their compute within European borders are likely non-compliant with GDPR by the law as written.

Edit: To be clear, I would have no problem with the level of trade protectionism if it only applied to companies that do $X million of business in the EU. That's how every other data residency law is set up. If you want to force series E+ companies through weird hurdles, have fun.

Re: EU-wide maximum limit of €10K for cash payments

#805

Post by rosnd »

B8MGHCBekDuRi wrote: post #803
rosnd wrote: post #666

Earlier quoted context omitted.

The seller claims they don't see the transfer on their end, who keeps the car? Buying a car with a bank transfer is a great way to get scammed by someone selling the same car multiple times.

> The seller claims they don't see the transfer on their end, who keeps the car you, if you transferred the money. the seller, if you did not.

How could that work? There's no way to tell if the sender or recipient is being dishonest.

Another common scam involves the buyer using a fake bank app to pay for goods, seller sees the money transferred right in front of them but never receives it.

Re: EU-wide maximum limit of €10K for cash payments

#806

Post by rosnd »

bonzini wrote: post #692
rosnd wrote: post #666

Earlier quoted context omitted.

The seller claims they don't see the transfer on their end, who keeps the car? Buying a car with a bank transfer is a great way to get scammed by someone selling the same car multiple times.

I don't know what kind of prehistoric banking system exists in the US, but that just won't happen. The buyer has a bank transfer id and both parts can check the status with their bank. There are also instant transfers that cost around 1€ of fixed commissions. They complete in about ten seconds after which the other side can check their account and the money will be there. And finally you can use a money order if you…

>I don't know what kind of prehistoric banking system exists in the US

I wouldn't know, given that I am European.

> The buyer has a bank transfer id and both parts can check the status with their bank.

Generally there is no quick and easy way to verify that the beneficiary has actually received their funds.

>There are also instant transfers that cost around 1€ of fixed commissions. They complete in about ten seconds after which the other side can check their account and the money will be there.

So what? There are lots of banks which do not support instant transfers, sometimes instant transfer money just doesn't show up instantly and there's very little visibility that end-users would have into that.

Re: EU-wide maximum limit of €10K for cash payments

#807

Post by thiht »

pclmulqdq wrote: post #783
thiht wrote: post #735

Earlier quoted context omitted.

You guys are unbelievable. Of course GDPR makes some things harder. It’s the whole point. GDPR is probably one of the biggest pro-freedom laws of the last years. Not big corp freedom for sure, but people freedom, and that’s GOOD. But Americans with their skewed vision of freedom just can’t see it I guess. Honestly if GDPR pisses off Americans, it probably means it hit on the nail.

We just define freedom differently than you do. I honestly think your version is weird and totalitarian, exactly the way you think mine is. Here's mine: "Freedom" is what you have in the absence of coercion. The freest state of being is being the last person alive on Earth. Freedom gives you nothing, because if freedom gave you something then someone else would have been coerced into giving it to you. Freedom also gi…

> Uniquely, GDPR goes a step further and tries to impose this burden on everyone in the world, not just people and companies that have signed up for the European project.

This is precious! The US has imposed their views on the internet for the past 30 years. How is GDPR unique? The difference is once again that GDPR is favorable to EU citizens (because yeah, GDPR only applies to EU citizens) and your laws (Cloud Act, DMCA, and basically all your copyright laws that stole us our fair use rights and allow for tech behemoths to grow and exist) just favor big companies, and only them. Don’t confuse freedom and extreme liberalism.

> Europe as a whole has given up the freedom to "start up" without compliance with a huge number of rules and regulations

Yes. This is a good thing. The end doesn’t justify the means. We still have unicorns and well doing companies.

> notice how I didn't mention privacy or user security).

Well, your mistake.

Re: EU-wide maximum limit of €10K for cash payments

#808

Post by Karsteski »

epolanski wrote: post #753
chmod775 wrote: post #737

Earlier quoted context omitted.

So because people don't routinely make use of their freedom to pay in cash, it's okay to take it away? I now understand why some people in the states walk around openly carrying firearms, exercising their rights.

What the hell is "freedom to pay in cash" even supposed to mean. Why would I, a buyer, have any reason to want to receive large sums of money phisically rather than digitally if it's not for tax evasion? Having lots of money on you is dangerous and a hassle. There's literally no good reason for this "freedom" that isn't tax evasion, money laundering or paranoid "being controlled".

It genuinely blows my mind that there are people like yourself who seem to act like they do not understand the concept of oppressive governments. It's all well and good to have this stance now, but what happens when you are the oppressed? I doubt you'd be singing the same tune

Re: EU-wide maximum limit of €10K for cash payments

#809

Post by throwaway22032 »

There are so many weird responses here about "need".

If it becomes illegal for me to eat breakfast, I'm not going to stop eating breakfast.

I'm sure that if we all gave up breakfast we could like, squeeze a few more humans onto the planet or something.

I'm still gonna eat my breakfast, you can come and arrest me.

I don't "need" breakfast. I want it. It works for me.

Same as cash works for me.

Re: EU-wide maximum limit of €10K for cash payments

#810

Post by Quarrelsome »

akimball wrote: post #678
Quarrelsome wrote: post #442

Earlier quoted context omitted.

taxation is not oppression, it is the means of seeking to fund the government. Taxation is applied in almost every EU nation on a sliding scale that almost entirely ensures that it is evenly applied to every single citizen. I would argue that formulating this scenario as "oppression" demonstrates that you do not accept the democratic mandate of government and view government as an enemy which you should hide your ear…

No, taxes do not fund governments in the modern era.

sorry, what is it you mean exactly?
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