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Pro-cash movement warns that people could be losing more than they bargained for

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Re: Pro-cash movement warns that people could be losing more than they bargained for

#281

Post by throwuwu »

kredd wrote: post #74
londons_explore wrote: post #56

Earlier quoted context omitted.

If you visit Georgia (the country, not the state), they have a cool system for cash payments to websites. You go on the website, order your stuff. When the normal payment screen that comes up, instead of Mastercard or visa, you choose "Cash". You'll then be sent a text message with a number (or the number appears on the screen if you don't have a phone). You go to any ATM anywhere in the country, put that number into…

That is still depended on some sort of payment rails though, no? Bank, government or whoever can decline transactions to that “cash” action.

If they have the account number. Ideally you would only need a bank account with any bank for this to work. That would allow anyone to receive payment this way.

Re: Pro-cash movement warns that people could be losing more than they bargained for

#282

Post by gloryjulio »

BlueTemplar wrote: post #273
gloryjulio wrote: post #159

Earlier quoted context omitted.

Just want to comment that the 'liberals' in Canada r the definition of right wing liberal - pro business, pro oligarch, f the poors, flood the market with cheap immigrants labors while raise the property value sky high. They would give the plebs some scraps of coz. It's better to be homeless with some food than being hungry

Not like that is different in the USA ? Or did Sanders et al. suddenly become the majority of the Democrats while I wasn't paying attention ?

Maybe the poor in the US are also f? Have u considered that?

Sanders is not pro business. He is at least trying to help the ppl. He is not the usual democrats.

Sorry what's the point that u r trying to make? I never mentioned the US in the first place.

Re: Pro-cash movement warns that people could be losing more than they bargained for

#283

Post by sebzim4500 »

blown_gasket wrote: post #178
mortenjorck wrote: post #69

Earlier quoted context omitted.

> The primary benefit of cashless is pretty much just the ability to be lazy. By this logic, the primary benefit of just about every technological development in human history is the ability to be lazy. The wheel is just a crutch for those too lazy to drag their loads on sleds. The downsides of a cashless marketplace are indisputable, but “laziness” is a reductive view of the upsides.

Using your example, the wheel allows us to perform more work per unit of time. I think it would be good for discourse to identify that within society there is the general consumer public and then there is education, government, research, etc. Could you argue that the wheel allows an individual to be lazy? Definitely. Is it correct to argue that a wheel is a crutch and makes every individual that uses it lazy? Definit…

Surely the same happens with cashless payments? A teller in a store can process way more transactions via contactless than with cash in the same amount of time.

Re: Pro-cash movement warns that people could be losing more than they bargained for

#284

Post by gloryjulio »

Melting_Harps wrote: post #223
gloryjulio wrote: post #159

Earlier quoted context omitted.

Just want to comment that the 'liberals' in Canada r the definition of right wing liberal - pro business, pro oligarch, f the poors, flood the market with cheap immigrants labors while raise the property value sky high. They would give the plebs some scraps of coz. It's better to be homeless with some food than being hungry

> Just want to comment that the 'liberals' in Canada r the definition of right wing liberal - pro business, pro oligarch, f the poors, flood the market with cheap immigrants labors while raise the property value sky high. This is what I found to be the case too, it was really alarming; it was like MAGA was sped up and shipped to Canada despite it being supposedly a US-thing, whereas the US was dealing with Police bru…

Well, liberals are still liberals. They r not maga. U mean the conservative parties, they r turning into maga. Nobody cares the plebs regardless

Re: Pro-cash movement warns that people could be losing more than they bargained for

#285

Post by walterbell »

Am4TIfIsER0ppos wrote: post #268
walterbell wrote: post #21

Earlier quoted context omitted.

No one is arguing for a cash-only society. Digital has use cases. Cash has use cases. We can have both.

What? There are people in this comment section doing exactly that.

For example?

Re: Pro-cash movement warns that people could be losing more than they bargained for

#287

Post by harimau777 »

medler wrote: post #134
harimau777 wrote: post #88

Earlier quoted context omitted.

The problem is that the government often creates crimes that citizens don't agree with. Or the majority uses the law to try to force their preferences on the minority.

So should everyone simply disregard any laws they disagree with, provided they can get away with it? Where does it end?

At least in America, there's not a lot of alternatives. The system is setup in a way that favors minoritarian rule (particularly, but not exclusively by the rural) and lobbyists. Unfortunately, that means that diregarding laws that they disagree with is often the only way to represent the will of the people.

Re: Pro-cash movement warns that people could be losing more than they bargained for

#288

Post by doodlesdev »

jccalhoun wrote: post #256
user3939382 wrote: post #202

Whether or not you agreed with the trucker protest in Canada, I hope we all agree it’s pretty terrifying that the method the state decided to use to silence protesters was freezing their bank accounts without due process, any trial, anything. Cash is the best weapon against this.

Do you have a link you can give to explain what you are talking about? I"m familiar with the protest but not the other part.

https://www.businessinsider.com/trudeau-canada-freeze-bank-a...

Re: Pro-cash movement warns that people could be losing more than they bargained for

#289

Post by anigbrowl »

nateabele wrote: post #239
anigbrowl wrote: post #198

Earlier quoted context omitted.

That's a cop-out, fraudsters don't announce themselves so naturally retail businesses look for proxy markers from which to draw inferences. There's an entire money-laundering industry that aims to handle this issue for organized criminals. If you don't engage with this fact than you're just handwaving away the problem, undermining any pro-cash advocacy you engage in.

The real cop-out is that HSBC and friends launder more money for terrorists and human traffickers on a bad day than your typical local racket does in a year, and they only ever receive a token fine and slap on the wrist.

Also true, but not germane to this discussion.

Re: Pro-cash movement warns that people could be losing more than they bargained for

#290

Post by tphyahoo2 »

scoofy wrote: post #111
frfsfgxffd wrote: post #76

Earlier quoted context omitted.

Brazil is almost cashless today. first month with central bank digital currency, instant kidnaps were thru the roof. the "solution" lower limits of how much you can transfer. what a joke. now only 100usd per day can leave your pocket. wish i was kidding. even lower at night when traveling i have to wake up at 3am to make payments thanks to timezones. people can raise limits, but if you pay for something expensive onc…

Bank transactions are trivially traceable and reversible by the state. I've been actively against bitcoin and monero exactly because they facilitate kidnapping and other forms of effectively irreversible digital theft. The best part about living in a society with institutions based on trust instead of non-trust, is that it's trivially easy to eject bad actors from the system.

Without bitcoin, you collect the ransom in gold with a dead drop.

https://en.wikipedia.org/wiki/Dead_drop

"But the police can watch the dead drop."

True.

"No police or the victim dies."

Also true.

Bitcoin does make kidnapping a bit easier though. It is true.

It also makes hyperinflation by the state impossible. Hyperinflation does a lot more damage than kidnapping.

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