Cash payments above €3000 to be outlawed in Netherlands • Hacker News Board

Re: Cash payments above €3000 to be outlawed in Netherlands

#141

Post by xxs » Wed, Aug 23, 2023, 2:22 PM UTC

rootusrootus wrote: post #129

xxs wrote: post #61

Earlier quoted context omitted.

>Cash isn't great, but some people don't use online banking This is the US version of the events. I don't know all EU member states in detail, but I can't think of one where it's possible to receive salary/pension in cash. Cheques have not been a thing for 20y+, I wonder if they are still issued.

> This is the US version of the events. By far the most common method of receiving income from an employer in the US is direct deposit. For people who refuse, the fallback position is typically a card (essentially a refillable gift card). Checks still do exist, but primarily for one-off payments where the payer and payee don't have much of a relationship.

I meant "some people don't use online banking"

Re: Cash payments above €3000 to be outlawed in Netherlands

#142

Post by jokethrowaway » Wed, Aug 23, 2023, 2:22 PM UTC

post-it wrote: post #47

po8tin wrote: post #26

Earlier quoted context omitted.

[flagged]

Yeah but capitalism isn't going away, it's just transitioning into full surveillance capitalism.

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.

There is nothing capitalistic in surveillance, there is nothing capitalistic about our regulated market.

These are the hallmarks of a socialist regime - and, surprise!, you live in one.

Re: Cash payments above €3000 to be outlawed in Netherlands

#143

Post by kaladin-jasnah » Wed, Aug 23, 2023, 2:22 PM UTC

mtmail wrote: post #21

Some countries like Denmark (starting 2020) have banned paying with the 500 Euro bank note. It's also no longer printed, but some 600 million of them still exist. I've seen a documentary where (I think it was Swedish police) would like to ban 200 Euro notes as well.

Are Euros accepted in Denmark when the currency is the krone? I recognise that Denmark is part of the EU, but it has an opt-out for the Euro. Is it standard practice to accept Euros in general, be it 500 Euros or less in parts of the EU that have not adopted the Euro (eg. Sweden, Romania, the Czech Republic, etc.)?

Re: Cash payments above €3000 to be outlawed in Netherlands

#144

Post by MSFT_Edging » Wed, Aug 23, 2023, 2:22 PM UTC

mdrzn wrote: post #91

MSFT_Edging wrote: post #85

Earlier quoted context omitted.

How else would you buy a used car/motorbike from a private party?

Send it via bank? A quick and free bank transfer which also works out as "receipt" of payment.

How fast are bank transfers over there? In the US we have "same day" for small amounts, and a multiple day long clearing for bank to bank personal transfers for larger amounts, ie what you'd pay for a car. Then you'd need a bunch of their banking info.

I don't know about your experience, but I'd like to limit the amount of PII I give to the type of folks I buy used vehicles from. With cash, you both go on your way with the title. Its not to say they were criminals, but I also don't have much reason to trust them beyond the transaction.

For example, I was helping a friend buy a motorcycle. The seller arrived on the bike, we checked it out, paid, etc. He had a shirt on that said something like "stop domestic abuse". Then when his wife/gf/partner showed up to pick him up, he immediately started throwing verbal abuse at her. The guy was unstable but it wasn't immediately obvious. We already had the bike, the title, and we were on our way.

Re: Cash payments above €3000 to be outlawed in Netherlands

#145

Post by sgt101 » Wed, Aug 23, 2023, 2:22 PM UTC

whelp_24 wrote: post #107

po8tin wrote: post #26

Earlier quoted context omitted.

[flagged]

It's funny, because cash transactions are definitely more common among poorer people. Also, using (even more) imaginary money benefits banks, ultra wealthy, and governments not regular people. Even among the criminals laundering money, the influential and wealthy ones (i.e, the ones these laws should stop) will have little problem adapting. The influence these types of laws stop is that of regular citizens.

Nonsense - it stops criminals and tax evaders from doing the things that they do to undermine society.

Re: Cash payments above €3000 to be outlawed in Netherlands

#146

Post by freedude » Wed, Aug 23, 2023, 2:22 PM UTC

duxup wrote: post #108

jjgreen wrote: post #48

Earlier quoted context omitted.

Use it or lose it.

I can't disagree, but there's also reasons I don't use it.

I challenge you to analyze them over the long term. I believe you will find they are poor reasons that don't hold up to long term thinking.

Re: Cash payments above €3000 to be outlawed in Netherlands

#147

Post by zeroonetwothree » Wed, Aug 23, 2023, 2:22 PM UTC

ohgodplsno wrote: post #54

throwaw33333434 wrote: post #33

If the endgame is to ban cash, what would be the back up plan for in case of war, solar flare* or other natural disaster? *electromagnetic pulse destroy electronic devices (no ATMs, card readers)

If an EMP truly destroys most of our electronic devices, money will be the least of your worries.

The world worked fine before electronics. Sure, the adjustment period would be harsh, but it’s silly to think civilization would end completely.

Re: Cash payments above €3000 to be outlawed in Netherlands

#148

Post by whelp_24 » Wed, Aug 23, 2023, 2:23 PM UTC

jzb wrote: post #92

zer8k wrote: post #63

Earlier quoted context omitted.

Because they can't track it. Without total control of every aspect of your life they can't make sure you're a Good Person (TM). What if we let the Bad Guys (R) do whatever they want? Won't you think of the children? You wouldn't want children hurt would you? The irony of all this is the people that want sex workers, minorities, and other marginalized communities to live without fear also vote for these policies to ke…

Okay, why is Good Person (TM) and Bad Guy (R)? Are Good People still waiting for approval?

The good guys change hands a lot, but the bad guys are always the same amorphous group with small rebrands.

Re: Cash payments above €3000 to be outlawed in Netherlands

#149

Post by leesalminen » Wed, Aug 23, 2023, 2:23 PM UTC

raverbashing wrote: post #77

mrmanner wrote: post #44

Earlier quoted context omitted.

> Remember: A trader in the EU is not obligated to accept more than 50 metal coins for the same payment. I shall try and remember that.

Interesting. That's max 100EUR in coins And I'm glad coins are more popular in Europe than in the US because those $1 notes take too much space

Wow, as someone from the US I always thought the $1 notes were far superior to the equivalent coins in other countries. I dislike having coins in my pocket, but already have a note or 2. Adding a couple more adds negligent space.

Re: Cash payments above €3000 to be outlawed in Netherlands

#150

Post by dealuromanet » Wed, Aug 23, 2023, 2:23 PM UTC

Apofis wrote: post #133

dealuromanet wrote: post #99

[flagged]

My friend, no one really carries cash anymore.

Friend, I recommend carrying cash and using exclusively cash from now on and raising a stink about this legislation while there is still freedom to push back on it.