211–220 of 802 posts
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Why would you never cash in stablecoins? They are used for payments
Do you consider sending them to another person cashing them in? I'm referring to bob's stablecoin -> bob's fiat -> alice's payment, and suggesting that their goal is bob's stablecoin -> alice's stablecoin, and avoiding the stablecoin->fiat (cashing in) phase entirely.
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Why do I get the feeling that you hope for this outcome, from this comment? And maybe you never visited the Netherlands? By the way, the boiling frog thing has been debunked many times: https://en.wikipedia.org/wiki/Boiling_frog
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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.
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Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.
I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?
In reality, there’s hardly any 3,000 euros+ transaction where a business or individual will accept cash. That’s too much money to have on hand when a bank transfer is much more comfortable…still happens rarely though so I think this law is overreaching.
Disclosure: I’m not Dutch nor European so my opinion hardly matters here.
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Why do I get the feeling that you hope for this outcome, from this comment? And maybe you never visited the Netherlands? By the way, the boiling frog thing has been debunked many times: https://en.wikipedia.org/wiki/Boiling_frog
I do not hope for it. But if it happens, may it serve as a warning and example to everyone else who has freedom and does not currently cherish it enough. I know that what happened to the truckers in Canada when they had their electronic assets frozen certainly woke up people in Canada to a degree.
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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.
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In Canada, and I think the US we cannot cross the border with > 10k in cash (edit: more if you declare it as mentioned below). The law has been there for as long as I can remember, be I sure purchasing power of 10k has gone down by at least a factor of 4-10 over the life of the law. All regulation type laws need sunset clauses and all dollar amounts should be inflation linked. The government shouldn't be able to scam…
You can (of course) cross the border with more than $10k in cash. You have to declare it.
This is one of those things that sounds simple, but in practice, YMMV.
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Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.
I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?