111–120 of 802 posts
Earlier quoted context omitted.
Which is funny because I can cross any border with 12 words in my head containing stablecoins.
Which becomes a problem once you try to cash them in.
There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.
Wow Greece has a limit of 500 euro, but: "There is no cash limit for car purchases" wth? EDIT: Also this something that I didn't know about the UK > With regard to the change, there are unlimited payments of £ 5, £ 2 and £ 1. Coins with a face value of 50p, 25p and 20p can pay amounts up to £ 10, with 10p and 5p up to £ 5 and with 2p and 1p up to 20p.
Suppose I try to pay for this £12 crate of Coke cans with twenty four 50 pence pieces. The rule you quoted says that won't work, but it totally will in most cases especially at larger stores or if it's obvious I don't have any other money.
On the other hand suppose I try to buy five £1 packs of Harribo bear candy with a hundred five pence pieces from the grumpy corner store guy who knows perfectly well I have a credit card. He's going to tell me to fuck off, and perhaps rightly so.
Let bring back gold payments! There are already some institutions that offer gold certificates: notes that represent gold stored in some bolt and collectable on demand. It was a good idea all along and the reason that "gold back currency does not fit a growing economy" is BS if not properly substantiated.
There was one called Liberty Reserve that was catching on, but predictably they were raided and shut down.
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 a solar flare powerful enough to destroy the entire electronic payment system were to occur I'm sure everyone will be fine with you buying your storable food and colloidal silver with cash.
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>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.
In Ireland, for example, it is possible (and popular) to receive state pensions in cash.
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Yeah but capitalism isn't going away, it's just transitioning into full surveillance capitalism.
Oh please. This is entirely about making things fair by cutting down on people, cheating the tax code. As much as people hate taxes, they are essential for a society to function… it is essentially your way of buying into the privilege of living in a nice society.
Which is fine as long as desirable business remains lawful... Until the government decides they don't like something that we do actually want.
The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.
How else would you buy a used car/motorbike from a private party?
Give it a decade or two of inflation, and that's cash effectively outlawed
Cash payments over (few) thousands are not permitted in the most/many EU member state already. NL are just catching the train. Greece has it as low as 500 Euro.
But really who wants to live in a system where you are so clearly funnelled from what it is you do every day to what it is you consume?