581–590 of 915 posts
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> What’s the alternative? Just a bank transfer.
> Just a bank transfer. Which is not free, anonymous, and require a third party.
Can't argue against the anonymous part of it but when the transaction is between me, the seller and the bank, I'm not sure why it would need to be anonymous.
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> What’s the alternative? Just a bank transfer.
> Just a bank transfer. Which is not free, anonymous, and require a third party.
A similar thing was attempted in Australia [1]. I just ask people to consider that even though we all have bank accounts and we take that for granted, there _are_ actually people who don't, and they're not operating a criminal enterprise. My grandparents came as refugees. My grandfather has never had a bank account. He bought a car with $50 bills once. It was so funny, they were all stuck together and the clerk had t…
> In his home country, you couldn't trust the banks, so people hid their money. Of course that kind of thinking is silly in Australia, but good luck explaining that to someone with war-trauma. Not too long ago we saw the Canadian government freeze bank accounts of people for protesting the Covid measures. Don’t think that it cannot happen in your country.
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“You can’t buy a car without permission” sounds tyrannical to me.
Then you have no idea what tyrannical means in practical means and are just gasping at straws. It's not a matter of permission, nor is having a car a need or a right. Do you also find needing permission (a driver's license) to drive a car tyrannical?
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> In his home country, you couldn't trust the banks, so people hid their money. Of course that kind of thinking is silly in Australia, but good luck explaining that to someone with war-trauma. Not too long ago we saw the Canadian government freeze bank accounts of people for protesting the Covid measures. Don’t think that it cannot happen in your country.
The naysayers and poo pooers are finding out why Bitcoin was invented, the hard way.
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The naysayers and poo pooers are finding out why Bitcoin was invented, the hard way.
I'm sure the hospital will accept doge any day now
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How is it money laundering when the money is already in the bank and thus accounted for?
Mob boss has lots of money and needs to launder it. Mob boss starts a building company, paying the employees with dirty cash (but hey, no income tax, so no ones complains). Building company charges customers, but asks for it in cash. Dirty money goes out to construction employees, clean cash comes in from customers. The Bank flag is just saying there is laundering occurring near the money.
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"Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'." This likely affects a number of people that is so small, that it's irrelevant. Not sure it makes sense to say that such a law that effects a tiny number of individuals is penalizing everyone.
This likely affects a number of people that is so small, that it's irrelevant No. Just no. Rights are not a for-profit balance sheet, such as when Google support provides crappy service, or ghosts you, in the name of profit. Rights are rights. Entrenched, untouchable, everlasting. And each loss affects us all, for the next right taken, is from you. Telling people they must use private enterprise, a third party and pa…
Inflation will take care of that. Also, you can't convert that money to Gold or Crypto and a house is too damn expensive to buy. So someone with 20k Euros will end up with 2k euros in value.
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Ahh yes the good ol “harder to launder dirty money argument. But, > money laundering doesn’t work like that. You don’t have large cash payments, you have a ton of smaller cash payments. > big banks launder money, have better oversight there instead of restricting cash
Money laundering, like drugs, starts in larger amounts and is broken down further down the chain it goes. Those $5 and $10 bills getting laundered started from a $50K transaction getting laundered.