721–730 of 915 posts
Earlier quoted context omitted.
> What’s the alternative? Just a bank transfer.
The seller claims they don't see the transfer on their end, who keeps the car? Buying a car with a bank transfer is a great way to get scammed by someone selling the same car multiple times.
Earlier quoted context omitted.
> What’s the alternative? Just a bank transfer.
The seller claims they don't see the transfer on their end, who keeps the car? Buying a car with a bank transfer is a great way to get scammed by someone selling the same car multiple times.
Earlier quoted context omitted.
That is a lot like asking for a form of secure end-to-end encryption which law enforcement can monitor server-side. If a government can differentiate between a regular person and someone rich and powerful, neither of them have any privacy. There has to be invasive monitoring of the regular person to ensure they aren't stealthily becoming rich.
No it really is not. E2E encryption requires this property because everything happens over a channel which everyone (or, a lot of people) can listen into and the protocol is not really based on trust. Meanwhile the financial system is entirely based on trust (between individuals, banks, individuals and institutions, etc) and people have to place their trust in someone at some point (even very rich people doing very d…
Earlier quoted context omitted.
> Bank accounts were frozen for some people who donated money to support an illegal occupation of part of Canada's capital city, Ottawa. The occupation was a mix of people protesting COVID measures and others demanding that Justin Trudeau resign. There's certainly ... nuance you're taking for granted in declaring a mix of political protest and political protest illegal.
We're getting pretty off topic, but it wasn't what they were protesting that was illegal, it was how they did it. For a US comparison, First Amendment rights don't include a right to occupy city streets for weeks, even if you're doing it to protest the government.
Earlier quoted context omitted.
And if someone illegally occupies the front seat of a bus, or a diner counter? Is it also okay to keep them from something that belongs to them then?
If someone illegally occupied your house, would you be okay with them getting fined for it?
Earlier quoted context omitted.
>Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'. Just imagine one criminal say's to another: Sorry i cant take those 15k euros, it's illegal didn't you know that???
that isn't laundering money. Laundering money is when you take black market money and try to turn it into white market money. The conversation you hold up as a straw man to mock this legislation is taking black market money and transitioning it into: black market money.
Reminds me a joke. What is difference between conspiracy theory and reality? Approximately one year.
Earlier quoted context omitted.
Modern ways of living is more akin to using toilets. Cash isn’t an unnecessary artifact of ancient civilization that impedes progress.
Digitizing cash has moved civilization forward in ways we could never have dreamed of.
Capital controls are one of the elements of financial repression. https://en.m.wikipedia.org/wiki/Financial_repression
You have to analyse at the population here; capital controls are useful for preventing people who have accumulated sizeable asset holdings in country X from moving them to a jurisdiction Y where there are effectively no taxes. Of course this reduces the freedom of the people who control these assets, but there is a common fallacy (usually introduced by the very same people) where they claim that liberty (in the abstr…
This is obviously the first part of a major push to force us to use Central Bank Digital Currencies. Now that they are banning cash, we will be controlled like never before. This is the beginning of the end of freedom.
You don’t need CBDC, just the existing system today. Here in the UK something like 3% of money is available as paper cash. The rest is just a row in a database. Assets are zero sum - if i sell you my car, i no longer have that asset. Money is not zero sum. It is created and destroyed as loans are made and repaid. Which kinda frazzles people’s minds when they hear it. I know it certainly did mine when i first learned.…
I don't think this is true. Every transaction, even the ones that take place in the rows of a bank's database and not with physical money, involve an amount added to some account and an identical amount subtracted from another account. Even loans don't create money: the issuing bank have the amount subtracted from its reserves the exact moment the loan is made available to you.
The only method to create money would be writing a check with no date on it, which is illegal in many countries.