Which is exactly what happened in Sweden, according to the article.
They can't skim my cash, can't MITM my cash transactions, they can't accept payment and then not deliver (more fraud than theft, but still) because the cash and the object being purchased are both right there.
So I think you are wrong.
Sweden made cash (practically) illegal so now everyone has one less choice.
Not at all like cash, which just requires the entity to accept it as legal tender.
It is entirely possible to live your entire life, paying with only cash, in the United States. The hardest part would likely be paying rent, but even that isn't unheard up to pay with using cash.
Society is not cashless. The edge cases you are talking about rarely ever come up. If it is possible to only pay with cash, then the last hop is all that matters for you as an individual.
This would be abused in the US in very short order. How it works for the swedes should be interesting.
Paypal cite the following reasons that they may freeze or suspend an account (at their sole discretion):
- You’ve received an abnormally large amount of money in your account that is way above your average
- Someone has filed a complaint to Paypal about your business
- A series of chargebacks have been placed against your account
- Your website has questionable content
- You are in violation of Paypal’s use policy. For example if you sell drugs or anything illegal, you may get banned
- Your account information is not up to date or your account is not fully verified
- Someone has logged into your Paypal account from a strange location.
- Your credit score is low or something with your background history makes you a higher risk customer
- They have detected fraudulent activity on your account.
> WikiLeaks' founder accused two members of Congress of pressuring MasterCard (MA) and Visa (V) to block payments to his group after it published thousands of confidential messages about U.S. diplomacy and the wars in Iraq and Afghanistan.
> Julian Assange charged Tuesday that Sen. Joseph Lieberman of Connecticut and Rep. Peter King from New York influenced the moves by both companies in December 2010 to halt the payments.
> Assange, speaking to reporters from the Ecuadorean embassy in London, where he claimed asylum in June to avoid extradition to Sweden to face charges of sexual assault, said the blockade had eliminated 95% of WikiLeaks' revenue and cost the group roughly $50 million in donations.
Of course, it could be argued that we don't have a competitive payments market. But then your proposition wouldn't reflect the real world.
This happens all of the time to lots of people.
The biggest example is probably legal porn transactions that get censored by all the major financial companies.
If you want to get into political discrimination, we can bring up how wikileaks, which broke zero laws, had all their payment processing revoked.
And more recently, we can bring up legal services such ash GAB, that are being targeted for political reasons, and have had payment processing revoked.
It is not ok that a political organization, that did not break any laws, have had multiple payment processors collude together to censor their transactions.
It seems that the 'not breaking any laws' part should preclude actions by law enforcement/government, but why shouldn't private companies be allowed to act on political motives? I get that there's a potential slippery slope here, but it's not obvious to me that a better alternative is to force companies to e.g. facilitate the campaigning and fundraising of neo-nazis.
The solution is to use anti monopoly laws to break them up.
I don't think that companies should be forced to do something. What I instead want is for there to be enough competition in the market, such that no matter how terrible your views, there exists at least 1 one who will work with you.
And if there isn't enough competition in a market, then that's a problem.
If a politically undesirable group wants to accept donations, is this legitimate?
https://www.theverge.com/2018/11/9/18079880/paypal-proud-boy...
Sorry, legitimate transactions! We reject you!
https://www.theverge.com/2018/11/9/18079880/paypal-proud-boy...
Regimes that absolutist and authoritarian usually aren't the nicest of places to live.