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A comment on Currency (Restrictions on the Use of Cash) Bill 2019. Parent comment

Re:Currency (Restrictions on the Use of Cash) Bill 2019 by ajsnigrutin on Monday July 29, 2019 @05:21AM (#20552787)
> However, in principle, I agree with the idea of having a cashless economy, so that government has data to see who is lying in their tax returns.

This is really bad, because it prevents any kind of privacy. Want to buy a huge dildo from HugeDildos Inc.? Now you can just pay with cash. With cashless economies, you will now have their company name on your bank statements.

And this is just a stupid example. What do you do in a case where you have legalized Marijuana at a state level and illegal at federal level (like in us). You can sell it in your state, but you cannot get a bank account.

And what happens if there's a blackout? How do you buy food?

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Re:Currency (Restrictions on the Use of Cash) Bill 2019 by icebraining on Monday July 29, 2019 @05:25AM (#20552806)
I'm not a fan of the bill, but it is only restricting payments over $10 000. You can still buy dildos with cash, unless it's gem-encrusted or something like that.
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Re:Currency (Restrictions on the Use of Cash) Bill 2019 by islon on Monday July 29, 2019 @09:09AM (#20554204)
First they came for the big purchases, and I did not speak out because I was not a big spender.

Then they came for the food/clothing purchases, and I did not speak out because I had my credit/debit card.

Then they came for huge dildos, and there was no one left to speak for me.

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Re:Currency (Restrictions on the Use of Cash) Bill 2019 by ajsnigrutin on Monday July 29, 2019 @05:39AM (#20552892)
That's just the first step.

They lowered the limit to 420eur for independent contractors and companies here in Slovenia. They wanted to lower it to 50eur, but luckily failed.

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Re:Currency (Restrictions on the Use of Cash) Bill 2019 by otherme123 on Monday July 29, 2019 @08:17AM (#20553722)
In Spain you cannot pay anything over 1000€ in cash.

The discourse is well known, and in HN terms is like this: "why would I want PGP or SSL? Only if you want to do bad things you need that level of privacy". So "Why would anybody want to pay cash if he is doing everything within the law?"

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Re:Currency (Restrictions on the Use of Cash) Bill 2019 by feanaro on Monday July 29, 2019 @05:40AM (#20552897)
That's almost certainly how it starts, but they will inevitably try to restrict it more if this succeeds.
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