News for hackers. Stuff that matters.
Re:EU-wide maximum limit of €10K for cash payments by joecool1029 on Saturday December 10, 2022 @05:41PM (#33937766)
Never bought a secondhand car have you?
Re:EU-wide maximum limit of €10K for cash payments by frereubu on Saturday December 10, 2022 @06:01PM (#33937977)
I'm a relative old-timer, so have lived through plenty of times when electronic payments weren't commonplace, and have also bought a number of second-hand cars. I never used cash - I used banker's drafts, because I didn't want to be mugged and the untraceable cash to go missing. (And even then, they were all worth under €10k).
Re:EU-wide maximum limit of €10K for cash payments by Teandw on Saturday December 10, 2022 @06:18PM (#33938111)
I'm not sure in a modern society why I would pull out $10k from my bank account to then pay a person $10k cash for a second hand car, so the answer is no.
Re:EU-wide maximum limit of €10K for cash payments by rootusrootus on Saturday December 10, 2022 @07:38PM (#33938665)
Yeah this is pretty much the reason cops seize money from unbanked people who try to use their life savings to buy something decently expensive. Because who could possibly be dealing in that amount of cash legitimately, it must be criminal.
Re:EU-wide maximum limit of €10K for cash payments by joecool1029 on Sunday December 11, 2022 @12:32AM (#33940410)
> Yeah this is pretty much the reason cops seize money from unbanked people who try to use their life savings to buy something decently expensive.

I think it's going over most people's heads that buying and selling cars on Craigslist isn't like buying a car from a dealer. I could potentially use bankers drafts but many sellers know this is a commonly forged document and the risk isn't acceptable to them. Almost every single company/bank digital payment service is reversible or able to be cancelled (I naively was not aware of this until I was a part of the early bitcoin-otc community and got to witness the myriad of scams people ran once the other medium wasn't actually reversible).