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laratied | 2 years ago

The idea elected politicians want a cashless society is utterly absurd to me.

It misses the obvious fact that an elected politician needs the privacy of cash for taking bribes.

A cashless society can only work in an authoritarian regime that simply doesn't care if the populace knows about bribes or not.

discuss

order

walterbell|2 years ago

Billions of dirty money have passed through existing digital systems, https://news.ycombinator.com/item?id=36119556

Future digital payment systems can have a wide range of transparency, they are unlikely to be limited to public blockchains.

China is rumored to have a do-not-see list which excludes selected elites from detection by ubiquitious surveillance cameras.