this post was submitted on 18 Aug 2023
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Privacy

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It's discrediting valid concerns against card-payments. It's invalidating how great cash is.

It's when the worst person you know makes a good point.

And things now are so Culture-Wars-y, nobody makes solid analyses any more, that when the far-right say cards are bad, everybody jumps to thinking cards are good.

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[–] panicnow@lemmy.world 1 points 1 year ago (1 children)

I thought the government was tracking the serial numbers on larger bills that were dispensed through ATMs? I didn’t hear that from a reliable source, but it seems pretty simple from a number of transactions standpoint.

[–] Catsrules@lemmy.ml 2 points 1 year ago

It wouldn't surprise me if they do. Lets say I get $100 bill out of the ATM, if the government wanted to track that bill. They would need to find that bill again and then try to back track the route the bill took to me. A very time intensive task and ultimately could lead to a dead end. After all how many people keep track of the serial numbers of your large bills?

Compare that to a card. Literally everything about it is tracked, it is all done automatically and can be acquired from the bank.