this post was submitted on 06 Jun 2024
491 points (84.0% liked)
Privacy
833 readers
5 users here now
Privacy is the ability for an individual or group to seclude themselves or information about themselves, and thereby express themselves selectively.
Rules
- Don't do unto others what you don't want done unto you.
- No Porn, Gore, or NSFW content. Instant Ban.
- No Spamming, Trolling or Unsolicited Ads. Instant Ban.
- Stay on topic in a community. Please reach out to an admin to create a new community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What kinds of places have untrustworthy banks and are becoming cashless?
I was thinking of the US and Canada https://www.pewresearch.org/short-reads/2022/10/05/more-americans-are-joining-the-cashless-economy/ https://en.wikipedia.org/wiki/De-banking
Sure ok. If you don't trust US and canadian banks your best bet is probably to go off grid and live in the wilderness. Good luck.
I think I will instead promote keeping their power limited, such as by using cash
Yes, US Banks, famously the picture of honesty. If you know one thing about the US banks it's how honest they truly are. If you know two things the other is probably the depression or the 2008 financial crisis, don't worry about that though, they're as trustworthy as the CIA which has definitely stopped all those nefarious things they did as soon as Alan Dulles died.
Not being from the US or Canada I don't know the first thing about your banks or the CIA. That said, it just seems ridiculous to me that a bank would control you through the management of your money.
To you, because you don't know the first thing about our banks, no offense. If you did you wouldn't trust them either lol. It seems absolutely plausible they'd do it imo. They already do it with criminals to an extent, which could be argued as fair I suppose, but I don't want to see that expand at the very least.
Visa, Mastercard, Amex, and Paypal famously colluded to block donations to wikileaks. That control was exercised at an international level.
Lol, what? I guess Europe is wilderness then.
I guess almost any country has (some) untrustworthy banks. So whatever country is planning to go cashless, they will have both.
Denmark, Netherlands, Belgium, France, and Spain. Banks in those places will freeze your account easily, like a doc on file expiring.
US banks are more trustworthy with your money than European banks, but US banks are less trustworthy with your data. Exceptionally, there is a pitfall where you can lose your money: dormancy. I recall a woman in California who had a safe deposit box that she did not access for a number of years. The bank declared it “dormant”, drilled it, and gave the property to the state’s unclaimed assets, who then auctioned off her stuff.