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Joined 1 year ago
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Cake day: June 18th, 2023

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  • can’t spend more than €2000 in cash or else I’ll face a huge fine and I’ll be automatically considered a “money launderer” and a “financial criminal”

    That’s not quite the case, you are not automatically considered a money launderer and criminal, but considered potentially a money launderer,it will be investigated, and you have to be able to document where the money is from.

    personal data is digital gold, <snip> It will be sold and shared

    No that’s illegal without consent. And sneaky attempts of achieving consent through hidden terms or default selected options are illegal too.

    A bank account is nothing short of mandatory, yet there’s not national bank you can open an account in.

    Same here, but there is regulation that the mandatory basic account called “nem konto” is heavily regulated and has to be free of charge for mandatory functionality, so you can pick any bank you like and not get screwed, except our bank charges $1-2 per account for a yearly account statement which cannot be avoided. I’m not sure that is entirely legal, but maybe it is because we have other services?

    Offering subpar and overpriced investment products

    Haha yes so true, it’s ridiculous to a degree that it’s almost hilarious LOL,

    If there wasn’t a societal unspoken obligation to have a bank account, many people would have ditched theirs a long time ago, me very much included, people are just coerced into accepting it.

    I understand what you mean, but that would not be the case here. Even homeless people depend on electronic transactions, and use “mobile pay” which is a free payment service where you can easily transfer money from your bank account to anyone who also has it, which everybody do. Even my father who is 86 is very happy with this functionality on his phone. This is possible in part because of “nem konto”, which means everybody has a bank account which is a requirement for the service.

    Denmark is one of the countries in the world with the highest confidence in government, where we trust the government actually works for the benefit of the people. Personally I’m against our current government, because IMO they do to little on education/healthcare and social security, a typical right wing government IMO. But at least they are not batshit crazy. And at least they remain financially responsible.

    I think to people in many countries this is a strange concept, but even the right wing agree that many of our social institutions represent core values for our country.




  • You are 100% right in principle, but this is a privacy basically nobody chose to have anyway, there’s a huge difference IMO between this and if they ban for instance encryption, which has huge legitimate significance for privacy, whether it’s secret love letters, or million dollar patent development. If there isn’t a legitimate reason to want privacy, the argument is void as I see it.
    So is there a legitimate reason to want to be able to use large amounts of cash. Remember you can still use cash for your daily tasks if you want, and that option is even protected by law.
    I was as you describe against it initially, but I fail to think of a legitimate reason.
    I have never heard anyone put forward any complaint about anything it prevented them from doing. People simply don’t use cash for large amounts anymore anyway.
    We just bought a house a few years ago, and everything was buttery smooth, because electronic communication signatures and payments were instant. Including transfer of large amounts, that would have been insane to do with cash.






  • I think it’s people who by “control”, mean able to hide where their money is coming from, or ion other words mean control is the ability to cheat.
    It’s 100% because they want it to be traceable. I’m not sure, but I think I’m OK with that. Although it will make it hard to hide away a bit of money for a rainy day, when you are on social benefits. As it is, if you have more than $12k USD, you have to spend the above first, before getting any benefits.
    That may be a factor too, making it harder to cheat on social benefits. 12k doesn’t get you far if you need a roof repaired. But at least the value of a house isn’t counted.


  • I really hope the German legalisation will be a success. I’m not personally a user, but I’m tired of gangs being financed by cannabis being illegal, and violence escalating over control of an illegal market.
    I am so tired of hearing of police idiocy, that cannabis is widespread in criminal environments. That’s simply the most incredibly stupid thing that deserves a kick in the balls for pushing such idiocy, when cannabis being illegal is the reason those environments are considered criminal in the first place!
    This whole shitshow was always just the result of right wing propaganda anyways, particularly that Cannabis was popular among emigrants and the peace movement, made it a prime target for Nixon to criminalize, which basically criminalized 2 big groups that were extremely hated by the right.
    This tendency was then exported to most of the world, where USA in secret threatened trade restrictions if we didn’t outlaw cannabis.
    Why it remained so popular despite being illegal IDK? But it seems to me the lesser harm is to legalize it, in a controlled manner. Which is exactly what Germany and other countries are doing, even USA that may have been a major reason for it being illegal almost world wide.


  • No it’s not that, cash is so marginally used today, that any greater amount of cash is de-facto suspect, and potentially illegal.
    Even most old people and teens use electronic payments.
    We got universal electronic/card payments in the 80’s that quickly became dominant, because it was a cooperation between state and banks, so trust was high, and price was zero, because banks paid the cost through administrative savings. Now there’s a small fee per transaction paid by the shop. Private as in personal transactions are free.
    We simply don’t need cash for anything anywhere. So most people don’t even bother with cash at all anymore.

    Apart from the cash restrictions that were introduced a few years back, we have very liberal money/investment regulation.
    Ironically all shops have to still accept cash, because is still legal payment. But you can’t for buying a car, because that’s above the legal amount for a dealer to receive. I have no idea how that’s supposed to work legally, because I’m not a lawyer, and cash is almost obsolete here anyway.


  • Do banks in USA still have money? Banks here haven’t had money for more than a decade now. And I can’t remember when we last had a bank robbery in Denmark. ( Country of 6 mil. people )

    PS: I looked up the stats:
    We used to statistically have about one a week, until about 2012. Then it dropped to only about 5 per year, and now it’s almost completely gone, probably only people who are mentally ill, and don’t have a clue about anything in general, maybe people with dementia? Because they are AFAIK 100% sure to get nothing.

    PPS: If you want to withdraw money, you use the ATM inside the bank, and it’s practically illegal to withdraw or deposit more than the equivalent of $7000 USD, if you do, it will be investigated for possible money laundering.