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#cash

3 posts3 participants0 posts today
Continued thread
Public
Strypey

Ah, here it is, in the text of the report;

"The Bank of England and HM
Treasury note in their 2023 Consultation Paper that a digital pound would not be anonymous
because, 'just like bank accounts, the ability to identify and verify users is necessary to prevent
financial crime'.”

Chapter 2.1, Enhancing the Privacy
of a Digital Pound

dci.mit.edu/enhancing-the-priv

So what they're contemplating is only as private as a bank transfer, not as private as cash.

MIT Digital Currency InitiativeEnhancing the Privacy of a Digital Pound — MIT Digital Currency Initiative
#cash#anonymity
Continued thread
Public
Pino Carafa

PS that's not to say that a small local can't have a useful place alongside our and ones. It sure can. Perhaps we should look at how we can leverage the benefits of each, and in what circumstances what mechanism is most beneficial to us.

Public
India Weekly

Supreme Court collegium begins process to transfer high court judge after recovery of cash stash from his house

THE SUPREME COURT collegium has initiated the process to transfer Delhi High Court judge Justice Yashwant Varma to the Allahabad High Court following the alleged recovery of a large stash of cash on March 14...

indiaweekly.biz/supreme-court-

supreme court
#SupremeCourt#Collegium#HighCourtdelhi
Public
BronMason

YES! As Reagan used to say: “It’s your money.” Don’t pay to spend your own meney! THIS! 👇🏽👇🏽👇🏽

infosec.exchange/@paco/1141719
#money #cash #itsyourmoney

Infosec ExchangePaco Hope #resist (@paco@infosec.exchange)They are coming to enshittify money. Fight for cash. Don’t let them take it away. Cash represents money that doesn’t cost money to use. It is a public good. All people can use cash There is no public good electronic transaction. (In the UK bank-to-bank transfers are free and easy by law. No reason to have Zelle or Venmo, not so in the US) We must protect cash. Public libraries bother digital publishers because someone can read the book without paying for it. Cash bothers banks and big tech companies because you can spend it without paying them. Banks, credit card companies, and big tech (think ApplePay. SamsungPay, etc), want to charge you money for you to use your money. They also get transaction data that they can monetise in various ways (selling to you, selling the data, etc). I experienced this last week. In the US it’s still free to deposit a paper check, but virtually any “wire” or electronic transfer has a fee. I signed a home equity line of credit and I was getting some proceeds. I had 2 options: “electronic check” or wire transfer. Wire transfer costs $20. “Electronic check” was free. “Electronic check” is when they email me a PDF and I print it. Then, I take photographs of the printout with my bank’s mobile app for depositing checks. Takes more than a day to clear, but totally free. Don’t let them take cash away. Fight for it. Use it some so people can see it being used. #cash #cashless #money https://www.theguardian.com/money/2025/mar/16/uk-high-street-chains-restaurants-cash-payments
Public
peachfront

Quote of the morning coffee: "Norway’s former justice and emergencies minister Emilie Mehl put it in clear terms: “If no one pays with cash and no one accepts cash, cash will no longer be a real emergency solution once the crisis is upon us.”

i agree with this 100% & remind people
to PLEASE refuse to shop at places like Whole Foods that won't take cash... Bezos & the trackable society Is Not Your Friend

theguardian.com/technology/202

The Guardian · Back to cash: life without money in your pocket is not the utopia Sweden hopedBy Miranda Bryant
#Politics#Cash#Cashless
Public
Paco Hope #resist

They are coming to enshittify money. Fight for cash. Don’t let them take it away.

Cash represents money that doesn’t cost money to use. It is a public good. All people can use cash There is no public good electronic transaction. (In the UK bank-to-bank transfers are free and easy by law. No reason to have Zelle or Venmo, not so in the US) We must protect cash.

Public libraries bother digital publishers because someone can read the book without paying for it. Cash bothers banks and big tech companies because you can spend it without paying them. Banks, credit card companies, and big tech (think ApplePay. SamsungPay, etc), want to charge you money for you to use your money. They also get transaction data that they can monetise in various ways (selling to you, selling the data, etc).

I experienced this last week. In the US it’s still free to deposit a paper check, but virtually any “wire” or electronic transfer has a fee. I signed a home equity line of credit and I was getting some proceeds. I had 2 options: “electronic check” or wire transfer. Wire transfer costs $20. “Electronic check” was free.

“Electronic check” is when they email me a PDF and I print it. Then, I take photographs of the printout with my bank’s mobile app for depositing checks. Takes more than a day to clear, but totally free.

Don’t let them take cash away. Fight for it. Use it some so people can see it being used.
#cash #cashless #money

theguardian.com/money/2025/mar

The Guardian · ‘A fundamental right’: UK high street chains and restaurants challenged over refusal to accept cashBy Jon Ungoed-Thomas
Public
FiXato

After having a discussion about this on Discord with someone and being confused by their definition of #cash, I'm curious what the #poll results on this would be.

· 68 people · Closed
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