Aus/biz/ - RIP cash

[Anonymous No.17515631]

https://www.baka.com.au/politics/federal/ban-on-10-000-cash-purchases-set-to-become-law-despite-concerns-20200227-p5453n.html

https://www.youtube.com/watch?v=Myixuq980t0

[Anonymous No.17515644]

I need to get out of this nanny state

[Anonymous No.17515652]

>>17515631
>jailed for two years for spending your money

Whew lads, good thing you gave up your guns Aussies!

[Anonymous No.17515670]

>>17515631
They're also trying to ban anime and manga for child abuse now, fuck this fucking country

[Anonymous No.17515703]

>>17515631
I fucking hate this country
Won't pass
What's fucked is if you spend 9,900 you'll be watched, because you're too close to breaking the law, but not breaking the law

[Anonymous No.17515736]

>>17515631
why does the government do such gay things?

[Anonymous No.17515745]

It's pretty dumb but whens the last time you paid for anything in cash over 10K?
This effects small businesses not Mongolian bask weavers....yet.

[Anonymous No.17515753]

>>17515745
Two of the four cars Ive ever bought lol

[Anonymous No.17515762]

>>17515631
I fucking hate this shit hole of a country. When I make it I'm denouncing my citizenship.

[Anonymous No.17515773]

>>17515753
It doesn't apply for person to person trades as in buying a used car from someone, its only for purchases through registered business i.e you cant buy a house from a real estate agent with cash or a car from a car dealer with cash. not sure if you could technically buy a house with cash in a private sale with no agent involved though.

[Anonymous No.17515779]

I'll let the criminals know that the next time they pay $300k for a kilo of coke that they're breaking the law.

[Anonymous No.17515788]

>>17515773
Oh, no shit, my bad...

[Anonymous No.17515791]

>>17515779

[Anonymous No.17515849]

>>17515631
I reckon this is just a ploy to stop tradies doing shitloads of cashies. No more harleys or boats paid in cash. fuck scomo

[Anonymous No.17515855]

>>17515773
and that makes it better?

what justice does that bring about? this is another example of converting an ordinary person into a criminal for the benefit of noone but the government.

[Anonymous No.17515863]

>>17515745
It starts with 10k
Once the legislation is in, they can easily lower it to 5k, 2k, 1k, 500 100 10

[Anonymous No.17515881]

>>17515863
correct... the endgame is a cashless society. the only question is will it be on your terms or theirs?

do you want a cashless society with governments, corporations, and banks holding the reins?

or do you want it to be decentralized and built on the blockchain?

from this moment on i will use cryptocurrency for all of my transactions.

[Anonymous No.17515889]

>>17515881
Is this the start of CBDC's?

[Anonymous No.17515941]

>>17515889
doesnt matter what form it takes, they just want something where they can track purchases, locations, and overall wealth to a specific person. Debit cards are already good enough as far as the government is concerned... its just that having to be backwards compatible with cash throws a wrench into their ability to have a warrentless, surveillance state based on transactions. The moment they institute a limit on cash transactions is the start of a slow erosion of rights that will lead to smaller and smaller limits until cash will be completely phased out. If crypto sees very wide spread adoption, CBDCs may be rolled out as a plan-b to attempt to gain the same sort of control over cryptocurrency that they have with the current banking system... so yeah it could be the start.

[Anonymous No.17516005]

>>17515941
DXC was celebrating the launch of the real time monitoring/blocking for cashless debit cards recently.
Eventually such systems will be used all over but we aren't quite there yet.

[Anonymous No.17516044]

This bill sets 10k as the initial limit. Which can be changed at anytime after becoming law. It also outlines that crypto and whatever else could fall under this 10k limit as well.

[Anonymous No.17516053]

>>17516044
Checked. I don't understand how people can live their daily lives without being aware of anything that goes on around them.

[Anonymous No.17516100]

>>17515745
Primarily its to prop up the banks when inflation hits. The Keynesians know they are facing down the end-times for their sick comsumerist ideology.

Until then, all the rat-fucking nose people benefit via additional processing fees and taxes.

[Anonymous No.17516200]

>illegal to spend 1% of a house price in cash
walking down the road to civil unrest

[Anonymous No.17516219]

>>17516200
yeah, right

the emasculated neutered disarmed masses spoiled rotten by boundless consumerism are a veritable powder keg

[Anonymous No.17516223]

>>17515881
The solution is Crypto: use Bitcoin, Monero, Zcash.

[Anonymous No.17516226]

>>17515849
Only boomers care about owning loud obnoxious motorbikes. For boats dude just rent it for the week lmao!

[Anonymous No.17516240]

>>17515631
ARE YOU FUCKING KIDDING ME?

[Anonymous No.17516255]

this will only spread. they aren't doing this for nothing either
it's time to withdraw your cash

[Anonymous No.17516256]

In France, I believe you can't buy anything cash over 300EUR
it's supposed to help fighting against money laundering.

[Anonymous No.17516258]

>>17515631
HA HA HA HA HA HA HA
Australians worshing the police state that is burgerland, starting to implement Mutt style restrictions on financial freedom.
I wonder how long till they start taxing based on citizenship like the mutts.

[Anonymous No.17516257]

Just a heads up to any burgers or bongs who are laughing at this, Australia is traditionally the testbed for authoritarian policy trial runs because it has the most passive populace. They'll demo it there and then bring it in where you are.

[Anonymous No.17516273]

>>17516257
>implying some variant of this isn't already enforced pretty much anywhere

[Anonymous No.17516274]

>>17516257
Ironically the only people I can see bother to protest this are immigrants

[Anonymous No.17516286]

>>17516223
>>17516044
when are you going to sober up and realise crypto is not immune to legislation

[Anonymous No.17516292]

>>17516286
How can a global decentralized network not be resistant to localized legislation?

[Anonymous No.17516301]

>>17516292
if they make it illegal to transact over 10k you deluded fuck

[Anonymous No.17516310]

>>17516301
How can a transaction from one Monero wallet to another on a global ledger be subject to Australian laws when both transacting parties are unknown?

[Anonymous No.17516320]

>>17516292
How about those ICOs the newfags love, they can't have proper adoption as US corporations can't buy/trade them. The legislation that made BTC/PoW a commodity is localised.

[Anonymous No.17516325]

>>17516301
I would beat your ass if you ever spoke to me that way face to face. Making something illegal doesn't stop it from happening you "deluded fuck".

[Anonymous No.17516328]

>>17516310
>dude just be a criminal
you don't live in reality, what are you going to do with monero if you get sent to jail for using it. Who is going to accept it.

[Anonymous No.17516336]

>>17516301
Digital currency (most of them) are easily tracked. The bill doesn't care about BTC.

[Anonymous No.17516403]

>>17515863
>>17515881
eubro here, can confirm.
Currently if you make a transaction worth more than 3k€ (the limit is increasing to 2k€ starting from the 3rd quarter) using cash you could potentially face jailtime depedning on the gravity.

[Anonymous No.17516447]

>>17515779
kekerino, my fucking sides

[Anonymous No.17516481]

>>17515745

In the EU it was 10k, then it became 400 and now it is "all cash withdrawals are monitored at all times and checked for fraudulent behavior". So some minimum wage immigrant retard knows where I live, how much I make and what I buy. Yeah I feel soooo much safer now, thanks government.

[Anonymous No.17516496]

>>17516301

So I just won't convert money back to fiat

[Anonymous No.17516517]

>>17516328

Jailed how? Nobody knows you have any or what transaction took place.

[Anonymous No.17516532]

>>17515881
Based and monerujospilled

[Anonymous No.17516543]

>>17516328
Go lick a boot cuck

[Anonymous No.17516554]

>>17515631
How very homosexual of their government, it's a good thing civilized people don't touch guns because otherwise politicians might actually fear lone-wolf gunmen taking them to task.

[Anonymous No.17516642]

>>17516310
That sounds like a private exchange of funds which would not fall under this bill.
Now if you paid a business 10K in Monero you might have a problem as that business needs to report where the fuck that money came from.

[Anonymous No.17516662]

>>17515745
You dumb motherfucker people are concerned about this because of the precedent and slippery slope it creates like what >>17515863 said.

[Anonymous No.17516729]

>>17515631
the fuck is this cunts, havent been back for years but what the actual fuck ? I cant spend my own fucken money the way i want to?

[Anonymous No.17516814]

>>17515631
this is why i primarily hodl UND (unification aka UNITED NATIONS DOLLAR)

it's 2 cents now, but when it's $20, i can throw one at the butler for doing a good job.

[Anonymous No.17516973]

>>17515631
>>17515745
>>17515863
>>17516044
With the upcoming economic hardship, those $10k could inflate into a loaf of bread very quickly, so the limit might not need to lowered to get a tighter grip on cash.

[Anonymous No.17516982]

WHERE ARE MY ASX CHADS AT? WE ARE IN DIRE NEED OF AN /ASX/ GENERAL AGAIN

what are you boys buying / holding / selling?

[Anonymous No.17516984]

>>17516729

Communists bro, you can't even let a single one live

[Anonymous No.17517022]

>>17516984
>liberal party
>communists

we proper /andrew botl/ now innit

[Anonymous No.17517329]

>>17516328
retard, monero is not illegal just cause your authorities told so

[Anonymous No.17517367]

>>17515745
Shit like Rolexes, luxury hand bags, used cars, house payments etc.

[Anonymous No.17517401]

>>17515631
you will become more like the UK soon, an authoritarian CCTV nanny state.