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by laratied
1116 days ago
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The idea elected politicians want a cashless society is utterly absurd to me. It misses the obvious fact that an elected politician needs the privacy of cash for taking bribes. A cashless society can only work in an authoritarian regime that simply doesn't care if the populace knows about bribes or not. |
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Future digital payment systems can have a wide range of transparency, they are unlikely to be limited to public blockchains.
China is rumored to have a do-not-see list which excludes selected elites from detection by ubiquitious surveillance cameras.