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Avenger

Immortal
Messages
34,075
Except that they can usually trace back to the initial transaction that funded your wallet. Which is normally but not necessarily your bank account.
Not if you have transferred that to a hard wallet. Mine is stored there. I can now go to Singapore and cash out and no merkin would ever know.
 

TheRam

Coach
Messages
13,911
Not if you have transferred that to a hard wallet. Mine is stored there. I can now go to Singapore and cash out and no merkin would ever know.

Serious question.

Hypothetically if you were to do that and assuming it is a substantial amount in cash, over say 20K how would you bring it back to Oz or put it into an institution without triggering interest from authorities from overseas or here in Australia. I mean you can't just carry tens of thousands of dollars or any other currency anymore through the airports without it triggering an alert. And if you were to try and deposit it into a local Singaporean or Aussie financial institution, again major questions would be asked to say the least. Also if it were a major amount of say over 100K, you would have a very difficult time of it even if you were to deposit it in dribs and drabs of less then 10K at a time. An alert would definitely be triggered once you went over a threshold. So what would be your solution to this problem.

Just asking for a friend.

Also this is not the issue I was originally talking about when I said they will outlaw all virtual currencies other then their own sanctioned Central Bank Digital Currencies. Once they do that, no matter what you do there will be no bitcoin or any other allowed to exist. They will arrest you and confiscate all electronic devices if you really did try to go around any restrictions that they have implemented. But ultimately 90% of people will be easily convinced that the CBDC is the way to go or fear the consequence way to much to fight the system. The other recalcitrant stubborn opponents to their unholy centralised currencies will be dealt with accordingly.
 

84 Baby

Referee
Messages
29,809
Serious question.

Hypothetically if you were to do that and assuming it is a substantial amount in cash, over say 20K how would you bring it back to Oz or put it into an institution without triggering interest from authorities from overseas or here in Australia. I mean you can't just carry tens of thousands of dollars or any other currency anymore through the airports without it triggering an alert. And if you were to try and deposit it into a local Singaporean or Aussie financial institution, again major questions would be asked to say the least. Also if it were a major amount of say over 100K, you would have a very difficult time of it even if you were to deposit it in dribs and drabs of less then 10K at a time. An alert would definitely be triggered once you went over a threshold. So what would be your solution to this problem.

Just asking for a friend.

Also this is not the issue I was originally talking about when I said they will outlaw all virtual currencies other then their own sanctioned Central Bank Digital Currencies. Once they do that, no matter what you do there will be no bitcoin or any other allowed to exist. They will arrest you and confiscate all electronic devices if you really did try to go around any restrictions that they have implemented. But ultimately 90% of people will be easily convinced that the CBDC is the way to go or fear the consequence way to much to fight the system. The other recalcitrant stubborn opponents to their unholy centralised currencies will be dealt with accordingly.
Are you saying central banks, the controllers of current centralised currencies, are trying to centralise currencies??? We must stop them!
Having a consistent valuation of any given product or service is just clear corruption and control.
Yesterday a McDonalds sheep tried to tell me my burger would cost AUD$7, when clearly it was only worth a seventh of 3 reams of blank white paper and a pair of woollen gloves to a person in Greece. By the time I explained that to them though, the price had changed 15 times.
 

TheRam

Coach
Messages
13,911
Are you saying central banks, the controllers of current centralised currencies, are trying to centralise currencies??? We must stop them!
Having a consistent valuation of any given product or service is just clear corruption and control.
Yesterday a McDonalds sheep tried to tell me my burger would cost AUD$7, when clearly it was only worth a seventh of 3 reams of blank white paper and a pair of woollen gloves to a person in Greece. By the time I explained that to them though, the price had changed 15 times.

It's CBDC's mate. Total new ball game. Try to keep up.
 

TheRam

Coach
Messages
13,911
Oh ok… and the difference between a CBDC to the current system is?

Yes it is all coming from central banks and and private banks too, but the point is we still have a cash system. The want to get rid of it permanently and we will all forced to use CBDC's which will imprison us completely.
 

84 Baby

Referee
Messages
29,809
Yes it is all coming from central banks and and private banks too, but the point is we still have a cash system. The want to get rid of it permanently and we will all forced to use CBDC's which will imprison us completely.
Ok rather the 20 questions, I’ll agree with the conspiracy that centralised digital economy creates the potential for a Hunger Games style world but do you honestly think the greater populace would currently allow that (beyond the current status quo)?
 

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