Also, do I really want Visa International to know what brand of constipation medicine I take and which anarchist magazines I subscribe to? (None, I swear!) Anything I buy on a credit card is something I can expect to have to explain to the police or the immigration authorities sooner or later, possibly after the next military coup, or maybe just because there was a protest nearby that turned violent and they'd like to know why I was in that neighborhood that day. Also, why do I need acetone? I'm not cooking meth, am I?
If you think this stuff will never affect you, well, nobody ever thinks it will affect them, until it does. Most people alive have lived through an invasion, a coup, or an episode of extreme governmental repression, and most people who haven't yet will.
Bitcoin is a nice alternative when it's applicable, but transaction costs are a bit high for buying a cigarette or a restaurant meal, and it's a headache when the confirmation time is 45 minutes instead of 10 minutes. Hopefully Lightning will fix this.
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* Inflation is bad here, yo. $1000 is about US$6, but printing $2000 bills hasn't been approved yet.
How does this approach scale?
The biggest advantage, though, is that when the covid pandemic hit, the people in the US went totally nuts, saying that the government is controlled by a secret Satanic cabal of pedophiles who sacrifice children to drink their blood, that masks cause covid, that the vaccines are fatal, and all kinds of nonsense like that. Europe doesn't seem to be coping that much better. Here in Argentina, meh, it's just another crisis. It's shitty but not as bad as the crisis in the 70s when military dictators overthrew the democratic government, outlawed playing cards, and started rounding up their political opposition and dropping them out of airplanes. I literally don't know anyone who got raped because of covid, much less murdered.
But yeah credit card transactions can take a minute or two, the economy sucks, and ordering things from overseas is difficult and risky.
It's been pretty helpful in gaining perspective on the bullshit I grew up with in the US.
That’s good, right? :)
Have you considered, that if they agree they don't like their country, maybe they have to look after ageing or ill parents, or have other responsibilities they can't just abandon? Not to mention money ofcourse.
Civil asset forfeiture is a power trip by the government that neither political party wants to touch, and it does a great job at reducing trust in the US's governing bodies. When I was a kid, I thought that kind of low level brazen corruption only happened in poorer or less developed countries. Now I get to see my countrymen doing it and admitting to it on video, year after year.
The prosecutors offices get their cut too, so they have an incentive to keep their mouths shut. Everyone else can be bullied into submission.
Is this documented somewhere?
https://twitter.com/JodyBarr/status/1440856532959170566?s=20
Checking bank statements is easier (they are very short).
You don't have to worry who will abuse your credit card or bank details.