@Fiddle
>no more than 50euro
Good luck doing your shopping. If this thing is real, this will flop harder than Magikarp.
Even leaving aside the dystopic control the government wants to have on this thing, just first 4 points alone make it completely untenable as a currency. You can't buy your family groceries within the 50euro limit, the 1000euro a month limit is easily exceeded if you decide to buy an appliance in a particular month (assuming we ignore the first limit), the 50 transactions a month limit can easily be exceeded as well by an average city dweller, and people can and do have salaries more than 3000euro.
My conclusion so far is that this is a farce. A bogus copy-pasta someone made to fearmonger about EU authoritarianism. Which is weird, cause EU is already bad enough. You don't need to fearmonger.
@LukeAlmighty @Fiddle
The 3000euro limit would presumably only apply to individuals, not businesses.
@LukeAlmighty @Fiddle
I did consider the possibility that this "digital euro" wouldn't be a replacement currency, but a bonus one, to use alongside traditional currency, for small daily transactions. But when the current credit/debit card infrastructure already works so well, for transactions of any size, why even bother? You either attempt to replace the old credit/debit card entirely, or you give up. There is no point to have another way to buy a bag of chips, if I can just as easily do with with my debit card.
You could argue the digital euro would be more secure, but I need transaction security for large sums of money transacted, not for 50euro exchanges.
@LukeAlmighty @Fiddle
In a way, it reminds me of our economy during communism. People still had money, and owned things, but you could actually end up making more money than you could spend. Groceries were rationed, quite heavily, and it's not like you could keep buying appliances or furniture all the time either. You couldn't even buy more than one house, cause your home was kinda government issued anyway. You were heavily limited in what you could do with your money.
@DIEPEEDODIE @Fiddle @LukeAlmighty
I keep telling Americans that their "but I need my bank credit score to get a house loan" is the most retarded thing they do.
If you use a credit card, instead of a debit card, you're already failing at life.
@Alex @Fiddle @DIEPEEDODIE @LukeAlmighty
And at the same time Americans bitch about the Chinese social credit system, when they have the banks controlling their lives this way.
@Oboro @Fiddle @DIEPEEDODIE @alyx @Alex
The problem is, that some people just cannot face the fact that one day, they will die.
It is the first and oldest philosophical dilema for a reason.
@DIEPEEDODIE @Fiddle @alyx @Alex
Yeah, that shit it so fucking disgusting.
I know I should never be rude to employees, but bloody hell, this is pushing me over the line.
@Alex @Fiddle @DIEPEEDODIE @alyx
Huh? what?
@dj @Fiddle @DIEPEEDODIE @alyx
Again....
What?
@LukeAlmighty @dj @Fiddle @DIEPEEDODIE
Probably bought into bank propaganda. There's no inherent reason why a credit card would protect your security any better than a debit card.
@dj @Fiddle @DIEPEEDODIE @LukeAlmighty
Sounds more like your bank lied to you because they were too lazy to fix your stuff. Also, you can have multiple accounts to your name, and only one of them be tied to the actual debit card. So unless you're really bad at managing your money, they can't wipe out everything by just having your debit card.
@alyx @Fiddle
Or, take a look at the limit.
That limit makes no sense on either bartering side or shop side.
Because if a person can say: sorry, I cannot let you buy this, I have my 3k already, then that is a problem.