Currently browsing from alexandrite.app an alternative lemmy frontend.

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Joined 1 year ago
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Cake day: August 10th, 2023

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  • I would say you ideally have enough for about a month expenses in cash. Then maybe have 2 more months expense in two different bank accounts(1 in each account). That way any one bank blocking an account for a flagged transaction is just a minor inconvenience. Same thing with credit cards, have 2 different ones so 1 getting blocked is just a minor inconvenience. Anything beyond that I would probably put in a tax advantaged investing account like a roth ira invested in mutual funds.

    I wouldn’t be opposed to holding some portion of long term investments in a well established blockchain like bitcoin or monero but I would hardly call it a necessity for most people. They are effectively out of the reach of governments if they are setup and used correctly. But I wouldn’t expect most people to have the know how and motivation to set them up and use them that way. Government can’t tell bitcoin to freeze your account. They can tell that to your bank.




  • Just because you haven’t heard of it doesn’t mean it doesn’t happen. It is a big world and everyone only sees their small piece of it.

    The Canadian government did recently it with the trucker protests. The US did it with operation Choke Point starting in 2013. It targeted 20+ categories of merchants including porn stars, cable box descramblers, and money transfer networks.

    The government routinely misuses the ‘justice’ system to wrongfully imprison people. Is it so hard to believe they will do the same thing with money? The government is not a neutral arbitrator of who is innocent. No one is innocent. But the government allows some people to be treated as more innocent than others.

    Cashless forces everyone to cede control of their money to the government through the banks. Do you want the government to be able to get a list of everyone who purchases abortion pills? Can you see how such an ability can be easily abused by government? Assuming the government will always be friendly to you is a false assumption.