Message from @EndangeredProdigy

Discord ID: 531226671467200533


2019-01-05 21:42:23 UTC  

When they sold the postal service, they removed the law that gave them monopoly on mail
To day letters are being delivered by the paper advertisement company, neswpaper boy or other service

2019-01-05 21:42:45 UTC  

I wouldn't call it a right

2019-01-05 21:42:59 UTC  

Certainly is a feature of a free society

2019-01-05 21:43:01 UTC  

the ability to transfer your own property around?

2019-01-05 21:43:12 UTC  

Money is not property

2019-01-05 21:43:22 UTC  

well..... sort of....

2019-01-05 21:43:26 UTC  

what is it then?

2019-01-05 21:43:32 UTC  

under U.S. law it sort of is

2019-01-05 21:43:33 UTC  

Banks own it

2019-01-05 21:43:45 UTC  

You just use it

2019-01-05 21:43:45 UTC  

in the U.S. the federal reserve owns the note

2019-01-05 21:43:48 UTC  

but you own the money

2019-01-05 21:44:00 UTC  

Not if it's in a bank account

2019-01-05 21:44:12 UTC  

sure, but I'm talking about cash here

2019-01-05 21:44:13 UTC  

Once you transfer it to a bank, it's theirs

2019-01-05 21:44:18 UTC  

My confidence is high in the stable electric grid, (i helped built it) last power outage was in 1998 and only affected the capital area for 4 hours

2019-01-05 21:44:36 UTC  

Cash doesn't need laundering

2019-01-05 21:44:43 UTC  

lol yes it does

2019-01-05 21:44:47 UTC  

it's all serialed

2019-01-05 21:44:56 UTC  

at least, these days it is

2019-01-05 21:45:08 UTC  

It's impossible to trace

2019-01-05 21:45:14 UTC  

beyond that, a lot of it is marked with dyes or other chemicals

2019-01-05 21:45:22 UTC  

which are used to trace it in addition to the serials

2019-01-05 21:45:27 UTC  

That's why you use old notes

2019-01-05 21:45:33 UTC  

If you are doing something like that

2019-01-05 21:45:41 UTC  

they don't survive that long

2019-01-05 21:45:43 UTC  

it has recently become more important with crypto
i think blockchain.info implements automatic money laundering mechanisms for economic privacy

2019-01-05 21:46:04 UTC  

Old notes get hoarded

2019-01-05 21:46:15 UTC  

Thats why they are disappearing

2019-01-05 21:46:29 UTC  

there really is not much printed currency from before the mid 1930s

2019-01-05 21:46:29 UTC  

I wonder how it's in Russia/China ? does mastercard also have power there ?

2019-01-05 21:47:18 UTC  

The only way you can trace money is from Bank to bank

2019-01-05 21:47:30 UTC  

in fact, the serials predate the federal reserve

2019-01-05 21:47:30 UTC  

Normal stores don't examine that

2019-01-05 21:47:39 UTC  

sure, but you can investigate from that

2019-01-05 21:47:45 UTC  

money goes to banks pretty quickly

2019-01-05 21:47:49 UTC  

dude

2019-01-05 21:47:52 UTC  

You can't determine who used it though

2019-01-05 21:47:57 UTC  

like seriously people do this for a living

2019-01-05 21:48:01 UTC  

I'm aware