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TopicBe careful with debit cards
OniRonin
05/26/20 9:04:28 PM
#3:


This is exactly what the Sheriff and his gang members want you to think about debit cards. It's why they're trying to shut down the real nightmare, electronic billing of US citizens who have parked their vehicles at grocery stores, gas stations, restaurants, motels, hotels, and pretty much anywhere else in the country. It's the most heinous form of credit card fraud.

Those paying cash just pay money-day interest rates of almost 20 percent. With fees and penalties.

It's the bottom line that the Sheriff and his cohorts in the 'Free-E-Cash' movement fail to understand. Banks could shut down just about anyone's account without warning without victimizing the person at the center of the alleged crime. Even the guy who allegedly stole a load of Bitcoins is completely defenseless against a bank in a 'Threatened Robbery' scenario. And, of course, due to the nature of the blockchain, nobody is ever in control of any funds. Each transaction is stored forever, and there are very few safeguards for it.

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