Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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Payment privacy (lemmy.zip)

submitted 1 week ago* (last edited 1 week ago) by jobbies@lemmy.zip to c/privacy@lemmy.ml

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What are the options for increased privacy in how you pay for things where you live?

Cash is the obvious answer, but what about buying stuff online?

UK here. Thinking of ditching cards/contactless for good old cash. No idea about online payments - not doing anything illegal so might persevere with cards for now. Zero experience with crypto.

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[–] scott@lem.free.as 6 points 1 week ago

That assumes that notes spent at a store are kept and never reused; that's simply not true. If you buy a €5 coffee with a €5 note and then later in the day someone buys a €3 muffin with a €10 note, your €5 note is given to them as change. Repeat that process in a town or city and that cash gets pretty shuffled quite quickly.

Your scenario doesn't also take into account till "float" where a portion of cash is kept in the till/store/elsewhere to seed the till the next morning for the first customers of the day, should they need change for their purchases.