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Groups > comp.os.linux.misc > #74461 > unrolled thread

The Horrible Future : China - Holographic Cashless ATMs

Started byc186282 <c186282@nnada.net>
First post2025-09-18 01:12 -0400
Last post2025-09-20 15:47 +0000
Articles 20 on this page of 45 — 8 participants

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  The Horrible Future : China - Holographic Cashless ATMs c186282 <c186282@nnada.net> - 2025-09-18 01:12 -0400
    Re: The Horrible Future : China - Holographic Cashless ATMs John McCue <jmclnx@SPAMisBADgmail.com> - 2025-09-18 14:21 +0000
      Re: The Horrible Future : China - Holographic Cashless ATMs The Natural Philosopher <tnp@invalid.invalid> - 2025-09-18 17:12 +0100
      Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-22 00:59 +0000
        Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-22 11:52 +0200
          Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-22 22:55 +0000
            Re: The Horrible Future : China - Holographic Cashless ATMs Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2025-09-23 00:07 +0000
              Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-23 01:42 +0000
                Re: The Horrible Future : China - Holographic Cashless ATMs Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2025-09-23 02:45 +0000
                  Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-23 06:09 +0000
            Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-23 09:57 +0200
              Re: The Horrible Future : China - Holographic Cashless ATMs The Natural Philosopher <tnp@invalid.invalid> - 2025-09-23 10:54 +0100
                Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-23 13:28 +0200
                  Re: The Horrible Future : China - Holographic Cashless ATMs The Natural Philosopher <tnp@invalid.invalid> - 2025-09-23 13:41 +0100
                    Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-23 22:05 +0200
                    Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-23 22:20 +0000
                      Re: The Horrible Future : China - Holographic Cashless ATMs c186282 <c186282@nnada.net> - 2025-09-23 21:30 -0400
                      Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-24 12:12 +0200
                        Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-24 20:42 +0000
                          Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-24 23:19 +0200
                            Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-25 00:29 +0000
                              Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-25 02:56 +0200
                                Re: The Horrible Future : China - Holographic Cashless ATMs The Natural Philosopher <tnp@invalid.invalid> - 2025-09-25 09:46 +0100
                                  Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-25 13:10 +0200
                  Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-23 22:17 +0000
                    Re: The Horrible Future : China - Holographic Cashless ATMs rbowman <bowman@montana.com> - 2025-09-24 03:09 +0000
                      Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-24 12:14 +0200
                Re: The Horrible Future : China - Holographic Cashless ATMs rbowman <bowman@montana.com> - 2025-09-23 16:56 +0000
                  Re: The Horrible Future : China - Holographic Cashless ATMs The Natural Philosopher <tnp@invalid.invalid> - 2025-09-23 18:12 +0100
                  Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-23 22:08 +0200
                    Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-23 21:45 +0000
                      Re: The Horrible Future : China - Holographic Cashless ATMs rbowman <bowman@montana.com> - 2025-09-24 03:15 +0000
                        Re: The Horrible Future : China - Holographic Cashless ATMs c186282 <c186282@nnada.net> - 2025-09-24 00:21 -0400
                    Re: The Horrible Future : China - Holographic Cashless ATMs rbowman <bowman@montana.com> - 2025-09-24 03:14 +0000
                      Re: The Horrible Future : China - Holographic Cashless ATMs Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2025-09-24 05:06 +0000
                        Re: The Horrible Future : China - Holographic Cashless ATMs c186282 <c186282@nnada.net> - 2025-09-24 01:22 -0400
                          Re: The Horrible Future : China - Holographic Cashless ATMs Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2025-09-24 05:42 +0000
                            Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-24 12:20 +0200
                      Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-24 12:16 +0200
          Re: The Horrible Future : China - Holographic Cashless ATMs Nuno Silva <nunojsilva@invalid.invalid> - 2025-09-23 11:01 +0100
            Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-23 13:22 +0200
              Re: The Horrible Future : China - Holographic Cashless ATMs Lawrence D’Oliveiro <ldo@nz.invalid> - 2025-09-23 21:42 +0000
                Re: The Horrible Future : China - Holographic Cashless ATMs "Carlos E.R." <robin_listas@es.invalid> - 2025-09-24 12:21 +0200
    Re: The Horrible Future : China - Holographic Cashless ATMs rbowman <bowman@montana.com> - 2025-09-18 20:07 +0000
      Re: The Horrible Future : China - Holographic Cashless ATMs John McCue <jmclnx@SPAMisBADgmail.com> - 2025-09-20 15:47 +0000

Page 1 of 3  [1] 2 3  Next page →


#74461 — The Horrible Future : China - Holographic Cashless ATMs

Fromc186282 <c186282@nnada.net>
Date2025-09-18 01:12 -0400
SubjectThe Horrible Future : China - Holographic Cashless ATMs
Message-ID<7S2dna3ARMc3CVb1nZ2dnZfqn_ednZ2d@giganews.com>
https://www.theportugalnews.com/news/2025-09-13/holographic-atm/880779

In China, futuristic cashless ATMs are transforming banking
with holographic, touch-free interfaces that float mid-air,
tracked by depth cameras and lidar.

The system is linked to digital wallets and secured with
palm-vein and facial authentication, powered by 5G, battery
backups, and real-time software updates.

Due to the cashless feature of these kiosks, they are slimmer,
sealed against dust, and sanitised by internal UV when idle.

. . .

   Gee ... we wouldn't want to catch a virus from a
   unit you don't even touch .......

   However there are several other kinds of 'viruses'
   here.

   BTW, "all electronic" means it's far EASIER for
   Vlad and friends to hack/rob.

   Think I'm gonna trend back towards cash money.

   The US state of Florida recently made it legal
   to do biz using gold coin - though not sure how
   many biz can cope with those. Purity scanners
   would be required.

   In any case, for "convenience" we've created a
   hugely vulnerable consumer economy. Somebody
   WILL soon take advantage.

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#74479

FromJohn McCue <jmclnx@SPAMisBADgmail.com>
Date2025-09-18 14:21 +0000
Message-ID<10ah4gi$3tlsl$1@dont-email.me>
In reply to#74461
c186282 <c186282@nnada.net> wrote:
> https://www.theportugalnews.com/news/2025-09-13/holographic-atm/880779
> 
> In China, futuristic cashless ATMs are transforming banking
> with holographic, touch-free interfaces that float mid-air,
> tracked by depth cameras and lidar.

But does it run Lunux :)

I think the writting is on the wall, eventually we
will be in a cashless society.  But I think it will
be a decade or 2 or 3 before we get there.  Not
looking forward to that day.
<snip>

> The US state of Florida recently made it legal
> to do biz using gold coin - though not sure how
> many biz can cope with those. Purity scanners
> would be required.

This is ripe for scams due to the price of gold being
very volatile these days.  Plus who in their right
mind would walk around with gold.  I wonder when the
"money changes" will arrive in FL ?  They can then
live in a Bible Utopia circa the year 4 :)

-- 
[t]csh(1) - "An elegant shell, for a more... civilized age."
                        - Paraphrasing Star Wars

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#74483

FromThe Natural Philosopher <tnp@invalid.invalid>
Date2025-09-18 17:12 +0100
Message-ID<10ahb0q$3vk5f$1@dont-email.me>
In reply to#74479
On 18/09/2025 15:21, John McCue wrote:
> c186282 <c186282@nnada.net> wrote:
>> https://www.theportugalnews.com/news/2025-09-13/holographic-atm/880779
>>
>> In China, futuristic cashless ATMs are transforming banking
>> with holographic, touch-free interfaces that float mid-air,
>> tracked by depth cameras and lidar.
> 
> But does it run Lunux :)
> 
> I think the writting is on the wall, eventually we
> will be in a cashless society.  But I think it will
> be a decade or 2 or 3 before we get there.  Not
> looking forward to that day.
> <snip>
That will make survival impossible if the reneable grid craqshes - as it 
will.

> 
>> The US state of Florida recently made it legal
>> to do biz using gold coin - though not sure how
>> many biz can cope with those. Purity scanners
>> would be required.
> 
> This is ripe for scams due to the price of gold being
> very volatile these days.  Plus who in their right
> mind would walk around with gold.  I wonder when the
> "money changes" will arrive in FL ?  They can then
> live in a Bible Utopia circa the year 4 :)
> 

-- 
     “I know that most men, including those at ease with problems of the 
greatest complexity, can seldom accept even the simplest and most 
obvious truth if it be such as would oblige them to admit the falsity of 
conclusions which they have delighted in explaining to colleagues, which 
they have proudly taught to others, and which they have woven, thread by 
thread, into the fabric of their lives.”

     ― Leo Tolstoy

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#74794

FromLawrence D’Oliveiro <ldo@nz.invalid>
Date2025-09-22 00:59 +0000
Message-ID<10aq70m$22nft$2@dont-email.me>
In reply to#74479
On Thu, 18 Sep 2025 14:21:06 -0000 (UTC), John McCue wrote:

> ... eventually we will be in a cashless society.

Here in 🇳🇿 it’s common to go months without any cash changing hands.

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#74818

From"Carlos E.R." <robin_listas@es.invalid>
Date2025-09-22 11:52 +0200
Message-ID<psi7qlxmmr.ln2@Telcontar.valinor>
In reply to#74794
On 2025-09-22 02:59, Lawrence D’Oliveiro wrote:
> On Thu, 18 Sep 2025 14:21:06 -0000 (UTC), John McCue wrote:
> 
>> ... eventually we will be in a cashless society.
> 
> Here in 🇳🇿 it’s common to go months without any cash changing hands.

Two days ago I ate "churros with chocolate" at a street "cabin" (fixed 
truck), and they had a sign: cash only.

On Chinese bazaars here (owned by Chinese people, so in sort called here 
"the chino") it is typical that there is a minimum amount to accept a 
card, otherwise it is cash.

I know some road coffee places with a similar sign: minimum for card use 
is 10€.


On the other hand, there is a regulation that mandates that any payment 
of 1000€ and above can not be made in cash.

-- 
Cheers, Carlos.
ES🇪🇸, EU🇪🇺;

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#74887

FromLawrence D’Oliveiro <ldo@nz.invalid>
Date2025-09-22 22:55 +0000
Message-ID<10ask51$2lq0s$2@dont-email.me>
In reply to#74818
On Mon, 22 Sep 2025 11:52:57 +0200, Carlos E.R. wrote:

> On 2025-09-22 02:59, Lawrence D’Oliveiro wrote:
>>
>> On Thu, 18 Sep 2025 14:21:06 -0000 (UTC), John McCue wrote:
>> 
>>> ... eventually we will be in a cashless society.
>> 
>> Here in 🇳🇿 it’s common to go months without any cash changing hands.
> 
> Two days ago I ate "churros with chocolate" at a street "cabin" (fixed
> truck), and they had a sign: cash only.

Here in 🇳🇿 EFTPOS is so common, even roadside vendors have a wireless 
terminal to take your payment.

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#74891

FromCharlie Gibbs <cgibbs@kltpzyxm.invalid>
Date2025-09-23 00:07 +0000
Message-ID<oxlAQ.45952$5qza.44773@fx16.iad>
In reply to#74887
On 2025-09-22, Lawrence D’Oliveiro <ldo@nz.invalid> wrote:

> On Mon, 22 Sep 2025 11:52:57 +0200, Carlos E.R. wrote:
>
>> On 2025-09-22 02:59, Lawrence D’Oliveiro wrote:
>>>
>>> On Thu, 18 Sep 2025 14:21:06 -0000 (UTC), John McCue wrote:
>>> 
>>>> ... eventually we will be in a cashless society.
>>> 
>>> Here in 🇳🇿 it’s common to go months without any cash changing hands.
>> 
>> Two days ago I ate "churros with chocolate" at a street "cabin" (fixed
>> truck), and they had a sign: cash only.
>
> Here in 🇳🇿 EFTPOS is so common, even roadside vendors have a wireless 
> terminal to take your payment.

I'm seeing more and more little boxes that plug into a smartphone
and let you stuff your card into it (or tap, if you're so inclined).

-- 
/~\  Charlie Gibbs                  |  Growth for the sake of
\ /  <cgibbs@kltpzyxm.invalid>      |  growth is the ideology
 X   I'm really at ac.dekanfrus     |  of the cancer cell.
/ \  if you read it the right way.  |    -- Edward Abbey

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#74903

FromLawrence D’Oliveiro <ldo@nz.invalid>
Date2025-09-23 01:42 +0000
Message-ID<10astuk$2noui$1@dont-email.me>
In reply to#74891
On Tue, 23 Sep 2025 00:07:48 GMT, Charlie Gibbs wrote:

> On 2025-09-22, Lawrence D’Oliveiro <ldo@nz.invalid> wrote:
> 
>> On Mon, 22 Sep 2025 11:52:57 +0200, Carlos E.R. wrote:
>>
>>> On 2025-09-22 02:59, Lawrence D’Oliveiro wrote:
>>>>
>>>> On Thu, 18 Sep 2025 14:21:06 -0000 (UTC), John McCue wrote:
>>>> 
>>>>> ... eventually we will be in a cashless society.
>>>> 
>>>> Here in 🇳🇿 it’s common to go months without any cash changing hands.
>>> 
>>> Two days ago I ate "churros with chocolate" at a street "cabin" (fixed
>>> truck), and they had a sign: cash only.
>>
>> Here in 🇳🇿 EFTPOS is so common, even roadside vendors have a wireless
>> terminal to take your payment.
> 
> I'm seeing more and more little boxes that plug into a smartphone and
> let you stuff your card into it (or tap, if you're so inclined).

I think these are EFTPOS terminals that take SIMs directly.

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#74908

FromCharlie Gibbs <cgibbs@kltpzyxm.invalid>
Date2025-09-23 02:45 +0000
Message-ID<eRnAQ.34132$c0Da.18255@fx18.iad>
In reply to#74903
On 2025-09-23, Lawrence D’Oliveiro <ldo@nz.invalid> wrote:

> On Tue, 23 Sep 2025 00:07:48 GMT, Charlie Gibbs wrote:
>
>> On 2025-09-22, Lawrence D’Oliveiro <ldo@nz.invalid> wrote:
>> 
>>> Here in 🇳🇿 EFTPOS is so common, even roadside vendors have a wireless
>>> terminal to take your payment.
>> 
>> I'm seeing more and more little boxes that plug into a smartphone and
>> let you stuff your card into it (or tap, if you're so inclined).
>
> I think these are EFTPOS terminals that take SIMs directly.

Such things may indeed exist, but the ones I've been seeing
are driven by an app running on the phone.

-- 
/~\  Charlie Gibbs                  |  Growth for the sake of
\ /  <cgibbs@kltpzyxm.invalid>      |  growth is the ideology
 X   I'm really at ac.dekanfrus     |  of the cancer cell.
/ \  if you read it the right way.  |    -- Edward Abbey

[toc] | [prev] | [next] | [standalone]


#74919

FromLawrence D’Oliveiro <ldo@nz.invalid>
Date2025-09-23 06:09 +0000
Message-ID<10atdin$2qptv$1@dont-email.me>
In reply to#74908
On Tue, 23 Sep 2025 02:45:30 GMT, Charlie Gibbs wrote:

> On 2025-09-23, Lawrence D’Oliveiro <ldo@nz.invalid> wrote:
> 
>> On Tue, 23 Sep 2025 00:07:48 GMT, Charlie Gibbs wrote:
>>
>>> On 2025-09-22, Lawrence D’Oliveiro <ldo@nz.invalid> wrote:
>>> 
>>>> Here in 🇳🇿 EFTPOS is so common, even roadside vendors have a wireless
>>>> terminal to take your payment.
>>> 
>>> I'm seeing more and more little boxes that plug into a smartphone and
>>> let you stuff your card into it (or tap, if you're so inclined).
>>
>> I think these are EFTPOS terminals that take SIMs directly.
> 
> Such things may indeed exist, but the ones I've been seeing are driven
> by an app running on the phone.

Yup, such terminals exist in the civilized world.

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#74933

From"Carlos E.R." <robin_listas@es.invalid>
Date2025-09-23 09:57 +0200
Message-ID<7g0aqlx0qp.ln2@Telcontar.valinor>
In reply to#74887
On 2025-09-23 00:55, Lawrence D’Oliveiro wrote:
> On Mon, 22 Sep 2025 11:52:57 +0200, Carlos E.R. wrote:
> 
>> On 2025-09-22 02:59, Lawrence D’Oliveiro wrote:
>>>
>>> On Thu, 18 Sep 2025 14:21:06 -0000 (UTC), John McCue wrote:
>>>
>>>> ... eventually we will be in a cashless society.
>>>
>>> Here in 🇳🇿 it’s common to go months without any cash changing hands.
>>
>> Two days ago I ate "churros with chocolate" at a street "cabin" (fixed
>> truck), and they had a sign: cash only.
> 
> Here in 🇳🇿 EFTPOS is so common, even roadside vendors have a wireless
> terminal to take your payment.

Certainly, they can have it. Vendors that want it have it. The 
interesting thing is that these people refuse to have it, for some 
reason that we can only speculate about.

Possibly the banks charge a commission that the vendor considers too 
high, or they want to keep their income private. Even though they have 
to handle cash which is work, has a cost, and is possibly dangerous.

-- 
Cheers, Carlos.
ES🇪🇸, EU🇪🇺;

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#74938

FromThe Natural Philosopher <tnp@invalid.invalid>
Date2025-09-23 10:54 +0100
Message-ID<10atqp0$2tidd$7@dont-email.me>
In reply to#74933
On 23/09/2025 08:57, Carlos E.R. wrote:
> Certainly, they can have it. Vendors that want it have it. The 
> interesting thing is that these people refuse to have it, for some 
> reason that we can only speculate about.
Cash need not be all declared for tax purposes.

-- 
I would rather have questions that cannot be answered...
...than to have answers that cannot be questioned

Richard Feynman


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#74962

From"Carlos E.R." <robin_listas@es.invalid>
Date2025-09-23 13:28 +0200
Message-ID<9rcaqlx33q.ln2@Telcontar.valinor>
In reply to#74938
On 2025-09-23 11:54, The Natural Philosopher wrote:
> On 23/09/2025 08:57, Carlos E.R. wrote:
>> Certainly, they can have it. Vendors that want it have it. The 
>> interesting thing is that these people refuse to have it, for some 
>> reason that we can only speculate about.
> Cash need not be all declared for tax purposes.
> 

True, but still the same merchant has to buy raw products in large 
quantities. In this case, electricity, oil (edible), flour... if 
payments are above 1000€, he can not use cash. Also large merchants are 
less likely to try to avoid VAT and paper trails.

But yes, the reasons everybody suspects are bank commissions and tax 
avoidance.

-- 
Cheers, Carlos.
ES🇪🇸, EU🇪🇺;

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#74973

FromThe Natural Philosopher <tnp@invalid.invalid>
Date2025-09-23 13:41 +0100
Message-ID<10au4hm$2tidd$34@dont-email.me>
In reply to#74962
On 23/09/2025 12:28, Carlos E.R. wrote:
> On 2025-09-23 11:54, The Natural Philosopher wrote:
>> On 23/09/2025 08:57, Carlos E.R. wrote:
>>> Certainly, they can have it. Vendors that want it have it. The 
>>> interesting thing is that these people refuse to have it, for some 
>>> reason that we can only speculate about.
>> Cash need not be all declared for tax purposes.
>>
> 
> True, but still the same merchant has to buy raw products in large 
> quantities. In this case, electricity, oil (edible), flour... if 
> payments are above 1000€, he can not use cash. Also large merchants are 
> less likely to try to avoid VAT and paper trails.
> 
> But yes, the reasons everybody suspects are bank commissions and tax 
> avoidance.
> 

In the UK we are deluged with an influx of 'Turkish Barbers' and 
haircutters.

Who only take cash. How that so many can exist and still be profitable 
is accounted for by the fact that they are ideal to launder drug money 
with.

You just claim to have cut 1000 beards instead of selling 100 bags of 
heroin...


-- 
“The fundamental cause of the trouble in the modern world today is that 
the stupid are cocksure while the intelligent are full of doubt."

    - Bertrand Russell

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#75005

From"Carlos E.R." <robin_listas@es.invalid>
Date2025-09-23 22:05 +0200
Message-ID<56bbqlx4mu.ln2@Telcontar.valinor>
In reply to#74973
On 2025-09-23 14:41, The Natural Philosopher wrote:
> On 23/09/2025 12:28, Carlos E.R. wrote:
>> On 2025-09-23 11:54, The Natural Philosopher wrote:
>>> On 23/09/2025 08:57, Carlos E.R. wrote:
>>>> Certainly, they can have it. Vendors that want it have it. The 
>>>> interesting thing is that these people refuse to have it, for some 
>>>> reason that we can only speculate about.
>>> Cash need not be all declared for tax purposes.
>>>
>>
>> True, but still the same merchant has to buy raw products in large 
>> quantities. In this case, electricity, oil (edible), flour... if 
>> payments are above 1000€, he can not use cash. Also large merchants 
>> are less likely to try to avoid VAT and paper trails.
>>
>> But yes, the reasons everybody suspects are bank commissions and tax 
>> avoidance.
>>
> 
> In the UK we are deluged with an influx of 'Turkish Barbers' and 
> haircutters.
> 
> Who only take cash. How that so many can exist and still be profitable 
> is accounted for by the fact that they are ideal to launder drug money 
> with.
> 
> You just claim to have cut 1000 beards instead of selling 100 bags of 
> heroin...

Ufff :-(

-- 
Cheers, Carlos.
ES🇪🇸, EU🇪🇺;

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#75031

FromLawrence D’Oliveiro <ldo@nz.invalid>
Date2025-09-23 22:20 +0000
Message-ID<10av6ej$393b7$6@dont-email.me>
In reply to#74973
On Tue, 23 Sep 2025 13:41:26 +0100, The Natural Philosopher wrote:

> In the UK we are deluged with an influx of 'Turkish Barbers' and
> haircutters.
> 
> Who only take cash. How that so many can exist and still be profitable
> is accounted for by the fact that they are ideal to launder drug money
> with.

I keep thinking about the fine-art world, and the silly prices regularly 
paid for items at auctions. Is there some aspect of money-laundering going 
on there as well? Hard to tell, when the goods all too often go to an 
“unknown buyer”.

Until some name turns up in a later Panama-Papers-style mass leak of 
secrets of the rich and famous ...

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#75055

Fromc186282 <c186282@nnada.net>
Date2025-09-23 21:30 -0400
Message-ID<J1udnSsU2v871E71nZ2dnZfqnPednZ2d@giganews.com>
In reply to#75031
On 9/23/25 18:20, Lawrence D’Oliveiro wrote:
> On Tue, 23 Sep 2025 13:41:26 +0100, The Natural Philosopher wrote:
> 
>> In the UK we are deluged with an influx of 'Turkish Barbers' and
>> haircutters.
>>
>> Who only take cash. How that so many can exist and still be profitable
>> is accounted for by the fact that they are ideal to launder drug money
>> with.
> 
> I keep thinking about the fine-art world, and the silly prices regularly
> paid for items at auctions. Is there some aspect of money-laundering going
> on there as well? Hard to tell, when the goods all too often go to an
> “unknown buyer”.
> 
> Until some name turns up in a later Panama-Papers-style mass leak of
> secrets of the rich and famous ...

   Ummmm ... might be SOME laundry being done there.

   But, despite the prices, I just don't think the
   cash VOLUME is enough for most purposes. What
   you need are hundreds of little laundry people
   who work 24/7/365. That adds up.

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#75094

From"Carlos E.R." <robin_listas@es.invalid>
Date2025-09-24 12:12 +0200
Message-ID<ioscqlxt9j.ln2@Telcontar.valinor>
In reply to#75031
On 2025-09-24 00:20, Lawrence D’Oliveiro wrote:
> On Tue, 23 Sep 2025 13:41:26 +0100, The Natural Philosopher wrote:
> 
>> In the UK we are deluged with an influx of 'Turkish Barbers' and
>> haircutters.
>>
>> Who only take cash. How that so many can exist and still be profitable
>> is accounted for by the fact that they are ideal to launder drug money
>> with.
> 
> I keep thinking about the fine-art world, and the silly prices regularly
> paid for items at auctions. Is there some aspect of money-laundering going
> on there as well? Hard to tell, when the goods all too often go to an
> “unknown buyer”.

If the auction is in Spain, the auctioneer gets the name of the buyer, 
because he can not make the purchase with cash, has to use traceable 
money transfer methods and pay the taxes.

He still can use an intermediary.

However, maybe the auctioneer is not obligated to publish the name of 
the buyer, just tell it to the tax agency.

> 
> Until some name turns up in a later Panama-Papers-style mass leak of
> secrets of the rich and famous ...


-- 
Cheers, Carlos.
ES🇪🇸, EU🇪🇺;

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#75127

FromLawrence D’Oliveiro <ldo@nz.invalid>
Date2025-09-24 20:42 +0000
Message-ID<10b1l32$3tbca$5@dont-email.me>
In reply to#75094
On Wed, 24 Sep 2025 12:12:02 +0200, Carlos E.R. wrote:

> If the auction is in Spain, the auctioneer gets the name of the buyer,
> because he can not make the purchase with cash, has to use traceable
> money transfer methods and pay the taxes.
> 
> He still can use an intermediary.
> 
> However, maybe the auctioneer is not obligated to publish the name of
> the buyer, just tell it to the tax agency.

But presumably, same as here in NZ, the tax department is legally 
forbidden from sharing taxpayer records with police. You can be a criminal 
running a drug-smuggling racket, but so long as you pay the right taxes on 
your income, they are not going to snitch on you to the cops.

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#75133

From"Carlos E.R." <robin_listas@es.invalid>
Date2025-09-24 23:19 +0200
Message-ID<rs3eqlxksr.ln2@Telcontar.valinor>
In reply to#75127
On 2025-09-24 22:42, Lawrence D’Oliveiro wrote:
> On Wed, 24 Sep 2025 12:12:02 +0200, Carlos E.R. wrote:
> 
>> If the auction is in Spain, the auctioneer gets the name of the buyer,
>> because he can not make the purchase with cash, has to use traceable
>> money transfer methods and pay the taxes.
>>
>> He still can use an intermediary.
>>
>> However, maybe the auctioneer is not obligated to publish the name of
>> the buyer, just tell it to the tax agency.
> 
> But presumably, same as here in NZ, the tax department is legally
> forbidden from sharing taxpayer records with police. You can be a criminal
> running a drug-smuggling racket, but so long as you pay the right taxes on
> your income, they are not going to snitch on you to the cops.

Eum... They will certainly cooperate if there is a court order, 
otherwise they are very secretive.

What they don't do is yield the records of everybody to the police so 
that they can find out drug lords. But the tax agency does scans of 
their own to find fraud or tax evasion.

-- 
Cheers, Carlos.
ES🇪🇸, EU🇪🇺;

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