• 43 Posts
  • 14 Comments
Joined 1 year ago
cake
Cake day: September 2nd, 2023

help-circle

  • I finally finished On the Silver Globe. What started out as an amazingly ambitious sci-fi for being shot in the late 70s, it falls of a cliff after the prologue. It’s probably budget constraints but later parts are something between way too artsy theatre play and a Burning Man festival. Watch first half an hour and then go check out stills from the rest of the movie because scene compositions and art direction is insane. Alternatively just watch a modern trailer, leave everything to imagination and skip it entirely.





















  • It is very stupid to use a centralized digital coin to avoid taxes while you can just avoid declaring what you earned when you get cash instead of digital payments

    Does your revenue service have a way of monitoring this or would they have to verify each case manually? This is an obfuscation mechanism.

    I’m not sure what this means

    Are they checking if their business partners are on sanctions lists, as required by law? How many people at Sardex are hired and accountable for compliance with anti-money laundering and counter-terrorism financing regulations?

    In your country companies are legally required and accountable for making sure their user are paying taxes? Here they are required traceability and stuff but it’s not their job to do the guardia di finanza job.

    I’m not asking who’s collecting taxes but who’s making sure they’re paying taxes. In EU and most of the civilised world banks would be liable if they were aware or didn’t do enough due diligence to spot that.

    This is not a bias against Italy, it’s a bias against businessmen. This happening in Sicily just makes for a funnier context.




  • I still have trouble understanding what problem does Sardex solve (which is flat out a red flag in context of AML). It’s described that it allows for lending activity as well as barter. For all the talk of not being a currency it is one because that’s the only new thing that it brings to the table. You can do all of those things with bank relegated to holding cash at hand only.

    And for all those dubious benefits, it certainly helps with all the pesky due diligence that a regular bank does on the behalf of the government. I wasn’t born yesterday - this is done to obfuscate anything from tax avoidance to human trafficking.