RE: MASSIVE Breach Of India's Cashless Database! - Government Tracks Every Transaction
I think it was clear all along that the database will be compromised at some point.
Since there is no data protection or privacy laws, this is not really valid point! - yea, surprise.
I'm scared of how many warmly welcome a cashless society.
The word cashless should be taken with a pinch of salt when you talk about India. In 2016, we just banned all the currency notes. So, we had cash means, printed legal tender, but they were useless.
Now I am aware that what you meant is digital payments - its going down. Ref: https://thewire.in/195161/modis-cashless-economy-still-distant-goal/
I'm scared of how many warmly welcome a cashless society. How can they not see how bad this can/will end?
Oh, India's GDP is on , sadly, a downward spiral :-( .... with the ultra stable reserves, an excellent RBI with stalwarts like Raghuram Rajan ( https://en.wikipedia.org/wiki/Raghuram_Rajan ), its in soup.
Yeah no surprise but I think it is crucial information which should be protectet. Though I'm against it overall. So no need to protect when we don't collect in the first place:)
Sorry I completely misspelled that one. I meant lot of people would warmly accept to shift to a total electrical payment system just because it would be "fun"
Thanks for your response.
Yes once it has started it will spiral down to even more outrageous concepts and laws.
I really hope they can reverse it somehow in india. We can't let that slip through otherwise it will be the blueprint for other countries.
Even in germany it has already begun. They banned the biggest paperbill because of the blackmarket.
I was not aware!
Yes - also collection is not legal or the government doesn't have the authority to collect as per the current laws of the country. So the previous government created an independent authority and made them do the illegal thing. The current government, which originally opposed is supporting it. So right now the Aaadhar aka UID has become legal as of 2017, but the privacy and data protection is not available. Its a paradox and the stupidest stupid thing ever!