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Paper cash is mostly untraceable, so we're not really changing that much. BTC is much more traceable.
by imglorp 11y ago
Paper cash is mostly untraceable, so we're not really changing that much.
BTC is much more traceable.
- ctoth 11y agoWhich is why I made this comment on a thread about a new digital currency that according to the title is untraceable, and not a thread about BTC.
- SuddsMcDuff 11y agoDon't rely on paper cash being around for that much longer either - http://www.zerohedge.com/news/2016-01-23/norways-biggest-bank-demands-cash-ban http://www.zerohedge.com/news/2016-01-23/norways-biggest-ban...
- Symbiote 11y agoI moved to Denmark a few months ago, and have been asking a few people whether they'd prefer cash. Street food vendor: no, he preferred a card. Taxi driver: no, but he didn't want to take a card either, only a bank transfer from my phone. My account isn't set up for that yet, so he took the cash, then didn't have the 5kr change. Supermarket, exact change for a single item: I delayed people behind me, the machine used to count coins didn't accept mine. Café, for a single soft drink with exact change: I didn't ask, but the man dropped the exact change into the empty coin tray. So the result is I still have most of the coins which a foreign friend left behind after visiting in December.
- csomar 11y agoYou can't compare Paper Cash to Bitcoin or Crypto-Currencies. You can't take $5million cash through Airport security. You can take $1bn bitcoin brainwallet through airport security, and nobody will ever notice.