4 ms·
Maybe, because you don't own your cash, your cash is a credit that society acknowledges to you, so hiding it from which makes it valuable is nuts. Can you eat
by mercacona 7y ago
Maybe, because you don't own your cash, your cash is a credit that society acknowledges to you, so hiding it from which makes it valuable is nuts.
Can you eat your cash? Can you fly using your cash? Can you build a phone with cash? No, you can't do anything with cash without a public exchange that might be accountable.
Unfortunately, people did buy the idea that ”Markets can work without accountability”, and that's what you do when laundering money in a fiscal paradise. Hopefully, crypto can drive us out of that craziness of money as a good.
- ClumsyPilot 7y agoThis is quite a good point. No-one is stopping you from stockpiling Oil, Gold, or whatever.