5 ms·

You could say the same for cash.

• adrianN 6y ago
  Do you really believe 95% of cash transaction are for despicable purposes?
  • deleted 6y ago
    [deleted]
  • maltalex 6y ago
    It's actually not that far of the mark. There's a LOT more cash out there than you probably think, and no one really know where is it and what's it being used for. As an example, 80% of the bills in circulation in the US are 100$ bills. It's so much cash that "The average person would be having to carry around 35 or 36 of them in their house or in their wallet. This is for every man, woman, and child." And according to the federal reserve, the demand for large bills comes mostly from border states - Florida, California and Texas. Source: https://freakonomics.com/podcast/still-using-cash/ https://freakonomics.com/podcast/still-using-cash/
    • clort 6y ago
      Its very likely skewed, such that 95% of the transactions are innocent but 95% of the value is despicable. (for some value of 95%)
    • dx034 6y ago
      Most likely, the vast majority are not in circulation but stored somewhere and are outside the US anyway. A stack of $100 bills is probably the best long-term investment for illegal funds that will be used at some point in the future. It's relatively easy to transport, valid until eternity (other than e.g. UK where bills are taken out of circulation every few years or decades) and accepted world wide.
  • deathgrips 6y ago
    Depends on what you think is despicable. That's the problem with setting limits on freedom.