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Cash payment limit of $10000AUD is proposed in Australia. $10000AUD weighs fuckall. https://treasury.gov.au/policy-topics/economy/black-economy/cash-rules-201

• knorker 6y ago
  I could also easily carry more than $10k across a border. It's illegal without reporting it (exact number varies). But that's one type of payment. I've carried $2k USD in just $20s in my pocket across international borders, and had it been in $100s that would be the limit. But if I want to transfer even one million dollars that 100 trips. Or 100 pockets if I ignore the law. I own cargo pants, but even they don't have 100 pockets. And a billion? That's a thousand people each with a hundred pockets full of cash. What I was saying is that mere logistics makes it hard to move a billion in cash. So there's a natural prevention of moving large amounts of cash. It's not impossible, but "making it hard" was done on purpose. So cryptocurrencies are not "clever" for "fixing a problem". They're actually removing the amelioration to the problem.