3 ms·
> With cash, the moment the object and the bills change hands, the funds transfer has irrecovably settled without any external dependency being possible. It is
by Sankozi 5y ago
> With cash, the moment the object and the bills change hands, the funds transfer has irrecovably settled without any external dependency being possible.
It isn't even remotely true. You might get mugged, you might lose money, you might get counterfeit money.
- walterbell 5y agoThose are pre/post-transaction risks, not settlement risks. Cashless systems also have their own pre/post-transaction risks.