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Fiat aren't less "online/digital" than crypto, they're less "cash" than crypto in the sense that no third party can prevent you from receiving or sending it. I
by lawn 5y ago
Fiat aren't less "online/digital" than crypto, they're less "cash" than crypto in the sense that no third party can prevent you from receiving or sending it.
If you use something like Monero it's also much less traceable than digital fiat.
- tsimionescu 5y ago> Fiat aren't less "online/digital" than crypto, they're less "cash" than crypto in the sense that no third party can prevent you from receiving or sending it. That's not what the GP was claiming, but even this is debatable. With in-person cash, it's generally impossible for anyone to prevent your from doing a transaction. But with BTC, it's not that hard to prevent a vendor from shipping the item to you, even if they can't prevent the transfer from going through. Perhaps Monero is indeed untraceable, but as long as your buying physical goods, those need to be delivered to some physical address, and can be traced that way.