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It also assumes that money doesn't change hands multiple times before going back into another bank.
by freejazz 4y ago
It also assumes that money doesn't change hands multiple times before going back into another bank.
- ilyt 4y agoYou could probably infer a lot without knowing who traded it to who. If say * person A gets 100 banknotes from the bank, gives 50 to person B, * person B pays 25 to person C and 5 back to bank (say, taxes) * person C pays 5 of them to the bank You can infer with some probability who traded what to who.
- freejazz 4y agoNot really. A billion other things also could have happened, they just didn't. Also, when was the last time you deposited cash?
- kelnos 4y agoMany people don't, but businesses deposit excess cash daily. Certainly, though, those same businesses keep a lot of cash in order to give change to other customers. But that cash will still likely end up back at a bank before too long.
- kelnos 4y agoThe person who made this point addressed this already: > banknotes are only in circulation for one or two exchanges before coming back to a bank No, you don't get the 100% whole picture, but you can mine a ton out of data points like "note 38573204 was given to John Doe via ATM on 2023-01-10, and returned to bank by Jane Smith (owner of ABC Widgets) on 2023-01-14".
- freejazz 4y agoNot really. Coincidentally, there is no database of that. Hmm, wonder why!