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Bitcoin is more damaging to surveillance than helpful. Cash is being phased every year. The $10,000 limit in the USA was established in 1970, I guarantee it wo
by almost_usual 3y ago
Bitcoin is more damaging to surveillance than helpful. Cash is being phased every year.
The $10,000 limit in the USA was established in 1970, I guarantee it won’t be adjusted for inflation.
- jonahbenton 3y agoNah. The blockchain is forever and there are all these breadcrumb producing onramps.
- kjkjadksj 3y agoIts probably a lot easier to do a better job of covering your tracks with cash than with bitcoin.
- almost_usual 3y agoAbsolutely but the point I’m making is that I don’t see cash existing in the near future.
- kjkjadksj 3y agoThe cash economy is huge though. Probably not as visible as if you are more wealthy perhaps and frequent more upscale businesses, but at least in socal there are many many businesses that work on a cash only basis for a variety of reasons.
- jonahbenton 3y agoTruth, of interest https://thehill.com/opinion/finance/4273988-hamas-just-learned-a-brutal-lesson-about-bitcoin-can-senators-also-learn-it/ https://thehill.com/opinion/finance/4273988-hamas-just-learn...