3 ms·

Cash is more anonymous and less trackable than Bitcoin and the society didn't collapse.

• krior 9mo ago
  Then why should we use bitcoin?
  • lmz 9mo ago
    Cash is a bit bulky and can't be sent over fiber.
    • rounce 9mo ago
      https://en.wikipedia.org/wiki/Hawala https://en.wikipedia.org/wiki/Hawala
      • mothballed 9mo ago
        Hawala is such a simple, effective, and relatively anonymous system that bypasses banking that the government had to convince the populace that anyone who uses it is a terrorist. It also helps they use the arab name even though it is of Indian origin.
  • CaRDiaK 9mo ago
    Because it’s faster, easier, safer and cheaper to transfer large volumes of capital than say loading a plane with gold or sending a bag of cash.
    • bdcravens 9mo ago
      As long as you're quick to cash in and cash out of it. Potential gains are fun, but losing 10% a month isn't.
      • xvector 9mo ago
        That's not a real problem though, stablecoins exist.
        • bdcravens 9mo ago
          You're not wrong, but the conversation was about Bitcoin, not cryptocurrency in general.
• tgv 9mo ago
  You can't get (much) cash without the transaction being traced or criminal in many countries. There's a limit to legal cash transactions. Arguments about amount are immaterial to me. Cash transactions of say $500k are physically doable in many systems. And cash transaction don't require burning the Amazon, of course.