7 ms·
Dollars are not an analogue though, because we don't have a record of every time a dollar bill changed hands. Or at least so my thinking goes.
by sliverstorm 13y ago
Dollars are not an analogue though, because we don't have a record of every time a dollar bill changed hands. Or at least so my thinking goes.
- SilasX 13y agoThey're close enough for purposes of understanding the dynamics. For example, cash bills weren't well-mixed, then finding cocaine on your money would indeed be evidence that you were one or two levels removed from drug handlers, and may (legally and rationally) justify a look at the people you've been in contact with. Likewise, when it's not regular practice to mix up your bitcoins through pools, then holding a marked coin would be evidence of wrongdoing. (And I've argued elsewhere that that's also a reason for prosecuting mixing pools as money launderers!)