Comment by lazide

You are not wrong.

Cash is superior in the ability to have intermediate transactions hidden. However it has similar issues in that bills are serialized, and I believe scanned/tracked - or at least there is the capability to do so. So in theory, when moving it out of and back into the system, it can be tied to real identities not just pseudonyms too.

Though frankly, it seems like no one really cares most of the time.