← Back to context Comment by integralid 2 months ago Cash is more anonymous and less trackable than Bitcoin and the society didn't collapse. 9 comments integralid Reply tgv 2 months 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. krior 2 months ago Then why should we use bitcoin? CaRDiaK 2 months 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 2 months 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. 2 replies → lmz 2 months ago Cash is a bit bulky and can't be sent over fiber. rounce 2 months ago https://en.wikipedia.org/wiki/Hawala 1 reply →
tgv 2 months 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.
krior 2 months ago Then why should we use bitcoin? CaRDiaK 2 months 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 2 months 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. 2 replies → lmz 2 months ago Cash is a bit bulky and can't be sent over fiber. rounce 2 months ago https://en.wikipedia.org/wiki/Hawala 1 reply →
CaRDiaK 2 months 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 2 months 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. 2 replies →
bdcravens 2 months 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. 2 replies →
lmz 2 months ago Cash is a bit bulky and can't be sent over fiber. rounce 2 months ago https://en.wikipedia.org/wiki/Hawala 1 reply →
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.
Then why should we use bitcoin?
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.
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.
2 replies →
Cash is a bit bulky and can't be sent over fiber.
https://en.wikipedia.org/wiki/Hawala
1 reply →