this post was submitted on 21 Aug 2023
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Though great privacy when used offline, which is also pretty sick and the adoption levels defies reason, it's virtually usable globally both online and offline.
Bank notes have unique identifier allowing the government to track the path of your money. Privacy is dead
That also assumes every bill you use will be immediately returned to a bank. You'd have no way of knowing where money comes from and belongs to after one hop. Just make a purchase at the supermarket to exchange a 50 for 45 and you've got anonymous cash.
This assumes the supermarket doesn't track everything
They don't. It wouldn't benefit the corporation in any way. They'll only do what makes money and that would cost money with no return.
What if the government pays the supermarket to do it? They'd have a financial incentive, then. I could imagine this scenario in a high-security authoritarian paradigm.
That scenario only exist in the mind of schizophrenic paranoiacs
We heard this all the time before Snowden
You watch too much anime dude.
I'll have you know, I've watched exactly zero hours of anime this year.
And this would be different from Bitcoin? You know you can track it pretty easily, right?
Not if you make any effort at all to not be tracked
Eh... You think cashiers write down all bill numbers or something?
In my country, it happens that machines are handling paper money. Cashiers are just unauthorized to do it. I bet downvoters come from reddit
No, downvoters are just not paranoiacs.
Also, everyone comes from Reddit.
This is a Reddit clone.
That said, they do broadly track movements of physical currency. It's one of, or was one of, their primary tools against counterfeiting, tracking large cash robberies, money laundering, etc.
They might not know "This bill was held by Person X and they spent it at Y which spent it at Z" but they do know "Person X had this bill, and it showed up again in region A. If more with associated numbers also show up in the area Person X is most likely there."
Actual credible source please
Besides over a century's worth of public records of investigations into financial crimes and bank robberies?
https://carnation-inc.com/blogs/money-handling-blog/how-does-the-government-track-marked-bills
https://hiphopwired.com/playlist/pooh-shiesty-federal-indictment-robbery/
https://www.fox6now.com/news/brown-deer-bank-robbery-milwaukee-woman-charges
This must be some zoomer blind spot because this is just common knowledge to anyone that grew up in a cash economy and had a proper taste in fine art (aka heist movies and pulp fiction)
GPS tracker, bunch of tweets, website that nobody knows...
I asked for a credible source and have yet to see one 🙂
Oh, you're not naive, you're just dumb and lazy.
Well, good luck with that.
At least I'm not paranoid delusional 🤷
Yeah so cashiers still handle the cash in US with drawers and having to even out and everything. this is likely why you are getting so many u r crazy replies. I imagine the us will get like that eventually. Myself I almost exclusively use cc so im like an open book.
That’s why I roam the streets trading bills with strangers
Chad behavior
@ninjan @mod_pp Globally offline? In the US and maybe in some countries that don't have a stable currency on their own. Anywhere else you can't use it.
You'd be hard pressed to not find an exchange shop in any major city which is were most people reside these days. And I've yet to encounter a currency exchange that doesn't take USD cash.
@ninjan So you first have to exchange it for real currency in order to use it?
I'm just saying you can bring a duffel bag of USD with you and in just about any large city world wide you'll be fine. Some you can transact directly but most you'll need to locate an exchange first. Still the most versatile currency there is, and more universally accepted than anything else. Sure your VISA card works just about everywhere too but it's traceable to the max and there are places where USD works far better than a card.