There's a major distinction, however, in that it's a heck of a lot harder to safely and reliably lug briefcases or suitcases full of $100 bills from Chicago to Tehran, than it is to click and transfer some Bitcoin. Which is the whole point.
replyYeah, crypto is a safer, more reliable alternative for many use cases, including those that are fundamentally honest. For instance, if you're an honest person trapped as a citizen in a despotic authoritarian state that doesn't respect your property rights, crypto may be the safest, most reliable alternative for storing and transferring your hard-earned savings.
replyI knew someone who ran an exchange house (like the kind you find in airports)
replyHe said that euros are very popular because there are 500 euro bills.
I guess they stopped making them.
> Just because criminals and evildoers use US $100 bills doesn't mean they are not useful and valuable to honest people too.
replyLike all of the ATMs near a dispensary that was always out of cash because 20 individual $20 bills runs out a lot faster than 4 $100 bills. Until dispensaries became legal, it was rare for me to see an ATM with anything other than $20s. Now, I see $20, $50, $100 dispensing machines regularly.
> Now, I see $20, $50, $100 dispensing machines regularly.
replyThere's also been a lot of inflation.
If you held a $50 bill in 1997, or a $20 bill in 1978, then you held a note worth more than a $100 bill today.
A briefcase of $100 notes is just around 1 million. That's like a tip you give to a waiter these days in the world of crypto.
replyAt the scale of cryptocrime, you'd be looking at trucks filled with $100 notes.