Post
Topic
Board Beginners & Help
Re: Bitcoins and Terrorism
by
sounds
on 02/02/2013, 13:18:35 UTC
Look at 1000USD and 500€ notes... they are even less traceable than bitcoins
Actually they are sort of traceable. First, Snopes debunks that they are RFID-enabled. But every bill has a serial number, and for large amounts of currency it is quite rare to use cash. That means the bills have a very short trip from one bank to another, where they are always carefully inventoried. Put it all together and it means it's simple to figure out who got the bill out of a bank and who put it back.