The
infographic shows the 10 most popular banknotes worldwide with its anti-counterfeiting security.
There are thousands of million dollars counterfeit circulating worldwide. Just in The US the FED said 7.3
We conclude that the total value of counterfeits in circulation at any moment is approximately $70 million or about one note in 10,000, and is highly unlikely to exceed
$200 million, or about 2.5 in 10,000.it's costly for the society (more regulations, more resources to deter, individual or business accepting it accidentally >direct loss,...) Counterfeit money exists since the Ancient Rome at least, and it can destroy a government and its economy. Even the Nazis were counterfeiting the USD and GBP (
Operation Bernhard) If only 1% of your circulating currency is fake your government is out. It can't borrow money anymore, business will stop to accept the currency, and since it's the only one, then the economy will be dead.
Do you know how many Bitcoin has ever been counterfeited since10 years?
ZERO !This comparsion is invalid. Bitcoin isn't counterfeited, but there are forks made of it, with an intent to make money, get rich scheme. People use bitcoin for all sorts of nefarious activities, cash is used more, but so is bitcoin. Remember when the FBI confiscated the bitcoins held by the SilkRoad criminals? Bitcoin is better than "banknotes" but we have to still rely on banknotes , as bitcoin is not a currency that every one wishes to accept. Its either a Ponzi or a fucking investment in people's eyes. People will never understand the true purpose of bitcoin.
Invalid how? The forks don't aim to be the real Bitcoin (ok Bcash does) when you are showed a 1 Bitcoin Gold they don't tell you it's a Bitcoin, they say it's a Bitcoin gold. With counterfeit money, they will make you think it's a real banknote. Following your argument, a Canadian dollar banknote is a counterfeit banknote of the US dollar...
