Re: Why the fuck do we still use cash?

Go buy a hotdog on the street shop and pay him with paypal

LOL, now yes i got your point. bt why do we still use cash for larger transactions?

I personally don't know many people that use Cash for "large" purposes. Cash still has some advantages over BTC atm, for example it is much easier to transact in cash when you do not have access to an internet connection.

Another advantage of cash it it's relative anonymity as it generally cannot be traced and it is nearly impossible to determine who had/spent what exact dollar bill

I am glad you saying nearly impossible. Wink

I know law enforcement use "micro dot" technology to mark money, and serial numbers on bills etc.. to track "dirty" money. But as for tracking it, from mint to let's say 2 years use... yea I grant you that it's nearly impossible.

I think we will have fiat cash with us for many more years... Some people still trade in cattle in 3rd world countries, and they had "cash" for years.

Merchant adoption, would determine, how fast fiat cash would dissapear. {Imagine years from now, when people will say... "Do you remmember, when we still used cash, to pay for stuff" Grin

Generally speaking most cash transactions are truly untraceable. It is just that you don't know which ones are not untraceable until after the fact (when an attacker uses this information against you).

I am not familiar with "micro dot" technology but I know that even using marked bills to track someone can be very difficult. If person A were to be given a marked bill they could easily give that bill to Person B who gives it to person C all the way up to person "x" and there would be little if any record/link to each of these transactions. It would be very plausible for person "x" to have a small amount of marked bills that are a small subset of all the bills in his possession and he would have no link to person A except for a legitimate business transaction with person "x-1" who would have no link to person A except for a legitimate business transaction with person "x-2" and so on.....

Best arguments so far Wink

And I don't think the future lies in the digitisation of every aspect of our lifes. I think people start to be sick of watching all day on computer displays. It's nice to actually "feel" the money instead of only mentally knowing that it exists.

People in the developed world will be increasing more to depend on technology. Integrating and interfacing directly with computer/robot is not too far off the future.