NRA-4-EVER t1_jed4p84 wrote on March 31, 2023 at 3:29 AM

Reply to comment by PhillyChapter9 in Lecture One | Currency Master Class 101: Fiat, Gold, Bitcoin, Stablecoin by DN-BBY

I'm not saying the cash is for that scenario. I was refuting the OP and their claim that no dominant currency is anonymous.

Like I said the end of the world currency is definitely bullets. Post WWI Germany, during the hyper inflation, many used bullets as currency. Just make sure you store the most common rounds.

SateliteDicPic t1_jed5x4m wrote on March 31, 2023 at 3:40 AM

You are correct that it is anonymous but only in small sums. You can’t make any large purchases like a house using cash and any transaction above $10k goes on record etc. So I would say cash imparts partial anonymity or it’s utility as an anonymous currency is limited.

NRA-4-EVER t1_jedaybe wrote on March 31, 2023 at 4:28 AM

Per to per transactions of any size are anonymous. There is no way to know where cash goes. The government has to wait for people to report income or register a car etc. This is why the FED wants to switch to a digital currency, so they can remove the anonymity.