News for hackers. Stuff that matters.
Re:German banks are hoarding so many euros they need more va... by VBprogrammer on Monday February 03, 2020 @12:21PM (#22226334)
You tend to run into the problem that forging large notes has a much greater return on investment. People get nervous about accepting them. In the UK this definitely kicks in around the £50 mark.
Re:German banks are hoarding so many euros they need more va... by tinus_hn on Monday February 03, 2020 @03:39PM (#22228753)
The most forged notes are the smaller ones because everyone checks the large notes. You can just hand people a photocopy of a €20 euro bill with a hologram sticker and if it’s in a dark bar you’ll probably get to keep the change.
Re:German banks are hoarding so many euros they need more va... by Mirioron on Monday February 03, 2020 @04:20PM (#22229249)
Don't they run all the notes through the checker?
Re:German banks are hoarding so many euros they need more va... by tinus_hn on Monday February 03, 2020 @05:49PM (#22230234)
No, that takes way too much time. If you check using a UV light you’ll notice most simple forgeries but I guess most people just don’t expect small bills to be forged.
Re:German banks are hoarding so many euros they need more va... by Mirioron on Tuesday February 04, 2020 @08:40AM (#22235362)
Does it? Every time somebody pays in cash in a store here they run each bill through a machine that, I'm pretty sure, checks the authenticity of the bill.
Re:German banks are hoarding so many euros they need more va... by tinus_hn on Wednesday February 05, 2020 @05:52AM (#22245693)
A store is not a bar. Stores typically have less transactions but these transactions involve more money, so you can afford more time.
Re:German banks are hoarding so many euros they need more va... by eigenvector on Monday February 03, 2020 @04:46PM (#22229540)
Signs stating "$100 notes not accepted" used to be seen in many shops Canada about 15-20 years ago, when cash was much more commonly used. Since the switchover to polymer bank notes around 2011, counterfeiting has become almost non-existent but cash payments in general are much less common too.
Re:German banks are hoarding so many euros they need more va... by CapricornNoble on Tuesday February 04, 2020 @11:50AM (#22237778)
I love how Japan is a cash economy. It's normal to walk around with 2-5 $100-equivalent bills (the 10,000 Yen note) as pocket change for a week or so.

Paid $22,000 in Y10,000 notes for a private event once. The staff didn't even bat an eye.

Re:German banks are hoarding so many euros they need more va... by raverbashing on Monday February 03, 2020 @04:30PM (#22229365)
There's no denomination larger than £50 in England, right? Scotland and NI have £100 which probably adds to the confusion.
Re:German banks are hoarding so many euros they need more va... by timthorn on Monday February 03, 2020 @04:56PM (#22229659)
In general circulation, that's right - but the Bank of England does have £100,000,000 notes: https://www.bbc.co.uk/news/magazine-21145103
Re:German banks are hoarding so many euros they need more va... by SilasX on Monday February 03, 2020 @12:25PM (#22226387)
Heh, yep, like to joke that $100 feels like a lot of money whenever you try to spend a $100 bill. I can barely fathom what it's like trying to pass a 500 EUR note.
Re:German banks are hoarding so many euros they need more va... by njarboe on Monday February 03, 2020 @12:49PM (#22226753)
If you spend time in casinos, $100 notes flow around like water.
Re:German banks are hoarding so many euros they need more va... by Iwan-Zotow on Monday February 03, 2020 @04:20PM (#22229256)
Bugsy Siegel look at this with the note of approval
Re:German banks are hoarding so many euros they need more va... by vkou on Monday February 03, 2020 @02:05PM (#22227692)
Casinos are also a hotbed of money laundering.