Cash payment limit of $10000AUD is proposed in Australia. $10000AUD weighs fuckall.

https://treasury.gov.au/policy-topics/economy/black-economy/...

I could also easily carry more than $10k across a border. It's illegal without reporting it (exact number varies). But that's one type of payment.

I've carried $2k USD in just $20s in my pocket across international borders, and had it been in $100s that would be the limit. But if I want to transfer even one million dollars that 100 trips. Or 100 pockets if I ignore the law. I own cargo pants, but even they don't have 100 pockets. And a billion? That's a thousand people each with a hundred pockets full of cash.

What I was saying is that mere logistics makes it hard to move a billion in cash.

So there's a natural prevention of moving large amounts of cash. It's not impossible, but "making it hard" was done on purpose. So cryptocurrencies are not "clever" for "fixing a problem". They're actually removing the amelioration to the problem.

The commissioner of the SEC doesn't find it all that ridiculous. She just commented on it yesterday actually.

[1] https://youtu.be/KfvMX8sJEy4?t=525

I don't see her disagreeing with what I said.

She noted that in general you target the criminal activity itself, not the currency used to fund it. But then she further noted that cash was just as big of a problem for them and harder for them to deal with. She said that crypto had the advantage that it at least left a trail, unlike cash. No one said criminal activity is easy. But it's not fair for you to conclude that therefore it's ridiculous because using cash is hard.

So she says cash is different, and agrees with me?