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A comment on Cryptocurrency Is a Giant Ponzi Scheme. Parent comment

Re:Cryptocurrency Is a Giant Ponzi Scheme by twelve40 on Sunday January 23, 2022 @01:07AM (#30044003)
I'm admittedly very uninformed when it comes to Argentina, but the point is that tracking down the entity that is paying cash for coins cannot be that difficult. Even the most inept governments in the world typically become very efficient when it comes to money.
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Re:Cryptocurrency Is a Giant Ponzi Scheme by jcburnham on Sunday January 23, 2022 @02:53AM (#30044425)
> tracking down the entity that is paying cash

Cash is what the illegal drug trade runs on, and governments are generally very bad at preventing that.

One interesting data-point about Argentina is that currently about 8% of all physical US dollar bills (About $130 billion) are in Argentina (https://www.forbes.com/sites/afontevecchia/2021/06/28/a-cryp...).

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