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A comment on Regulating Crypto: How we move forward as an industry from here. Parent comment

Re:Regulating Crypto: How we move forward as an industry fro... by psychphysic on Wednesday December 21, 2022 @09:16AM (#34080977)
Not disagreeing but to many's surprise cash is more popular than ever.

Most of us no longer us bank notes, yet the amount in circulation climbs...[0] what's going on?

It actually probably acts like a buffer, with BOE spending the net on government assets while the notes vanish off to places we prefer not to think of

[0] https://www.bankofengland.co.uk/statistics/banknote

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Re:Regulating Crypto: How we move forward as an industry fro... by polygamous_bat on Wednesday December 21, 2022 @06:27PM (#34087758)
> Most of us no longer us bank notes, yet the amount in circulation climbs.

The plots you shared are meaningless if they are not normalized against the total money supply. I think if normalized by total amount of money in circulation the percentage would be shrinking and not growing.

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