Re:Paper Money Diehards Refuse to Fold
by red-iron-pine on Monday May 29, 2023 @04:25PM
(#36117697)
Your statement is true as long as it stays out of the bank.
A motorcycle is a bad example, too, because there are licensing and registration requirements.
Like I said, this is a spectrum.
It obviously could have gone through an intermediary, but it usually doesn't for honest transactions. If one of the two people is already a person of interest to law enforcement, a warrant can be called up to figure out exactly what happened. Added to other sources of information, like the new registry of the car or motorcycle, a pretty reliable history can be constructed.
Don't think in binary. Think in continuums of likelihood. Also, this isn't a new concept. It was covered by HBO's The Wire many years ago.
Not really? As far as they know I could have spent that $8000 on a used car from another guy who then used that same money to buy a motorcycle. It's untracked for all the time it's not in the bank's hands.