Re:Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
by lobocinza on Sunday September 22, 2024 @08:56AM
(#41616714)
Cash is superior to crypto for anonymity and most people have it, know how to use it and accept it. Bitcoin and the majority of other coins will leave a permanent trail which can be easily associated to the person due to KYC policies and onchain analysis firms. Sure there are privacy coins like Monero but they aren't trivial to acquire without KYC and to find someone that accepts it. So I'm happy that people still use cash despite not doing anything illegal (or immoral) and mostly making payments with card and instant payments.
And in northern Europe, pretty much nobody uses cash. In the rest of Europe, at least the places I've been, pretty much every store accepts card and often other digital payment methods.
I don't doubt your statistics, just stating my experience. I just think it's strange that people prefer cash for legitimate purchases. I definitely want cash to stay around, but these days we can use crypto for illegal stuff anyway do it's not really a big deal.