Re:Ottawa Bitcoin exchange defrauded of $100,000 in cyber cu...
by mikeash on Tuesday March 18, 2014 @12:06PM
(#7422720)
In the first world, yes, but this is common in countries with a less developed financial system.
In China, for example, bank transfers aren't great and it's pretty common to buy things like cars with cash. It's especially crazy in China since the largest banknote there is 100RMB, roughly equivalent to 16USD, but cars cost about twice as much as they cost in the US, so it requires a lot of cash.
In China, for example, bank transfers aren't great and it's pretty common to buy things like cars with cash. It's especially crazy in China since the largest banknote there is 100RMB, roughly equivalent to 16USD, but cars cost about twice as much as they cost in the US, so it requires a lot of cash.