@zekiz
True. They have their own benefits. Cryptocurrencies are also better if let’s say you want to get through an airport with lots of money. They can’t check what crypto you have and for sure Monero is superior to other cryptos if you wanna hide them. But still there is the theoretical risk of an unknown backdoor in the encryption of Monero transactions. It’s there permanently on the blockchain which is a downside because if any bug or backdoor is discovered later, then they can go back in time and reveal previous transactions. So physical cash will always be the best for the cases in which it can be used.
fake money for criminals is not even well suited to doing crimes.
@yogthos @bobs_guns indeed. criminals prefer physical cash rather than digital transactions which are traceable.
Someone hasn’t heard of Monero yet (although cash probably still is easier to launder but harder to hide)
@zekiz
True. They have their own benefits. Cryptocurrencies are also better if let’s say you want to get through an airport with lots of money. They can’t check what crypto you have and for sure Monero is superior to other cryptos if you wanna hide them. But still there is the theoretical risk of an unknown backdoor in the encryption of Monero transactions. It’s there permanently on the blockchain which is a downside because if any bug or backdoor is discovered later, then they can go back in time and reveal previous transactions. So physical cash will always be the best for the cases in which it can be used.