Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Cash is definitely not untraceable.

There are literally serial numbers on every bill printed in the United States.



Agree, explained in more detail here:

https://news.ycombinator.com/item?id=33234678


They said said the blockchain is "easier", not that cash is untraceable. It would require the participation of innumerable businesses to properly track cash; as it is, they function as a huge network of crypto tumblers.


You can trace when/how it was printed, but not who owned it.


You can't track all transactions done with cash, you probably can pick a bill from 10 years ago and locate the bank it originally came from but you can't know all transactions done with that bill.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: