re: #420 wheat-dogg, raker of forests, master of steam

Wall Street is investing into Bitcoin and Ethereum pretty heavily. Organized crime still prefers cash, because most cryptos are not anonymous and can be traced to the source. That’s how the FBI busted the Silk Road illicit market site. And the Russians use shell companies.

As for currency, only about 30% of US dollars exist in physical form. The other 70% is stored as numbers in computers.

Currency backed by the power of the government has more credibility then “currency” backed by a bunch of dudebros.