Why would drug cartels prefer this over existing cash?
I'm phrasing the question facetiously but the underlying intent is there: how is there more anonymity, usability, etc.?
I'm phrasing the question facetiously but the underlying intent is there: how is there more anonymity, usability, etc.?
What is a lovely property of Kong is the only digital breadcrumb is leaves is when notes are loaded at creation and unloaded at de-circulation. Every person to person transaction of the instrument leaves no digital record or footprint. Usability is superior for new users - everyone understands how cash works.
That's true of cash as well, but that doesn't mean it's totally untraceable, as bills still have serial numbers. I think what GP is getting at is, Kong notes must completely lack any sort of persistent unique identifier in order to be an improvement over cash in anonymity. Can Kong make this claim?
What problem does that solve for me though? What benefit does that afford me? Why does that matter to me?