Hacker News Reader

Just a reminder: you don’t need satoshi to spend your money wherever you want. You can just withdraw it from your bank as cash first.

Just think this freedom has existed for thousands of years without the need to burn up the planet with meaningless computations as a prerequisite.

View on HN

In Australia they have moved to BSB cash transactions over $10K, with a stated goal of becoming a cashless society. I wouldn't be so sure this will always be an option.

Since when can you withdraw cash and then spend it online? You can't. That is what Bitcoin solved.

It didn't solve it. We could have anonymous payment intermediaries today if we wanted. We don't want them because of the massive amounts of money that would be laundered through them.

Reply on news.ycombinator.com