Message from @xorgy

Discord ID: 531226944499351553


2019-01-05 21:43:33 UTC  

Banks own it

2019-01-05 21:43:45 UTC  

You just use it

2019-01-05 21:43:45 UTC  

in the U.S. the federal reserve owns the note

2019-01-05 21:43:48 UTC  

but you own the money

2019-01-05 21:44:00 UTC  

Not if it's in a bank account

2019-01-05 21:44:12 UTC  

sure, but I'm talking about cash here

2019-01-05 21:44:13 UTC  

Once you transfer it to a bank, it's theirs

2019-01-05 21:44:18 UTC  

My confidence is high in the stable electric grid, (i helped built it) last power outage was in 1998 and only affected the capital area for 4 hours

2019-01-05 21:44:36 UTC  

Cash doesn't need laundering

2019-01-05 21:44:43 UTC  

lol yes it does

2019-01-05 21:44:47 UTC  

it's all serialed

2019-01-05 21:44:56 UTC  

at least, these days it is

2019-01-05 21:45:08 UTC  

It's impossible to trace

2019-01-05 21:45:14 UTC  

beyond that, a lot of it is marked with dyes or other chemicals

2019-01-05 21:45:22 UTC  

which are used to trace it in addition to the serials

2019-01-05 21:45:27 UTC  

That's why you use old notes

2019-01-05 21:45:33 UTC  

If you are doing something like that

2019-01-05 21:45:41 UTC  

they don't survive that long

2019-01-05 21:45:43 UTC  

it has recently become more important with crypto
i think blockchain.info implements automatic money laundering mechanisms for economic privacy

2019-01-05 21:46:04 UTC  

Old notes get hoarded

2019-01-05 21:46:15 UTC  

Thats why they are disappearing

2019-01-05 21:46:29 UTC  

there really is not much printed currency from before the mid 1930s

2019-01-05 21:46:29 UTC  

I wonder how it's in Russia/China ? does mastercard also have power there ?

2019-01-05 21:47:18 UTC  

The only way you can trace money is from Bank to bank

2019-01-05 21:47:30 UTC  

in fact, the serials predate the federal reserve

2019-01-05 21:47:30 UTC  

Normal stores don't examine that

2019-01-05 21:47:39 UTC  

sure, but you can investigate from that

2019-01-05 21:47:45 UTC  

money goes to banks pretty quickly

2019-01-05 21:47:49 UTC  

dude

2019-01-05 21:47:52 UTC  

You can't determine who used it though

2019-01-05 21:47:57 UTC  

like seriously people do this for a living

2019-01-05 21:48:01 UTC  

I'm aware

2019-01-05 21:48:04 UTC  

they regularly track cash transactions

2019-01-05 21:48:09 UTC  

it is an absolute everyday occurrence

2019-01-05 21:49:13 UTC  

Most people who use money like that know to avoid using it in a way that will allow it to be reported

2019-01-05 21:49:24 UTC  

If they don't, they're stupid

2019-01-05 21:49:32 UTC  

that's called money laundering

2019-01-05 21:49:46 UTC  

splinter it into 1000 pieces and scatter it into the winds

2019-01-05 21:49:53 UTC  

that's called destruction

2019-01-05 21:50:18 UTC  

is that a jfk quote about the cia?