On: Senators seek crackdown on "Bitcoin" currency

[junklight]

next, money.

"I heard that this guy went to his dealer with some cash and walked away with some drugs leaving no paper trail whatsoever."

[_csoo → junklight]

They're already trying to limit how much cash you're legally allowed to carry without having to explain yourself to a police officer in some states.

You don't need to make cash illegal though, you just have to make the alternatives really really attractive.

[Symmetry → junklight]

I think you're joking, but in some jurisdictions having large amounts of cash may be considered grounds for seizing it by the police. Sometimes this leads to abuse: http://en.wikipedia.org/wiki/Tenaha,_Texas#Police_seizures_s...

[jonprins → junklight]

In The Sprawl trilogy, cash is almost never used for legitimate purchases. It's almost exclusively used for black/grey-market transactions.

[DrHankPym → junklight]

You might not be that far off. Electronic payments are becoming the standard. Banks love electronic payments.