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this post was submitted on 18 Aug 2023
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Privacy
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Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
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I thought the government was tracking the serial numbers on larger bills that were dispensed through ATMs? I didn’t hear that from a reliable source, but it seems pretty simple from a number of transactions standpoint.
It wouldn't surprise me if they do. Lets say I get $100 bill out of the ATM, if the government wanted to track that bill. They would need to find that bill again and then try to back track the route the bill took to me. A very time intensive task and ultimately could lead to a dead end. After all how many people keep track of the serial numbers of your large bills?
Compare that to a card. Literally everything about it is tracked, it is all done automatically and can be acquired from the bank.