Read this carefully and try to understand the magnitude of its implications.
From Wikipedia:
"Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.[7]
Transactions are verified by network nodes (anyone running the bitcoin program) through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto[9] and released as open-source software in 2009.[10] Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies,[11] products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin."
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[–] a47y2b5598 ago
Just guessing here, but maybe bitcoin has value as a short-term lock box for cash someone is taking, or sending out of the country without the IRS knowing?
TSA won't find thousands of dollars hidden in a suitcase like they did with the Awan family if they had converted to bitcoin here, then converted it to Pakastani money when they arrived.