A funny mini drama currently at the house: a family friend withdraws money from a Bank of America ATM machine, and much to her dismay discovers that one of the $100 bills which was dispensed was a counterfeit $100 bill. How did she find this out? It is when she tried to deposit the hundred dollar bill at the bank, the bank did not accept it.
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I did my personal due diligence, and closely inspected the $100 bill, seeing if I could spot it being a counterfeit. Superficially, I kind of had a gut feeling that it was a counterfeit. Why? Although the paper felt pretty real, the color of the green ink seemed a bit off. The green color was too bright, too cartoony. Also when I inspected the printed text closer, the text didn’t seem sharp enough.
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And this is the thought that came to my mind:
You cannot fake or counterfeit cryptocurrency. This would have never happened if it were crypto.
How much money do governments, economies, and individuals lose from counterfeiting?
It seems like a lot. And therefore, if governments and individuals use more cryptocurrency‘s instead of printed paper money cash, you would squash out counterfeiting.
Money as trust?
![Bitcoin ERIC KIM money camera cryptocurrency](https://i0.wp.com/erickimphotography.com/blog/wp-content/uploads/2020/06/ERIC-KIM-money-00002.jpg?resize=1383%2C952&ssl=1)
I’ve been wondered, what can we do with this counterfeit $100 bill. Superficially, it looks very real. If you gave somebody $500 in cash, and one of the hundred dollar bills was the counterfeit one, most people probably couldn’t tell. Then I started to wonder, the only reason we don’t give people counterfeit money when we know it is counterfeit, is because of ethics and a sense of trust, and mutual respect.
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CRYPTO THOUGHTS
![dual camera bitcoin photography eric kim](https://i0.wp.com/erickimphotography.com/blog/wp-content/uploads/2021/02/dual-camera-bitcoin-photography-eric-kim.jpeg?resize=1668%2C595&ssl=1)
Brave new world for photographers and crypto:
- Why I Bought More Bitcoin (Again)
- How I Made Money with Crypto
- Better to buy Dogecoin then buy a Tesla
- NO LIMITS.
- ALL DIGITAL FUTURE.
- Digital over Physical Possessions
- DIGIBYTE.
- CHAINLINK.
- The Excitement of Starting from Zero
- HAPTIC INDUSTRIES NOW ACCEPTING CRYPTO AND BITCOIN
- In Praise of Crypto
- JUST BUY IT.
- Why I’m So Bullish on Bitcoin
- Bitcoin as the Simplest Cryptocurrency
- Why I bought (more) bitcoin
- Once You Become a Crypto Billionaire, Then What?
- Why Crypto is Under-Hyped
- The Joy of Speculation
- BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS
- Why I Bought Bitcoin
- Crypto Photography
- Crypto Thoughts
- On Making Money from Nothing