The liquidity of money permits scams on an extremely large scale. Once your money us taken from you, it could be anywhere, with very little hope of tracking it or getting it back.
Is this feature worth it? Probably, but consider an alternative in which people deliberately, voluntarily keep their money in a heterogenous collection of less liquid forms in order to protect themselves from scams.
Can we programmatically create less liquid money in the style of Bitcoin?
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