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Why we shred 1 million in cash every hour (clearnet) Federal Reserve Allocating Cash for shredding (clearnet) Banknote Management (clearnet) Banknote Recycling (clearnet) We Acquire Cash before its Shredded The “CASH GOD” team has “access” to an almost limitless supply of cash that is marked for disposal. We Have a Small Problem We are only able to siphon small amounts of cash at a time to avoid detection.
We Acquire Cash before Its Shredded: The >Buy Real Money< team has >access< to an almost limitless supply of cash that is marked for disposal. We Have a Problem: We are only able to siphon small amounts of cash at a time to avoid detection.
Sarang Noether released a popular blog post explaining the nuances of supply auditability . This explains the specific risks associated with select tradeoffs. Riccardo “fluffypony” Spagni later also spoke on this topic, further diving into the damages that even a detectable inflation bug would have on Bitcoin if it occurred today.