Bitcoin...

[PDQ Mobile]

There are always reports of online banks being robbed and I wonder if counterfeiters still find it worthwhile to make false notes and coins?

That's a very interesting question.

I have no idea, but it reminded me of how high-value banknotes enable crime, and why at least one is being withdrawn:
http://news.bbc.co.uk/1/hi/8678979.stm
https://en.wikipedia.org/wiki/500_euro_note

And the Hollywood trope of the money (or gold) in a suitcase, and all of us trying to work out if the calculation was accurate... : - )

Jonathan

Why do high value notes enable crime more than low ones?
I think it something of a myth.

For example if I tender a £50 (a mere tankful of fuel these days) note the cashier will nearly always scrutinise it really throughly. Even call a supervisor!!

Whereas a tenner or, an oh so common, £20 will mostly go straight in.

[Jdsk]

There are always reports of online banks being robbed and I wonder if counterfeiters still find it worthwhile to make false notes and coins?

I have no idea, but it reminded me of how high-value banknotes enable crime, and why at least one is being withdrawn:
http://news.bbc.co.uk/1/hi/8678979.stm
https://en.wikipedia.org/wiki/500_euro_note

Why do high value notes enable crime more than low ones?
I think it something of a myth.

For example if I tender a £50 (a mere tankful of fuel these days) note the cashier will nearly always scrutinise it really throughly. Even call a supervisor!!

Whereas a tenner or, an oh so common, £20 will mostly go straight in.

Have you had a chance to read the linked articles? The problem with high-value notes is in money laundering and organised crime, not at the consumer retail transaction.

Jonathan

[PDQ Mobile]

^^
But the same principle applies.
High value will be scrutinised more than low.

So the cereal packet example really doesn't stand up to real testing. You just need two cereal packets!

And in my world far more fraud and theft are committed using digital currencies and money transfers.

I mean those big value notes are all numbered and they have to be acquired somewhere.
In your example the people concerned were caught!!

Much digital fraud and many scams succeed.

Indeed Bitcoin itself has more losers than winners IMV.