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would hate to see the death of cash. it would pretty much mean the entire black market would have nowhere to go. meaning a lot of people would be without an inc
by timwaagh 11y ago
would hate to see the death of cash. it would pretty much mean the entire black market would have nowhere to go. meaning a lot of people would be without an income. of course governments want this, but should they? http://freakonomics.com/2011/11/01/the-black-market-is-the-second-largest-economy-in-the-world/ http://freakonomics.com/2011/11/01/the-black-market-is-the-s...
- alanwatts 11y agoBitcoin.
- lowpro 11y agoMaybe some of the more classic black markets, but the newer ones that use Bitcoin and are online are the way of the future anyway. I have a feeling many of the larger BM organizations would be fine if cash was eliminated today. I see this mainly hurting consumers and citizens.
- jrs235 11y agoBlack Markets will find another exchange medium (they already exist) such as laundry detergent. http://nymag.com/news/features/tide-detergent-drugs-2013-1/ http://nymag.com/news/features/tide-detergent-drugs-2013-1/ Edit: Article more in line with current discussion: https://www.aei.org/publication/markets-in-everything-tide-laundry-soap-as-street-currency/ https://www.aei.org/publication/markets-in-everything-tide-l...