5 ms·

I meant physical cash in large quantities.

• TheSpiceIsLife 9y ago
  Oh right. I believe this is commonly referred to as organised crime.
  • saganus 9y ago
    Is it organised crime having piles of cash from otherwise legal activity? Let's assume there is no federal vs state legality issues and instead it's just "legal". If selling X product generates large quantities of cash, is that organised crime? I would think not, but then again I'm not a lawyer so I could be wrong. If I am wrong then yeah, the idea is definitely not sound.
    • TheSpiceIsLife 9y ago
      If the activity is wholly legal then there isn't a problem looking for a solution: existing cash handling services will gladly do business with you. Taking in large sums of cash and swapping it over for some cryptocurrency or another is bound to attract at least a few people who have need to launder cash. Thus, the service is likely to run afoul of Know Your Customer regulations etc etc. As others have pointed out elsewhere in the comments, we ought, in my opinion, fully legalise and regulate the industry.
    • dragonwriter 9y ago
      > Is it organised crime having piles of cash from otherwise legal activity? Selling marijuana in the United States is not a legal activity. It's a federally prohibited activity that if you are really successful at it (simply by amount of money made) can be charged as a felony with a mandatory life sentence (in the no-parole federal system, where a life sentence actually means life.)
• nasredin 9y ago
  All this marijuana to crypto currency stuff is great in theory. But at some point, you, the skinny geek with your bags of cash and bitcoins is gonna run into people who have already solved this problem and have been doing it for the past 40+ years. The drug cartels. Probably gonna be some conflict there.