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I've made this exact point before as well. High on the wish list of any authoritarian/repressive regime would be a monetary system where all economic activity
by gricardo99 7y ago
I've made this exact point before as well. High on the wish list of any authoritarian/repressive regime would be a monetary system where all economic activity and transaction is visible to them.
- rolph 7y agothis is is why cashless, is a big issue. there was a submission here a bit ago regarding canadian banking systems wanting to go no cash, and mandate electronic purchase and payment. we have seen economic collapse and what it looks like. if physical banknotes are not available, we use cigarettes, vodka, and tampons. I think those things are fairly untraceable
- djmips 7y agoI recall that it was reported that Tide laundry detergent was being used as a currency for drug deals. http://nymag.com/news/features/tide-detergent-drugs-2013-1/ http://nymag.com/news/features/tide-detergent-drugs-2013-1/