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There is a different interpretation: Crypto enabled tax dodgers and black markets. It’s a use case I didn’t consider a decade ago.
by nobodyandproud 4y ago
There is a different interpretation: Crypto enabled tax dodgers and black markets.
It’s a use case I didn’t consider a decade ago.
- Ekaros 4y agoBlack markets are also interesting question. How high coin value you actually need for them to operate? Certainly not tens of thousand, probably a few hundred would still be enough. If crypto was token for exchange.
- nobodyandproud 4y agoI don’t know. If you’re exchanging weapons or illicit drugs (nation state) it can easily be millions. As a run-of-the-mill software engineer, its a world I only have a passing knowledge on.
- joecot 4y agoThere is also this, and it's one of the things that propped up Bitcoin at the beginning. A large chunk of the Chinese drug black market ran on bitcoin. In many ways the cryptocurrency boom was the 21st century's opium war.