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Some people don't like having everything they do tracked, just on principle. Also, drugs aren't the only black market trade.
by analog 14y ago
Some people don't like having everything they do tracked, just on principle.
Also, drugs aren't the only black market trade.
- Cushman 14y agoSure, but when there's an economic incentive to having things tracked most people put up with it. I'm not saying drugs are the only thing anyone would use bitcoin for, just the most likely thing for the average person to.
- analog 14y agoI think the cash economy is much larger than people just buying drugs. Estimates of the size of shadow economies are between 14% and 22% of GDP in the developed world. [1] I'm just guessing that's significantly larger than the drug trade. I disagree about the privacy issues as well, in some countries in Europe people still remember governments using records to round people up. [1] http://www.voxeu.org/article/shadow-economies-around-world-model-based-estimates http://www.voxeu.org/article/shadow-economies-around-world-m...