Re:The War on Cash
by recursive on Wednesday February 17, 2016 @11:46AM
(#11119120)
How are people going to buy drugs in the cashless future? I can't see it working.
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Re:The War on Cash
by dragonwriter on Wednesday February 17, 2016 @11:51AM
(#11119161)
> How are people going to buy drugs in the cashless future?
Barter (including exchange of services as well as goods).
Tide detergent: http://nymag.com/news/features/tide-detergent-drugs-2013-1/
Re:The War on Cash
by logfromblammo on Wednesday February 17, 2016 @01:06PM
(#11119839)
If the US$100 and US$50 are eliminated, the black market will switch to gold as its reserve currency, and operate as a de facto currency exchange for customers using other forms of payment.
Organized crime hawaladars will back a Bitcoin-like electronic transfer system, because actually moving around the physical gold too often is a pain in the ass, and exposes the shipments to additional risks.
Bitcoins? Dummy companies?
Re:The War on Cash
by duncan_bayne on Wednesday February 17, 2016 @02:07PM
(#11120336)
Want to buy my copy of Domain Driven Design? Only $175 to you, sir ;-)