Money is the universal way to exchange goods or services. Yes, you may be getting paid for your tax-doging renovation in gold, bitcoin or artworks. You may accept Monero or Roblox gift cards as a payment for drugs. And you might find other people who will accept Roblox gift cards, but that doesn’t scale.
But then you have 10.000€+ in Bitcoin or gold and need to exchange it into real money in order to use it. Your local supermarket will not accept gold. You may be able to buy a house with Bitcoin, but the seller also needs to launder this money into something usable.
The neat thing here is that this might work for some small drug dealer or some craftsman doing a few things off the book. But if you’re doing a lager scale operation, that will get harder
Money is the universal way to exchange goods or services. Yes, you may be getting paid for your tax-doging renovation in gold, bitcoin or artworks. You may accept Monero or Roblox gift cards as a payment for drugs. And you might find other people who will accept Roblox gift cards, but that doesn’t scale.
But then you have 10.000€+ in Bitcoin or gold and need to exchange it into real money in order to use it. Your local supermarket will not accept gold. You may be able to buy a house with Bitcoin, but the seller also needs to launder this money into something usable.
The neat thing here is that this might work for some small drug dealer or some craftsman doing a few things off the book. But if you’re doing a lager scale operation, that will get harder