On 5/23/21 11:55 PM, Phillip Hallam-Baker wrote: > On Sun, May 23, 2021 at 10:41 PM Travis Biehn <[email protected] > <mailto:[email protected]>> wrote: > > "There is much more that could be said on the immorality of criminal > currencies but the verdict is clear: These are despicable instruments > being peddled by despicable, greedy people who cloak their immorality > with fine talk of 'freedom' and vicious personal attacks on anyone who > dares tell the truth." > > Buying marijuana was just one of the 'immoral criminal and despicable' > uses for 'criminal currency'. Soon we'll be able to use US dollars to > buy pot from Philip-Morris. > > > I didn't mention cannabis specifically, and given that it is legal most > places and not difficult to get most other places, that is clearly not > the bulk of what I was referring to when I said 'Not unless you want to > buy drugs, images of children being raped, collect ransomware extortion > or evade exchange controls' >
Actually, in the US, cannabis is legal in some states, but illegal federally. This means that cannabis businesses have difficulty getting bank accounts and can not engage in inter-state commerce. Rather than stockpiling physical cash, many of them have moved to cryptocurrencies for legitimate business practices. https://app.qwoted.com/opportunities/event-5th-semi-annual-crypto-cannabis-conference-2018 Many of the anti-crypto arguemnts also work against cash, and are why many countries (and the EU) try to limit the supply of large denomination currencies.
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