Timeline for answer to Could a Black Market exist in a cashless society (digital currency)? by In Hoc Signo
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| when toggle format | what | by | license | comment | |
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| Jul 10, 2024 at 21:12 | comment | added | Duncan Drake | @o.m. If you want small change stick with barbers and nail technicians. The real money is in jobs as consultant. They sell smoke and get high figures. Did you notice how often people who held a public management position end up as consultants to private companies? They don't provide any value to the company but they served it well in the past... the same can be applied in the OP society. | |
| Jul 9, 2024 at 19:35 | comment | added | o.m. | @DuncanDrake, legal advice is much too likely to leave a paper trail, even if the profession of the cutout may be a shield. Start with barbers, nail technicians, anything where turnover is high and wages exceed material costs by a lot. | |
| Jul 9, 2024 at 18:38 | comment | added | Nosajimiki | Honestly, $1,009,000 takes no special explanation because commodity prices are not fixed. Many commodities fluctuate by as much as 10% from week to week; so, a 0.9% overpayment would not raise any questions. | |
| Jul 9, 2024 at 11:15 | comment | added | Duncan Drake | Slight improvement: the best way to disguise transaction is by providing services. While physical goods are more traceable a service is not. Also assessing it's value is harder and allows for a wider price coverage of activities. Someone could provide smuggled goods and be paid legally with recorded transactions for any kind of service a consultant agent does: "legal advice", "portfolio investment assessment", "statistical analysis and data reconfiguration"..... | |
| Jul 9, 2024 at 10:53 | history | edited | In Hoc Signo | CC BY-SA 4.0 |
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| Jul 9, 2024 at 9:51 | comment | added | VLAZ | "For example: "$200 for bottle of fine wine."" I've seen there is some restaurant which named their menu items after office supplies. So you can buy food and expense it to the company. For example, you get a receipt for "Basic Steel Staple" which is the name of a burger. | |
| Jul 9, 2024 at 1:07 | history | edited | In Hoc Signo | CC BY-SA 4.0 |
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| Jul 9, 2024 at 1:00 | history | edited | In Hoc Signo | CC BY-SA 4.0 |
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| Jul 9, 2024 at 0:40 | history | answered | In Hoc Signo | CC BY-SA 4.0 |