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How will electronic currency affect the money supply, taxes, illicit activity?

There is already a casino on the Internet, as well as some pornography. It is claimed that various hate groups have used email and bulletin boards for correspondence. Private electronic cash transactions on public networks are likely to facilitate tax evasion and illegal transactions (such as narcotics). No one knows how the introduction of electronic cash will affect macroeconomic variables.



Jeffrey K. MacKie-Mason
Tue Jul 11 10:21:32 EDT 1995