Could Bitcoin Become the Currency of System D?

Link Posted on 21/03/2012

Could Bitcoin Become the Currency of System D?

The unintended consequence of regulating or restricting decentralised crypto-currencies such as bitcoin is that their use as a currency will have been ‘recognised’ officially and that usage will be driven largely underground. … The OECD (Organisation for Economic Co-operation and Development) projects that, by the year 2020, fully two-thirds of the world’s workers will inhabit this shadow economy, or ‘System D.’ As Neuwirth elaborates, it refers to the entire untaxed, unlicensed, and unregulated cash-based economy… Americans too will need black markets to survive. System D represents the future.