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The only way to eliminate drugs is to switch to the digital peso...
Let's ignore the fact that Mexico is poor. They got technology. Guns are illegal in Mexico and they got guns, I rest my case.
Imagine a card that you could get at any bank which holds a physical record of your money. A backup would be kept as a record at all banks. There's no Bitcoin shit happening, it's just a credit card subsidized and maintained by the government. If you make money, it goes into it, if you spend money it goes out. Pretty simple. Eliminate the peso coins and physical money, it that will eliminate the cartels. The government would know who hasn't paid taxes, and they would take taxes automatically. The cards can never go negative so you won't have a US-like credit issue, you'll just run out of money.
Out in the wild, there's internet via musk web satellites.
If the government has all the accounts, they can just rank them by size and location and investigate anyone quickly who might be getting paid illegally. Then the only way to get drug money would be thru money laundering. So that's where investigators would quickly figure out who's got money to buy a house and who just bought 10 houses without any money.
It could be interesting.
You do know the cartels mostly deal in USD?
In order to deal in pesos they would import their USD from the US, then convert it into pesos?
That makes no sense.
I don't know the cartels personally like that lol.
Sounds like a tech bro solution for a problem that's not technological.
Sure but I lived through "El Nuevo peso" era. It happened just like that. Today you got 500pesos, tomorrow your 500 peso coin is still valid but everything is divided by 10. So the government sent out ads on the radio and TV for months about the change. And you could also go to the bank to exchange old money for new money etc. the campaign was simple and it worked.. well it worked to the end goal of changing needlessly to a new set of coins. But I mean it didn't really do much more. With this idea I'm proposing, which is probably not at all new, they can identify where money is going and where it's coming from.
They would simply set up their own currency.
Or just use Bitcoin.
Unlikely
Why not? Bitcoin is used a lot as an international storage of wealth.
Volatility, traceability and high TX fees come to mind. Also, who accepts Bitcoin?
What year is this comment from?
The miss that sells me tacos in the corner does not accept it yo, only cash :(
If you do a Yelp search and check "accepts cryptocurrency", then you should be able to find a taco dealer who does.
FWIW, drug dealers have been accepting bitcoin online since 2011.
Yelp? Nobody uses that here haha, only Facebook, Whatsapp and Google maps.