S94: Black Money

THE PURGE | MONEY SERIES | 19-OCTOBER-2024

This is Sirflex speaking, Your Host! GM everybody, I officially welcome you to today's space.

THE PURGE (EP 14)

Bitcoin Statistic Today MarketCap : $1.35tr Price : $68,203.07 Volume: $37.06B

as we read news, Comrades, share this space, retweet, and show reactions

NEWS

1. Elon Musk released many things

BLACK MONEY

Guys, what is black money, what does it mean when we say black money. someone said whenever she hear black it always means something negative. While we often hear the term used in political or economic contexts, it’s essential to understand its true impact and relevance, especially as we explore the ways technology, particularly blockchain and Web3, can reshape how we tackle issues like tax evasion, illicit wealth, and financial transparency. Whether you're new to the space or an expert, this discussion aims to unravel the layers behind the concept of black money, its economic implications, and how Web3 tools can combat it.

In today's series, I have one poll & one question for you.

Warm-Up Poll

In your experience, how easy is it to unknowingly get involved with a questionable crypto project?

1. Very easy, it’s hard to tell

2. Possible, but I do my research

3. Not likely, I only use trusted platforms

Questions of the week

Share your experience, have you ever used a crypto service and later wondered if it was fully good or it's bad?

Remember the rules

1. Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.

2. Today's series is sponsored by SIRFITECH,

Some key points to discuss today are

1. Understanding Black Money

2. How Web3, Blockchain facilitate Black Money and financial transparency

3. What are your chances of been safe in the Web3 space

Welcome to Breakfast w/ Blockchain

Welcome to Breakfast with Blockchain, Here, we talk about the world of Web3, explore groundbreaking innovations, discuss the impact on our environment, and keep up with the latest developments.

this Saturday and every other Saturday at 10 am, we gather here to chat.

Join us on our WhatsApp and X community for discussion and engage with us on our channel and let's grow together.

Let's get started!" 💡🚀 #BreakfastWithBlockchain

Shall we begin?

Session 1 - 10Mins

Understanding Black Money

1. how Black Money circulate outside legal economy

2. Various industries that facilitate black money

3. Impact on economies and society,

4. Black Money in digital economy

5. Legal Black Money: Debt

Session 2 - 10 Mins

How Web3, Blockchain facilitate Black Money and financial transparency

1. How blockchain technology can combat black money by ensuring transparent, immutable financial records.

2. Decentralized finance (DeFi) as a means to reduce money laundering.

3. The role of digital identities and decentralized identity verification in curbing illegal financial activities. This session will engage the audience on how emerging technologies are being used to promote fairness in the financial system.

Interlude - 5 Mins

1. Read comments and poll update,

2. ask few speakers questions about the question of the day

Session 3 - 10 Mins

What are your chances of been safe in the Web3 space

1. How governments are addressing the challenge of black money in both traditional and crypto markets.

2. The role of regulators in ensuring a balance between innovation and law enforcement in the Web3 space.

3. Potential future trends: Will black money become more difficult to hide in a blockchain-driven world? This part will spark a thought-provoking conversation about the balance between privacy, transparency, and regulation in a decentralized world.

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Comrade of the week

Jottings

1. Cash is now more

2. stay within decentralized exchange. - what happened to platform inconsistency

3. Agnus -

Conclusion

If you don’t believe me or don’t get it, I do not have the time to try to convince you, sorry! -Satoshi Nakamoto (July 2010) Price of bitcoin: $0.08