The Future of the Underground Economy

Look ahead into the murky world of forecasting and put together a
report on what the future of the underground economy may look like in
10 – 20 years’ time. You may want to focus on one or two areas of
criminal activity. This should not be based on science fiction but
emerging trends that form a basis for your hypotheses.
Your response to this should factor in developments in technology,
society and culture, politics, and the legal system. Consideration of
economic incentives is also important.
5. Alternative Digital Currencies ( Bitcoin, Litecoin and others)
Alternative digital currencies represent a major innovation in the
evolution of money. While not actually legal tender they are growing
rapidly in popularity and usage. The main benefits of Bitcoin and others
relate to their protection of user anonymity, minimal transaction fees,
and their independence from both government control and the banking
system. These alternative currencies have been very controversial due
to their use as a preferred method of payment in the underground and
black market economy. Your paper should evaluate the future potential
these currencies becoming mainstream money. The report should
address both the opportunities and challenges facing these currencies
and the implications regarding their potential impact on societyincluding the economy, government, the banking system, as well as the
regulatory environment ( eg. law enforcement and policy issues).
The research paper will be graded based on:
– the breadth of research done and insights uncovered
– the level of understanding of the subject material
– how well material is related to concepts covered in the course,
– the logic and organization of the report
– ability to focus on the issue within 4-5 pages
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