Dark economy: Inside the $76 billion mystery of Australia's missing 'Melbas'

Dark economy: Inside the $76 billion mystery of Australia's missing 'Melbas' | LinkedIn

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"In Australia, the note of choice for hoarding and bulk cash smuggling is the A$100 note, known affectionately as ‘the Melba’ (the note features the face of operatic legend Dame Nellie Melba).

In Australia, there is A$76 billion in near-indestructible polymer banknotes in circulation. That equates to around A$3,000 for every man, woman and child in the country. This raises the question: where are Australia’s missing ‘Melbas’?"

From "Dark economy: Inside the $76 billion mystery of Australia's missing 'Melbas' | LinkedIn".

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Websec Canada: Launching replay attacks against the Wells Fargo Wallet service

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There is no excuse for not taking cards

So we went to the pub. For lunch. Seven of us. Say £20 per head. £100+ quid. Say £50 quid gross for the pub. Colleague goes to order food and drinks and pay at the bar. Apologetic barmaid comes over to explain that their “card machine” is down, so she can only accept cash. Under normal circumstances I would have simply walked out, feeling it wholly inappropriate to reward such a poorly managed establishment and, as a functioning actor in a capitalist economy, done my duty to depress their lunchtime takings. Here’s what we wanted to say: This is absurd. This is 2016 not 1916. Your card machine is down? Well, so what! Are you seriously telling me that mein host has no mobile phone number capable of registering for PingIt or PayM? That none of the staff or the pub itself have a PayPal account that I can send the money to? That neither the owners nor managers not contingency planners thought to tuck an iZettle behind the bar to use when the clunky and expensive GPRS terminal fails for o...

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