Well actually no. It is an aggressive method for getting at corruption. It came as a huge surprise, and loads of ppl are reacting. Sure it has some extra benefits that can prevent counterfeiting, but this is not what this is about. In India, almost all medium and small businesses use cash, and that is something the millions of government employees take advantage of. Now ppl hav until November 30th to exchange their cash, after that only one bank will exchange the money, and there is paperwork. So good news for BTC if at least some want to move their funds over to BTC from cash. So it is all about corruption and black marked money.