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Why is this getting downvoted?
by sddfd 9y ago
Why is this getting downvoted?
- pmlnr 9y agoGood question. I'd say because people want to believe it's not.
- csomar 9y agoUnproven statement. I could have written it also and replaced bitcoin with cash. Bitcoin probably handles much less than 1% of the world-wide money laundering business at its current market cap.
- deleted 9y ago[deleted]
- deleted 9y ago[deleted]
- mamon 9y agoYou got it backwards: it is not about what percent of money laundering is done with Bitcoin, it is about what percent of Bitcoin is used for money laundering. I've just posted link (few comments above) about $4B laundering scheme discovered, that's 9% of global Bitcoin market cap (currently $46B). And you can assume that this Russian arrested wasn't the only one doing it, so actual proportion is probably bigger.
- csomar 9y agoYou'll probably need to research backed-up numbers to confirm that. Yes, I do believe the same too (most bitcoin activity is used for illicit activity) but we don't really have the numbers yet and I am not sure if it is possible to do it.
- bognition 9y agoBecause it's a blanket statement that demonstrates the commenters failure to understand what Bitcoin actually is. Sure its used for those things but that isn't it's first and foremost use.
- bhaak 9y agoEven if Bitcoin's first and foremost use were money laundering, it is not very well suited for that with its public ledger. Anybody who needed proof for that just got it with the btc-e founder case.