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This is for 6 months so averages out to $8bn PA. Which seems to be the same order of magnitude to a days bitcoin turnover. So over a year you'd expect to lose o

This is for 6 months so averages out to $8bn PA. Which seems to be the same order of magnitude to a days bitcoin turnover. So over a year you'd expect to lose one days worth of transactions, ish. (I'm not sure if turnover is a particularly good measure here for what's likely to be stolen) I wonder what the equivalent is for established currencies? I'd expect it to be lower, I'd also expect to have more options regarding recovering the money.

perl4ever 7y ago
According to a random article I found[1], global credit/debit/prepaid card volume was about $31 trillion in 2015, and nearly 0.07% was fraudulent or about $22 billion. So that seems to be about 1/4th of the rate you state. However, I'd question whether the "bitcoin turnover" is an apples-to-apples comparison. Is most of the daily volume comprised of transactions to purchase things other than crypto? I would assume that very little of it is. [1]https://www.forbes.com/sites/rogeraitken/2016/10/26/us-card-fraud-losses-could-exceed-12bn-by-2020/#208cff71d243 https://www.forbes.com/sites/rogeraitken/2016/10/26/us-card-...