3 ms·
I wonder to what degree this is related to the prevalence of organized crime (Bitcoin being a 'currency' of the black market).
by GranularRecipe 5y ago
I wonder to what degree this is related to the prevalence of organized crime (Bitcoin being a 'currency' of the black market).
- lui8906 5y agoWhen will this myth die. Do you have any evidence of this? See below a report from a firm whose task is to find bad behavior on the blockchain. Key points: - 0.34% of tx in 2020 were illicit - Of that 0.34% it is almost all scams and darknet market tx In 2021, the large darknet markets either only accept Monero or accept BTC and Monero. Large ransomware gangs like DarkSide prefer Monero (they offer discounts for it). It's reasonable to assume that the percentage of BTC tx that are illicit are even lower as Monero assumes more of the activity. BTC is not a 'currency' of the black markets. - https://blog.chainalysis.com/reports/2021-crypto-crime-report-intro-ransomware-scams-darknet-markets https://blog.chainalysis.com/reports/2021-crypto-crime-repor...
- danlugo92 5y agoDrug dealers making $2k a month benefit from bitcoin. Drug dealers making $1m a month can go directly to the bank and have it laundered haven't you read the news?