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> It's just sad that people only see the bad use cases Yeah, when 95%+ of the actual things that people use crypto for are those things, it's hard not to. Can

by ncann 5y ago

> It's just sad that people only see the bad use cases Yeah, when 95%+ of the actual things that people use crypto for are those things, it's hard not to. Can you honestly say the "valid" uses for crypto take up more than 5% the total volume in any possible metric you can think of? It's always ransomware, extortion, blackmail, money laundering, drugs, you name it.

admiral33 5y ago
Do you have a source for '95%+'? https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/ https://www.forbes.com/sites/haileylennon/2021/01/19/the-fal... https://www.cnbc.com/2021/01/24/overall-bitcoin-related-crime-fell-last-year-but-one-type-of-crypto-hack-is-booming.html https://www.cnbc.com/2021/01/24/overall-bitcoin-related-crim...
UIGYUIUYG 5y ago
One I personally know of - https://cryptoslate.com/another-big-cardano-ada-deal-is-in-the-works-in-africa/ https://cryptoslate.com/another-big-cardano-ada-deal-is-in-t... There is many other cases for blockchain / crypto technologies far beyond the world of ransomware, extortion, blackmail, money laundering. > The country will implement a national, blockchain-based student and teacher ID and attainment recording system to digitally verify grades, remotely monitor school performance and boost education and employment nationwide. > IOHK’s Atala PRISM identity solution will enable authorities to create tamper-proof records of educational performance across 3,500 schools, 5 million students, and 750,000 teachers to pinpoint the locations and causes of educational under-achievement and allocate educational resources effectively. You've got Walmarts chinese subsidy investing in vechain for logistics: https://cointelegraph.com/news/walmart-china-subsidiary-teams-up-with-vechain-to-trace-food-products https://cointelegraph.com/news/walmart-china-subsidiary-team... These are just two off the top of my head, let alone all the partnerships in the works that we haven't heard about yet. There's big money getting into crypto whilst simultaniously lots of news and opinions regarding the fact it's used for nefarious acts.
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diamond559 5y ago
So you're just making up number because they sound right to you? In the future, if you do some simple googling before you join a conversation you'll sound less uninformed. https://www.newsweek.com/illegal-use-bitcoin-dropped-50-2020-citibank-reports-1573263 https://www.newsweek.com/illegal-use-bitcoin-dropped-50-2020...

by ncann 5y ago

admiral33 5y ago

Do you have a source for '95%+'? https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/ https://www.forbes.com/sites/haileylennon/2021/01/19/the-fal... https://www.cnbc.com/2021/01/24/overall-bitcoin-related-crime-fell-last-year-but-one-type-of-crypto-hack-is-booming.html https://www.cnbc.com/2021/01/24/overall-bitcoin-related-crim...

UIGYUIUYG 5y ago

One I personally know of - https://cryptoslate.com/another-big-cardano-ada-deal-is-in-the-works-in-africa/ https://cryptoslate.com/another-big-cardano-ada-deal-is-in-t... There is many other cases for blockchain / crypto technologies far beyond the world of ransomware, extortion, blackmail, money laundering. > The country will implement a national, blockchain-based student and teacher ID and attainment recording system to digitally verify grades, remotely monitor school performance and boost education and employment nationwide. > IOHK’s Atala PRISM identity solution will enable authorities to create tamper-proof records of educational performance across 3,500 schools, 5 million students, and 750,000 teachers to pinpoint the locations and causes of educational under-achievement and allocate educational resources effectively. You've got Walmarts chinese subsidy investing in vechain for logistics: https://cointelegraph.com/news/walmart-china-subsidiary-teams-up-with-vechain-to-trace-food-products https://cointelegraph.com/news/walmart-china-subsidiary-team... These are just two off the top of my head, let alone all the partnerships in the works that we haven't heard about yet. There's big money getting into crypto whilst simultaniously lots of news and opinions regarding the fact it's used for nefarious acts.

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diamond559 5y ago

So you're just making up number because they sound right to you? In the future, if you do some simple googling before you join a conversation you'll sound less uninformed. https://www.newsweek.com/illegal-use-bitcoin-dropped-50-2020-citibank-reports-1573263 https://www.newsweek.com/illegal-use-bitcoin-dropped-50-2020...