4 ms·

lol, try and ban bitcoin

• thehappypm 5y ago
  Why would that be hard? It's used for tons of illegal activity (ransomware as an example).
  • satronaut 5y ago
    Only .4% of bitcoin transactions are used for illegal activities. It'd be hard because you'd have to find every single node and disconnect it from the internet, and something like 90% of Bitcoin nodes run over TOR
    • TomSwirly 5y ago
      > Only .4% of bitcoin transactions are used for illegal activities. And you know this... how? Did you know that 96% of statistics are made up on the spot?
      • satronaut 5y ago
        https://en.cryptonomist.ch/2021/01/20/chainalysis-crypto-illegal-purposes/ https://en.cryptonomist.ch/2021/01/20/chainalysis-crypto-ill... Here's a source if you're curious
        • thehappypm 5y ago
          Ah yes, cryptonomist.ch. Such a reliable, and unbiased source!
          • satronaut 5y ago
            do you have a metric for what is reliable and unbiased? Any time I see an article on Bitcoin or altcoins on a MSM page its factually incorrect and heavily biased. Also, can you provide an article showing that Bitcoin is used for "tons" (whatever percentage tons means) of illegal activity?
            • thehappypm 5y ago
              I think I’ll flip it around. Knowing that every major ransom ware attack in the last year has used Bitcoin, have there been any meaningful legal uses? Has anyone bought a pizza?
              • satronaut 5y ago
                Where's your source for that? Is there a metric to define a ransomware attack as "major", and a verifiable list to show the amount and means of payment? Bitcoin is used daily for remittance payments, which is huge since it's way cheaper than sending money through western mutual There's also Bitcoin Beach in El Salvador which is a bitcoin only circular economy Paxful provides a service for people to trade gift cards for Bitcoin
    • thehappypm 5y ago
      I'm sure the criminals are doing a great job of making sure that they look like they're in the 99.6%!