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Thought about that, then realized that we (as in most of us) hardly use cash anymore and cash would also require an in-person exchange. It seems that crypto (by

Thought about that, then realized that we (as in most of us) hardly use cash anymore and cash would also require an in-person exchange. It seems that crypto (by accident, not design) fixes most problems faced by criminal activities

unclebucknasty 5y ago
>It seems that crypto (by accident, not design) fixes most problems faced by criminal activities Why do you assume it's by accident, especially given that it's so perfectly tailored for the use case?
- rocqua 5y ago
  I presume because it is clear what community bitcoin came from (the cipherpunks). It is obvious that this community would want bitcoin, and it is not a criminal community. Besides, bitcoin isn't tailored perfectly. And the coins that are tailored better mostly seem to have libertarians and people who enjoy the tech building them.
  - unclebucknasty 5y ago
    >it is clear what community bitcoin came from (the cipherpunks). Is it really? >Besides, bitcoin isn't tailored perfectly Well, I said crypto. But BTC has obviously been a preferred currency.
- debrice 5y ago
  One could wonder indeed
- petre 5y ago
  You'd think? Then why have the US authorities traced crypto to the second individual arrested if it somehow magically fixes criminals' problems?
  - unclebucknasty 5y ago
    >if it somehow magically fixes criminals' problems No claims of magic, but crypto is undeniably well-suited for and utilized by criminals. >why have the US authorities traced crypto to the second individual BTC alone did $45B in transaction volume over the last 24 hours. That's a pace of $16.4T over a year. These two arrests, while encouraging, are nothing in comparison.
    - petre 5y ago
      > No claims of magic, but crypto is undeniably well-suited for and utilized by criminals. All right, but not all crypto is used or crime, in fact most of this volume is used for speculation, hoarding and to circumvent capital controls (getting one's dough out of China). The thing is that most of it is traceable. Me and my colleagues have witnessed the CEO of a company in a neighbouring office being arrested and extradited to the US on charges of money laudring and fraud using crypto assets (BTC and ETH specifically). So the arrest/indictment of these two doesn't come as a surprise, it was bound to happen as soon as they got caught or stepped out of Russia.
Supermancho 5y ago
Crypto, diamonds, rare goods, it's all relatively easy to move large amounts of value rather than physical currency.

unclebucknasty 5y ago

>It seems that crypto (by accident, not design) fixes most problems faced by criminal activities Why do you assume it's by accident, especially given that it's so perfectly tailored for the use case?

rocqua 5y ago
I presume because it is clear what community bitcoin came from (the cipherpunks). It is obvious that this community would want bitcoin, and it is not a criminal community. Besides, bitcoin isn't tailored perfectly. And the coins that are tailored better mostly seem to have libertarians and people who enjoy the tech building them.
- unclebucknasty 5y ago
  >it is clear what community bitcoin came from (the cipherpunks). Is it really? >Besides, bitcoin isn't tailored perfectly Well, I said crypto. But BTC has obviously been a preferred currency.
debrice 5y ago
One could wonder indeed
petre 5y ago
You'd think? Then why have the US authorities traced crypto to the second individual arrested if it somehow magically fixes criminals' problems?
- unclebucknasty 5y ago
  >if it somehow magically fixes criminals' problems No claims of magic, but crypto is undeniably well-suited for and utilized by criminals. >why have the US authorities traced crypto to the second individual BTC alone did $45B in transaction volume over the last 24 hours. That's a pace of $16.4T over a year. These two arrests, while encouraging, are nothing in comparison.
  - petre 5y ago
    > No claims of magic, but crypto is undeniably well-suited for and utilized by criminals. All right, but not all crypto is used or crime, in fact most of this volume is used for speculation, hoarding and to circumvent capital controls (getting one's dough out of China). The thing is that most of it is traceable. Me and my colleagues have witnessed the CEO of a company in a neighbouring office being arrested and extradited to the US on charges of money laudring and fraud using crypto assets (BTC and ETH specifically). So the arrest/indictment of these two doesn't come as a surprise, it was bound to happen as soon as they got caught or stepped out of Russia.

Supermancho 5y ago

Crypto, diamonds, rare goods, it's all relatively easy to move large amounts of value rather than physical currency.