2 ms·

Even at 1/4 of that, it's $650bn. That's a tons of value. > like 99.9% of transactions are valueless gambling OR money laundering. You need to prove that. GBT

by csomar 5y ago

Even at 1/4 of that, it's $650bn. That's a tons of value. > like 99.9% of transactions are valueless gambling OR money laundering. You need to prove that. GBTC and CME options volumes/open value are in the billions. I don't think people are laundering money through these instruments.

0xB31B1B 5y ago
You don't need to launder money through GBTC to get exposure to the assets that money launderers use (BTC) to launder money and reap the upside of a growth market in cryptocurrency based moneylaundering. its a smart play tbh, but the 99% off chain economic benefit from crypto today is money laundering, evading KYC protocols, tax evasion, ransomware related transfers.
- terafo 5y ago
  > 99% off chain economic benefit from crypto today is money laundering, evading KYC protocols, tax evasion, ransomware related transfers You still need to prove that though.
  - 0xB31B1B 5y ago
    No, you need to prove the off chain economic use cases. The well known use cases are all illicit.