3 ms·
12% of the USA's economy is illegal activity. [1] 0.5% of Bitcoin's volume is illegal activity. [2] When will this crime meme finally die? [1]: https://www.i
by howdydoo 5y ago
12% of the USA's economy is illegal activity. [1]
0.5% of Bitcoin's volume is illegal activity. [2]
When will this crime meme finally die?
[1]: https://www.investopedia.com/articles/markets/032916/how-big-underground-economy-america.asp https://www.investopedia.com/articles/markets/032916/how-big...
[2]: https://ciphertrace.com/2020-year-end-cryptocurrency-crime-and-anti-money-laundering-report/ https://ciphertrace.com/2020-year-end-cryptocurrency-crime-a...
- vorpalhex 5y agoYou need to recheck your numbers. [1] says the number is about 7% for the US. [2] is > 10% for Bitcoin before I stopped adding.
- howdydoo 5y ago[2] says: > illicit transactions making up less than 0.5% of Bitcoin’s yearly volume in 2020 No adding required. [1] throws a lot of numbers including/excluding different categories of drugs/etc. You can squabble about 7% or 12%, but the point is it's an order of magnitude higher than 0.5%.