> Again, what evidence do you have of this? - "The estimated amount of total money laundered annually around the world is 2-5% of the global GDP (USD 800 Billi

> Again, what evidence do you have of this? - "The estimated amount of total money laundered annually around the world is 2-5% of the global GDP (USD 800 Billion – 2 trillion)" - In 2009, total spend on illicit financial activities like money laundering was 3.6% of the global GDP, with USD 1.6 trillion laundered (according to the UNODC)[0] > Are you really going to argue that a smaller proportion of crypto transactions are laundering money? Yes! Without a doubt. We are talking about money laundering here, not "transactions volume that are not reported to any fiscal authority", which are two very, very different things. > To this day, not a single problem has been solved with blockchain. We can move value across the world in less than 10 seconds, without having to ask permission to anyone. That in itself might be no big deal for privileged folks living in places with (still) functioning institutions. But ask anyone who got blocked by Paypal or Google or even tried to make an international money order, and see if they don't think that crypto has solved a problem already. > If you own crypto, then you don't have an unbiased opinion on this: more enthusiasm for crypto is directly profitable to you. First, you can find a lot of things that I've written where I the biggest use case I promote is for stable tokens (i.e, crypto that is pegged to the USD or the EUR). The biggest use-case I am working on is to make payments easier, faster and independent of big centralized institutions [1]. Second, I don't "invest" in crypto as someone who buys lottery tickets and hopes to hit the jackpot. My focus is on collaborating to build an useful economy on it. You won't see me promoting/defending a project based on the token. Third: Skin in the Game. Yes, I am working on the space so of course I want it to succeed. This doesn't mean that you have any right to say that I am being unethical or that I am not deserving of any of the potential rewards. [0]: https://www.tookitaki.ai/compliance_hub/50-statistics-on-money-laundering/ https://www.tookitaki.ai/compliance_hub/50-statistics-on-mon... [1]: https://hub20.io https://hub20.io