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In crypto circles it is also code word for "criminals". As in for example "banking the unbanked" which translates into "providing extremely expensive banking l
by throwaway4good 5y ago
In crypto circles it is also code word for "criminals".
As in for example "banking the unbanked" which translates into "providing extremely expensive banking like services for criminals."
- michaelt 5y agoI'll be honest, I've never heard 'unbanked' used in relation to cryptocurrency or criminals before vmception used it above. I know my drug dealer can't pay duffle bags full of cocaine-covered $100 bills into the bank - but he can still get a personal checking account and pay in $100 a week or so. So I would not describe him as 'unbanked' in the conventional sense.
- vmception 5y agoWhen the state moves to seize and freeze his bank accounts and flag his unhosted bitcoin addresses, he'll wish he had some Monero and Tornado.cash notes to pay his lawyer with.