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the proportion of criminal activity with crypto is estimated to be an order of magnitude lower than the conventional economy: https://www.forbes.com/sites/hail

the proportion of criminal activity with crypto is estimated to be an order of magnitude lower than the conventional economy: https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/?sh=3572219b3432 https://www.forbes.com/sites/haileylennon/2021/01/19/the-fal... most crypto is actually not well suited to criminal activity. it is pretty appealing as a savings and transaction medium when your alternative looks like this: https://i.imgur.com/JcaAbC4.png https://i.imgur.com/JcaAbC4.png

fatjokes 4y ago
So you're saying crypto is not good for anonymity, privacy, decentralization?
- nyolfen 4y ago
  with the exception of privacy coins most of it is not good for anonymity/privacy by default (a wallet address is effectively a public psuedonym with a social graph), but that has no bearing on the decentralization of crypto protocols, which ranges from fraudulent to extremely strong, depending on the project. there are ways to use bitcoin with very good privacy, like chaumian coinjoin, but they are not the default behavior of the protocol. nobody describes bitcoin as anonymous besides local news anchors and other low-information audiences.