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I'm not going to be argumentative here, but the last article you referenced. Clearly coinbase would have a bias to promote userbase. That said : > Of that sma

I'm not going to be argumentative here, but the last article you referenced. Clearly coinbase would have a bias to promote userbase. That said : > Of that small portion, scams make up the overwhelming majority of cryptocurrency related crime. How do you think those scams will cash out ? Next step - Places like Tornado. > From 2017 to 2020, criminal economic activity was overwhelmingly conducted through traditional financial institutions. This is apples and oranges. But a good number to put on paper when promoting a cryptocurrency exchange for sure. There is just an incomparable amount of traditional fiat currency compared to crypto currency so how someone would even make that argument says a lot. > Myth #2: More illegal activity takes place using cryptocurrency than with cash. I have no idea what sincere person would say that myth was true unless it was said as a joke. So no argument there but again, not adding any value. See above comment. > Myth #3: Cryptocurrency makes it harder for law enforcement to investigate malfeasance. And the 'Facts' given ignore services like Tornado.cash. Conveniently wouldn't you agree ? My personal opinion of the CoinBase article is "Shill out of Ten".

syzygyhack 4y ago
> I'm not going to be argumentative here It does help when you check the numbers before making your assertions. > Clearly coinbase would have a bias to promote userbase You discount the post because it is from Coinbase, yet every point made is backed up with up-to-date sources from firms you have already deemed appropriate, such as CipherTrace and Chainalysis. That's an... interesting perspective to hold. A bit of cognitive dissonance going on there, methinks? > How do you think those scams will cash out ? Next step - Places like Tornado. From your own sources, usually exchanges which implement KYC/AML policies equivalent to traditional banks. Did you actually read them or do you just plop a few keywords in Google and hope for the best? > And the 'Facts' given ignore services like Tornado.cash. Conveniently wouldn't you agree ? You think so, do you? Yet in your other source (https://www.unive.it/pag/fileadmin/user_upload/dipartimenti/economia/doc-eng/eudifin/wp/WP10.pdf https://www.unive.it/pag/fileadmin/user_upload/dipartimenti/...), we get this nugget: > However, in spite of the money laundering risk associated with cryptocurrency mixing services, tumblers are used for lawful activities more often than for illegal ones. You don't seem interested in a rational or data-driven discussion so there's little fruit to harvest here, I'll leave you to your imaginings.

syzygyhack 4y ago

> I'm not going to be argumentative here It does help when you check the numbers before making your assertions. > Clearly coinbase would have a bias to promote userbase You discount the post because it is from Coinbase, yet every point made is backed up with up-to-date sources from firms you have already deemed appropriate, such as CipherTrace and Chainalysis. That's an... interesting perspective to hold. A bit of cognitive dissonance going on there, methinks? > How do you think those scams will cash out ? Next step - Places like Tornado. From your own sources, usually exchanges which implement KYC/AML policies equivalent to traditional banks. Did you actually read them or do you just plop a few keywords in Google and hope for the best? > And the 'Facts' given ignore services like Tornado.cash. Conveniently wouldn't you agree ? You think so, do you? Yet in your other source (https://www.unive.it/pag/fileadmin/user_upload/dipartimenti/economia/doc-eng/eudifin/wp/WP10.pdf https://www.unive.it/pag/fileadmin/user_upload/dipartimenti/...), we get this nugget: > However, in spite of the money laundering risk associated with cryptocurrency mixing services, tumblers are used for lawful activities more often than for illegal ones. You don't seem interested in a rational or data-driven discussion so there's little fruit to harvest here, I'll leave you to your imaginings.