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Honestly none of that is relevant. The entirety of the investment made by VCs is given directly to developers. That's got nothing to do with daily volume, mark

Honestly none of that is relevant. The entirety of the investment made by VCs is given directly to developers. That's got nothing to do with daily volume, market cap, etc - that's cash in hand. Human dollars. What developers choose to spend that money on is up to them but they sure do seem to have found a way. Arbitrarily constraining the analysis to the 'free' part is disingenuous. As for offsets, the entire model is bogus and I encourage you to look into it. It's generally just a way to prop up bad business models. You can't buy crime offsets from someone who promises not to do a crime they would have otherwise so that you can do it - and yet that's exactly how carbon offsetting works. That's to say nothing of that blockchain carbon offsetting company that set fire to the forest they were planting twice. [1] [1] https://boingboing.net/2022/07/23/blockchain-based-carbon-offset-company-sparks-35000-acre-forest-fire.html https://boingboing.net/2022/07/23/blockchain-based-carbon-of...

westurner 4y ago
In your opinion, high quality Open Source Software is the result of VC money? Chainslysis sells Blockchain/DLT analysis and investigation software and services to investigative agencies in multiple countries: https://en.wikipedia.org/wiki/Chainalysis https://en.wikipedia.org/wiki/Chainalysis How do they estimate their potential market? "Crypto Crime Trends for 2022: Illicit Transaction Activity Reaches All-Time High in Value, All-Time Low in Share of All Cryptocurrency Activity" https://blog.chainalysis.com/reports/2022-crypto-crime-report-introduction/ https://blog.chainalysis.com/reports/2022-crypto-crime-repor... > In fact, with the growth of legitimate cryptocurrency usage far outpacing the growth of criminal usage, illicit activity’s share of cryptocurrency transaction volume has never been lower. > […] Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021 despite the raw value of illicit transaction volume reaching its highest level ever. As always, we have to caveat this figure and say that it is likely to rise as Chainalysis identifies more addresses associated with illicit activity and incorporates their transaction activity into our historical volumes. For instance, we found in our last Crypto Crime Report that 0.34% of 2020’s cryptocurrency transaction volume was associated with illicit activity — we’ve now raised that figure to 0.62%. Still, the yearly trends suggest that with the exception of 2019 — an extreme outlier year for cryptocurrency-based crime largely due to the […] scheme — crime is becoming a smaller and smaller part of the cryptocurrency ecosystem. Law enforcement’s ability to combat cryptocurrency-based crime is also evolving. We’ve seen several examples of this throughout 2021, […] > However, we also have to balance the positives of the growth of legal cryptocurrency usage with the understanding that $14 billion worth of illicit activity represents a significant problem. Criminal abuse of cryptocurrency creates huge impediments for continued adoption, heightens the likelihood of restrictions being imposed by governments, and worst of all victimizes innocent people around the world. In this report, we’ll explain exactly how and where cryptocurrency-based crime increased, dive into the latest trends amongst different types of cybercriminals, and tell you how cryptocurrency businesses and law enforcement agencies around the world are responding. But first, let’s look at a few of the key trends in cryptocurrency-based crime […] "Mid-year Crypto Crime Update: Illicit Activity Falls With Rest of Market, With Some Notable Exceptions" (August 2022) https://blog.chainalysis.com/reports/crypto-crime-midyear-update-2022/ https://blog.chainalysis.com/reports/crypto-crime-midyear-up... More concerned about the climate impact; about environmental sustainability: https://cryptoclimate.org/supporters/ https://cryptoclimate.org/supporters/ And still, 99%+ of the market is incapable of assessing the software quality of the platforms underpinning the assets themselves, so we reach for some sort of market fundamentals technical data other than software quality and information security asurances.
- arcticbull 4y ago
  > In your opinion, high quality Open Source Software is the result of VC money? Some of it? Oh most definitely. It just depends on your business model and whether you need to keep your code proprietary. If you don't, good to go.

westurner 4y ago

In your opinion, high quality Open Source Software is the result of VC money? Chainslysis sells Blockchain/DLT analysis and investigation software and services to investigative agencies in multiple countries: https://en.wikipedia.org/wiki/Chainalysis https://en.wikipedia.org/wiki/Chainalysis How do they estimate their potential market? "Crypto Crime Trends for 2022: Illicit Transaction Activity Reaches All-Time High in Value, All-Time Low in Share of All Cryptocurrency Activity" https://blog.chainalysis.com/reports/2022-crypto-crime-report-introduction/ https://blog.chainalysis.com/reports/2022-crypto-crime-repor... > In fact, with the growth of legitimate cryptocurrency usage far outpacing the growth of criminal usage, illicit activity’s share of cryptocurrency transaction volume has never been lower. > […] Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021 despite the raw value of illicit transaction volume reaching its highest level ever. As always, we have to caveat this figure and say that it is likely to rise as Chainalysis identifies more addresses associated with illicit activity and incorporates their transaction activity into our historical volumes. For instance, we found in our last Crypto Crime Report that 0.34% of 2020’s cryptocurrency transaction volume was associated with illicit activity — we’ve now raised that figure to 0.62%. Still, the yearly trends suggest that with the exception of 2019 — an extreme outlier year for cryptocurrency-based crime largely due to the […] scheme — crime is becoming a smaller and smaller part of the cryptocurrency ecosystem. Law enforcement’s ability to combat cryptocurrency-based crime is also evolving. We’ve seen several examples of this throughout 2021, […] > However, we also have to balance the positives of the growth of legal cryptocurrency usage with the understanding that $14 billion worth of illicit activity represents a significant problem. Criminal abuse of cryptocurrency creates huge impediments for continued adoption, heightens the likelihood of restrictions being imposed by governments, and worst of all victimizes innocent people around the world. In this report, we’ll explain exactly how and where cryptocurrency-based crime increased, dive into the latest trends amongst different types of cybercriminals, and tell you how cryptocurrency businesses and law enforcement agencies around the world are responding. But first, let’s look at a few of the key trends in cryptocurrency-based crime […] "Mid-year Crypto Crime Update: Illicit Activity Falls With Rest of Market, With Some Notable Exceptions" (August 2022) https://blog.chainalysis.com/reports/crypto-crime-midyear-update-2022/ https://blog.chainalysis.com/reports/crypto-crime-midyear-up... More concerned about the climate impact; about environmental sustainability: https://cryptoclimate.org/supporters/ https://cryptoclimate.org/supporters/ And still, 99%+ of the market is incapable of assessing the software quality of the platforms underpinning the assets themselves, so we reach for some sort of market fundamentals technical data other than software quality and information security asurances.

arcticbull 4y ago
> In your opinion, high quality Open Source Software is the result of VC money? Some of it? Oh most definitely. It just depends on your business model and whether you need to keep your code proprietary. If you don't, good to go.