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Criminals still need to launder money. Suburbanites still need to buy drugs. Cryptocurrencies won't completely disappear.

• 0x457 4y ago
  > Suburbanites still need to buy drugs Lol, you think these transactions done with crypto? Don't be silly.
  • jandrese 4y ago
    You are saying the Silk Road and the numerous clones aren't real?
    • 0x457 4y ago
      They are real, but it's much, much easier to venmo/cashapp and get same day 2-hours delivery/pickup. Which is how most of the last mile trade is done.
    • missedthecue 4y ago
      They comprise a negligible amount of the drug trade. People are more likely to use Venmo than mess around with crypto wallets
    • tomjakubowski 4y ago
      Silk Road was a drop in the ocean, in total a hundredth of a percent of just the United States' spend on the most popular illicit drugs. Silk Road … facilitating annual sales estimated at almost $15 million. https://reason.com/2013/04/09/bitcoin-vs-big-government/ https://reason.com/2013/04/09/bitcoin-vs-big-government/ Researchers estimate that from 2006 to 2016, the total amount of money spent by Americans on these four drugs fluctuated between $120 billion and $145 billion each year. https://www.rand.org/news/press/2019/08/20.html https://www.rand.org/news/press/2019/08/20.html