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Turns out it’s hard to attract enough volume when you’re operating by the book in an unregulated market where everyone else is playing against the customers on
by pavlov 4y ago
Turns out it’s hard to attract enough volume when you’re operating by the book in an unregulated market where everyone else is playing against the customers on their money, often outright stealing it.
- miguelazo 4y agoBut also not surprising given that 95% of the use cases are totally illegitimate.
- rahen 4y agoOnly about 0.15% of crypto transactions last year were illicit, compared to 5% with fiat money. Cash is by far the pinnacle of "crime money", definitely not cryptos. https://blog.chainalysis.com/reports/2022-crypto-crime-report-introduction/ https://blog.chainalysis.com/reports/2022-crypto-crime-repor...
- mkipper 4y ago> compared to 5% with fiat money Sorry, what?
- miguelazo 4y agoThat’s a laughable estimate. And even if that were the case, speculation comprises the other 94.85%— also illegitimate—. A result of regulatory capture and complicit politicians.
- Veen 4y agoThe study says 0.15% of transactions involved addresses that have been identified as illicit. That’s quite different to saying 0.15% of transactions are illicit and very different to saying 0.15% of the value of crypto transactions was illicit.