3 ms·
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3942181 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3942181 > For example, illegal transactions, sc
by rom-antics 4y ago
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3942181 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3942181
> For example, illegal transactions, scams and gambling together make up less than 3% of volume.
(Note that this quote is talking specifically about bitcoin, not crypto as a whole.)
- bayesian_horse 4y agoThat would actually be worse because then bitcoin is really mostly about "investors" trying to scalp each other, and very close even to a Ponzi-scheme. "Large concentrated players" don't need blockchains as "legitimate tender" or for the anonymity or whatever, they mostly use it for investment purposes. If everybody is just investing, and nobody is actually generating value above investing in actual currencies, then that should scare the living shit out of anyone involved in that. And I don't really believe that it is possible to estimate the amount of "dark" trading. Those investors may very well be providing the necessary market liquidity which the actual criminals appreciate very much.