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Some here are pathetically-misinformed regarding crypto's utility and social benefits. Read the Latin America section of Chainalysis 2022 report (Pgs. 19 - 27)

Some here are pathetically-misinformed regarding crypto's utility and social benefits. Read the Latin America section of Chainalysis 2022 report (Pgs. 19 - 27) before claiming "it's all a scam" (and so spreading mis-information): https://go.chainalysis.com/rs/503-FAP-074/images/2022-Geography-of-Cryptocurrency.pdf https://go.chainalysis.com/rs/503-FAP-074/images/2022-Geogra... For those not aware, the company that produced this report, Chainalysis, actively aids prosecution of illegality in the crypto space, acting as primary advisors to the FBI, IRS etc. They may just know what they're talking about: https://en.m.wikipedia.org/wiki/Chainalysis https://en.m.wikipedia.org/wiki/Chainalysis

bheadmaster 4y ago
> and so spreading mis-information Who died and made you the Minister of Truth?
- detrites 4y ago
  Truth did.
  - bheadmaster 4y ago
    Meaningless comment pretending to be deep.
    - detrites 4y ago
      You said it.
      - bheadmaster 4y ago
        Pointless comment written just to have the last word.
yao420 4y ago
As a Latin American the largest uptake I see is among criminal groups for money laundering.[0] But with an open mind I read the section you called out and I have several issues. The first is that the report doesn’t actually discuss or show the numbers. The country reporting only talks about inflation in those countries and percentage of transactions, how much volume and coins are these countries actually moving? They have the stats, but know it’s all wash trading. Funny how ‘wash trading’ or even ‘money laundering’ doesn’t even make it I to the report. Really makes the branding of building trust in blockchains laughable. Second this report is very outdated. This is seen in the Mexico section; it talks about inflation numbers and the potential for remittances. It even mentions coinbase’s program which was shutdown in sept 22 for lack of usage (as in a couple hundred bucks a week). [0] https://www.reuters.com/article/mexico-bitcoin/insight-latin-american-crime-cartels-turn-to-crypto-to-clean-up-their-cash-idUSL1N2IJ01D https://www.reuters.com/article/mexico-bitcoin/insight-latin...
- detrites 4y ago
  Page 20 shows amounts in billions received by each country, eg Mexico looks like ~57.5 billion. In the Mexico section it says: > Bitso alone has already processed more than $1 billion in US-to-Mexico remittances in 2022 as of June, representing a year-over-year growth rate of 400% and a grip on 4% of Mexico’s remittance market. A wee bit more than a couple hundred per week. Maybe Bitso cornered the market there?

bheadmaster 4y ago

> and so spreading mis-information Who died and made you the Minister of Truth?

detrites 4y ago
Truth did.
- bheadmaster 4y ago
  Meaningless comment pretending to be deep.
  - detrites 4y ago
    You said it.
    - bheadmaster 4y ago
      Pointless comment written just to have the last word.

yao420 4y ago

As a Latin American the largest uptake I see is among criminal groups for money laundering.[0] But with an open mind I read the section you called out and I have several issues. The first is that the report doesn’t actually discuss or show the numbers. The country reporting only talks about inflation in those countries and percentage of transactions, how much volume and coins are these countries actually moving? They have the stats, but know it’s all wash trading. Funny how ‘wash trading’ or even ‘money laundering’ doesn’t even make it I to the report. Really makes the branding of building trust in blockchains laughable. Second this report is very outdated. This is seen in the Mexico section; it talks about inflation numbers and the potential for remittances. It even mentions coinbase’s program which was shutdown in sept 22 for lack of usage (as in a couple hundred bucks a week). [0] https://www.reuters.com/article/mexico-bitcoin/insight-latin-american-crime-cartels-turn-to-crypto-to-clean-up-their-cash-idUSL1N2IJ01D https://www.reuters.com/article/mexico-bitcoin/insight-latin...

detrites 4y ago
Page 20 shows amounts in billions received by each country, eg Mexico looks like ~57.5 billion. In the Mexico section it says: > Bitso alone has already processed more than $1 billion in US-to-Mexico remittances in 2022 as of June, representing a year-over-year growth rate of 400% and a grip on 4% of Mexico’s remittance market. A wee bit more than a couple hundred per week. Maybe Bitso cornered the market there?