> The attention grabbing headlines that linger in your memory are a biased sub-sample. Agreed, repeated media narratives lead to bias (myself included) which s

> The attention grabbing headlines that linger in your memory are a biased sub-sample. Agreed, repeated media narratives lead to bias (myself included) which stands in the way of reasoned argument. Data is good. > illegal transactions, scams and gambling together make up less than 3% of volume I've read that over 70% of trade on the unregulated exchanges are wash trades / fake volume. [1] Huge huge red flag to me, may not be technically illegal, but evidence like this runs counter to the "helping the poor and unbanked" narrative. Market manipulation usually hurts more people than it helps. > It's reductive to paint everyone with the same broad brush. Fair enough. I still say there's a lot of smoke here, and a few clear major wildfires. Today's takeaway for me is that there are a lot more of people here that are heavily invested in crypto space than I guessed. People with money invested that need to see the space succeed. Makes it hard if not impossible to have a reasoned discussion here. It's probably fruitless to continue to talk about crypto here. [1] https://cepr.org/voxeu/columns/wash-trading-centralised-crypto-exchanges-need-transparency-and-accountability https://cepr.org/voxeu/columns/wash-trading-centralised-cryp...