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> some from people who operate outside of the law... also from people who lack access to good banking and payments infrastructure What do you suppose that rati

> some from people who operate outside of the law... also from people who lack access to good banking and payments infrastructure What do you suppose that ratio to be in terms of e.g. transaction volume? Personally I think it's >90 : <10 (scams : sympathetic). Others seem to think the balance is very different, or that it _could_ be different some day and that alone is a reason to "leave it alone".

tkz1312 3y ago
I personally don’t have an opinion on the ratio, but there are many reports estimating that the illicit to legal ratio is much lower than you suspect. Either way I actually don’t care that much, I think access to the financial system is a human right, and not one that governments or US corporates should be able to arbitrarily remove. Crypto is the only thing we have that is remotely close to preserving the rights that we have with cash in the digital realm, and that makes it OK in my book.
- rrdharan 3y ago
  > preserving the rights that we have with cash in the digital realm I think it goes quite a bit beyond that, or rather, the digital and physical realm are not mere 1:1 mirror images of each other. For example in the physical realm it is really difficult to move millions of dollars of cash from one place to another particularly across prominent geographic or national boundaries (oceans, mountains, countries); the difficulty scales with the amount. Do people have this "right"? Sure, I guess, but in practice and as history has shown us, they've never been able to exercise it. It's more or less trivial to move huge sums with crypto.
  - tkz1312 3y ago
    Certainly they are not 1-1 the same. Cash has better privacy properties, crypto lets you move large sums more easily. In general, when it comes to a monetary technology, I view being able to quickly and easily make transfers as a feature not a bug.
- mvdtnz 3y ago
  What reports?
  - tkz1312 3y ago
    here’s one: https://www.chainalysis.com/blog/2023-crypto-crime-report-introduction/ https://www.chainalysis.com/blog/2023-crypto-crime-report-in...

tkz1312 3y ago

I personally don’t have an opinion on the ratio, but there are many reports estimating that the illicit to legal ratio is much lower than you suspect. Either way I actually don’t care that much, I think access to the financial system is a human right, and not one that governments or US corporates should be able to arbitrarily remove. Crypto is the only thing we have that is remotely close to preserving the rights that we have with cash in the digital realm, and that makes it OK in my book.

rrdharan 3y ago
> preserving the rights that we have with cash in the digital realm I think it goes quite a bit beyond that, or rather, the digital and physical realm are not mere 1:1 mirror images of each other. For example in the physical realm it is really difficult to move millions of dollars of cash from one place to another particularly across prominent geographic or national boundaries (oceans, mountains, countries); the difficulty scales with the amount. Do people have this "right"? Sure, I guess, but in practice and as history has shown us, they've never been able to exercise it. It's more or less trivial to move huge sums with crypto.
- tkz1312 3y ago
  Certainly they are not 1-1 the same. Cash has better privacy properties, crypto lets you move large sums more easily. In general, when it comes to a monetary technology, I view being able to quickly and easily make transfers as a feature not a bug.
mvdtnz 3y ago
What reports?
- tkz1312 3y ago
  here’s one: https://www.chainalysis.com/blog/2023-crypto-crime-report-introduction/ https://www.chainalysis.com/blog/2023-crypto-crime-report-in...