5 ms·

Global narcotics are about 1% of world trade. So in the worst case scenario the USD is doing about 99% more legitimate transactions than crypto.

• grandempire 2y ago
  [flagged]
  • bigyabai 2y ago
    If you normalize it against the legitimate uses, it's crypto by a country mile.
    • grandempire 2y ago
      [flagged]
      • bigyabai 2y ago
        The finance definition, not the literal one: https://wikipedia.org/wiki/Normalization_(statistics) https://wikipedia.org/wiki/Normalization_(statistics) normalization may refer to more sophisticated adjustments where the intention is to bring the entire probability distributions of adjusted values into alignment.
        • grandempire 2y ago
          [flagged]
          • bigyabai 2y ago
            > that’s going to tell us crypto is bad? No but it does answer which is more crime-laden. > Just say you hate it. I don't hate it. I am a former Bitcoin maxi that watched the entire community commit suicide the moment KYC was imposed. When you remove the opportunities for fraud, money laundering, rug-pulls and illegal commerce, cryptocurrency atrophies.
          • johnnyanmac 2y ago
            You can skip the sealiioning and just say you like crypto and don't care if illegal stuff happens with it. It's not some gotcha that we 8se proportions for comparison instead of raw size with most societal things.
• deleted 2y ago
  [deleted]