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Old 08-05-2022, 08:52 AM  
jscott
So Fucking Banned
 
Industry Role:
Join Date: Feb 2001
Location: Taipei
Posts: 25,198
Quote:
Originally Posted by SpicyM View Post
... and for criminals. The ideal payment type for thieves and scumbags.
^^ this guy doesn't even know that Bitcoin is a public ledger But goes to show how early it for the technology.

Criminals who use it get caught. Cash is for criminals, mostly untraceable. You should use more than headlines to learn about Bitcoin

Don't have to believe me, you can check the data:

Source Bitcoin (0.5-2%, or $10-$20b):
https://blog.chainalysis.com/reports...arknet-markets

Source fiat (2-5%, or $800-2,000b) (United Nations office on Drugs and Crime):
https://www.unodc.org/unodc/en/money...20US%20dollars

2-5% of dollars are laundered compared to 0.5-2% of crypto. Which makes total sense because public ledgers are easily traceable.
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