The Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 4 days agoBe kind to your elderslemmy.worldexternal-linkmessage-square304fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkBe kind to your elderslemmy.worldThe Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 4 days agomessage-square304fedilink
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up0·edit-22 days ago The estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or $800 billion - $2 trillion in current US dollars. Source. If crypto was so great for money laundering and illegal activity, we’d see so much more of it. The number is as high as it is because Bitcoin is super convenient, so people go out of their way to try to make it work.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up0·2 days agoAgreed. The upper estimate is that only 5% of money laundering goes through crypto.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up0·2 days agoIf we can somehow kill off the bulk of the pump and dump nonsense and discourage speculation, maybe we can get somewhere with crypto.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up0·2 days agoFirst wave was ICOs Second wave was NFTs Third wave was (is) memecoins Are the waves are getting smaller?
Source.
If crypto was so great for money laundering and illegal activity, we’d see so much more of it. The number is as high as it is because Bitcoin is super convenient, so people go out of their way to try to make it work.
Agreed. The upper estimate is that only 5% of money laundering goes through crypto.
If we can somehow kill off the bulk of the pump and dump nonsense and discourage speculation, maybe we can get somewhere with crypto.
First wave was ICOs
Second wave was NFTs
Third wave was (is) memecoins
Are the waves are getting smaller?