Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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Crypto collapse: SEC takes on Terraform and Coinbase, ETF fallout continues, Tether is for crime (davidgerard.co.uk)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 10 months ago (1 children)

Except with crapto the proportion is the other way round, thousands of people use them to commit crimes but only tens of people use them legitimately.

So banning forks is a dumb thing, banning crapto is a boon to humanity.

[–] shortwavesurfer -4 points 10 months ago (2 children)

Chain analysis companies even admit that about 1% of crypto use is for criminal activity. The other 99% is lawful use

[–] [email protected] 9 points 10 months ago (1 children)

Shit, here I thought that at least buying illegal drugs was a somewhat defensible reason to deal in crypto and now you're telling me 99% of it is not even for that?

You're not making monero look cooler, you're just making digital privacy look worse.

[–] [email protected] 9 points 10 months ago* (last edited 10 months ago) (1 children)

the 1% claim is a distorted version of a report from Chainalysis that said 1.5% of bitcoin use was definitely identified as crime

even then, they calculated this by carefully ignoring most of the crime

[–] [email protected] 9 points 10 months ago

I dunno, sounds reasonable to me. Just like when recent studies by independent groups of experts on fintech enthusiasts found that investing in cryptocurrency was correlated with up to 70% increased body odor, a statistically significant drop in attractiveness and between one and three standard deviations below baseline level of self awareness.

The independent group consisted of me. The papers are available if you pay me 350€ for a yearly subscription to my journal.

[–] [email protected] 7 points 10 months ago (1 children)

brings up monero

about 1% of crypto use is for criminal activity. The other 99% is lawful use

time for you to fuck off now

[–] [email protected] 8 points 10 months ago (1 children)

and of course their entire post history is just generic crypto misinformation with a weird monero obsession

[–] shortwavesurfer 1 points 10 months ago* (last edited 10 months ago)

2 out of 11 posts seems like a pretty bad ratio for "entire"

Edit: thats 18.2% or <1/5

Edit 2: my previous account (moved instances) is 43/199 posts or 21.61% so just over 1/5.