this post was submitted on 20 Jan 2024
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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.
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
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.