https://blog.chainalysis.com/reports/darknet-markets-cryptoc...
Anecdotally: people buy lots of drugs using cryptocurrencies. Not that I would ever do such a thing…
[1] https://twitter.com/sergueyz/status/1365040381155491841
Quote: "$100 bill spans 22-23 years with about 20 operations per year, 450 operations in total, 220 for median. We need to calculate probability p that operation is not illicit. p=0.2^(1/220)=0.9927. Probability that operation is illicit is 1-p=0.0073 or 0.73%."
I was answering clearly biased twit about "only 1% of transactions using bitcoin are criminal and 70%-80% of $100 bills are used in criminal transactions". The calculation above is for worst case of 80%. For best case of 70% of transactions are illicit, the probability of single transaction being illicit drops to 0.55% (fifty five hundredths of percent).
Thus, bitcoin carries from one and a third (1.36=1/0.73) to almost twice (1.8=1/0.55) more percentage of illicit transactions than money.
> Iranian thinktanks have also emphasized the need for the nation’s government to use cryptocurrencies to circumvent US-led international sanctions. It now appears that the Office of President Hassan Rouhani has become more serious about using crypto. [2]
A rapidly growing percent of nuclear weapons proliferation is being funded by crypto. That's way worse for the planet than crime performed using cash.
[1] https://www.coindesk.com/doj-charges-3-north-korean-hackers-...
[2] https://www.crowdfundinsider.com/2021/03/172786-iran-is-repo...
In that basis let's get rid of nuclear power because Iran use that. I think they also have the internet so while we are at it let's get rid of that.
That’s exactly what they did.
Isn't it perversely possible that the environmental impact of another two more Iraq War scale conflicts plus end of ongoing middle east presence means that ironically Bitcoin and nuclear weapons combined could help the environment net in comparison.
Sort of the logic behind a joke "They say that nuclear weapons kept the cold war cold, they say want peace in the middle east yet when I give Palestine Iran and Palestine nuclear ICBMs suddenly I am now the bad guy here?"
Speculation I could agree with... however,
Crime? Really? Got anything to back this up? The vast majority of crime is performed using cash.
https://hodlhard.io/blog/bitcoin-crime/