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Re:Binance banned from doing business in UK by arthurcolle on Sunday June 27, 2021 @02:25PM (#27653894)
Why do many meatspace drug dealers only accept cash?
Re:Binance banned from doing business in UK by kgraves on Sunday June 27, 2021 @02:44PM (#27654073)
Source?

Also, did you just forget we were (and we are) in a pandemic that started a year ago, forcing almost every person in lockdown?

What do you think was the mode of choice for drug dealers to launder their money through? I'll give you a hint, it is certainly not cash.

Re:Binance banned from doing business in UK by slipframe on Sunday June 27, 2021 @03:17PM (#27654380)
Lmao are you serious? Source is 15 years of buying drugs. The illegal drug dealers only took cash, and now that buying drugs is legal, the legal dealers only take cash too. They have an ATM in their shop, but that's because they only take cash.

I guess you never buy drugs IRL, if you really want a source for "drug dealers only take cash". What's next, wanting a source for "water is wet"?

> Also, did you just forget we were (and we are) in a pandemic that started a year ago, forcing almost every person in lockdown?

Guess who stayed open the entire time? The drug dealers. They were excluded from lockdowns due to ostensibly being essential businesses who sold "medicine". And guess what, the entire time they have only accepted cash.

Re:Binance banned from doing business in UK by hakfoo on Sunday June 27, 2021 @05:51PM (#27655796)
I suspect that's more about the weird 'state-legal/federal-illegal' hybrid situation. Banks with federal charters can't touch the industry, so it mostly runs on cash.

Two weeks after we get Federal legalization, someone's going to offer a rewards Visa with 4.20x points for cannabis purchases. You heard it here first.

Re:Binance banned from doing business in UK by kgraves on Sunday June 27, 2021 @04:42PM (#27655113)
> Lmao are you serious? Source is 15 years of buying drugs...

So the source is you then? If so, that is an anecdote and that isn't a reputable source, try again.

> The illegal drug dealers only took cash, and now that buying drugs is legal, the legal dealers only take cash too. They have an ATM in their shop, but that's because they only take cash.

So you are saying that cryptocurrencies was never an option for these people at all? If it was legal bank transfer or credit cards would be just fine.

Would be nice if you provide sources for your claims to these.

> Guess who stayed open the entire time? The drug dealers. They were excluded from lockdowns due to ostensibly being essential businesses who sold "medicine". And guess what, the entire time they have only accepted cash.

Again, do you have any reputable sources for these claims?

Burden is on you to provide proof.

Re:Binance banned from doing business in UK by arthurcolle on Sunday June 27, 2021 @06:32PM (#27656089)
I promise you that drug dealers only accept cash.

Maybe a few zoomer ones accept Venmo, but that is functionally equivalent.

Re:Binance banned from doing business in UK by zepolen on Sunday June 27, 2021 @10:45PM (#27657561)
> So the source is you then? If so, that is an anecdote and that isn't a reputable source, try again.

What is your definition of a reputable source then?

You have four different people saying the same thing and still you ask for a 'source'.

Re:Binance banned from doing business in UK by kgraves on Monday June 28, 2021 @12:41AM (#27658185)
If I said I cracked bitcoin's cryptography would you just believe me because the source is me with no evidence?
Re:Binance banned from doing business in UK by arthurcolle on Friday July 02, 2021 @07:55PM (#27718232)
No I wouldn't. But the claim that most drug dealers don't accept anything other than greenbacks has less significant (even if just in pure dollar terms) than the claim that you've broken the fundamental threat model related to the largest crypto-asset system that currently has a market cap (as of this moment) of more than half a billion USD
Re:Binance banned from doing business in UK by sellyme on Monday June 28, 2021 @12:26AM (#27658131)
This is what you are doing: https://www.smbc-comics.com/comic/game

Don't be surprised when no-one wants to take you up on inane requests.

Re:Binance banned from doing business in UK by kgraves on Monday June 28, 2021 @12:39AM (#27658179)
Am I? or is an anecdote a valid source?
Re:Binance banned from doing business in UK by sellyme on Monday June 28, 2021 @01:08AM (#27658316)
You seem to be under the impression that anyone here has an obligation to make sure that you're adequately convinced.

You clearly won't believe that most drug transactions are done in cash unless you see incontrovertible evidence. That's fine. But no-one cares, so I don't know why you expect demands for a source to be met.

If this was an even remotely controversial or decisive topic, it's worth providing sources, because they convince not only the person demanding it, but also anyone reading. But in this case, it's such a well-known and obvious fact that there's no such benefit.

You can ask for sources for "the sky is blue" all you want, but I'm happy to just stick my head out the window and go "yep, I'm pretty sure". I'm not too fussed if you still don't believe me.

Re:Binance banned from doing business in UK by kgraves on Sunday July 04, 2021 @08:27PM (#27733716)
> You seem to be under the impression that anyone here has an obligation to make sure that you're adequately convinced.

All I'm just asking for clear evidence to a claim, like someone asked me for evidence of a claim I made, I provided a source and evidence. Not hard, seems you and others have an issue with it.

> You clearly won't believe that most drug transactions are done in cash unless you see incontrovertible evidence. That's fine. But no-one cares, so I don't know why you expect demands for a source to be met.

Do you expect me or anyone else to believe a random person like you making a bold claim at first glance?

So unless you have a source to a bold claim, I can dismiss it.

> But in this case, it's such a well-known and obvious fact that there's no such benefit.

Then the refutation should be quick and easy right? Again, I see none so far.

[dead]
Re:Binance banned from doing business in UK by kgraves on Sunday June 27, 2021 @07:44PM (#27656544)
> You bitcoin people are completely delusional. You would need your head buried under several meters of sand to not know any of this already.

You really are confused. I'm pretty much against cryptocurrencies, I see no benefit in it, read the thread 3 or more times again.

> The drug stores never closed. They've been open the entire time, and the entire time they have only accepted cash.

So you can purchase these drugs such as weed legally in Texas, Georgia, Idaho and all these other states right?