Re:Tether ordered to produce documents showing backing of US...
by jandrese on Wednesday September 21, 2022 @05:16PM
(#32931634)
You are saying the Silk Road and the numerous clones aren't real?
Re:Tether ordered to produce documents showing backing of US...
by tomjakubowski on Wednesday September 21, 2022 @06:51PM
(#32932645)
Silk Road was a drop in the ocean, in total a hundredth of a percent of just the United States' spend on the most popular illicit drugs.
Silk Road … facilitating annual sales estimated at almost $15 million.
https://reason.com/2013/04/09/bitcoin-vs-big-government/
Researchers estimate that from 2006 to 2016, the total amount of money spent by Americans on these four drugs fluctuated between $120 billion and $145 billion each year.
Re:Tether ordered to produce documents showing backing of US...
by 0x457 on Thursday September 22, 2022 @08:07PM
(#32946274)
They are real, but it's much, much easier to venmo/cashapp and get same day 2-hours delivery/pickup. Which is how most of the last mile trade is done.
Re:Tether ordered to produce documents showing backing of US...
by missedthecue on Wednesday September 21, 2022 @05:28PM
(#32931746)
They comprise a negligible amount of the drug trade. People are more likely to use Venmo than mess around with crypto wallets
Lol, you think these transactions done with crypto? Don't be silly.