And I know atleast 5 banks with over 1 Billion in cap, went down. Not sure how that's not over 1 percent my man. But sure hell there are issues with Crypto as it stands.

Also I can for certain say more than 1 percent of fiat is used in illegal stuff. Not sure how crypto is doing so much better... When all I hear are stories of Hacks, Frauds and Rugpulls.

You can also use GNU Taler if you just want zero knowledge and mostly permissionless...

I’m really curious to know where this statistic is coming from. Spend a day following other sources [0] and you’d be hard-pressed not to come to the same conclusion.

[0] https://web3isgoinggreat.com/

$14B in illicit activity in a year sounds like a lot, but it's about a single percent of $1T, and Chainalysis is tracking $1T worth of transactions per month in crypto.[2]

[1] https://blog.chainalysis.com/reports/2022-crypto-crime-repor...

[2] https://blog.chainalysis.com/reports/series-f/

Sadly, this echoes the kind of defective reasoning I have observed with a majority of “crypto” proponents.

Also, without a proper source for a claim, I can just as well state that research has shown that less than 1% of cryptocurrency proponents are aware enough to realize the hole they’ve dug themselves in.