• @FireRetardant
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    422 hours ago

    Isn’t USD also linked to many of those? Gangs launder physical cash through businesses, ransomware can ask for credit cards or bank accounts, terrorists may take USD as it can be spent nearly anywhere.

    • @[email protected]
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      08 hours ago

      The difference is that 100% of crypto-currency transactions are stuff like that and only a small percentage of USD transactions.

      • @FireRetardant
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        6 hours ago

        Do you have a source for that? I’ve seen local businesses like pizza shops and such accept btc.

        Edit: the majority of crypto transactions are likely between exchanges, miners, and exchange customers. An example is the Blackrock BTC ETF buys and sells btc off an exchange in realtime in relation to the ETF purchases. I’m not saying no crime happens on the btc network but to claim 100% of transactions are crime based is just false.

        • @[email protected]
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          07 hours ago

          And by “pizza shops” you mean that one pizza shop that tried it back before BTC got really expensive?

          • @FireRetardant
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            16 hours ago

            I’m pretty sure they just charge the local currency equivalent in BTC at the time of purchase.