- Joined
- Jan 7, 2021
- Messages
- 16,097
If bye “wrongness” you mean batting .1000 then sure.
At least try two cum up with a credible source four yore retorts?
Master Thread tfsf/cryptostreetbets - FLR has finally arrived
- Thread starter HumasButthole
- Start date
Master Threads
At least try two cum up with a credible source four yore retorts?
- Joined
- Jan 7, 2021
- Messages
- 16,097
In a recent paper published in January this year at the University of Sydney Business School, some numbers were quantified when it comes to Bitcoin buying and illegal activities.
“We find that illegal activity accounts for a substantial proportion of the users and trading activity in Bitcoin,” the paper reads. “For example, approximately one-quarter of all users, 25 percent, and close to one-half of Bitcoin transactions, 44 percent, are associated with illegal activity.”
“Furthermore, approximately one-fifth, 20 percent, of the total dollar value of transactions and approximately one-half of Bitcoin holdings, 51 percent, through time are associated with illegal activity.”
“These users annually conduct around 36 mln transactions, with a value of around $72 bln, and collectively hold around $8 bln worth of Bitcoin.”
cointelegraph.com
@ChicagoFats please don’t follow up these facts with another pro crypto think tank hypothesizing how we should just accept really bhad people dewing really bhad things because “muh Bitcoin”.
“We find that illegal activity accounts for a substantial proportion of the users and trading activity in Bitcoin,” the paper reads. “For example, approximately one-quarter of all users, 25 percent, and close to one-half of Bitcoin transactions, 44 percent, are associated with illegal activity.”
“Furthermore, approximately one-fifth, 20 percent, of the total dollar value of transactions and approximately one-half of Bitcoin holdings, 51 percent, through time are associated with illegal activity.”
“These users annually conduct around 36 mln transactions, with a value of around $72 bln, and collectively hold around $8 bln worth of Bitcoin.”
Crypto vs. Cash - How the Numbers Stack Up on Drugs, Guns, Murders
Bitcoin’s has long been labeled an illicit goods buyers’ best friend, but how does it shape up to cold, hard cash?
cointelegraph.com
@ChicagoFats please don’t follow up these facts with another pro crypto think tank hypothesizing how we should just accept really bhad people dewing really bhad things because “muh Bitcoin”.
- Joined
- Dec 1, 2020
- Messages
- 4,663
University of Sidney vs United States. I thought you were @America 1st
Australia restricts speech more than any country right now. They should not be a yardstick
- Joined
- Jan 7, 2021
- Messages
- 16,097
University of Sidney is much more credible and reliable than whatever think tank yore screenshotting.
Remember inn America propaganda is protected bye the 1st amendment sew making sure a source is reliable and credible is a must.
Knot sure wat yew are talking about with Australia restricting speech more than anyone right now. They have sum of the best news sources inn the world (see sky news).
Freedomhouse has Australia rates very highly.
Australia: Freedom on the Net 2021 Country Report | Freedom House
See the Freedom on the Net 2021 score and learn about democracy and freedom in Australia.
Last edited:
- Joined
- Dec 1, 2020
- Messages
- 4,663
I'm not screenshotting a think tank. Its a government report.
- Joined
- Dec 1, 2020
- Messages
- 4,663
batting .1000 will get you fired!
- Joined
- Jan 7, 2021
- Messages
- 16,097
It sure seems like a propaganda organization:
“Economists, coders, climate scientists, lawyers, and philosophers leveraging more than 50 years of combined experience studying the bitcoin network to inform policymakers, journalists, and the public.”
Bitcoin Policy Institute
www.btcpolicy.org
- Joined
- Jan 7, 2021
- Messages
- 16,097
- Joined
- Dec 1, 2020
- Messages
- 4,663
Do you think the Russian government could duplicate dollars if they wanted?
- Joined
- Jan 7, 2021
- Messages
- 16,097
Nope.
Know doubt they wood love two dew this butt it’s simply impossible inn today’s world.
Do yew think the Russian government should bee able two avoid sanctions bye utilizing unregulated products?
- Joined
- Dec 1, 2020
- Messages
- 4,663
Yes, the Russian government should be able to try and evade sanctions. Do you think if someone tried to sanction us we would just be OK with it? Remember the tarriff war with yours truly Donald Trump? They are a sovreign nation and can do what they wish.
I think its an intersting prospect to have a BTC and other cryptos out there. There have always been different currencies, just none decentralized like BTC. Why is that such a threat?
- Joined
- Jan 7, 2021
- Messages
- 16,097
Knot if they are going two try butt should we enable them two? Why should we bee helping the Russians? It wood be akin two allowing a computer virus because “we knew those people were going two try two steal our information”.
It’s knot sew much that it’s a threat butt that it’s wrong.
- Joined
- Jan 7, 2021
- Messages
- 16,097
- Joined
- Dec 1, 2020
- Messages
- 4,663
Wow, this could be a game changer!
Wonder if it will cause the US to reconsider its position on BTC, although personally I think its a little too late for that.
- Joined
- Jan 7, 2021
- Messages
- 16,097
Eye think trading BTC will require the same ore more security/ identity confirmation than stocks via authorized brokers inn the future.
- Joined
- Dec 1, 2020
- Messages
- 4,663
Meh, that will defeat the purpose of BTC and be extremely hard to enforce.
- Joined
- Jan 7, 2021
- Messages
- 16,097
It will crush coiners butt eye don’t sea any other whey. The government just isn’t going two allow fund two flow anywhere without there consent.
Eye think the ability two enforce it is their butt the government woodn’t want two admit it. Watching wear things flow is much Moore valuable than any won individual or wallet.
- Joined
- Dec 1, 2020
- Messages
- 4,663
I don't think the US can stop BTC even if they wanted, its mechanics go much further than the borders of the US.
Yes, there are ways that they will try to regulate, but there will always be those fighting for privacy also. It will be a nice little competition to keep regulators honest.
- Joined
- Dec 1, 2020
- Messages
- 4,663
- Joined
- Jan 7, 2021
- Messages
- 16,097
Once the US and Europe agree on a framework that Will take most of its uses away.
They don’t knead two stop Russians from trading it with the Chinese just just US with rest of western world
- Joined
- Dec 1, 2020
- Messages
- 4,663
I don't think you quite understand the mechanics of BTC. Otherwise you would understand that its not the something the government can alter or take away. They can certainly try to influence it, but they will never stop it.
- Joined
- Jan 7, 2021
- Messages
- 16,097
Eye understand it and it’s a myth that they can’t alter it ore take it away. They seize it just like any other peace of property and are quite successful at it.
- Joined
- Dec 1, 2020
- Messages
- 4,663
Well then they will certainly just seize all the BTC that Vlad Putin takes in from selling his oil. Amirite?
- Joined
- Jan 7, 2021
- Messages
- 16,097
Nope. Like eye said they wood rather watch wear those coins go and gather the information.
The whole reason BTC exists is sew the deep state can gather information on less traditional sources.
- Joined
- Dec 1, 2020
- Messages
- 4,663
You realize that if you are savvy enough (not much required) you can create a new wallet for every transaction you do. You can create as many wallets as you want. There are services that will "anonymize" your BTC. That is they will take your bitcoin and run it through a program to "wash" its tracking. There are other currencies such as Monero where the transactions are truly anonymous.
Yes, the feds can track certain individuals through a little calculous. But individuals still hold the upper hand. A little knowledge and you can evade detection for a long time.
- Joined
- Jan 7, 2021
- Messages
- 16,097
It doesn’t matter how many wallets sumwon creates. They can always get two those wallets with ease.
Yew really believe the deep state doesn’t control / have access two all those “services” (like Monero) two?
Cum on Chicago! Yore my boy butt let’s get real hear.
- Joined
- Dec 1, 2020
- Messages
- 4,663
Oh I believe they have ways to get the average joes passwords by snooping on their computers.
I don't think they have the ability to hack bitcoin or stop bitcoin and this is why they have chosen not even try and stop it. Maybe in its infancy, but BTC is like covid now, its everywhere and unstoppable no matter what any one government does.
- Joined
- Jan 7, 2021
- Messages
- 16,097
The government could just as easily pass laws forbidding miners from creating blocks with certain transactions and impose severe consequences on any unlicensed mining or creating blocks with those transactions. If yew get The US and Europe on the same page there could bee a significant amount of transactions that go unconfirmed.
- Joined
- Jan 7, 2021
- Messages
- 16,097
Their is know reason two worry about “hacking” BTC itself.
BTC relies on humans. Humans are the weakest point inn the system.
Plus this human component provides ample cover four tomfoolery.
- Joined
- Dec 1, 2020
- Messages
- 4,663
- Joined
- Feb 19, 2021
- Messages
- 3,554
Kick ass
- Joined
- Feb 19, 2021
- Messages
- 3,554
Doesn't everything rely on humans in human world?
- Joined
- Jan 7, 2021
- Messages
- 16,097
What is human world?
- Joined
- Jan 7, 2021
- Messages
- 16,097
- Joined
- Dec 1, 2020
- Messages
- 4,663
- Joined
- Jan 7, 2021
- Messages
- 16,097
Eye just think it’s nice two sea them cleaning up on Russia continually.
The fact that they seized BTC isn’t really knews since that’s happening all the thyme all across the globe.
- Joined
- Dec 1, 2020
- Messages
- 4,663
- Joined
- Dec 1, 2020
- Messages
- 4,663
My guess is that you bought the Ada through a debit or credit card and Coinbase wants to make sure you don’t try and “chargeback” and run off with crypto they can’t claw back.
It sucks but it makes sense.
- Joined
- Dec 1, 2020
- Messages
- 14,173
Straight from my bank account
