We only have data for busted markets, which is only a miniscule proportion of the trade being done, yet it still far outweighs any transactions used for legal purposes. Even when stores like growstores accept bitcoin and growers sometimes use their profits (made illegally, from several illegal transactions) to do one transaction which is for legal grow shit. The amount they’ll make off that gear will be far greater than the it’s cost.
This isn’t a debate. This is you just refusing to accept reality.
Cryptocurrency emerged in 2008 with the Bitcoin whitepaper as a scientific experiment. In less than ten years, it had become a part of the global financial system with the capitalization of trillions of dollars. To understand more about how cryptocurrencies are used, please see the video below.
The criminal use of cryptocurrency is no longer primarily confined to
cybercrime activities, but now relates to all types of crime that require
the transmission of monetary value. However, the scale and share of
the illicit use of cryptocurrencies as part of criminal activities is difficult
to estimate
It’s impossible to have specific numbers of a black market, in case you want something even more specific, but despite not being able to pin down specific numbers, it’s obvious.
Secondly, like I already said, it’s irrelevant. Bitcoin is for storing value.
Like I said, this isn’t a debate. It’s just you refusing reality.
Those studied specify bitcoin, but they talk about it as the tech it is. Some memecoins have stock sure, but the most stable and valuable is bitcoin. Why? Because most of it is being actively used for criminal enterprises.
There wouldn’t be any value in bitcoin without drug markets. That’s the point. The only reason some wannabe 20’s think it’s to “store value” is because they can’t afford any of the things which actual investors invest in.
You demand proof from me, yet you don’t even offer a rationale to your delusions. Quite hypocritical, no?
I’d say it’s closer to 99.9%, and that’s a conservative estimate, in line with data. Where’s yours?
Like some whiny kid said a few comments ago: “source?”
I’d say it’s closer to 99.9%, and that’s a conservative estimate, in line with data.
Also you’ve failed to cite anything that even points to a ballpark percentage. Which data specifically points to ~100% of Bitcoin transactions being used to directly fund illegal activities?
You ve literally no proof for yourself delusions about it being a “store for value”, but I’ve showered you with europol and other statistics showing that TRILLIONS are being used in criminal enterprises.
Do you know how large a number a trillion is?
Just because there are some barely valuable pump and dump meme coins doesn’t make my original assertion any lesser correct. Having a few hundred million worth is nothing compared to the TRILLIONS in drug money.
And like I said, it’s inherently impossible to quantify a BLACK MARKET, so the data we have is only showing a miniscule proportion of the actual illegal trades and even the best estimates are shown to be extremely conservative.
"Another online survey, based on a convenience sample of more than 100,000 participants in 35 countries worldwide, suggested that the proportion of Internet-using drug consumers who had purchased drugs on the dark web in the previous 12 months had more than doubled between 2014 and 2022, from 4.7 to 10.8 per cent.19 Although plausible, these findings should be interpreted with caution, because they are not based on representative global samples but on convenience samples that are characterized by an overrepresentation of Internet users in Europe, the Americas and Oceania.
Overlap that with the value of bitcoin. When was it’s sharpest rise again?
Oh my. Looks like reality keeps differing with your delusions, mister “I-won’t-accept-being-wrong-no-no-no”
Well yes. That’s the point. You can bank in anything that you can rely on, and you can rely on drug markets making money. “A store of value” is nothing but an investment. And the only reason it became actually reliable and profitable to invest in Bitcoin is because of the drug markets.
You’re pretending like you can’t infer things. Like people can’t infer things. Do you know what that word means?
Again, we’re talking exclusively about Bitcoin.
And had you bothered to read the studies, you’d notice the specify they do as well.
I can face reality just fine, you just can’t seem to prove your claim.
Well not to a person who can’t face reality, no. Obviously since you can’t face reality, you’ll decry anything as “not sufficient evidence”, because your ego is just too weak for you to ever admit to having been wrong.
Show me proof that I’m wrong. Oh, wait, you can’t, because I’m right and I’ve proved that and if you research the subject you’ll find nothing but data agreeing with me and disagreeing with you.
Well yes. That’s the point. You can bank in anything that you can rely on, and you can rely on drug markets making money. “A store of value” is nothing but an investment. And the only reason it became actually reliable and profitable to invest in Bitcoin is because of the drug markets.
So we agree, it’s a store of value.
And had you bothered to read the studies, you’d notice the specify they do as well.
Was in reference to you bringing up pump and dump memecoins. That’s why I quoted that part…
Well not to a person who can’t face reality, no.
What reality have I not faced?
Show me proof that I’m wrong.
That’s not how that works, and you know that. I also never said you were wrong about anything except Bitcoin not being a store of value, which you agree that it is. So not sure what you’re even looking for…
Much in the same way that any blunt object is a hammer? Yeah, sure. But if you go around calling wrenches “hammers”, just because you can hammer things with them, people are gonna look at you as if you were… eh… “special.”
Was in reference to you bringing up pump and dump memecoins. That’s why I quoted that part…
Those are still a marginal proportion of the trade. A hundred million is 0.01% of a trillion, as I’m sure you weren’t aware. Some meme coins being pumped and dumped IS the >0.01% I was talking about.
That’s not how that works, and you know that. I also never said you were wrong about anything except Bitcoin not being a store of value, which you agree that it is. So not sure what you’re even looking for…
Yes, it is, because you refuse to acknowledge any data or any information we can infer from the data. Oh right, sorry, you don’t understand the word. It means deduce or conclude (something) from evidence and reasoning rather than from explicit statements.
No you haven’t.
Yes, I have.
Then present it.
I already have, and you’ve the whole internet to research data or information supporting your delusions. Which you don’t have and NEVER WILL. You know, because they’re delusions.
The “investing” in cryptos is a tiny tiny tiny tiny tiny, but vocal internet population.
The drug trade however, is literally global and like a third of the entire world take part in it in one way or another. Usually by being the consumers of drugs or by supporting the trade indirectly.
Like we’ve stats that about 1% of the global population has an actual drug dependency. But if we’re talking just casual use randomly,
It’s right there, black-on-white, just the synthetic drug trade is in the trillions.
It doesn’t matter what you think, if you use Bitcoin as a “store of value”, you’re indirectly supporting drug cartels because of your delusions and willfull ignorance.
You ve literally no proof for yourself delusions about it being a “store for value”, but I’ve showered you with europol and other statistics showing that TRILLIONS are being used in criminal enterprises.
Do you know how large a number a trillion is?
Just because there are some barely valuable pump and dump meme coins doesn’t make my original assertion any lesser correct. Having a few hundred million worth is nothing compared to the TRILLIONS in drug money.
And like I said, it’s inherently impossible to quantify a BLACK MARKET, so the data we have is only showing a miniscule proportion of the actual illegal trades and even the best estimates are shown to be extremely conservative.
"Another online survey, based on a convenience sample of more than 100,000 participants in 35 countries worldwide, suggested that the proportion of Internet-using drug consumers who had purchased drugs on the dark web in the previous 12 months had more than doubled between 2014 and 2022, from 4.7 to 10.8 per cent.19 Although plausible, these findings should be interpreted with caution, because they are not based on representative global samples but on convenience samples that are characterized by an overrepresentation of Internet users in Europe, the Americas and Oceania.
Overlap that with the value of bitcoin. When was it’s sharpest rise again?
Oh my. Looks like reality keeps differing with your delusions, mister “I-won’t-accept-being-wrong-no-no-no”
No, based on actual data available.
We only have data for busted markets, which is only a miniscule proportion of the trade being done, yet it still far outweighs any transactions used for legal purposes. Even when stores like growstores accept bitcoin and growers sometimes use their profits (made illegally, from several illegal transactions) to do one transaction which is for legal grow shit. The amount they’ll make off that gear will be far greater than the it’s cost.
This isn’t a debate. This is you just refusing to accept reality.
https://syntheticdrugs.unodc.org/syntheticdrugs/en/cybercrime/onlinetrafficking/payment/index.html
https://www.europol.europa.eu/cms/sites/default/files/documents/Europol Spotlight - Cryptocurrencies - Tracing the evolution of criminal finances.pdf
It’s impossible to have specific numbers of a black market, in case you want something even more specific, but despite not being able to pin down specific numbers, it’s obvious.
First of all, we aren’t talking about cryptocurrency, we’re talking about Bitcoin.
Secondly, like I already said, it’s irrelevant. Bitcoin is for storing value.
Edit: To put it another way, let’s say >51% of Bitcoin transactions are used to facilitate illegal activities – so what?
Like I said, this isn’t a debate. It’s just you refusing reality.
Those studied specify bitcoin, but they talk about it as the tech it is. Some memecoins have stock sure, but the most stable and valuable is bitcoin. Why? Because most of it is being actively used for criminal enterprises.
There wouldn’t be any value in bitcoin without drug markets. That’s the point. The only reason some wannabe 20’s think it’s to “store value” is because they can’t afford any of the things which actual investors invest in.
You demand proof from me, yet you don’t even offer a rationale to your delusions. Quite hypocritical, no?
I’d say it’s closer to 99.9%, and that’s a conservative estimate, in line with data. Where’s yours?
Like some whiny kid said a few comments ago: “source?”
Also you’ve failed to cite anything that even points to a ballpark percentage. Which data specifically points to ~100% of Bitcoin transactions being used to directly fund illegal activities?
You ve literally no proof for yourself delusions about it being a “store for value”, but I’ve showered you with europol and other statistics showing that TRILLIONS are being used in criminal enterprises.
Do you know how large a number a trillion is?
Just because there are some barely valuable pump and dump meme coins doesn’t make my original assertion any lesser correct. Having a few hundred million worth is nothing compared to the TRILLIONS in drug money.
And like I said, it’s inherently impossible to quantify a BLACK MARKET, so the data we have is only showing a miniscule proportion of the actual illegal trades and even the best estimates are shown to be extremely conservative.
You just can’t face reality.
https://www.drugpolicyfacts.org/node/4383
Overlap that with the value of bitcoin. When was it’s sharpest rise again?
Oh my. Looks like reality keeps differing with your delusions, mister “I-won’t-accept-being-wrong-no-no-no”
You haven’t even argued that it isn’t a store of value… Only that it’s propped up by illegal activity.
Trillions of USD, not trillions of Bitcoins.
Again, we’re talking exclusively about Bitcoin.
I can face reality just fine, you just can’t seem to prove your claim.
Also not sure why you keep trying to, because again it’s irrelevant
Well yes. That’s the point. You can bank in anything that you can rely on, and you can rely on drug markets making money. “A store of value” is nothing but an investment. And the only reason it became actually reliable and profitable to invest in Bitcoin is because of the drug markets.
You’re pretending like you can’t infer things. Like people can’t infer things. Do you know what that word means?
And had you bothered to read the studies, you’d notice the specify they do as well.
Well not to a person who can’t face reality, no. Obviously since you can’t face reality, you’ll decry anything as “not sufficient evidence”, because your ego is just too weak for you to ever admit to having been wrong.
Show me proof that I’m wrong. Oh, wait, you can’t, because I’m right and I’ve proved that and if you research the subject you’ll find nothing but data agreeing with me and disagreeing with you.
So we agree, it’s a store of value.
Was in reference to you bringing up pump and dump memecoins. That’s why I quoted that part…
What reality have I not faced?
That’s not how that works, and you know that. I also never said you were wrong about anything except Bitcoin not being a store of value, which you agree that it is. So not sure what you’re even looking for…
No you haven’t.
Then present it.
Disagreeing with me about what…?
Much in the same way that any blunt object is a hammer? Yeah, sure. But if you go around calling wrenches “hammers”, just because you can hammer things with them, people are gonna look at you as if you were… eh… “special.”
Those are still a marginal proportion of the trade. A hundred million is 0.01% of a trillion, as I’m sure you weren’t aware. Some meme coins being pumped and dumped IS the >0.01% I was talking about.
Yes, it is, because you refuse to acknowledge any data or any information we can infer from the data. Oh right, sorry, you don’t understand the word. It means deduce or conclude (something) from evidence and reasoning rather than from explicit statements.
Yes, I have.
I already have, and you’ve the whole internet to research data or information supporting your delusions. Which you don’t have and NEVER WILL. You know, because they’re delusions.
What claim did I make that you want a source for…?
“It’s used as a store of value.”
No-one agrees.
The “investing” in cryptos is a tiny tiny tiny tiny tiny, but vocal internet population.
The drug trade however, is literally global and like a third of the entire world take part in it in one way or another. Usually by being the consumers of drugs or by supporting the trade indirectly.
Like we’ve stats that about 1% of the global population has an actual drug dependency. But if we’re talking just casual use randomly,
It’s right there, black-on-white, just the synthetic drug trade is in the trillions.
It doesn’t matter what you think, if you use Bitcoin as a “store of value”, you’re indirectly supporting drug cartels because of your delusions and willfull ignorance.
Its a fact.
There it is. Yawn.
You ve literally no proof for yourself delusions about it being a “store for value”, but I’ve showered you with europol and other statistics showing that TRILLIONS are being used in criminal enterprises.
Do you know how large a number a trillion is?
Just because there are some barely valuable pump and dump meme coins doesn’t make my original assertion any lesser correct. Having a few hundred million worth is nothing compared to the TRILLIONS in drug money.
And like I said, it’s inherently impossible to quantify a BLACK MARKET, so the data we have is only showing a miniscule proportion of the actual illegal trades and even the best estimates are shown to be extremely conservative.
You just can’t face reality.
https://www.drugpolicyfacts.org/node/4383
Overlap that with the value of bitcoin. When was it’s sharpest rise again?
Oh my. Looks like reality keeps differing with your delusions, mister “I-won’t-accept-being-wrong-no-no-no”