The Picard Maneuver to People [email protected] • 1 month agoBe kind to your elderslemmy.worldimagemessage-square359fedilinkarrow-up11.31K
arrow-up11.31KimageBe kind to your elderslemmy.worldThe Picard Maneuver to People [email protected] • 1 month agomessage-square359fedilink
minus-square@[email protected]linkfedilink3•edit-228 days ago The estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or $800 billion - $2 trillion in current US dollars. Source. If crypto was so great for money laundering and illegal activity, we’d see so much more of it. The number is as high as it is because Bitcoin is super convenient, so people go out of their way to try to make it work.
minus-square@[email protected]linkfedilink3•28 days agoAgreed. The upper estimate is that only 5% of money laundering goes through crypto.
minus-square@[email protected]linkfedilink3•28 days agoIf we can somehow kill off the bulk of the pump and dump nonsense and discourage speculation, maybe we can get somewhere with crypto.
minus-square@[email protected]linkfedilink2•28 days agoFirst wave was ICOs Second wave was NFTs Third wave was (is) memecoins Are the waves are getting smaller?
minus-square@[email protected]linkfedilink1•28 days agoHopefully. It seems like the whole dapps/web 3 thing fizzled, so it’s probably not going to be that next.
minus-square@[email protected]linkfedilink1•28 days agoNext wave is real-world asset tokenization. I think we’ll see more and more shifts to useful applications as the tech matures.
Source.
If crypto was so great for money laundering and illegal activity, we’d see so much more of it. The number is as high as it is because Bitcoin is super convenient, so people go out of their way to try to make it work.
Agreed. The upper estimate is that only 5% of money laundering goes through crypto.
If we can somehow kill off the bulk of the pump and dump nonsense and discourage speculation, maybe we can get somewhere with crypto.
First wave was ICOs
Second wave was NFTs
Third wave was (is) memecoins
Are the waves are getting smaller?
Hopefully. It seems like the whole dapps/web 3 thing fizzled, so it’s probably not going to be that next.
Next wave is real-world asset tokenization. I think we’ll see more and more shifts to useful applications as the tech matures.