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by fennecfoxen 1640 days ago
> For the past decade we've found out -- annually -- that internationally regulated financial provider X/Y/Z is banking narco terrorists, or sheltering funds for politicians, or being the final off-ramp for ransomware.

A scandal, to be sure! You have, indeed, identified the mote of dust in your brothers' eye. But while it's certainly bigger in absolute terms, you should try it as a percentage of transaction volume. The only reason that crypto doesn't blow it totally out of the water on crime volume is that crypto remains obscure, only marginally relevant to the real world.

It's like telling me that there's more crime total in the US than there is in Haiti. It's technically true — and yet, Haiti is much dangerous.