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by Eisenstein 1129 days ago
Calling people ignorant while giving a barely concealed bitcoin talking point in response to something completely unrelated (you claimed KYC was harder for crypto, but can't explain why it is favored for those looking to avoid it) is not doing your part in a productive conversation.

I would re-evaluate your methods.

1 comments

It's not "favoured". Crypto use is a tiny subset of all financial activity criminal included. "Ignorant" is not intended as an insult, it's merely accurate. You appear not to know some things and I've tried to help with it.

Money laundering alone is estimated in the trillions per year according to the UN. This is significantly greater than the entire value of all privacy coins combined:

https://www.unodc.org/unodc/en/money-laundering/overview.htm...

Eg, even if the entirety of Monero was purchased only for money laundering, it could only account for 0.1-0.2% of the total that occurs. Where is the other 99.8-99.9% being conducted? What systems are "facilitating" that?

Well, everything that isn't crypto... banks, cash, checks, etc.

As I pointed out at the beginning.