The Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 3 days agoBe kind to your elderslemmy.worldimagemessage-square345fedilinkarrow-up11.3K
arrow-up11.3KimageBe kind to your elderslemmy.worldThe Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 3 days agomessage-square345fedilink
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up3·edit-21 day 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-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up3·1 day agoAgreed. The upper estimate is that only 5% of money laundering goes through crypto.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up3·1 day 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-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up2·1 day agoFirst wave was ICOs Second wave was NFTs Third wave was (is) memecoins Are the waves are getting smaller?
minus-squareputainsdetoiles@lemmy.worldlinkfedilinkarrow-up1·1 day agoNext wave is real-world asset tokenization. I think we’ll see more and more shifts to useful applications as the tech matures.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up1·1 day agoHopefully. It seems like the whole dapps/web 3 thing fizzled, so it’s probably not going to be that next.
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?
Next wave is real-world asset tokenization. I think we’ll see more and more shifts to useful applications as the tech matures.
Hopefully. It seems like the whole dapps/web 3 thing fizzled, so it’s probably not going to be that next.