You do a ty job of getting people to vote Biden and keep Trump out of office. Guess we both have our cross to bear. But its a little funny seeing you pirate authoritarian talking points and sentiments while claiming to be better than Trump lmao
I dont need to defend my right to use cash, defend my right for privacy. None of that. Thats boot licking from you because as I said, you are ok with Biden and Warrens behaviors that are the same as Trumps because you dont personally care for, understand or like bitcoin.
That tells us who you are.
I asked you for simple but specific links to back up your claims about rhetoric and debunked money laundering amounts.
You couldn't do it and got mad at me for asking.
I don't have a crew here. I actually own a bit of crypto.
I will still wait for you to provide links to the quotes and numbers I asked for. You're really confident in your ability to back up your claims. I'm open to read them. I already have -- they just were not what I asked you to provide.
I don't have a job here. I have described behaviors of bros and other babyish groups.
I didn't make any claims about crypto in this crypto thread. That was you.
If you can't back them up, fine.
People like you or you specifically?
What are you doing right now that would immediately make you an outlaw were it passed?
It is. Illicit activity includes things like money laundering. Again, your own research could have yielded this very easily. I keep up with it closely and follow it all and you clearly dont and just rely on propaganda (which I showed was debunked despite it being used to introduce harmful legislation) from Warren and Biden/Dems.
https://www.cato.org/blog/overstatin...d-sound-policy
When it comes to money laundering specifically, the 2022 Chainalysis report estimates that cybercriminals laundered $8.6 billion in crypto in 2021, judging by funds flowing from illicit crypto addresses. To be clear, Chainalysis has noted that such figures are lower bound estimates and do not include crime that is not native to crypto. But even if Chainalysis’s figures were a significant undercounting (as Senator Warren has suggested), crypto’s use in illicit finance likely still would be a small fraction of the 2.7 percent of global GDP ($2.6 trillion in 2021) that a 2011 United Nations Office on Drugs and Crime report estimates is laundered annually.
For instance, a high estimate of illegal crypto activity in the peer‐reviewed Review of Financial Studies extrapolated based on 2017 data that around $76 billion of illegal activity annually involves Bitcoin. At the time of the study, Bitcoin accounted for about half of total crypto market capitalization. Therefore, even if one made the aggressive (and unlikely to bear out) assumption that the other half of the crypto ecosystem experienced the same degree of illegal activity, this would still make a high‐end estimate of illegal crypto activity approximately $152 billion, or 0.2 percent of contemporaneous global GDP—an order of magnitude smaller than the UN’s estimate of total money laundering around the globe each year.
The Treasury Department’s 2022 National Money Laundering Risk Assessment also supports the idea that crypto is far from money launderers’ primary tool for the job, finding that, although crypto’s use in illicit finance has been increasing over time, its use for money laundering is still “far below that of fiat currency and more traditional methods.”
What does that matter? But let’s say I run a node. That activity, which many normal bitcoin holders do, would be an issue now. Unlike you, I care about right or wrong and even if it’s not me specifically it’s still not ok.
You, authoritarian bootlicker, are fine weaponizing courts and government agencies if it’s something you don’t particularly like.
So instead of the US government's claim that hundreds of millions of dollars worth of crypto are laundered, the amount of crypto being laundered is billions of dollars.
I'm not sure you know how debunking works.
An issue?
What does that mean?
Would just running a node be illegal?
Or would you have to do something like tell a government agency you are indeed running a node?
Same. I described people like you who only go online and gaslight and call people bros and use the same playbook from the same time trump won before and act like it will be any different this time with your collective terrible logic, ty behavior and gaslighting.
“ The Treasury Department’s 2022 National Money Laundering Risk Assessment also supports the idea that crypto is far from money launderers’ primary tool for the job, finding that, although crypto’s use in illicit finance has been increasing over time, its use for money laundering is still “far below that of fiat currency and more traditional methods.”
Address this point which is at the heart of your argument. The numbers used in all forms and individual cases have been largely debunked at every level and the main point is the USD is the main culprit. So please address that first.
Already tried that, hence "I don't see this anywhere." So name one.
Who said this?
DPG your entire argument seems basically like saying "I smoke pot so I'm not voting for any administration that expresses concern about drug cartels." Your iden y is far to wrapped up in the fact you do crypto. It's okay that you do, and it's also okay to acknowledge others use it for bad things.
No. You reinforced the numbers that were listed in the court cases.
You claimed that the numbers in that specific case -- the only case I brought up -- were debunked. I asked you for the revised numbers.
You gave me general comparisons of laundered crypto to the nation's entire GDP.
I mean if people "only" spend $30 billion a year on meth, it's still a ing problem and I still need to sign my name at the pharmacist.
first, thats not "treating you like a criminal." if you had a road with a speed limit of 55 and they want to pass a law lowering it to 45, that doesnt mean they are treating current drivers like criminals.
second, what legislation are they trying to pass that would make the manner in which you use bitcoin a criminal activity?
Yes an issue. It more or less tries to open up the possibility of anyone running a node to be classified as a non licensed money transmitter. It creates all sorts of non sensical impossible to comply with legal issues with the goal of using threat of jail to intimidate people from said activities.
Again a quick Google search will do. I literally posted links as well.
I cited multiple items that illustrate a wide range of rampant lies and misconceptions regarding all the types of data used and the faulty studies and issues. I made my point.No. You reinforced the numbers that were listed in the court cases.
You claimed that the numbers in that specific case -- the only case I brought up -- were debunked. I asked you for the revised numbers.
You gave me general comparisons of laundered crypto to the nation's entire GDP
I mean if people "only" spend $30 billion a year on meth, it's still a ing problem and I still need to sign my name at the pharmacist.
You, if you’re going to make accusations and cite data have the obligation to have done thorough research to make sure the data is accurate.
Already answered and your analogies suck tbh in this regard and don’t at all mirror the gravity of the actions or points.
And saying bitcoin is mainly used by money launderers and terrorists etc alongside trying to pass legislation that would immediately without the ability to correct anything turn you into a criminal is not the same as them changing the speed limit and me being able to slow down and be fully compliant.
The similar analogy would not be them changing the speed limit but saying anyone who has a current license would need a brand new license that’s functionally not attainable by the average person like me.
Maybe I assumed you were talking about elected officials saying it, I didn't realize we were including bank CEOs also. You know the JPMC CEO isn't running for office right?
Address the conclusion please. USD dominates this activities and the numbers used by government officials trying to pass legislation have been clearly lied about and way over exaggeratedNo. You reinforced the numbers that were listed in the court cases.
You claimed that the numbers in that specific case -- the only case I brought up -- were debunked. I asked you for the revised numbers.
You gave me general comparisons of laundered crypto to the nation's entire GDP
I mean if people "only" spend $30 billion a year on meth, it's still a ing problem and I still need to sign my name at the pharmacist.
a) your answer was vaguely that they want to "make open source code illegal"... where are you seeing that?
b) the analogy is fine. the analogy doesnt have to mirror the gravity of the actions or points. the whole points of analogies are that they are similar in some ways to the thing you are describing. here, i'm merely talking about your claim that "they are actively trying to pass legislation that would immediately make people like me criminals if it passed." the analogy i gave is another situation where someone may pass a law that could make what was formerly legal activity now illegal. that doesnt mean they are currently treatming those people like criminals. i dont care if its a felony, misdemeanor, or citation. the degree/severity is not what i care to compare with that analogy
Google Warren, Brad Sherman, Yellen and multiple other elected officials and or government employees. And JPM statements were in a literal senate hearing headed up by Warren to paint crypto in a negative light (using false data fyi)
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