Listen that's all great in theory, but the vast majority of the actual use is extortions, drug dealing[1], terrorist financing, money laudring and authoritarian regimes evading sanctions.

The only value is that it does not go through banks.

[1] The moral problem with drug dealing is not the drugs, but the fact the people selling them are using that money to perpuate an incredible circle of violence.

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Stagnant a day ago | parent [-]

Would be nice to hear where you are basing the claim 'vast majority', when different chain analysis companies have been pretty consistent in reporting illicit activity to be closer to 1% of total transaction volume [1][2]

1: https://www.trmlabs.com/fr/reports-and-whitepapers/2026-cryp...

2: https://www.chainalysis.com/blog/crypto-drug-sales-darknet-m...

	▲	seabombs a day ago \| parent [-]
		From the TRM methodology: 1. excludes proceeds from crime that originate in fiat and later transfer into crypto 2. exclude transfers to blockchain addresses that have not been attributed to illicit activity 3. excludes laundering of illicit crypto proceeds While this seems reasonable to create a metric to compare YoY, I think it's very flawed to generate an absolute figure of illicit activity (or percentage of transaction volume).