Mate youve just called me clueless and suggested its very easy to track transactions made on the dark web.
I mean theres nothing else to say here.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Crypto currency (IF banned from CA)
- Thread starter YoboCopter
- Start date
I mean theres nothing else to say here.
The Gueye Science
Player Valuation: £500k
Only, if I'd invested my Dollar in HEX in November, when the Fed announced it was going to start raising interest rates in response to inflation, it would now only be worth about 20 cents. That will buy me around 80% less ice cream than my dollar bill.
It doesn't seem like a very good store of value or a very good hedge against inflation.
So, what is it for?
Last edited:
- Transnational criminal organizations have adopted cryptocurrencies. Mexican and Colombian drug cartels have turned to cryptocurrency to make fast, pseudonymous payments, as have traffickers smuggling cocaine from South America through Europe and the Balkans. Furthermore, the authors of the 2021 Trafficking in Persons report noted that authorities have observed human trafficking networks increasingly using cryptocurrency to launder the proceeds of their crimes.
- As credit card processors have shied away from certain services, websites linked to the commercial sex market, which can facilitate human trafficking, are increasingly accepting cryptocurrency. The authors of a February 2022 Government Accountability Office study found that of 27 of these websites, 15 accepted cryptocurrencies. The Polaris Project, an NGO that works to combat and prevent human trafficking, found that some platforms offer discounted rates to customers who pay with cryptocurrency.
- Cryptocurrency ATMs, a valuable tool for cross-border remittances and payments, may play a role in both human and drug trafficking. In several ongoing and since-closed cases, trafficking suspects have leveraged high-risk crypto ATMs to make payments, procure false identity documents, and launder money. According to Chainalysis data, crypto ATMs on the I-10 corridor near the southern border of the United States also receive a higher share of USD than other regions, and users along the corridor transact with crypto ATMs at higher rates.
DuuuncanHadaPigeon
Player Valuation: £10m
You said the whole point of crypto is that it goes under the radar and leaves no trail. That is nearly as wrong as you could be as the blockchain is a PUBLIC LEDGER.
I said, it is trivially easy to see how much goes in and out of a dark web marketplace or any BTC address for that matter. The point of the dark web isn't to obfuscate crypto transactions but to hide your IP address, that is what the TOR network is for, all these darkweb marketplaces still use a public ledger to buy and sell things.
If you know the wallet address of a marketplace or an exchange or an individual, you can very easily see how much has gone through that wallet.
DuuuncanHadaPigeon
Player Valuation: £10m
the FBI managed to seize 3.6 billion worth of crypto, how though?? it goes under the radar and leaves no trail??
Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency
Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion. Thus far, law enforcement has seized over $3.6 billion in...
You dont understand mate, its ok.the FBI managed to seize 3.6 billion worth of crypto, how though?? it goes under the radar and leaves no trail??
Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency
Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion. Thus far, law enforcement has seized over $3.6 billion in...www.justice.gov
I mean if they are catching 3.6billion, how much ARENT they catching?
But its ok, you know better than everybody.
DuuuncanHadaPigeon
Player Valuation: £10m
DuuuncanHadaPigeon
Player Valuation: £10m
No I understand perfectly mate, you clearly don't understand how any of this works. It was you that said it 'goes under the radar and leaves no trail' which is demonstrably false.
Why don't you read the article I posted, this company analyses the blockchain for a living and tracks illicit money
Crypto Crime Trends for 2022: Illicit Transaction Activity Reaches All-Time High in Value, All-Time Low in Share of All Cryptocurrency Activity - Chainalysis
Did you know Cryptocurrency-based crime hit a high in 2021, with illicit addresses receiving $14 bn? Read a preview of the Chainalysis 2022 Crypto Crime Report.
How about this article about how HSBC discovered a £3bn money laundering network - https://www.theguardian.com/busines...osure-of-alleged-money-laundering-to-monitors
That is one bank... how much aren't they catching?
So the FBI/Interpol is tracking it all and just allowing it to happen?No I understand perfectly mate, you clearly don't understand how any of this works. It was you that said it 'goes under the radar and leaves no trail' which is demonstrably false.
Why don't you read the article I posted, this company analyses the blockchain for a living and tracks illicit money
Crypto Crime Trends for 2022: Illicit Transaction Activity Reaches All-Time High in Value, All-Time Low in Share of All Cryptocurrency Activity - Chainalysis
Did you know Cryptocurrency-based crime hit a high in 2021, with illicit addresses receiving $14 bn? Read a preview of the Chainalysis 2022 Crypto Crime Report.blog.chainalysis.com
How about this article about how HSBC discovered a £3bn money laundering network - https://www.theguardian.com/busines...osure-of-alleged-money-laundering-to-monitors
That is one bank... how much aren't they catching?
The Gueye Science
Player Valuation: £500k
It would seem that it does suggest that HEX is a hedge against inflation: "How do I explain HEX to a five year old? So you know those dollar bills, right? You can buy cool things like ice cream with them. Let's say that one cup of ice cream costs $1. Some very powerful people decided that they want to print a lot more dollar bills. They call it "inflation" and you can not do anything to stop it. So now there are twice as many and a single bill is worth only half as much. Now you need $2 to buy your ice cream. To make sure you can buy enough ice cream in the future you should invest your dollar."
Doesn't that suggest that it is a hedge against inflation, since the use case they provide specifically refers to inflation?
Elsewhere on the website you shared it says: "HEX was desgined [sic] to be a Store of Value".
But you are saying that that's wrong and that it's purely speculative? It isn't a currency and doesn't entitle you to a guaranteed return with interest, or a share of future profits in the form of dividends? You just depend on more and more people buying it even though it doesn't otherwise do anything?
DuuuncanHadaPigeon
Player Valuation: £10m
No as the previous link I posted shows they seize a lot of crypto
They seize a lot of drugs as well mate.
But the world is still full of them.
Encrochat network is just a drop in the ocean.
DuuuncanHadaPigeon
Player Valuation: £10m
It depends how selective you want to be of your time frame. If you invested $1 when it launched it would be a good hedge, if you invested $1 when the fed increased rates it would be a bad hedge.
It can be designed to be something and fail in that endeavour, just like Bitcoin was designed to be P2P digital cash and failed also.
Typically there has only ever been two real actual use cases for crypto and they are, store of value and speculation. In both those cases the only thing that matters is, price go up.
Crypto is just a slow, expensive database. One of its only real useful features is censorship resistance, which I personally place a lot of value in.
DuuuncanHadaPigeon
Player Valuation: £10m
I agree but don't know what point you are trying to make
That crypto is heavily used in the child trafficking and drug trade.