1283
Be kind to your elders (lemmy.world)
submitted 4 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works
352 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] sugar_in_your_tea@sh.itjust.works 2 points 4 months ago* (last edited 4 months 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.

[-] Knock_Knock_Lemmy_In@lemmy.world 2 points 4 months ago

Agreed. The upper estimate is that only 5% of money laundering goes through crypto.

[-] sugar_in_your_tea@sh.itjust.works 3 points 4 months ago

If we can somehow kill off the bulk of the pump and dump nonsense and discourage speculation, maybe we can get somewhere with crypto.

[-] Knock_Knock_Lemmy_In@lemmy.world 2 points 4 months ago

First wave was ICOs

Second wave was NFTs

Third wave was (is) memecoins

Are the waves are getting smaller?

[-] sugar_in_your_tea@sh.itjust.works 1 points 4 months ago

Hopefully. It seems like the whole dapps/web 3 thing fizzled, so it's probably not going to be that next.

[-] putainsdetoiles@lemmy.world 1 points 4 months ago

Next wave is real-world asset tokenization. I think we'll see more and more shifts to useful applications as the tech matures.

this post was submitted on 18 Mar 2025
1283 points (97.3% liked)

People Twitter

7843 readers
1614 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works