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this post was submitted on 20 May 2024
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Yeah, that headline is very misleading. Crypto(graphy) is essential for the digital world to exist whereas the other stuff is a pyramid & money laundering scheme.
It's not "misleading," because the vast majority of people understand what the current colloquial use of crypto is.
Not the nerds on Lemmy.
A certain irony in a synonym for "secret" being a term everyone's implicitly familiar with.
It’s useful for buying drugs online on the dark web so I for one like it
my man
All the fentanyl you can snort.
Which market are people using nowadays? I haven't kept up to speed over the last few years.
"Have you invested in crypto?"
Do you think anyone anywhere will misunderstand this as investing in cryptographic research/development?
The mainstream usage of the word isn't always aligned with what is good for society or even the original usage of the word.
I guess I'm getting old then 😜
So the equivalent of the population of the United States plus 40% are money-londerers. Because somewhere between five and seven percent of the world's population uses cryptocurrency and that's 400 million to 550 million people.
I doubt it
That's functionally the nut of it. People in countries that lack a traditional western banking sector but enjoy internet access can piggyback on the network of banks with crypto-interfaces. This is more a consequence of the unregulated wing of the financial sector than an raw utility of cryptocurrency itself.
If WellsFargo won't ratify me as a client, but Coinbase will, I'm stuck dealing in bitcoin simply because I can't get a credit card denominated in USD.
https://www.statista.com/statistics/1202503/global-cryptocurrency-user-base/
This is more Australia-focused, but https://www.forbes.com/advisor/au/investing/cryptocurrency/cryptocurrency-statistics/
https://www.bankrate.com/investing/cryptocurrency-statistics/
No some of them are the marks.
But if we want to play bad faith statistics games then 5% is roughly the percent of Americans who have gone to prison.