this post was submitted on 22 Mar 2025
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U.S. Government Removes Tornado Cash Sanctions (www.coindesk.com)
submitted 6 months ago by jandoenermann@feddit.org to c/technology@lemmy.world
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[–] Alphane_Moon@lemmy.world 0 points 6 months ago* (last edited 6 months ago) (1 children)

Do you have any evidence to back this up?

It's reasonable to assume that the vast majority of their throughput is used for crime.

The overwhelming majority of people do not leverage crypto in any way. Even crypto scam promoters almost exclusively focus on speculation and do not use crypto as money.

And you do not need the payment for your order of bell peppers and toilet paper to be private. Let's be real here.

Over the 15+ years that we've had crypto, there have been only two viable uses. All others have failed:

  1. Criminal activity (including brutal stuff like enabling NK/Russia and drug cartels)
  2. Financial speculation (in of itself often a malicious activity where the goal is to dump your worthless bags on a mark)
[–] Saik0Shinigami@lemmy.saik0.com 1 points 6 months ago

Over the 15+ years that we’ve had crypto, there have been only two viable uses. All others have failed:

Criminal activity (including brutal stuff like enabling NK/Russia and drug cartels)
Financial speculation (in of itself often a malicious activity where the goal is to dump your worthless bags on a mark)

Huh, Weird... Every use I've ever used crypto for doesn't fall into these two categories. So I guess your assumptions and thus everything you based your logic/responses on must be faulty and incorrect.

I use Crypto much like I use my second language/citizenship. Rarely... However, that doesn't mean I don't use it legally. And simply holding onto the crypto != financial speculation. Nobody treats a savings account as "financial speculation".

I've paid for plenty of things from my crypto wallets. Ranging from several to thousands of dollars.

And yes, I would like my payment for toilet paper and bell peppers to be private. Strictly for the fact that I don't want Mega-corpo stores to be able to track and advertise to me based on my payment method. "Club cards" to advertise/track you are a thing. Large chains can do this same thing with payment methods details. So yes, being "real" here, I not only require it, but demand it.

Your premise is bad. And based on your other responses you don't care to address it at all.