| phaz0rz | 03-13-2020 01:44 PM |
Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !
Quote:
Originally Posted by slokor
(Post 1076922)
So the only use for crypto is to finance drug transactions? I guess those cannot be facilitated in any other way (such as cash).
Maybe watch the Netflix show Narcos and see how things were done before crypto - and in what volume.
And maybe get a bit more educated on crypto in general before writing such nonsense.
| lol, it's not nonsense. The majority of bitcoin moving revolves around drugs. Do you have any idea how hard it is to buy large quantities of drugs with cash? KYC, SAR's, CTR's, WU banning you, USPS seizing your cash.. the possible problems are endless. Crypto has eliminated all of those issues for the drug industry. There are over a half dozen dark net markets active currently, with the largest grossing tens of millions of $'s in global sales weekly.. almost exclusively in bitcoin (they allow monero too, I think). I doubt whatever you're taking in selling eBay accounts comes anywhere close to the volume of bitcoin moving every week for illicit something or another.
Hundreds of pounds of Cannabis are flowing out of California to the rest of the country every single day and it's all funded by bitcoin. I don't need to watch bullsh!t shows on Netflix to get an understanding of how the modern drug trade works. | 
