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Money is the flow of utility (1st derivative). Flow of money is 2nd derivative.

The uses you indicate are probably 10% of the use case, the remaining 90% is money laundering.




I don't think your derivatives are correct.

I'm curious where you get the 90% estimate? In https://news.ycombinator.com/item?id=30446703 I looked at the Chainalysis study at https://blog.chainalysis.com/reports/2022-crypto-crime-repor... (use Reader Mode), in which they found that Russian "illicit and risky" businesses including money laundering accounted for 0.004% of (on-chain) Bitcoin transaction volume. (They included even coins that had been through mixers in their "risky" category, so this is presumably a vast overestimate.)

Where do you think all this money laundering is happening geographically, and why do you think there's so much of it?

Even if it were 90%, I'm not sure why the 10% of users using Bitcoin to do things like keep their savings from being frozen should care about that other 90%. Do you want them to sacrifice themselves and their families to reduce the liquidity available for money laundering by 10%? If 90% of oxygen is consumed by pathogenic bacteria, should you stop consuming oxygen?


Why do you think that it is a 10-90 split like that? I think it's 90-10 the other way. I have no proof but it sounds like you don't either.




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