Bitcoin is largely controlled by a small group of investors and miners, study finds

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fps4ever

Posts: 758   +1,003
I understand exactly what regulation is. Criminal activity? Like extorting a large amount of the economy for the personal gain of the wealthy? Only reason it's not criminal is because of who makes the rules.

You can steal billions from workers (wage theft, underpayment and blackmail to not report it like losing your job) and get a slap on the wrist but a worker steals a snickers from 7Eleven and gets time.

I still don't think you do because your previous post was inferring that regulation included dispersing wealth. And you again you use the false equivalence of regulated vs. non regulated. That just regurgitating the "whataboutism" argument.
 

Squid Surprise

Posts: 4,449   +3,780
LOL that is not evidence that is a blurb piece on an unknown website, and the links go back to its own website. And researching Messari it was done by a pro crypto group. Yeah no. How do you come up with that argument in the first place if they are not regulated or legally obliged to report anything?

Lol... I welcome you to disprove it...

Here's more evidence for ya :)

 

fps4ever

Posts: 758   +1,003
Lol... I welcome you to disprove it...

Here's more evidence for ya :)


You mean the below party that Forbes probably never researched on the accuracy by a pro crypto group? They take a lot of leeway in assumptions and it seems to be an opinion piece, not hard facts. Again, with not being regulated how can you know. Sorry not buying it.

The majority of cryptocurrency is not used for criminal activity. According to an excerpt from Chainalysis’ 2021 report, in 2019, criminal activity represented 2.1% of all cryptocurrency transaction volume (roughly $21.4 billion worth of transfers). In 2020, the criminal share of all cryptocurrency activity fell to just 0.34% ($10.0 billion in transaction volume).
 

Squid Surprise

Posts: 4,449   +3,780
You mean the below party that Forbes probably never researched on the accuracy by a pro crypto group? They take a lot of leeway in assumptions and it seems to be an opinion piece, not hard facts. Again, with not being regulated how can you know. Sorry not buying it.
I see... so you won’t accept any info that you don’t agree with.. again, YOU made the allegation - so feel free to provide your own data that proves your point.
 

fps4ever

Posts: 758   +1,003
I see... so you won’t accept any info that you don’t agree with.. again, YOU made the allegation - so feel free to provide your own data that proves your point.

No, I never made any such claims you did. I pointed out how its not regulated like fiat currencies. Which is a fact. I don't want click bait, opinions or biased studies. I want 3rd party reputable corroborated facts. Since its not regulated at all you can't with accuracy. Prove me wrong, I'll wait.
 

Squid Surprise

Posts: 4,449   +3,780
No, I never made any such claims you did. I pointed out how its not regulated like fiat currencies. Which is a fact. I don't want click bait, opinions or biased studies. I want 3rd party reputable corroborated facts. Since its not regulated at all you can't with accuracy. Prove me wrong, I'll wait.
I asked you to prove that Bitcoin has more illegal activity than any other currency (specifically the US dollar as I assume you live there)... you replied by asking me to prove it doesn't... I have... you have chosen to disregard my evidence (here's more: https://bitcoinist.com/the-dollar-far-outstrips-cryptocurrency-in-illicit-activity-spending/)...

So... feel free to provide some of your own...
 

fps4ever

Posts: 758   +1,003
I asked you to prove that Bitcoin has more illegal activity than any other currency (specifically the US dollar as I assume you live there)... you replied by asking me to prove it doesn't... I have... you have chosen to disregard my evidence (here's more: https://bitcoinist.com/the-dollar-far-outstrips-cryptocurrency-in-illicit-activity-spending/)...

So... feel free to provide some of your own...

Oh look, another "bitcoin" website...ooffda. Not clicking on that. I think we've established you have been providing nothing biases websites and no actual proof. You can ask but I never made that actual claim so it won't be answered. That's all in your head as in the last thread you put words in my mouth.
 

Squid Surprise

Posts: 4,449   +3,780
Oh look, another "bitcoin" website...ooffda. Not clicking on that. I think we've established you have been providing nothing biases websites and no actual proof. You can ask but I never made that actual claim so it won't be answered. That's all in your head as in the last thread you put words in my mouth.
lol... so you didn't bother to read it... then I'll just assume you agree with me - until you PROVE otherwise...
 

fps4ever

Posts: 758   +1,003
lol... so you didn't bother to read it... then I'll just assume you agree with me - until you PROVE otherwise...
An article from "bitcoinist.com". That is not proof, just biased reporting. A US Senate Judiciary committee, really? You mean a group of lying democratic/repub senators with no numbers to back it up because there is no tracking or regulation for crypto. I've never seen a political committee lately provide any benefit other than to point fingers and try and oust people. They are anything but professional. Still waiting for actual proof you can't provide.

PS: I bet half of that committee doesn't understood crypto or what its used for.
 
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Alfatawi Mendel

Posts: 153   +241
ICOs can be used as a vehicle for ponzi schemes, but that doesn't mean all cryptocurrencies are inherently a ponzi scheme. Ponzi schemes are run by people or centrally controlled entities. It is therefore logically and categorically impossible for a "decentralized ponzi scheme" to exist. Ipso facto, bitcoin is not a ponzi scheme, though there are certainly ponzi schemes that could involve bitcoin.

Calling bitcoin a ponzi scheme is as factually inaccurate as calling it ransomware.
I think you have a problem with recognising what is 'decentralised', and what is not. Or did you think the same people who own the Central Banks would allow a rival system to control currency supply?
 

Squid Surprise

Posts: 4,449   +3,780
An article from "bitcoinist.com". That is not proof, just biased reporting. A US Senate Judiciary committee, really? You mean a group of lying democratic/repub senators with no numbers to back it up because there is no tracking or regulation for crypto. I've never seen a political committee lately provide any benefit other than to point fingers and try and oust people. They are anything but professional. Still waiting for actual proof you can't provide.

PS: I bet half of that committee doesn't understood crypto or what its used for.
So you won't accept an actual Senate Committee report... fine... once again... feel free to provide your own evidence... otherwise... you really don't have an argument here...
 

fps4ever

Posts: 758   +1,003
So you won't accept an actual Senate Committee report... fine... once again... feel free to provide your own evidence... otherwise... you really don't have an argument here...

I don't have to, I never claimed it was more or less. I just don't see any hard evidence its less presented in those links. I think we can agree Senate committees are pretty worthless except meeting their own agendas. I wouldn't trust them and agree its sunny outside even if its true and they came to that conclusion in a report. We can keep going until our posts are deleted if you like.
 
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