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Comment by jandrese

In practice there are only a handful of reasons people actually get into crypto:

  1. Speculation
  2. Purchasing illicit items/services
  3. Payment for ransom
  4. Money laundering
  5. Tax evasion
  6. Ideological 
All of the other reasons barely register. One thing you may note about the list is how many are crimes or are crime adjacent. Even the honest speculators are living in a world that promises unreasonably high returns funded by the criminal activities of the rest of the items. You're probably saying "but ideological reasons doesn't necessary mean crimes", but when you ask them what those ideological reasons are they pretty much always boil down to not paying taxes or evading law enforcement for reasons they don't want to explicitly state.
parent jandrese 3 years ago

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