Cyrptobro's trying to get me into cryptocurrency with things like "yeah but the price per BTC is suuper low now, just under 20K"
And I'm like "cheap? And where were you when it was still under 9 bucks per coin"
Probaaaabably not even born 
I could never image the prices so to up like this but..
..what more amazes me is all the stupid crypto scams that have been going since 
It's almost like common sense is just thrown out the door and people start believing in magic 
Just because it's happening on the internet with a fancy new technique doesn't mean you can endlessly print money from thin air, it has to come from somewhere
🇳🇱
@stux I made a **lot** of money on crypto.. I invested in ethereum the first day it was released.
Never touched BTC though that one is kinda pointless IMO
@freemo Sure but it has to come from somewhere 😉
@stux That is a fallacy of economics.. wealth is not a fixed quantity, things that provide utility cause wealth to be created (and can also be destroyed)... so no the money doesnt have to "come from somewhere".
@freemo Indeed! And that's why we have money! and that's (mostly) regulated and checked, we may don't like it but the chances of a bank owner just taking off is less likeley
Every fool can start a coin or exchange or crypto bank, gather resources and be gone or whatever with almost no consequences because we lack the rules
With crypto one can get away with a LOT more in comparison to "dollar crime" for example
@stux Yea the fact that you have **privacy** with your money with crypto is a feature not a bug... Crypto is like the firefox/librewolf of money where normal cash is like the microsoft edge/chrome of money.
The problem is cash has rules.. try to take out large chunks or deposit large chunks and any reputable bank must report you. I think thats the crux of the problem.. not the forensics.. just the fact that governments cant control the flow of money anymore at all.
Sure lots of ways you can spend money illicitly... But int he USA the rule is above a certain amount then the transaction must be recorded.
@freemo @stux which only matters when dealing with a law abiding business.
That's why the early 20th Century mobsters were mainly caught on tax evasion rather than most of their other crimes
Because even cash is somewhat traceable if you can get people to testify to transactions
But with cryptocurrency evey transaction is recorded, which makes the flow of money observable and greatly reduces the number of people you need to flip for a successful investigation
Indeed.. the problem is a law abiding business int he usa,a s far as i know, wouldnt need to report crypto transactions in the same way largely because it would be impossible to know if you have one big buyer vs lots of small buyers due to the anonymity.
@freemo @stux the rules only apply when interacting with licensed banks, and vary from country to country
So buying a new car with cash at a major brand dealer in the US would be a problem if you can't back up the source, but there's lots of opportunites for money to flow that don't involve banks at all, and those can't be traced unless someone reports them
Unlike cryptocurrency where every transaction is logged in a permanent record, and all an investigator needs to do is follow the records