For stablecoins, I think normal people dont think thar much about the shadiness but more if it works or not. Tether has been keeping their stablecoin stable for 6+ years, for normal users it looks good for quite wide variery of uses. Of course no one is saving their pension in USDT but there are lots of shorter term use cases.
Probably all wealthy countries are big destinations for dirty money. Wouldnt make sense to bring dirty money to poor country because there it would attract more attention.
Bitcoin is not private and the chain is becoming monitored more and more closely. Every exchange leaves a permanent record. Probably monero will start to fill the gap if cash starts becoming too difficult
Even though taking out a few million dollars in cash is suspicious, withdrawing a few million dollars to a cryptocurrency exchange is even more suspicious.
A cryptocurrency exchange? I know of several that have withdraw limits in the hundreds of thousands per day if you're KYC verified (ie. passport scan + utility bill).
> The fact that Coinbase did a DPO instead of some kind of fancy DeFi-based offering is telling in their potential lack of conviction in the ability to offer public securities at this stage in the game through some of these smart contract based platforms. I'm sure @barmstrong has spent a lot of time thinking of this, I certainly would be if I was him.
I think the reason is very simple. Traditional markets have way more investable capital, which leads to better liquidity and higher price. Yes it is possible to issue an equity token, but credible companies will get better valuation and liquidity from traditional equity markets.
This is definitely the right answer - I am fully aware that this is the case, but I think it's a useful signal that indicates that these alternative capital technologies are not mature, and that instead of everyone trying to tokenize everything for their own business, maybe some rockstar programmers should maybe elect to build out the core infrastructure a bit more first.
The bitcoin blockchain is full of transactions, and lots are probably being made offchain on Lightning Network or on centralized services. Your claim is that all these transactions are for speculation only (which is quite common claim). On what data do you base your claim?
