Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Criminals still need to launder money. Suburbanites still need to buy drugs. Cryptocurrencies won't completely disappear.


> Suburbanites still need to buy drugs

Lol, you think these transactions done with crypto? Don't be silly.


You are saying the Silk Road and the numerous clones aren't real?


Silk Road was a drop in the ocean, in total a hundredth of a percent of just the United States' spend on the most popular illicit drugs.

Silk Road … facilitating annual sales estimated at almost $15 million.

https://reason.com/2013/04/09/bitcoin-vs-big-government/

Researchers estimate that from 2006 to 2016, the total amount of money spent by Americans on these four drugs fluctuated between $120 billion and $145 billion each year.

https://www.rand.org/news/press/2019/08/20.html


They are real, but it's much, much easier to venmo/cashapp and get same day 2-hours delivery/pickup. Which is how most of the last mile trade is done.


They comprise a negligible amount of the drug trade. People are more likely to use Venmo than mess around with crypto wallets




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: