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Your response assumes the only victims are the people holding the bags, but its key feature is that it facilitates organised crime more effectively than anything in history.

Now with that said, someone may respond to mention that it’s key feature is actually [a store of value/decentralised digital money/new gold etc] and that person will be wrong.

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> 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).

https://www.forbes.com/sites/haileylennon/2021/01/19/the-fal...

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