Hacker News Reader

> I wonder what the overall percentage of crypto transactions are for scams? 50%? more?

Less than 5% according to the companies like Chainalysis who have a vested interest in making crypto seem dangerous so they can hock their product (analysis tools) to law enforcement.

So not “50% or more” lol

Subtract "investment transactions", now try. Probably moves to 90%.

https://www.web3isgoinggreat.com/

+1

Money is (almost)* never sucked out of the economy with crypto, real or not because with every transaction, money comes out from the seller’s side. Same goes for real estate, stocks, and commodities.

*Exceptions:

-Broken stablecoin smart contacts or stablecoin wallets with lost private keys.

-Many bonds, for example: I-Bonds.