After long soul-searching, crypto has settled on two strong use cases:
1) unregulated gambling (a.k.a. "prediction markets"),
2) funding North Korea.
Heartening to see the beautiful web3 vision come alive.
North korea has enough cars for a traffic jam so that's definitely a win for the people's democratic republic of Korea, the only korea to exist.
all this time people said it was useless ... just shows what they know
Hey, you forgot #3:
Selling sanctioned oil to India and buying unguided cruise missiles from Iran, through the Gulf state laundromats.
I have read somewhere that ISIS mostly runs on cryptocurrency now because it's harder to block.
Oh here
> They delve in weapons and human trafficking, sometimes take part in drug smuggling, more and more engage in crypto mining and frauds related to the crypto industry - the whole Islamic State is now operating by crypto, whether it’s various European countries, West or East Africa, Asia, or such weird places like Costa Rica, Brazil or Argentina.
https://saladinaldronni.substack.com/p/recent-islamic-state-...
edit:
but it seems they have mostly moved to Monero
https://gnet-research.org/2025/02/18/combating-islamic-state...
lmao
Supporting poorer countries, can there be a more moral course? /s
That's a good sign of it's resilience if true. Why don't you want a form of money that doesn't require doxxing yourself to a state or bank?
You forgot ransomware