>The profit from the crypto that they stole or received as ransom payment. I thought that was very clearly implied.
Tornado Cash is not the only way to launder ransom payments, so wrong again.
>That addresses one of the two problems with paying with BTC, remaining worse than tradfi payments.
Worse for some conditions, and not for others.
>That's nice that you trust the vendor, but fraud costs are about whether vendor trusts you. If you pay them in stolen goods, those will be seized, and the vendor will be out bullion plus transaction costs.
The vendor chose to charge me a lower fee for crypto than for credit. Perhaps the vendor failed to charge the appropriate amount to cover their fraud risk, but nevertheless in the transaction I found crypto advantageous. If you think they're wrong, feel free to offer your consulting services to APMEX and your expertise on selling bullion.
Tornado Cash is not the only way to launder ransom payments, so wrong again.
>That addresses one of the two problems with paying with BTC, remaining worse than tradfi payments.
Worse for some conditions, and not for others.
>That's nice that you trust the vendor, but fraud costs are about whether vendor trusts you. If you pay them in stolen goods, those will be seized, and the vendor will be out bullion plus transaction costs.
The vendor chose to charge me a lower fee for crypto than for credit. Perhaps the vendor failed to charge the appropriate amount to cover their fraud risk, but nevertheless in the transaction I found crypto advantageous. If you think they're wrong, feel free to offer your consulting services to APMEX and your expertise on selling bullion.