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> We’d think we finally overcame the attack, to then only be hit again. Here's an interesting difference with digital versus fiat currency. In one you find cou
by matt_wulfeck 11y ago
> We’d think we finally overcame the attack, to then only be hit again.
Here's an interesting difference with digital versus fiat currency. In one you find counterfeiters (if you can) and generally put them in prison, which raises the cost of that business. Is it even illegal to hack Bitcoin?
- pmorici 11y agoIt's illegal to DDOS, commit fraud, steal, etc... One of those laws would apply to anything you might do to 'hack' Bitcoin.
- matt_wulfeck 11y agoI bet you can count on one hand the amount of people ever prosecuted for DDOS. And would a jury convict someone like this of anything other than a slap on the wrist? To people my parents age they think of it like kids playing pranks on each other.
- pmorici 11y agoYou're question was if it was illegal. It pretty clearly is. People are prosecuted and convicted of computer crime on an increasingly frequent basis to think you would be able to get away with disruptive behavior like that in the long term because you think common people don't view it as real crime is naive. I also see no evidence this is true.
- pyre 11y agoThere's a question of intent though. If someone hits bitcoin with a DDOS with the intent of extracting money out of the system, I'm pretty sure that a jury would decide that this was stealing/fraud/etc. regardless of the method.