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Has BitCoin finally reached equilibrium between malware ransomers selling BitCoins to malware Victims (exchanges mediated) for recycling?
by acveilleux 11y ago
Has BitCoin finally reached equilibrium between malware ransomers selling BitCoins to malware Victims (exchanges mediated) for recycling?
- cb18 11y agoI forgot about that. I was thinking the only (ultimately unsustainable) uses bitcoin had happened upon were buying contraband, and exit scam type swindles, I forgot about extortion. I was thinking these were unsustainable because authorities have made clear their intent to go after the contraband use, and the tendency for the markets themselves to be exit scams. And the swindles seem unsustainable because after awhile all the bitcoins would be concentrated with the swindlers with no one left to swindle. With the extortion though, theoretically the extorters could sell to the extorted. (At least until someone can figure out a better way to dole out system permissions to reduce the feasibility of that cryptolocker bullshit.) For that to be sustainable though, there would have to be some veneer of other legit activity going on in bitcoin, if was just extorters selling directing to the extorted, the extorters would be pretty easy to track down.