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I think unfortunately the conclusion reached by the non-Hacker-News world will be "the solution to all of this requires banning Bitcoin". This explosion of ran
by zigzigzag 10y ago
I think unfortunately the conclusion reached by the non-Hacker-News world will be "the solution to all of this requires banning Bitcoin".
This explosion of ransoms is getting nastier and nastier. It appears to have no end. Bitcoin's block chain has been stalled at 1mb blocks for a year now, it isn't adding users and their plans to make it scale aren't implemented. At what point do the political winds shift and the cost/benefit ratio of keeping Bitcoin around, at least in the USA, tips over to cost > benefit?
I don't want to see Bitcoin exchanging sent underground in the west, but it's clear that community has no intention of getting ransomware under control.
- pas 10y agoWhich community? The Bitcoin community? Or the blockchain community? They know that the effectiveness of ransomware is a direct consequence of quasi-instant almost-anoymous money transfer on the internet. And yes, to a degree it's their responsibiltiy too to solve this, but the dominant share of the responsibiltiy is not really on them, it's on the various service providers that don't care about IT security, yet meddle with IT.