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Randomware doesn’t care about the exchange rate. They just funnel cash through crypto’s because it’s a simple way for them to take digital payment. In the down
by talltimtom 8y ago
Randomware doesn’t care about the exchange rate. They just funnel cash through crypto’s because it’s a simple way for them to take digital payment.
In the down market they can’t cash out as many dollars per bitcoins, but the victims also get way more bitcoin for the same amount of dollars.
A low valuation might affect coinminer malware though.
- justapassenger 8y agoThey need payment providers, that are easy enough for an average joe to use. That may be harder to get
- manigandham 8y agoAre bitcoin payments somehow easy for the average person to use now? Seems unlikely.
- andirk 8y agoLearning how to properly use paper money was something I learnt at age 7. Debit card at age 15. Credit card at age 23. Bitcoin at age 31. Bartering hides with the natives at age 90.
- wpietri 8y agoThey do care, though, that Bitcoin has non-crime use. If the crash means that speculation drops significantly (which I expect to be the case) then it could be a reasonably quick slide to where "bitcoin" in effect means "crime dollars". That in turn means that a lot of exchanges will shut down due to low volume and regulatory pressure. There's little point to using Bitcoin for ransom if your victims have a hard time getting money in and you can't get your ill-gotten gains out.