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> But ransomware! Oh man, that's nowhere near as easy nor as profitable without a high-value cruptocurrency. If the crypto crash ALSO took out ransomware develo
by palebluedot 8y ago
> But ransomware! Oh man, that's nowhere near as easy nor as profitable without a high-value cruptocurrency. If the crypto crash ALSO took out ransomware developers, that's two birds with one stone, as far as I'm concerned.
That'd be great, but so long as there is some nominal value in cash to some cryptocurrency, wouldn't ransomware just ask for the same amount of underlying money? That is, just increase the number of coins required for ransom? The big benefit in cryptocoins for ransomware isn't the increasing value, but the fact there is no intermediary that can turn off accounts or rollback transactions.
- intrasight 8y agoI guess that's true, as there's no alternative means of getting paid. But the downward spiral in price perhaps make ransomware a less attractive occupation now.
- lozaning 8y agoThe downward spiral in price will only result in you having to buy more units of currency to pay the same dollar amount of ransom. It's the same with the dark markets. It's not like dealers are suddenly going to charge less money for drugs now just because the intermediary transaction currency is worth less.