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> Cash is anonymous. Bitcoin is not. There's a non zero chance that your criminal extortion scheme won't end up with bill serial numbers tracked by federal aut
by bb88 7y ago
> Cash is anonymous. Bitcoin is not.
There's a non zero chance that your criminal extortion scheme won't end up with bill serial numbers tracked by federal authorities. Hence that's probably why 97% of ransomware uses BTC.
- mirimir 7y agoThat's quite the endorsement, there. Before Bitcoin, they were using stuff like Walmart giftcards.
- fidelramos 7y ago> Hence that's probably why 97% of ransomware uses BTC. What payment processor would ransomware use? Credit card processors would close their account. Nobody can close your Bitcoin account. That can be used for crime, but also is a legitimate protection against the abuses of governments and banks.
- chrischen 7y agoThat’s why Bitcoin has this legitimate use. No one will service ransomware businesses.
- fidelramos 7y agoAnd as I said that's a consequence of Bitcoin's decentralization and censorship resistance. I think the positive aspects of those features overshadow the negative.