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> Hence that's probably why 97% of ransomware uses BTC. What payment processor would ransomware use? Credit card processors would close their account. Nobody c
by fidelramos 6y 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 6y agoThat’s why Bitcoin has this legitimate use. No one will service ransomware businesses.
- fidelramos 6y 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.