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How are you paying ransom-ware then, if not for crypto-cash?
by yokaze 6y ago
How are you paying ransom-ware then, if not for crypto-cash?
- peteretep 6y agoI haven't checked, but I reckon the asking price for ransomware is figured out in USD and then converted to crypto. Presumably the pricing model is pretty sophisticated for maximising revenue. EDIT: 20s Googling: "(2013) Bitcoin instability over the past few months has prompted CryptoLocker's masterminds to reduce the ransom to 1 BTC, 0.5 BTC, and then to where it is currently: 0.3 BTC."
- yokaze 6y agoYes, the price is not hard fixed in Bitcoin, largely because it is not really a habitual currency, so any fluctuation will directly impact the actual asking price for everyone. But still, the asking price for the "service" is in Bitcoin as peteretep was asking. They could've asked an amount in US$ payable in Bitcoin, but the price is given in BTC. I would argue, the change of price is "just" reflecting the deflation of bitcoin, which from my point-of-view is not terribly different to other price-adjustments across currencies. E.g. Apple increasing the prices in their App Store in UK£ due to its depreciation (https://www.theguardian.com/technology/2017/jan/17/apple-ios-mac-app-store-prices-rise-25-per-cent-following-brexit https://www.theguardian.com/technology/2017/jan/17/apple-ios...)