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> "The hackers were the Ryuk ransomware gang and they demanded we pay them 45 Bitcoin, which was about half a million dollars. Make no mistake: this ransomware
by louwrentius 6y ago
> "The hackers were the Ryuk ransomware gang and they demanded we pay them 45 Bitcoin, which was about half a million dollars.
Make no mistake: this ransomware surge is 100% enabled / facilitated by Bitcoin and possibly other cryptocurrencies.
This would not have been so bad if cryptocurrencies would actually provide anything of really significant value to our societies, but no.
Aside from a mixture of Ponzi scheme, Pyramid scheme, and MLM + the energy waste, this ransomware is yet another terrible effect on our world.
It is time we effectively ban cryptocurrencies. Let’s end this madness. Please.
I am dead serious. I think cryptocurrencies and blockchain technology is the asbestos of the software world.
- seibelj 6y agoCrypto also risks the ability of central banks to print infinite amounts of money
- user-the-name 6y agoCryptocurrencies are being printed in massive amounts all the time.
- matheusmoreira 6y agoHe said infinite amounts. Cryptocurrencies usually have a fixed supply.
- user-the-name 6y agoSo you're saying he is wrong in the weirdest way possible, by literally implying that central banks print infinite money, in a finite universe?
- matheusmoreira 6y agoBy infinite supply people mean the bank's ability to create any amount of money at will. Most cryptocurrencies have limits on the money supply.
- user-the-name 6y agoFrom the perspective of cryptocurrencies in general, those limits don't mean much when you can create new cryptocurrencies at a whim. The supply is equally limitless.
- unyttigfjelltol 6y agoCrypto is like an unregulated bank with no depositors' insurance. Those were forbidden (in most places) for a reason! What if a crypto software network goes all ... Geocities ... on owners? Or pick any other discontinued web or software service out of the wreckage of tech disruption. There isn't a M&A strategy to rescue these things....
- matheusmoreira 6y agoHell no. Cryptocurrency is absolutely necessary, you just think it isn't because your government or bank never froze your money for arbitrary reasons and demanded you prove your innocence in order to give it back. It's just like the "got nothing to hide" argument in privacy. It literally doesn't matter how much energy it consumes or how much crime it enables, if it allows us to escape government stupidity it's more than worth it. Actually, crime is proof that cryptocurrencies work and and actually provide the necessary privacy we all need. The harder it is for authorities to trace, the better.
- louwrentius 5y ago> if it allows us to escape government stupidity it's more than worth it. It doesn't and it won't. If governments outlaw crypto currencies you have no way to use them. I live in a country where my government and the banks are OK, there is no problem to be solved. Inventing non-existing problems to justify this crypto-madness is dishonest.