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It's what happens when countries don't control their currency.
by cma 6y ago
It's what happens when countries don't control their currency.
- mirekrusin 6y agoIt's what happens when you use Java.
- AnimalMuppet 6y agoUm, what? We do in fact control our currency.
- cma 6y agoThis kind of thing is enabled by crypto. It could still happen without it out of pure malice, but ransomware had little incentive before since it was so hard to collect on.
- dredmorbius 6y agoDisconnected payments and cash transfers have long been a thing. Crypto in this sense is just a novel indirect payments system. Currency control is a red herring.
- cma 6y agoI don't think ransomware would be as prevalent, by an order of magnitude, without crypto. Nor with a govt controlled digital currency.
- dredmorbius 6y agoI definitely agree with the first. On the second, it would depend entirely on the design. And so long as one government crypto currency existed that was amenable to the practice, that should be sufficient. It's not as if lack of government endorsement is preventing usage now, and the fact that a cryptocurrency was sponsored by some foreign country should matter little.
- AnimalMuppet 6y agoAh, I now see your point. For the record, I think it's a valid one. Ransom did happen with cash, but it was much riskier - physical delivery had to happen, and it led to the criminals.