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> Yesterday here were news about PayPal terminating an account without explanation again In the past few weeks crypto has shut down energy infrastructure, meat
by cma 5y ago
> Yesterday here were news about PayPal terminating an account without explanation again
In the past few weeks crypto has shut down energy infrastructure, meat processing, and a major ferry service.
It's also burning 1% of the world's electricity and rapidly growing.
- nkrisc 5y agoI'm very cynical about cryptocurrency but that's a stretch. Criminals did that damage to companies and infrastructure, and they would do it without cryptocurrency if it was worth it. I guess dollars sell drugs to kids too and fuel murder for hire.
- cma 5y agoIt's not the main things dollars have enabled though.
- foobiekr 5y agoAnyone who doesn’t think cryptocurrency has facilitated monetizing cyberattacks needs to wake up. You can be pro-crypto and still acknowledge that the rise of ransomware has hone hand in hand with the ability to monetize it at dramatically lowered risk. This, in turn, broadened to scope of companies that were interesting to attack.
- meiraleal 5y agoIt of course facilitated, but if it didn't exist, online credit card payments would had facilitated the same way so crypto is not at fault. You can be against crypto and still acknowledge that the advocates of a tech/tool are not responsible nor turning a blind eye to the bad uses of it.
- Nursie 5y agoThis is nonsense, online credit card payments would not be able to facilitate multi-million dollar transactions and allow the proceeds to just disappear like that.
- nkrisc 5y agoYou could have cryptocurrency without ransomware attacks, and you could have ransomware attacks without cryptocurrency . It is disingenuous to say cryptocurrency is directly responsible. Cryptocurrency didn’t cause ransomware, it made it worth the effort on the part of the attackers, but so could have a different confluence of events. Criminals will abuse any technology that benefits them.
- driverdan 5y ago> In the past few weeks crypto has shut down energy infrastructure, meat processing, and a major ferry service. You're conflating cryptocurrency with ransomware attacks.
- dleslie 5y agoI think it's reasonable to link the two, but not conflate them. Crypto has certainly made ransomware a much more viable attack vector. A crypto address is easier to hide behind than a bank account number or mailing address or drop location.
- meiraleal 5y agoso you are a proponent of a cash-less society? If Crypto is responsible for this new attacks, fiat is responsible for all others. Including the most violent ones.
- dleslie 5y agoA cash-less capitalist society looks like Canada and the Nordic countries, where cash use is abnormal and most transactions are with debit and credit; Ie, quite well tracked.