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More likely, it will lead to a governmental crackdown on cryptocurrency. If it were illegal for people to hold digital assets and impossible to exchange them fo
by MontyCarloHall 5y ago
More likely, it will lead to a governmental crackdown on cryptocurrency. If it were illegal for people to hold digital assets and impossible to exchange them for fiat currency except on black markets, cryptocurrency would lose pretty much all value and make ransomware worthless.
For the record, I think this would be a bad idea, but it’s exactly the sort of governmental overreaction I’ve come to expect. I’ve sold off most of my cryptocurrency as a result of this latest spate of ransomware attacks, waiting for this shoe to drop.
- labster 5y agoHow is it an overreaction? It seems like its main purpose is to avoid government restrictions on importing money, but what it actually does is to destroy our environment so we can pay ransoms and build an asset bubble. I’d expect nations to react to threats to their security, especially for things that don’t offer any social benefit like cryptocoins.