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I’m not too well read into this space, but I would argue a large cause in the boom of hacking is external to crypto. The fact that so much monetary value and in
by nscalf 5y ago
I’m not too well read into this space, but I would argue a large cause in the boom of hacking is external to crypto. The fact that so much monetary value and information has moved online would make me believe the pie was by growing regardless of crypto. The article points out the Biden administration being unsure of how to tackle the hacking problem, but governmental infrastructure being hacked is not a monetary extraction problem, it’s a national security problem. I’m much more concerned about power companies being shut down than Target leaking customer records, for example.
I definitely won’t say crypto isn’t used effectively for ransomware payments, it’s obviously the current go to. My issue is the article seems to reduce it down to ceteris paribus, hacking wouldn’t be a problem. When many of the bad actors here are nation states, that is not a valid argument.