5 ms·

"Bitcoin is not used for ransomware and other cyber crime, it's traceable" - some crypto fans on social media

by schleck8 5y ago

howdydoo 5y ago
Would you get rid of your iPhone if you found out criminals used Apple gift cards?
- hsbauauvhabzb 5y ago
  That analogy doesn’t even fit his question.
  - sshine 5y ago
    But would you download a car?
    - doubled112 5y ago
      I'm going to need a bigger printer, but yeah, I would.
buildbot 5y ago
To be fair, you could trace these transactions, and any from the address that receives them. It seems much better to use Monero or something if you intend to be nefarious. This is probably just ill thought out. edit: not a crypto fan personally.
- liuliu 5y ago
  Bitcoin is easier for anyone to pay. Afterwards, you can wash this with Monero or other networks.
Toutouxc 5y ago
You have successfully proved that some crypto fans say things that are wrong.
swiley 5y ago
There has been malware that gave people addresses to mail cash to.
- schleck8 5y ago
  The exception confirms the rule
  - howdydoo 5y ago
    Ransomware has been around since (at least) the 80s, long before bitcoin. https://www.knowbe4.com/aids-trojan https://www.knowbe4.com/aids-trojan
    - NicoJuicy 5y ago
      Completely ignoring that all of them now use Bitcoin as payment method. Bitcoin makes it easier.
  - BrandoElFollito 5y ago
    This expression makes my skin crawl everytime. It simply makes no sense. (nothing personal, plenty of people use it but it is so illogical that it wild be unethical not to protest)
pclmulqdq 5y ago
Usually, bitcoin is demanded because it's easy for a target to acquire, then it is swapped for Monero to wash it before cashing out.
- miohtama 5y ago
  This is not true. Crooks do not bother with Monero or even hiding their traces. https://capitalgram.com/posts/how-to-money-launder-bitcoin/ https://capitalgram.com/posts/how-to-money-launder-bitcoin/ For example, the REVil author is known https://threatpost.com/revil-ransomware-core-member/175863/ https://threatpost.com/revil-ransomware-core-member/175863/ It is all about geopolitics, privateering and for Russia and China to see incompetent Western companies to suffer.

"Bitcoin is not used for ransomware and other cyber crime, it's traceable" - some crypto fans on social media

howdydoo 5y ago

Would you get rid of your iPhone if you found out criminals used Apple gift cards?

hsbauauvhabzb 5y ago
That analogy doesn’t even fit his question.
- sshine 5y ago
  But would you download a car?
  - doubled112 5y ago
    I'm going to need a bigger printer, but yeah, I would.

buildbot 5y ago

To be fair, you could trace these transactions, and any from the address that receives them. It seems much better to use Monero or something if you intend to be nefarious. This is probably just ill thought out. edit: not a crypto fan personally.

liuliu 5y ago
Bitcoin is easier for anyone to pay. Afterwards, you can wash this with Monero or other networks.

Toutouxc 5y ago

You have successfully proved that some crypto fans say things that are wrong.

swiley 5y ago

There has been malware that gave people addresses to mail cash to.

schleck8 5y ago
The exception confirms the rule
- howdydoo 5y ago
  Ransomware has been around since (at least) the 80s, long before bitcoin. https://www.knowbe4.com/aids-trojan https://www.knowbe4.com/aids-trojan
  - NicoJuicy 5y ago
    Completely ignoring that all of them now use Bitcoin as payment method. Bitcoin makes it easier.
- BrandoElFollito 5y ago
  This expression makes my skin crawl everytime. It simply makes no sense. (nothing personal, plenty of people use it but it is so illogical that it wild be unethical not to protest)

pclmulqdq 5y ago

Usually, bitcoin is demanded because it's easy for a target to acquire, then it is swapped for Monero to wash it before cashing out.

miohtama 5y ago
This is not true. Crooks do not bother with Monero or even hiding their traces. https://capitalgram.com/posts/how-to-money-launder-bitcoin/ https://capitalgram.com/posts/how-to-money-launder-bitcoin/ For example, the REVil author is known https://threatpost.com/revil-ransomware-core-member/175863/ https://threatpost.com/revil-ransomware-core-member/175863/ It is all about geopolitics, privateering and for Russia and China to see incompetent Western companies to suffer.