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Cryptocurrency is a general threat to "society". It enabled a lot of bad actors and issues that did not exist before, and it is also in contrast to a lot of pr

Cryptocurrency is a general threat to "society". It enabled a lot of bad actors and issues that did not exist before, and it is also in contrast to a lot of previous legislation created specifically to protect the average citizen. We should all treat it as a threat.

almavi 3y ago
Agreed. And, btw, they are not going against token developers or miners but against companies that are profiting from selling securities without complying to the regulations and some times even wash trading them.
- senttoschool 3y ago
  That’s right. This doesn’t stop your crypto hobbyist from starting the next ETH project. But it does stop scammers and unregistered securities.
smeej 3y ago
Name a single "bad issue" cryptocurrency enables that did not exist before. Not one that is now easier, but one that did not exist and is now possible, that would not be without them.
- 0xB31B1B 3y ago
  Ransomware. The ransomware economy is powered by crypto, did not exist before crypto, and would not exist without the key feature of crypto, that it allows transfer of money without KYC.
  - cableshaft 3y ago
    Ransomware is easier thanks to crypto, but it doesn't exist only because of crypto. It predates crypto. "But the early ransomware attacks long predate cryptocurrency – the first recorded is thought to have taken place in 1989..." "Without the existence of cryptocurrencies, ransomware would still be a big problem, says Nick Biasini, head of outreach at Cisco Talos. “If you go way back and start at the beginning of ransomware before it became the pervasive issue that it is today, it was actually not based on cryptocurrencies. The payment system was designed around gift cards or various other types of payment cards that you could operate.”[1] "The first known attack was initiated in 1989 by Joseph Popp, PhD, an AIDS researcher, who carried out the attack by distributing 20,000 floppy disks to AIDS researchers spanning more than 90 countries, claiming that the disks contained a program that analyzed an individual’s risk of acquiring AIDS through the use of a questionnaire. However, the disk also contained a malware program that initially remained dormant in computers, only activating after a computer was powered on 90 times. After the 90-start threshold was reached, the malware displayed a message demanding a payment of $189 and another $378 for a software lease. This ransomware attack became known as the AIDS Trojan, or the PC Cyborg." [1]: https://techmonitor.ai/technology/cybersecurity/ransomware-and-cryptocurrencies https://techmonitor.ai/technology/cybersecurity/ransomware-a... [2]: https://www.digitalguardian.com/blog/history-ransomware-attacks-biggest-and-worst-ransomware-attacks-all-time https://www.digitalguardian.com/blog/history-ransomware-atta...
    - deleted 3y ago
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almavi 3y ago

Agreed. And, btw, they are not going against token developers or miners but against companies that are profiting from selling securities without complying to the regulations and some times even wash trading them.

senttoschool 3y ago
That’s right. This doesn’t stop your crypto hobbyist from starting the next ETH project. But it does stop scammers and unregistered securities.

smeej 3y ago

Name a single "bad issue" cryptocurrency enables that did not exist before. Not one that is now easier, but one that did not exist and is now possible, that would not be without them.

0xB31B1B 3y ago
Ransomware. The ransomware economy is powered by crypto, did not exist before crypto, and would not exist without the key feature of crypto, that it allows transfer of money without KYC.
- cableshaft 3y ago
  Ransomware is easier thanks to crypto, but it doesn't exist only because of crypto. It predates crypto. "But the early ransomware attacks long predate cryptocurrency – the first recorded is thought to have taken place in 1989..." "Without the existence of cryptocurrencies, ransomware would still be a big problem, says Nick Biasini, head of outreach at Cisco Talos. “If you go way back and start at the beginning of ransomware before it became the pervasive issue that it is today, it was actually not based on cryptocurrencies. The payment system was designed around gift cards or various other types of payment cards that you could operate.”[1] "The first known attack was initiated in 1989 by Joseph Popp, PhD, an AIDS researcher, who carried out the attack by distributing 20,000 floppy disks to AIDS researchers spanning more than 90 countries, claiming that the disks contained a program that analyzed an individual’s risk of acquiring AIDS through the use of a questionnaire. However, the disk also contained a malware program that initially remained dormant in computers, only activating after a computer was powered on 90 times. After the 90-start threshold was reached, the malware displayed a message demanding a payment of $189 and another $378 for a software lease. This ransomware attack became known as the AIDS Trojan, or the PC Cyborg." [1]: https://techmonitor.ai/technology/cybersecurity/ransomware-and-cryptocurrencies https://techmonitor.ai/technology/cybersecurity/ransomware-a... [2]: https://www.digitalguardian.com/blog/history-ransomware-attacks-biggest-and-worst-ransomware-attacks-all-time https://www.digitalguardian.com/blog/history-ransomware-atta...
  - deleted 3y ago
    [deleted]