2 ms·
Blockchain is just an accounting tool. It doesn't make judgments about those using it. It works just as well for fraudsters and cyber criminals as anyone else.
by jqpabc123 3y ago
Blockchain is just an accounting tool.
It doesn't make judgments about those using it. It works just as well for fraudsters and cyber criminals as anyone else. There are reasons ransomware extortionists always request payment in some sort of blockchain based crypto --- usually bitcoin.
In other words, blockchain *facilitates* fraud and crime as easily as it *prevents* it.