4 ms·
Kidnapping and ransom existed before crypto
by pawelduda 1y ago
Kidnapping and ransom existed before crypto
- jsheard 1y agoSo did pump and dump scams, but crypto brought in a new golden age of pumping and dumping. It's a matter of scale and ease of execution.
- pawelduda 1y agoGetting kidnapped happens against victim's will, whereas getting into a global PvP casino, taking a risk and getting burned is self-inflicted. Sure, it's easy to fall into it when everyone, especially celebrities shill these scams but still, nobody's holding gun to anyone's head here. I've bet on wrong thing many times but ultimately it was my choice
- surgical_fire 1y agoAre you really arguing that victims of scams deserve it if no violence or coercion was involved?
- pawelduda 1y agoAbsolutely not, it's not up to me or you to decide whether someone deserves to be scammed. Just saying it's a gamble many choose to take.
- sigwinch 1y agoThat’s not his argument. You must ensure the anonymity of criminals in order to also protect the anonymity of your innocent relatives.
- simonw 1y agoReducing the barrier to successfully executing a kidnapping-for-cash turns out to make that crime more common.
- topranks 1y agoYeah but “being your own bank”, keeping all your savings under the mattress, makes your house a lot more inviting target. Likewise being able to ransom people half way across the world and knowing there is an irreversible way you can get them to transfer the money across borders makes ransomware possible.