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And then you can have untrackable and irreversible scams, money laundering and ransomware without the crypto? Yay?
by daveguy 1y ago
And then you can have untrackable and irreversible scams, money laundering and ransomware without the crypto? Yay?
- AnthonyMouse 1y ago"Transaction is irreversible via automated system" and "transaction is irreversible via court order" are two different things. The first is a problem when you have merchants that legitimately provided a service (e.g. adult content, buying fungible commodities that themselves can't be clawed back) because customers issue chargebacks against merchants that didn't scam them, e.g. because the spouse disputes a charge for adult content that the person who made the purchase doesn't want to admit to buying. But the second is the thing you need to prevent scams and ransomware.
- deleted 1y ago[deleted]
- eviks 1y agoYou already have all of that now without the benefits for regular use
- daveguy 1y agoSorry, but you are incorrect. Most payment systems today can be tracked and reversed. Crypto will too, after it becomes well regulated, and then it will lose its appeal and crash. No one wants to mess with some convoluted cryptography based money system if they don't have to.
- eviks 1y ago> Most So do criminals use only the "Most" or also.the other ones that can't be reversed?
- daveguy 1y ago... and which ones are the ones that can't be reversed?
- daveguy 1y agoWell, at least you didn't try to claim fiat currency. Because crypto sure does make it easier when you don't need a bag transfer (even then you have serial numbers which aren't as easy to launder as crypto). Much easier for NK to extract ransomware payouts for their nuclear program when they can launder it immediately through untraceable crypto.