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Sure does seem like the primary outcome of cryptocurrencies being released onto the world has been criminals making money.
by wnevets 10mo ago
Sure does seem like the primary outcome of cryptocurrencies being released onto the world has been criminals making money.
- dylan604 10mo agoIs that really a surprise though?
- venturecruelty 10mo agoNot for anyone who doesn't have a financial stake in said fraud, no.
- nrhrjrjrjtntbt 10mo agoAnd fast malware detection.
- BLKNSLVR 10mo agoCriminals and the porn industry are almost invariably early adopters of new technologies. For better or worse their use-cases are proof-of-concepts that get expanded and built on, if successful, by more legitimate industries. Re: the Internet. Re: Peer-to-peer. Re: Video streaming. Re: AI.
- lapetitejort 10mo agoWhat is the average length of time for new tech to escape porn and crime and integrate into real applications? Longer than 15 years?
- BLKNSLVR 10mo agoSome kind of function of how quickly regulation comes to the technology.
- denismenace 10mo agoHow were criminals the early adopters of Internet, Video streaming and AI?
- wnevets 10mo agoThey weren't but it makes certain people feel better to say it.
- BLKNSLVR 10mo agoSingle examples: Internet: The Cuckoo's Egg (nation state, more so than criminals maybe, but it's a blurry distinction) AI: Elon Musk youtube (often cryptocurrency scam) ads Video streaming was more obviously exclusively a porn thing
- akimbostrawman 10mo agoSure does seem like the primary outcome of email being released onto the world has been criminals making money.
- wnevets 10mo agoAbsolutely not.
- akimbostrawman 10mo agonearly half of all emails are spam https://www.statista.com/statistics/420400/spam-email-traffic-share-annual/ https://www.statista.com/statistics/420400/spam-email-traffi...
- wnevets 10mo agoThat virtually all ends up in the spam folder. Neither half the revenue generated nor half of the utility people extract from it is criminal. I don't know a single person who has used Monero to conduct non-criminal business.
- akimbostrawman 10mo ago>I don't know a single person who has used Monero That's the point, its private by design and unless they tell you, nobody will ever know how much they use and for what. The true hacker spirit. If you bother to look past news headlines you will find a vibrant community of people paying for legal goods that value privacy before FUD and ignorance. https://monerica.com/sitemap https://monerica.com/sitemap This kind of fearmongering is already leading us towards a cashless society because "only criminals use it". This is hackernews and not facebook or congress so it should be obvious to everybody here what the end result of criminalizing/demonizing non KYC payments will be (hint: look at china).
- wnevets 10mo ago> unless they tell you, nobody will ever know how much they use and for what. As opposed to email?
- burnerRhodov2 10mo agoWell, because crypto has been a crime for it's entire lifetime. Any of my friends who got funding to work on crypto got debanked, fined, jail time etc. Throughout the entire Obama-Biden era. Only under the latest Trump admin are there new VC funding and things like ETF's, stablecoin settlements, and crossborder regulation being "Accepted" even though we have no legal framework. So... Crypto is illegal so anyone using is defacto a criminal by definition. Also, for this particular instance this is the best bug bounty program i've ever seen. Running a monero node that hits your daily budget cap is not that bad... It could be way worse like steal you DB creditials and sell it to the highest party... So, crypto actually made this better.
- tgsovlerkhgsel 10mo agoI'd argue mining malware is a net benefit to society. I'd much rather have my vulnerable server exploited by mining malware than left alone. If it gets exploited by mining malware, it gives me an extra chance to catch it before something actually bad happens, at almost zero cost to myself and a small reward for the person who found the vuln.