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A comment on Bitcoin Halving Just Occured. Parent comment

Re:Bitcoin Halving Just Occured by bb88 on Monday May 11, 2020 @07:50PM (#23148834)
> Cash is anonymous. Bitcoin is not.

There's a non zero chance that your criminal extortion scheme won't end up with bill serial numbers tracked by federal authorities. Hence that's probably why 97% of ransomware uses BTC.

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Re:Bitcoin Halving Just Occured by fidelramos on Tuesday May 12, 2020 @04:54AM (#23151878)
> Hence that's probably why 97% of ransomware uses BTC.

What payment processor would ransomware use? Credit card processors would close their account. Nobody can close your Bitcoin account. That can be used for crime, but also is a legitimate protection against the abuses of governments and banks.

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Re:Bitcoin Halving Just Occured by chrischen on Tuesday May 12, 2020 @05:18AM (#23152031)
That’s why Bitcoin has this legitimate use. No one will service ransomware businesses.
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Re:Bitcoin Halving Just Occured by fidelramos on Tuesday May 12, 2020 @05:59AM (#23152284)
And as I said that's a consequence of Bitcoin's decentralization and censorship resistance. I think the positive aspects of those features overshadow the negative.
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Re:Bitcoin Halving Just Occured by mirimir on Tuesday May 12, 2020 @02:29AM (#23151073)
That's quite the endorsement, there.

Before Bitcoin, they were using stuff like Walmart giftcards.

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