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Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by suifbwish on Friday May 14, 2021 @07:31PM (#27160762)
Money is pure politics. The attacker becoming rich can legally be considered a political goal as the nature of money is political. If they endanger an entity or someone else’s resources to gain that political goal they are guilty of terrorism as they used fear to enact political change.
Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by mhluongo on Friday May 14, 2021 @07:50PM (#27160885)
The mental gymnastics here are incredible.

I'm a frequent "everything is political" commenter myself, but since when is naked self interest through theft a political action?

Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by waheoo on Friday May 14, 2021 @09:49PM (#27161551)
These are the same types of people that claim "there are no good books" with a smirk on while suggesting books to read on white privilege after just telling you it's not his job to educate you on such matters even though he's literally being paid to sit there and educate you.

The insanity of it all is incomprehensible.

Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by IncRnd on Friday May 14, 2021 @10:29PM (#27161766)
> Money is pure politics.

That only true when right is up and down is left.

Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by stjohnswarts on Friday May 14, 2021 @08:51PM (#27161239)
Only if you're a Marxist and limit your world view to what you can see through that lens.
Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by dools on Friday May 14, 2021 @09:16PM (#27161373)
No, money is inherently political as a matter of observable fact. It is created by governments and its value is driven by taxation.
Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by sonograph on Friday May 14, 2021 @09:27PM (#27161444)
> It is created by governments and its value is driven by taxation.

How does taxation drive value? Which taxation? There are governments that don't charge income taxes, there are governments that don't charge property taxes, there are governments that don't charge sales taxes.

Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by remolacha on Saturday May 15, 2021 @02:26AM (#27162928)
This idea comes from Modern Monetary Theory (MMT). Most mainstream economists do not agree with it. But the MMT claim is that at base, people only need USD because it’s how taxes are denominated. The notion is that without the driving force of compelled taxation, no one would use USD or other sovereign currencies. MMT also claims, through similar logic, that a monetary sovereign can print an extreme amount of currency without causing inflation. Which MMT’ers use to justify massive government spending programs.
Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by aww_dang on Saturday May 15, 2021 @05:20AM (#27163673)
The idea isn't exclusive to MMT. Critics from across the spectrum recognize that taxation supports the USD. Buttresses such as legal tender laws, the petrodollar system and other barriers serve to support the USD.

Tally sticks are an early example of monetized debt as a taxation medium.

https://en.wikipedia.org/wiki/Tally_stick

Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by dools on Saturday May 15, 2021 @04:57AM (#27163575)
The words “extreme” and “massive” are subjective. MMT claims that the best way for a monetarily sovereign government to maintain aggregate spending at full employment levels is to hire anyone willing to work but who cannot find work in either the private sector or the permanent government sector.

Also note that the work of legal historians such as Christine Desan who are not affiliated with MMT economists concurs with this analysis.

Also note that most mainstream economists do actually agree with the tenets of MMT when individually stated but base their disagreement on a deliberate misreading/misstatement of MMT which they then proceed to criticise.

That taxation is sufficient to drive demand for a currency is not contentious, that it is necessary is unconfirmed.

Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by mietek on Saturday May 15, 2021 @01:30AM (#27162683)
Simply: money is what you use to pay your taxes.
Re:DarkSide ransomware gang quits after servers, Bitcoin sta... by dools on Saturday May 15, 2021 @12:25AM (#27162349)
There are many different types of taxation, but there is no currency that doesn’t derive its value from taxation. People call things like Bitcoin currency but until a sovereign runs their financial system of federal settlement payments on the Bitcoin blockchain it is only a commodity like gold or silver or corn.