Re:I Looked into 34 Top Real-World Blockchain Projects So Yo...
by victorvosk on Saturday July 30, 2022 @08:39PM
(#32291872)
I agree except "an staggering amount of crime". This has been studied a lot and there is no clear evidence of more crime than normal occurring just because of bitcoin
[ Parent
| on HN ]
Re:I Looked into 34 Top Real-World Blockchain Projects So Yo...
by MBCook on Saturday July 30, 2022 @08:49PM
(#32291958)
Why did ransomware explode after Bitcoin came along? Why is it (and Eth) the payment method everyone asks for?
Because it’s far far easier to use for ransomware and to hide your trail than any traditional bank transaction or money transfer.
Re:I Looked into 34 Top Real-World Blockchain Projects So Yo...
by tremarley on Saturday July 30, 2022 @09:17PM
(#32292174)
Ransoms have been paid via Bank Wires, PayPal and other technologies for decades.
99% of internet based ransoms are still being paid via Bank Wires.
Re:I Looked into 34 Top Real-World Blockchain Projects So Yo...
by hollerith on Saturday July 30, 2022 @09:20PM
(#32292194)
What evidence do you have for, "99% of internet based ransoms are being paid via Bank Wires"?
That would be decisive if it were true.
But I always thought that it is much easier to get ill-gotten gains out of BTC than out of the banking system.
Re:I Looked into 34 Top Real-World Blockchain Projects So Yo...
by justinator on Saturday July 30, 2022 @08:47PM
(#32291940)
Sounds pretty staggering,
Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency
https://www.justice.gov/opa/pr/two-arrested-alleged-conspira...
Re:I Looked into 34 Top Real-World Blockchain Projects So Yo...
by ghostpepper on Saturday July 30, 2022 @08:45PM
(#32291925)
Bitcoin has made it drastically easier to monetize a system once it’s been compromised