News for hackers. Stuff that matters.
Re:Cryptocurrencies add nothing useful to society, says chip... by psychphysic on Sunday March 26, 2023 @03:09PM (#35318287)
Online dark net markets would not be possible without cryptos.

They are a pretty big win for those who believe in personal liberty.

Re:Cryptocurrencies add nothing useful to society, says chip... by Melingo on Sunday March 26, 2023 @03:36PM (#35318629)
In sense of buying drugs?

Yeah sure still not society relevant.

And look what happens in Germany, it's much better to push for legalization.

People need to stand up for rights

Re:Cryptocurrencies add nothing useful to society, says chip... by justsomehnguy on Sunday March 26, 2023 @03:35PM (#35318621)
Bullshit, they existed both before the crypto and before the Internet itself. It's just a bit more convenient, but otherwise it's just the same as it was: give money to one man, take money/goods from other man and how exactly they settle their accounts is none of your business.
Re:Cryptocurrencies add nothing useful to society, says chip... by KyeRussell on Sunday March 26, 2023 @03:18PM (#35318403)
Fortunately I don’t think anyone is concerned with what libertarians consider a “big win”.
Re:Cryptocurrencies add nothing useful to society, says chip... by mmiliauskas on Sunday March 26, 2023 @03:26PM (#35318515)
Except for libertarians? Personally, as a libertarian this is all I need -- a win for myself.
Re:Cryptocurrencies add nothing useful to society, says chip... by bregma on Sunday March 26, 2023 @04:54PM (#35319480)
Not all libertarians. Any libertarian is of course free to decide for themself if it's a win or not. Some may, and some may not.
Re:Cryptocurrencies add nothing useful to society, says chip... by edflsafoiewq on Sunday March 26, 2023 @03:43PM (#35318718)
Yes, crypto's main use is crime. It's supporters have various arguments for why crime is actually good.
Re:Cryptocurrencies add nothing useful to society, says chip... by codedokode on Sunday March 26, 2023 @04:38PM (#35319315)
Crypto is a technology that offers just one thing: electronic payments without anything unneessary bundled with it. Crypto is a model of what banking should be.

For comparison, to use a bank card you first need to provide all your details to bank which can share them with anyone they want, and then your application can be rejected for arbitrary reasons. And after this again the bank can share information about anything you bought with the card. There is even an official organization for sharing data about consumers loan history and this is totally not a crime in our weird society.

Re:Cryptocurrencies add nothing useful to society, says chip... by rvz on Sunday March 26, 2023 @04:02PM (#35318925)
> Yes, crypto's main use is crime.

It is quite a very poor use with such "crime" happening all on a public and transparent blockchain, making it very easy to trace all of that (even if they use a tumbler / mixer) with the funds certainly seized and frozen as soon as it hits the exchange.

In fact criminals and scammers still use banks and Zelle to facilitate their criminal enterprise - [0] [1] in the trillions of dollars.

[0] https://www.buzzfeednews.com/article/jasonleopold/fincen-fil...

[1] https://www.nytimes.com/2022/03/06/business/payments-fraud-z...

Re:Cryptocurrencies add nothing useful to society, says chip... by tzs on Sunday March 26, 2023 @05:29PM (#35319834)
So why do so many ransomware gangs want payment in Bitcoin?
Re:Cryptocurrencies add nothing useful to society, says chip... by rvz on Monday March 27, 2023 @12:19AM (#35322804)
Perhaps they want to get themselves traced on a public ledger and to join the long list of gangs caught and arrested by the authorities each week?

Once again, Bitcoin is worse for scammers, criminals and ransomware than using Zelle and the banks for fraud.

You should be asking why the banks continue to move trillions of dollars of illicit funds for criminals for years without them doing anything. Same with Zelle.

Re:Cryptocurrencies add nothing useful to society, says chip... by saurik on Sunday March 26, 2023 @05:37PM (#35319906)
Re:Cryptocurrencies add nothing useful to society, says chip... by psychphysic on Sunday March 26, 2023 @04:08PM (#35318990)
I suppose you'd have told Ms Parks to shut up and get off the bus if avoiding crime is all that's good for society?
Re:Cryptocurrencies add nothing useful to society, says chip... by sunshinerag on Sunday March 26, 2023 @06:16PM (#35320231)
What a childish argument
Re:Cryptocurrencies add nothing useful to society, says chip... by psychphysic on Sunday March 26, 2023 @06:23PM (#35320273)
It's a depressing reality that most adults will not progress past stage 4 in Kohlberg's moral reasoning.

The law however arbitrary and flawed is the source of morals for most adults.

George Carlin said it best with “Think of how stupid the average person is, and realize half of them are stupider than that.”

Re:Cryptocurrencies add nothing useful to society, says chip... by bitcharmer on Monday March 27, 2023 @04:55AM (#35324413)
Sadly there are many more simple minded people like this than people who understand nuance and know that legal doesn't always equal right. Even more terrifying, people like this can vote.
Re:Cryptocurrencies add nothing useful to society, says chip... by Ferret7446 on Sunday March 26, 2023 @06:29PM (#35320351)
Crime is relative. Homosexual relationships are criminal in a significant portion of the world, along with many other activities that you may support.

"First they came for the socialists, and I did not speak out— Because I was not a socialist."

Crypto's main use is crime insofar as its main use is denying monopolistic/governmental control, and anything that the government bans is a crime.

Re:Cryptocurrencies add nothing useful to society, says chip... by stiltzkin on Monday March 27, 2023 @12:59PM (#35329139)
You live in a bubble if you think projects working on blockchains as Ethereum or Bitcoin are only used for crime. USD is still the #1 FIAT used for crime.
Re:Cryptocurrencies add nothing useful to society, says chip... by tzs on Sunday March 26, 2023 @05:55PM (#35320033)
"A person often meets his destiny on the road he took to avoid it" --Jean de La Fontaine.

With sufficient tracking of non-cryptocurrencies and physical goods governments could largely kill dark net markets by making it too hard to buy anything physical with your cryptocurrency. Imagine KYC but applied to every transaction instead of just large ones.

Making dark markets too easy isn't a win for personal liberty. Its a step on the road to a dystopia with little personal liberty or privacy because every time something seriously bad happens a few due to dark markets that would not have been possible in the legal markets the general public will demand something be done about it, which will result in government being granted more power.

Re:Cryptocurrencies add nothing useful to society, says chip... by M95D on Monday March 27, 2023 @12:12PM (#35328491)
No need for dark markets. We will get there anyway. Government doesn't need people to demand it.