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Re:Basecamp was under network attack by kd5bjo on Monday March 24, 2014 @12:12PM (#7459031)
I agree, though blackmail seems inaccurate. I've always understood blackmail to be a demand backed by a threat to reveal secret information[1]; this sounds more like an extortion racket[2].

[1] http://en.wikipedia.org/wiki/Blackmail#United_States

[2] http://en.wikipedia.org/wiki/Extortion_racket

Re:Basecamp was under network attack by yogo on Monday March 24, 2014 @12:29PM (#7459156)
Yea, extortion seems more apt here. It's like a square and rectangle. All blackmail involves extortion, but not all extortion is blackmail.
Re:Basecamp was under network attack by bduerst on Monday March 24, 2014 @12:27PM (#7459140)
It is extortion, not blackmail. While blackmail is a form of extortion, it's as you say - threats to reveal potentially damaging information.