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flydog said:xbit said:If western governments followed suit, we could eliminate ransomware attacks almost instantly.
Without cryptocurrency, criminals make fewer attacks, demand less money and are far more easily caught.
PDRPRTS said:99% of all cryptocurrency is transparent to track, in the blockchain spirit. The American Dollar is and always as been by far the currency of choice for crime. you cannot easily trace dollar bills in those briefs, but you can know everything about every transaction and trace every satoshi/cent of bitcoin ever. at all times.
Ransomware attacks are one the greatest threats in world today and are only viable thanks to the anonymous nature of cryptocurrencies. While a Bitcoin transactions record the wallet addresses, a wallet address alone does not provide any identifiable detail of the owner.
Cash is far easier to trace; through fingerprints, fibres and serial numbers. Cash is also a lot harder to store and hide.