xbit

flydog said:

xbit said:

If western governments followed suit, we could eliminate ransomware attacks almost instantly.

Yeah because ransomware didn’t exist until cryptocurrency was invented.  

Ransomware attacks have exploded since the cryptocurrency became the ransom payment method of choice for criminals. The amount being paid out per attack has tripled in the last year alone and even those organisations who haven't suffered a successful attack are spending millions on prevention.

Without cryptocurrency, criminals make fewer attacks, demand less money and are far more easily caught.

If western governments followed suit, we could eliminate ransomware attacks almost instantly.

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.

That's not true at all.

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.

No doubt Epic - via its lobby group - has given her a sizeable campaign donation.

bakerzdosen said:

As has been said often (not sure who the original author is): "The tech industry needs to learn to distinguish between hate speech and speech they hate." This is clearly the latter.

And, yes, dig deep enough and you’ll find the same content on the other social media platforms. The difference being that the other social media platforms on iOS have guidance banning such groups - even if their enforcement of the rules is inconsistent.