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this post was submitted on 03 Feb 2025
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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you forgot sanctions evasion, volunteering as a liquidity pool for iranian laundromat, and north korean ransomware
Ok, maybe cryptocurrencies made those a little bit easier than doing the same thing with MMO money or having to mail physical goods. I can even go out on a limb and credit the blockchain itself for them, even though the design kind of makes transactions inherently more traceable than some possible aleternatives do.
The rise of ransomware and cryptocurrencies sadly are linked.
I know, that's why I'm giving them this one.
Sorry, misread your tone.
No worries. I do agree ransomware industry might not have taken off or at least might have taken off a lot slower if the victims had to make a gold mule video game character or mail cash or precious metals through seedy relay addresses to pay the ransom. So I'll habe to credit cryptocurrency, if not necessarily blockchain per se, for that dubious achievement.
Yeah good point on the blockchain tech split vs actual cryptocurrencies. Esp considering the stories some of the exchanges basically did away with the blockchain for internal trades.
there are always swiss banks and abu dhabi charities