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but bitcoin makes it significantly easier than wire transfers. if it doesn't what exactly is the point of bitcoin?
Like be serious if you were executing ransomware attack you wouldn't choose a wire transfer over bitcoin,
nobody would because a wire transfer carries significantly more risk.
and we can see it as the revealed preference of hackers.
there's been 62% increase in ransomware attacks since 2019. ransomware payments are up.
50+ Ransomware Statistics & Facts for 2018-2024
Ransomware is the biggest cybersecurity threat to date. With billions of dollars in losses directly related to ransomware, the risks are only getting worse.www.comparitech.com
you think Bitcoin has zero to do with this?
also im not claiming bitcoin should be illegal. im asking is the potential legality of bitcoin a hug risk factor when you consider it's value as an investment.
- guns, the distribution, sale/use of illegal firearms carry significant legal consequences
- many drugs are illegal and the sale/use of illegal drugs carry significant legal consequences
- computers have significantly more utility than bitcoin.
bitcoin is great for speculation and cyber crime but isn't really a massive improvement on traditional payment systems.
Bitcoin is simple , before the media/wallstreet/billionaires spinned it into a "store of value" it is a peer to peer permisionless payment system.
You can send $5 dollars or $55 million dollars to anyone in the world in under an hour or faster without calling a bank or third party and people / govt asking you who what why where and how or freezing your transaction or trying to tax a huge percentage
. No government or anyone can stop it. Its the most secure network and most trusted. The value in that is insane. Just because cashapp , venmo and zelle etc are in heavy use NOW. It may seem to diminish btc value
Ppl buy all kinds of crazy stuff with cash since cash was invented and they still do today did you empty out your bank account and burn all your money yet?
Of course crime will go cyber we are in the future, crime follows the times nobody is out robbing stage coaches anymore why would you expect the new criminals to ask for payment in cash lol that sounds dated.
What bank has millions of dollars on demand ? You think ppl gonna rob and a bank and wait inside the bank for two days for the money to be delivered ?
Also Bitcoin is 1000% traceable and not private. Monero is the real deal when it comes to privacy
Finally , if you opened this thread when it first started and copped btc out the gate no Elon Musk tweet or headlines would matter because you got in first and they buying from you not the other way around.
Bitcoin is simple , before the media/wallstreet/billionaires spinned it into a "store of value" it is a peer to peer permisionless payment system.
You can send $5 dollars or $55 million dollars to anyone in the world in under an hour or faster without calling a bank or third party and people / govt asking you who what why where and how or freezing your transaction or trying to tax a huge percentage
. No government or anyone can stop it. Its the most secure network and most trusted. The value in that is insane. Just because cashapp , venmo and zelle etc are in heavy use NOW. It may seem to diminish btc value
Ppl buy all kinds of crazy stuff with cash since cash was invented and they still do today did you empty out your bank account and burn all your money yet?
Of course crime will go cyber we are in the future, crime follows the times nobody is out robbing stage coaches anymore why would you expect the new criminals to ask for payment in cash lol that sounds dated.
What bank has millions of dollars on demand ? You think ppl gonna rob and a bank and wait inside the bank for two days for the money to be delivered ?
Also Bitcoin is 1000% traceable and not private. Monero is the real deal when it comes to privacy
Finally , if you opened this thread when it first started and copped btc out the gate no Elon Musk tweet or headlines would matter because you got in first and they buying from you not the other way around.
It's really mind boggling to me when people say they don't believe in crypto. But whatever
You’ll be able to spend it via flexa, Coinbase, PayPal etc it gets converted at the pos for the merchant but you can spend it now
And it seems everytime someone asks the questions that same quote pops up, if someone doesn't understand, you dont have the time to explain it. Not realizing that is 100% con man lingo lol.
so you want to explain to someone how the internet works every time someone asks? do you. HFSP
I'd probably just admitt i dont know how the internet actually works instead of paragraph after paragraph of posturing
The pop shots are cute but seriously who's posturing?
What's your question even? What do you need explained to you?
I'd like to know if theres any demand outside of a purely speculative investment vehicle or the bat **** crazy notion that it will someday replace fiat.
Also how much of the current market price can be attributed to this demand and how much is attributed to people treating it like a lottery ticket.
Demand just for Bitcoin or demand for any and all cryptocurrency? I brought this up and osh kosh bosh conveniently ignored it yesterday but it often seems like doubters conflate Bitcoin with the cryptocurrency space as a whole.
Demand just for Bitcoin or demand for any and all cryptocurrency? I brought this up and osh kosh bosh conveniently ignored it yesterday but it often seems like doubters conflate Bitcoin with the cryptocurrency space as a whole.
So your reasoning is take something that’s used legally 99% of the time and ban it because it’s easier to pay ransoms with?