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0 pointsfighterpilot4y ago0 comments

Low value won't change its criminal utility. A criminal looking for a $50k ransomware payment doesn't care if the market cap is $50M or $50B.

Outlawing it will make a difference though since it'll make it less likely that victims will pay, meaning the endeavor has a lower success rate.

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thehappypm4y ago

This misses a big point though. If Corporation A needs to pay $1M in crypto to Hacker B, Corporation A needs to acquire $1M in crypto (whether that's 20 BTC or 20,000). If it's illegal for them to acquire the crypto they can't make the payment. The bottom falls out.

fighterpilotOP4y ago

That's what I said in my second paragraph. The illegality itself is what will work. The market value is irrelevant

Workaccount24y ago

Aren't they already "illegally" making the payments via some 3rd party loophole?

wetjen4y ago

Maybe. Let’s say you can, for example, purchase a cruise missile strike in crypto. Once a few cruise missiles land in LA I imagine the world governments will take a more aggressive stance on crypto. Drone strikes and military intervention will follow.

verdverm4y ago

Indeed, and since attackers are now on notice from the US Govt, they might reconsider these types of attacks

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