Ransomware could still exist without cryptocurrency. But what couldn't exist is the semi-legal support industry that has grown up around this form of extortion, including software vendors, intermediaries, even customer support hotlines for victims. Crypto makes extortion scalable
I rag on it a lot, but holding larger companies' data for ransom is one area where Bitcoin and its many offspring have created genuine innovation.
We need to find a way to repurpose ransomware as an antimonopoly tool. One reason the meat market is so vulnerable is that it's incredibly concentrated, as @JDScholten has talked about pretty eloquently. There's more ag concentration now than we the original antitrust laws passed
Personally, I'm excited to see the first ransomware attack that encrypts an entire blockchain. Most people run one of a few clients, and by definition they have to stay online, so this should be doable. Just remember to do them sequentially so there's a way to get paid.
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The idea that messaging apps are a problem (or for that matter the suggestion that QAnon believers shouldn't be allowed to talk to one another) is a poisonous direction for this debate to take. The problem is one of a major political party embracing extremism and irreality
Censorship (or content moderation, or whatever you want to call it) is no substitute for the Republican party policing the crazy within its own ranks, and attempts to impose "moderation" that way will only backfire. There is no technical fix to what is a political crisis.
We also need to call out the moral panic for what it is. There is no organized insurrectionary movement in the US, the extremists involved are inept and derpy, and the threat of this has been overblown to serve political ends just like the "war on terror" was back in its day.
Remind me again who the hell ordered George Bushes in bulk?
Combining his father's raw dynamism, his uncle's intellectual heft, grandfather's charisma and great-grandfather's touch with the common man, George P. Bush will be the man to beat in any election his team correctly manages to file paperwork for
I'm glad @smdiehl has been talking about the massive pyramid scheme in post-communist Albania, because it has useful parallels to the present. You had a population distrustful of government, a total regulatory failure, and a sense that "this is too big to be a scam" all at once
The Albanian experience was shocking, but it happened in a context of wildcat privatization across Eastern Europe that accomplished its goal (reanimating a dead economy) but at great human cost, particularly among those on fixed income, and created a class of criminal oligarchs
In Albania, you also had people who were simply completely unfamiliar with the mechanics of investment, or what a naked fraud looked like. In cryptocurrency, the same obfuscatory purpose is served by the real but useless technology running the Rube Goldberg apparatus
The thing I really enjoy about non-fungible tokens (NFTs) and "smart contracts" more broadly is that there's no way to get them to point to information or objects outside the blockchain without introducing a trusted third party, the whole thing you set up a blockchain to avoid.
You might worry, for example, that smart contracts and programmable currency would legalize all gambling in a way governments couldn't regulate. But the only thing you could gamble on is other transactions on the blockchain. There's no way to find out the score of a soccer game
This mixture of solipsism, pointlessness, and being hermetically sealed off from information about the real world while also ruining it nicely mirrors the cryptocurrency culture itself. It's like those people who start to resemble their pets.
That's right, crypto people. Only my anonymity allows me to speak the truth, and I have guarded my secrets well. I defy you to try and unmask my real identity— prepare to enter a devious, twisting hall of mirrors that makes Satoshi Nakamoto looks like a toddler playing dress-up.
This is my favorite kind of zinger from cryptopeople, the idea that I'm bitter for missing out. They forget that back in (say) 2013, we still treated bitcoin like a currency! It wasn't a magic token to hoard forever. If I had allowed BTC payments, one of two things would be true:
1. (Best case) I might have been able to convert it to USD and deposit it in my bank account.
2. (Likely case) I would have lost all my bitcoin when my exchange got hacked.
It was not wanting to give my bank account number to the Mt. Gox people that saved me from cryptoruin
My other favorite zinger is that 2012 called and wants my critique of bitcoin back. Well, yeah—the critique in 2012 was "this Bitcoin thing doesn't work except for all the crime" and the fact that it's now old and repetitive is not a very effective argument against it.