U.S. to give ransomware hacks similar priority as terrorism, official says • Hacker News Board

Post by chitowneats » Wed, Jun 09, 2021, 4:45 PM UTC

bouncycastle wrote: post #587

chitowneats wrote: post #581

Earlier quoted context omitted.

Right. It's the society that is criminal. It's not that actual criminals are using cryptocurrency to circumvent laws. Good luck pushing that line anywhere other than technolibertarian friendly HN or the various ancap subreddits.

I mean, look.. cryptocurrency is a deeply political disruption to nation states that always had absolute controll over their national currencies. If a totalitarian government ever is to maintain power, banning cryptocurrency would be a necessity, and so far there's direct evidence of this as I've pointed out. (Another thought experiment: why crypto is banned in North Korea?)

It would be a necessity and extremely easy. It's not preventing authoritarian states from doing anything. Men with guns in riot gear just show up and seize all of your hardware, and whatever other property you own that they want. See China's current mining crackdown if you don't believe me. Many authoritarian states are currently tolerating crypto because it's an excellent way to avoid international sanctions and launder hacking ransoms.

By pointing out that crypto is banned for regular North Korean citizens, did you not just prove my point that it's a worthless tool for countering authoritarianism?