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8-Dec-17 1:53

Since a payment made by bitcoin is difficult to trace, ransomware attacks become more frequent. The fact that the value of bitcoin has increased quickly in recent years certainly motivates attackers to do more. If people have no interest in bitcoin trade, do you think the attacks can be reduced?

TOMZ_KV

modified 8-Dec-17 8:04am.

lopatir8-Dec-17 1:58

lopatir

8-Dec-17 1:58

hmmm, opinions and speculation on laws, soapbox perhaps?

Signature ready for installation. Please Reboot now.

Slacker0078-Dec-17 2:52

Slacker007

8-Dec-17 2:52

No, this is Lounge alright. If it starts to lean toward how Bitcoin affects the weather, then it should be soap box. Laugh | :laugh:

Tomz_KV8-Dec-17 4:16

8-Dec-17 4:16

Sorry. I revised the post to avoid "soap".

TOMZ_KV

HobbyProggy8-Dec-17 1:59

8-Dec-17 1:59

Tomz_KV wrote:
If bitcoin is criminalized, do you think the attacks can be reduced?

Seems you didn't understand the criminal part right?

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ZurdoDev8-Dec-17 2:19

8-Dec-17 2:19

HobbyProggy wrote:
Seems you didn't understand the criminal part right?

I read it as the OP meaning if bitcoin were not something you and I could actually pay the ransom with (because it has been outlawed) then these types of attacks would be reduced since normal people couldn't pay the ransom.

There are two kinds of people in the world: those who can extrapolate from incomplete data.

There are only 10 types of people in the world, those who understand binary and those who don't.

HobbyProggy8-Dec-17 2:34

8-Dec-17 2:34

And that would prevent criminals from wanting money from you? I still don't get it.

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ZurdoDev8-Dec-17 2:35

8-Dec-17 2:35

HobbyProggy wrote:
that would prevent criminals from wanting ~~money~~ from you?

bitcoins

There are two kinds of people in the world: those who can extrapolate from incomplete data.

There are only 10 types of people in the world, those who understand binary and those who don't.

HobbyProggy8-Dec-17 3:17

8-Dec-17 3:17

HappyFestivus wrote:
bitcoins

which is basically money?

So would you say that because you are not allowed to hold euros the criminal is bothered by that and would instead of still wanting it from you just stop the attack?

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ZurdoDev8-Dec-17 4:23

8-Dec-17 4:23

No, and I don't think OP is saying that. I think OP is saying that they would stop demanding euros.

There are two kinds of people in the world: those who can extrapolate from incomplete data.

There are only 10 types of people in the world, those who understand binary and those who don't.

HobbyProggy10-Dec-17 19:32

10-Dec-17 19:32

Which does not solve the root cause. Sounds like easy programming style, instead of fixing the root cause we just put a patch on it so they need to find another way to break the system.

Banning is not always the best option.

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ZurdoDev11-Dec-17 1:04

11-Dec-17 1:04

Agreed.

There are two kinds of people in the world: those who can extrapolate from incomplete data.

There are only 10 types of people in the world, those who understand binary and those who don't.

HobbyProggy11-Dec-17 4:53

11-Dec-17 4:53

I know it was a bit harsh, but i hope you understood why i argued like that Smile | :)

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User 592418-Dec-17 2:00

User 59241

8-Dec-17 2:00

What do you mean by "bitcoin is criminalized" and how would that reduce something that is already a criminal act?

Peter Wasser

"The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell

Mike Hankey8-Dec-17 2:35

Mike Hankey

8-Dec-17 2:35

No as long as people pay the ransoms it will continue.

Someone's therapist knows all about you!

Tomz_KV8-Dec-17 3:17

8-Dec-17 3:17

Money payment (non-bitcoin) has to go through banks. with all the transaction records available, it is hard to believe that attackers do not get caught.

TOMZ_KV

F-ES Sitecore8-Dec-17 2:48

F-ES Sitecore

8-Dec-17 2:48

They'll go back to what they were using before BitCoin.

Western Union.

Tomz_KV8-Dec-17 3:25

8-Dec-17 3:25

F-ES Sitecore wrote:
Western Union.

Money order? The attackers have to give out their mailing address.

TOMZ_KV

F-ES Sitecore8-Dec-17 3:28

F-ES Sitecore

8-Dec-17 3:28

Haven't deal with many Nigerian princes, have you? Laugh | :laugh:

Tomz_KV8-Dec-17 3:44

8-Dec-17 3:44

Have not. But I do have a number of emails asking me to claim huge amount of money left by my deceased great great aunt. Need to act quickly.

TOMZ_KV

RJOberg8-Dec-17 3:02

RJOberg

8-Dec-17 3:02

Well, if bitcoins weren't worth anything, the attacks would still continue, the method has shown to be profitable. Instead they would demand whatever next hard to track currency is available... like USD sent to a compromised foreign account.

Tomz_KV8-Dec-17 4:14

8-Dec-17 4:14

RJOberg wrote:
.. like USD sent to a compromised foreign account.

I sometimes wonder how could they not get caught since all transactions go through banks including the foreign account unless that foreign country supports the attackers.

TOMZ_KV