[ExI] quote for the day
anders at aleph.se
Thu Mar 24 09:13:37 UTC 2016
On 2016-03-24 02:15, spike wrote:
> I wouldn’t. But what about the slimeballs who locked those hospitals’
> files? Did they get away? Couldn’t some commie get in cahoots with
> kidnappers here, make money on bitcoin? Is it really untraceable?
The untraceability of bitcoin is debatable. Without mixing, the
blockchain actually is a tamperproof, distributed accounting ledger of
bitcoin transactions, so one would be able to find at least to what
anonymous accounts the money went. However, there are mixing nodes that
make it hard or impossible to follow an individual bitcoin... in
principle. I get the impression there are practical limitations here.
But the key practical limitation is that if the malware makers reside in
a country with a government that looks the other way (especially for
hacking stuff in countries they do not like anyway), then traceability
does not matter much.
Kidnapping is harder to succeed with than locking files, since you need
to actually physically grab somebody, putting you in harm's way. Digital
crimes can also be automated so you don't have to work so much.
Future of Humanity Institute
Oxford Martin School
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