Do you agree that there are negatives factors with regard to crypto? Yes or no.
Current Affairs Stocks and shares and stuff
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nikom court
Player Valuation: £20m
You can find negatives in anything if you look hard enough
It’s a simple question. Do you think there are negative factors associated with crypto?
nikom court
Player Valuation: £20m
All that that means is new tech enabled more sophisticated attacks, would you prefer to go back to the horse and cart because bank robbers had faster get away cars?I personally cannot recall a large healthcare system being shut down with ransom demands in fiat currency, perhaps you know of some?
Demanding ransoms of individuals and businesses of course has a long history but ransomware as I inderstand it is a relatively new twist and an escalating issue.
Starting from around 2012, the use of ransomware scams has grown internationally.[6][7][8]There were 181.5 million ransomware attacks in the first six months of 2018. This record marks a 229% increase over this same time frame in 2017.[9] In June 2014, vendor McAfee released data showing that it had collected more than double the number of ransomware samples that quarter than it had in the same quarter of the previous year.[10]CryptoLocker was particularly successful, procuring an estimated US$3 million before it was taken down by authorities,[11] and CryptoWall was estimated by the US Federal Bureau of Investigation (FBI) to have accrued over US$18 million by June 2015.[12]Ransomware - Wikipedia
en.wikipedia.org
No because I see benefits in the use of cars, not least being able to get to doctors/hospitals quicker, that dramatically outweighs the costs of them being used illegally (drunk driving, getaway cars etc)
I do not currently see the same cost benefit from crypto - you and others clearly do so I’ll leave it there as none of us are going to change our minds.
Paris
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FIAT / Cash will always be the most dominant form of theft as it's incredibly easy to manipulate someone into giving you cash, despite our best efforts to make people aware that they shouldn't be transferring £1000s to someone they've not spoken to before and they will most likely get away with it. Good luck trying to tell a geriatric how to transfer crypto to you.
Edit: I see that this argument has run its course lol
Ransomware typically targets organisations, not your gran. As LL says, nearly all ransoms are demanded in crypto.
Paris
What is love?
As stated, what's needed is beefed up security and people being kept on their toes all the time. It is best to think of it as a war. If you're vulnerable you're going to get punished and will lose the war. Every ransomware attack by people motivated by greed is a learning opportunity so you can see your vulnerabilities and do something about it and protect yourself from terrorism or a state actor looking to cause a mass loss of life.
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Given the value of most houses, that's a whole lot of shares people must have, especially as large sections of society can't afford an unexpected household bill.
I was very surprised by the breakdown, stock market has done well recently but so have house prices and the latter is where most middle income families traditionally have their assets.
Presumably that will include pension assets etc.
Also it’s probably *net* assets. Most property is bought with debt.
which makes the chart make more sense.
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