Hacker News Reader

I mean cash is better for strictly better for illegal activities. That misconception has stuck and just stays there. One leaves way to many crumps with non-private digital assets. And private ones are treated like the plague.

Plus KYC and compliance checks for any exchange in the USA and EU (dunno about the rest of the world) practically bans anything iffy.

Compliance requirements have been stricter in Coinbase from my point of view than my banks...

View on HN

How does one order drugs in the dark web using cash?

Kinda hard to do ransomware with cash.

Well the OP did not mention ransomware, so my comment is not addressing that case.

Here is a fun article as a counter point: https://www.coindesk.com/markets/2021/07/13/dont-blame-bitco...

And my comment: Piracy and kidnapping of property existed long before cryptocurrency -- just google Somalian pirates. I don't have to reason about person kidnapping I assume.

Also: https://en.wikipedia.org/wiki/Ransomware#Encrypting_ransomwa... please read the history of ransomware. I guess all the criminals of the past since 1989 need to use time machines because they could not possibly do ransomware pre-cryptocurrency... /s

P.S. Downvoting because you disagree with a comment that addresses another comment is not really polite.

I don't even have the ability to downvote on HN.

Reply on news.ycombinator.com