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@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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Joined July 2009

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    Pinboard‏ @Pinboard May 21

    Pinboard Retweeted Stephen Diehl

    The whole thread is great. Criminal activity is what keeps the cryptocurrency bubble inflating (with money laundering the principal use case). The basic critique of crypto is that if it doesn't work, there's no point to it, and if it works as advertised, it attracts all the crimehttps://twitter.com/smdiehl/status/1395687848230199296 …

    Pinboard added,

    Stephen Diehl @smdiehl
    Ransomware is growing exponentially because if you have a technology that enables the perfect crime that is both highly lucrative and removes any risk of being caught, there's very little reason to do any other type of cybercrime. A storm is coming. (15/) https://www.stephendiehl.com/blog/ransomware.html …
    Show this thread
    7:46 AM - 21 May 2021
    • 100 Retweets
    • 325 Likes
    • y'all'dn't've Antifa space program 🍥 Aditya Kumar Nayak mark risher Stephen Aghaulor David $RSR-RichieRich🚀🚀🚀🚀 Mutacious Durga
    9 replies 100 retweets 325 likes
      1. New conversation
      2. Pinboard‏ @Pinboard May 21

        There's parallels here to the E2E debate. If you build unbreakable anonymous messaging, criminals will use that. Conversely, there are sympathetic people who use cryptocurrency to evade oppressive governments. The difference is in the tradeoff.

        2 replies 4 retweets 39 likes
        Show this thread
      3. Pinboard‏ @Pinboard May 21

        For E2E, the benefit of thwarting mass surveillance so far outweighs the costs that we accept them. But there's no benefit from cryptocurrency that balances out being able to shut down Atlanta and get anonymously paid, or launder hundreds of millions of dollars across borders.

        3 replies 17 retweets 78 likes
        Show this thread
      4. Pinboard‏ @Pinboard May 21

        And let's not even start on "smart contracts", the next wave of cryptomania. In the best case, smart contracts are a way to weld unpatchable bugs in code directly to your bank account. In the worst case, they're an obfuscated C contest where the winner gets to take all your money

        6 replies 59 retweets 154 likes
        Show this thread
      5. Pinboard‏ @Pinboard May 21

        The state of the art in computer programming in 2021 is such that we can't secure a light bulb. But VCs now want to port five hundred years' of contract law into immutable code and hook up to grandma's retirement account.https://blog.checkpoint.com/2020/02/05/the-dark-side-of-smart-lighting-check-point-research-shows-how-business-and-home-networks-can-be-hacked-from-a-lightbulb/ …

        2 replies 30 retweets 84 likes
        Show this thread
      6. End of conversation
      1. Michael Krakovskiy‏ @deadprogrammer May 21
        Replying to @Pinboard

        I think you are underestimating the drug trade.

        0 replies 0 retweets 6 likes
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      2. The Dude‏ @the__dude98 May 21
        Replying to @can @Pinboard

        Don't forget about never being able to buy a cheap HDD or SSD again!

        0 replies 0 retweets 2 likes
      3. End of conversation
      1. New conversation
      2. Morpheus Nakamoto‏ @cryptofeudalism May 21
        Replying to @Pinboard

        Dangerous technologies are required to protect honest people from dangerous people. If they’re outlawed then only criminals will use them.

        1 reply 0 retweets 1 like
      3. Morpheus Nakamoto‏ @cryptofeudalism May 21
        Replying to @cryptofeudalism @Pinboard

        Would you connect to your online banking without encryption? Even though encryption can be used to send illegal content

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Coinfused‏ @Coinfused2 May 21
        Replying to @Pinboard

        Add to it US or international sanctions, it is said that Iran deals oil with Bitcoin

        1 reply 0 retweets 0 likes
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