It's going to be fun when ransomware strikes a cryptocurrency. Some of the software this grift is built on is not at NASA avionics level of correctness, and there sure is a lot of money for the taking.
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The logical endpoint is to have smart ransomware contracts that live on yet another blockchain, to make it more difficult for authorities to shut down these attacks. And then metaransomware can attack that, recursively, until we reach full employment.
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Putting it another way, because cryptocurrency can't be taken offline by definition, any cryptocurrency is automatically a bug bounty that is some fraction of that currency's total dollar value. (building on this excellent observation by
@qrs https://twitter.com/qrs/status/1395784294451265536 …)
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What's particularly exciting about ransomwareing a cryptocurrency infrastructure is the potential to improve the conversion funnel on the payment step. It automates away the clunkiest part of the operation (the textfile that explains to victims how to send the ransom)
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End of conversation
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They pretend they are backed by not pretend assets. Of course those assets by definition are not on a blockchain and thus you end up having to trust the coin issuer.
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