Topic: [NEWS] Star Trek / MONERO - RANSOMWARE (Read 2513 times)

Last i checked i had about $23 in Litecoins on Bittrex 
Lie more Junior 

Your Monero coins you have on the other hand.. well they may be in jeopardy

Hey Spoetnik,

Dash sucks. It's going to crash hard and you're going to lose everything.

Good night.

That was a joke referring to when i posted about a Javascript Ransomware i seen also at Neowin.net.
I posted in BTC main here and i got flamed hard for posting about it saying i was advocating it etc.
If anything i was warning people.  

Sorry for the confusion i had my intern post for me a bit lately.
FUD is big business and i gotta farm some of it out.. Indian Call Centers are surprisingly cheap.  

@Dino
It does not matter what YOU see the use of.
YOU do not matter.. nor do i.
You refuse to grasp reality.
You are bloody nuts with weird views that the general public does not share.
Most people driving to work like their paved roads etc. (paid for by taxes)

Ah.  Me too.  Because it permitted to transgress laws.  But if it is not transgressing laws, we already have good legal payment systems: fiat.  I don't see any, but absolutely any, advantage for people to get involved in other payment systems that are risky, clunky and will, in the end, not allow anything else than what you can do with the legal payment system.  I don't see the use of adding the burden of trustlessness and decentralization (it is a HUGE burden as compared to a swift centralized system) if there's nothing more that you can do with it than what you can do with the existing fiat system.  Bitcoin has been costing between $12 and $8 dollar a transaction the last few years.  It is not scalable, except if you go to a banking system, worse than the fiat banking system.  You take on top of that the high volatility, the risk of being stolen and the burden of having to be extremely careful, because everything is irreversible.  You broadcast your financial transactions open in the blue to the whole world, cryptographically graved in stone ; a fiat bank is way, way more private.

No, honestly, bitcoin doesn't serve any purpose, doesn't bring in the slightest bit of value over fiat payments if you can do it with fiat payments.  The whole of Amazon is a credit card click away.  If there is a problem, I can discuss with my bank.  If someone steals my stuff I can complain, and this is reversed or in any case, guaranteed.   With bitcoin, you are depending on 5 Chinese guys to make your block chain, when they don't get enough fees, they block the network with spam, your payment doesn't get confirmed. 

Why on earth would I want people to adopt such a wasteful, clunky, dangerous and volatile payment system to buy coffee or books on Amazon when everything works much, much better with fiat ?

Only when I cannot do it with fiat.  And banks will try to make you do everything which is legal with fiat.  So, essentially, crypto only has economic value when it is unregulated, illegal or criminal.

There is no reason for Joe to adopt crypto if he doesn't want to go there.  Fiat is much, much better and unbeatable: it is centralized.  You can never build a system with the burden of decentralization and trustlessness that can compete with a centralized system.  So the only ways where such a system makes sense, is if there's no centralized system that can compete.


You don't understand the basic principles of these systems.  Primecoin tried to do something of the kind.  PoW is a very rough concept, that only makes sense to kill seigniorage, but is a horrible idea to secure a cryptographic system.  In fact, it is the worst possible form of cryptography, because the "good guys" and the "bad guys" are on equal footing.  Normally, a cryptosystem gives an advantage to the "good guys" (for instance, those that know a secret key).  PoW is the worst form of cryptographic protection. 


No, it is totally meaningless.  If you do something valuable with PoW, then it is not punishing you if you double-proof.  You get then the "nothing at stake" consensus divergence.

Suppose that I do PoW to sell heat, in such a way that I earn (money wise) exactly the cost of my "mining PoW".  I wouldn't have the slightest problem upscaling a thousand-fold, selling thousand times more heat (in competition with non-PoW heat providers which is a huge market), and redo the block chain.  It is only when the PoW that I have to deliver is actually WASTEFUL and COSTLY that I will not do so.  If I can sell the by-product of my PoW for the same value as what it costs me, I do not care about wasting PoW and it loses entirely its security aspect.


Because these projects are naive and misguided (and yes, me too, I bought some prime coin because I liked the idea before I understood much better these systems).


I hope not for monero's sake !


I don't see the use of it.  If they do so, it is to "mine the speculators".  But bitcoin has no use for the public, if the public can do it with fiat.


Getting rid of state and law is freeing up humanity, not "destabilising" it, but this is difficult to understand for most endoctrinated people.

I knew it

Dino if it's not used ..it's not a currency

Why do i personally want adoption ? Interesting !
I had to think for a minute and i'd say because of the advancement of humanity.
When i seen Bitcoin and Grid Coin and Prime Coin etc i thought ok shit.. this could change humanity.

I have said lots before i always envisioned a digital currency that was tied *somehow* to doing a productive task vs mining burning up electricity for pretty much no good reason. (see Bitcoin LOL)
If we had a world wide grid of mining computer hardware that got a block reward or something in exchange for farming out the computer power i see that as an advancement for humanity.
If ALL users on earth were backing it we could have a lot of computer power combined.
Then if all that computer power was used to to do an extra scientific task over-top of the currency aspect then hell win/win right ?

Problem i see though is getting it done.
So far people are not interested in currencies.. they are interested in "penny stocks" in unregulated crypto markets.
I think people were in the past idealistic and optimistic but it waned and faded.
People can debate if it's better now than day mid-2013 but i say it's way worse.
We have believers replaced with profiteers.

We have projects like what i mentioned above ignored because *fast* profits dried up.
Prime Coin from SunnyKing was a rising star here and i got on it a bit late but..
It WAS big for a while.. it got a market on Cryptsy for example.

You see the shift in crypto overall ?
NOW we have profit mongers asking what gives me money ...and fast ?

Anyway i mentioned in my last comment what i think the problem is.
Take again the Royal Bank of Canada.. will they ever have anything to do with Monero ?
Nope.
Bitcoin ? that is an actual possibility (far more so than dedicated Anon coins)
The Bitcoin mixers are wise thing.. having that separate is a smart decision i think.

Why do YOU want crypto coins to succeed ? Profits ?
I'd like to see advancement.. I'd like to see a currency ..used as a currency    

@Dino
No offense but i still think you are awful with analogies

PS:
Dino i have no interest in destabilizing humanity by destroying the existing financial structure.
..like YOU do !
I like my paved roads and don't mind paying my taxes.
And i am not just saying that so i don't get put on a watch list ROFL  

Dino you have railed on lots saying FIAT should be destroyed and no taxes / governments type crap..
Uhhh dude ?
Just what would that look like ?

No.  I want these things abolished.  That's why I like crypto.

But Spoetnik, the real question to you is: why do you want to favor adoption of crypto ?

Suppose that I was saying: "I want pink noise to be integrated with the music industry, because I want greater adoption of pink noise listening".

Would that make sense ?  Why would I want people to listen to pink noise ?  Maybe I'm selling pink noise.  That would be a motive.  Maybe politically, I want pink noise to rule the world.  That also makes sense.

But why would you want people to adopt crypto, and bitcoin in particular ?  What good does that bring ?  To you ?  To people ?

I don't want crypto adoption for crypto adoption.  I think that crypto is great for those things were legal money cannot go, and as I think it is important that a lot of illegal things can happen, I think crypto is great, for that purpose.  

But you ?  Why would you want crypto adoption ?  What good does it bring ? If it goes where legal payments also go, what good is it ?  LIke what good is it to make people listen to pink noise if they listen already to music ?

This news here *IS* bad news.
Yes it does in a perverse way legitimize the currency.. i get it guys.
I said waaay back crypto coins will have made it when prostitutes on the street accept it or drug dealers.
And no not just dark market crap but actually people in person selling drugs on the street corner etc.

I have no problem with them using the currencies really.
If we want the mass population involved then i guess we will get criminal activity too.
Problem is i have told you all endlessly that i have talked to friends family and strangers on the street and ALL of them have bad things to say.. Bitcoin's reputation is horrible !
Many think it's dead and say ohhh that drugs and guns internet coin thingy is still going ?

So when Monero is started they had to overcome that stigma BTC created with Silk Road etc..
NOW the Monero idiots proudly brag about getting *minor Monero usage on Dark Markets.

I can't see this any way but bad (news).

So..
Why do i favor the legalization of crypto ? i said lots.. ADOPTION.

We will need the entire planets FIAT financial structure to integrate with crypto coins.
All of a sudden there is a problem !
Remember when i said laws were coming and you all mouthed me off and said.
- We don't need ties to FIAT.
- They can't stop us.

Remember all of you in the scene saying that over & over ?
Well.. Cryptsy started taking Picture ID then Poloniex and Coinbase.
Then they added US & CAN tax rules..
THEN i said "I told you so" as Ripple was Fined by FiNCEN and Localbitcoins users were arrested by the FBI in a Florida parking lot for going over the AML limits. (30k worth of BTC was sold in person)

I was right and i knew it !

And i am telling you guys you are in for a battle and if you want to fight then fine but that is not a good way to get mass adoption.
For one thing most of the world doing business can not integrate with crypto coins because if they violate their own countries financial laws then forget it.
Is the Royal bank of Canada going to integrate Monero transfers ?
Fucking hell no.. NEVER !

Financial people were talked to in my town in the Newspaper 1 year ago when they did a story on Bitcoin.
(90% wanted nothing to do with it and 1 guy admitted he dabbled in it but would not tell his colleagues etc about it because it is deemed highly sketchy shit. (he did not want his name published)
Crypto crap is not something professionals talk about publicly.
It's not a giggle factor it's a sleazy sketchy pyramid scheme drugs & guns and RANSOMWARE factor.

I am one of the few people here feeding you all the truth.
I don't live in some fantasy world like some of you.
What is important here is the causalities are going to mount in this war.
Exchanges vanishing with money after getting legal pressure should be the norm.
Many of them are govt compliant as it is already so what are you defending ?
Cryptsy said they lied to users and made up excuses then locked peoples accounts and then handed their info etc off to the fed's.. so what you all do ?
You brag about Dark Market usage then hand Polo your ID and buy Monero "Anon" coins.

..good luck with that  

Why don't you stick to fiat ?  Much better as a currency.
And, BTW, bitcoin has been the market leader as for now in ransomware.  And in dark markets.  So if this is bad publicity for monero, it is even more bad publicity for  bitcoin, no ?  Except that bitcoin is dangerous to be used that way, you need to trust tumblers...

Monero is one of the only coins having a closed form of economy.  Make ransomware, force people to pay in monero, buy drugs on dark market with it ; dark markets selling it to people needing it to pay ransomware.  

Note how close this is to fiat: states force people to pay taxes in fiat, people needing to obtain fiat, states buying "drugs and prostitutes" with it.  Real currency value.

This is a typical niche application of crypto.  Fiat can not do that.  I'm not saying it is the only niche.  I'm not saying it is a "moral" niche (haha, morality and trustlessness, big joke).  This KIND of niche is the true economic value of crypto.


*I* 'm the one pointing out that crypto is useless where fiat can go, and can only serve niche applications such as the one I'm pointing at.  YOU're the one shouting for "legal crypto adoption" which is totally crazy: as you say yourself, fiat proved itself, crypto not.

All non-niche crypto is just a greater-fool game.

See this guys shtick ? Talk about a contrarian  
His analogies as usual fail miserably..

Infecting people with a virus so you can extort a ransom from them by holding their private data captive..
is NOT like a government tax paid that gives you GAZILLIONS of services.

Who pays for the following ?

- Fighter jets to patrol your skies.
- A Police force to catch murderers and Ransomware makers.
- A Fire dept to put out your house or forest fire.
- Roads.
- Medical..

blaaaaaah blah b;lahahahahah

Who pays for that ? Ransomware makers ?

@Febo
I like "Freedom Fires"  
..even though they are not French LOL

Hey ..post more stupid shit guys it amuses me.

---

EDIT:

@user27
A key point guys like Dino forget about is crypto coins like Monero are NOT ADOPTED yet.
So we have yet to give the sales pitch that will of course have to overcome crypto's growing bad reputation.
He likes to rail on about FIAT but it's ALREADY used !
FIAT has nothing to prove.. MONERO DOES !

In my opinion this is going to hurt real bad news for monero.

I think that Bitcoin is idea of keeping a public letter is better because there is really no point of having full anonymity it's just going to let the gangsters be the only users and promote the act of illegal good purchases.

I'd stick to bitcoin...

Taxes are also there being fuck heads to strong arm your money.

I bet Spoetnik don't eat French Fires.

Nah, ransomware is a tax on people not making backups.

Interesting story for sure.
I hope people take this threat more seriously.
I was joking before saying people should buy Monero just in case

I think these Ransomware guys are 1,000x worse than any Dark Market guys.
It's one thing to be buying & selling goods with willing participants
and another to prey on people.

It always surprises me how often these guys pay the ransom.
This just gives crypto a bad name and brings heat to the scene.

@francis
I have no clue what that Dash telegram thing is.
I have had nothing to do with Dash or had any Dash coins ever.
I just post a lot that users should apply their criticism equally.
As in not ignoring what one coin does and harping on about the competitor only.

If I be honest, this is not really a surprise. I've heard about people selling Monero RATs before on this forum. Essentially the program mines coins on the victim's computer, resulting in a botnet of Monero miner. Not really a Monero supporter, but why does it matter, these criminal activities are expected if a coin is anonymous.

I've seen your other posts, and I'm pretty sure I know who you are in the Dash telegram group.

It's pretty obvious what you are doing here and it's not working.

They probably used monero because, I don't know, someone intelligent enough to write ransomware is intelligent enough to see that Zcash isn't Trustless and Dash is less anonymous than Bitcoin.

https://cointelegraph.com/news/us-corporations-are-buying-bitcoin-to-quickly-resolve-ransomware-attacks