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  3. Lets use a gun to kill a fly?

Lets use a gun to kill a fly?

Scheduled Pinned Locked Moved The Lounge
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  • R Offline
    R Offline
    Rod Bergren
    wrote on last edited by
    #1

    someone sent me this article. Ban Cryptocurrency to Fight Ransomware - WSJ[^] All I can think about is. So lets ban something because we don't like it just because we know some bad people are using it. First off the bad actors will find another method of payment. Grand Caymens etc... Second off there are legitimate uses for Crypto that would be killed. I am not a huge fan of crypto currencies but seriously this just seems like rubbish to me. Thoughts?

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    • R Rod Bergren

      someone sent me this article. Ban Cryptocurrency to Fight Ransomware - WSJ[^] All I can think about is. So lets ban something because we don't like it just because we know some bad people are using it. First off the bad actors will find another method of payment. Grand Caymens etc... Second off there are legitimate uses for Crypto that would be killed. I am not a huge fan of crypto currencies but seriously this just seems like rubbish to me. Thoughts?

      R Offline
      R Offline
      rnbergren
      wrote on last edited by
      #2

      this was actually me. I accidently signed in with my google account which I never use. anyway thoughts?

      To err is human to really elephant it up you need a computer

      1 Reply Last reply
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      • R Rod Bergren

        someone sent me this article. Ban Cryptocurrency to Fight Ransomware - WSJ[^] All I can think about is. So lets ban something because we don't like it just because we know some bad people are using it. First off the bad actors will find another method of payment. Grand Caymens etc... Second off there are legitimate uses for Crypto that would be killed. I am not a huge fan of crypto currencies but seriously this just seems like rubbish to me. Thoughts?

        S Offline
        S Offline
        Slacker007
        wrote on last edited by
        #3

        It is my opinion that people often call for bans on things they don't understand and/or are afraid of. People also have a tendency to not like what they do not understand. Fear and lack of understanding is probably due mostly to lack of education on said topic/subject. In this case, crypto currencies.

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        • S Slacker007

          It is my opinion that people often call for bans on things they don't understand and/or are afraid of. People also have a tendency to not like what they do not understand. Fear and lack of understanding is probably due mostly to lack of education on said topic/subject. In this case, crypto currencies.

          N Offline
          N Offline
          Nelek
          wrote on last edited by
          #4

          People fear what don't understand, hate what they are afraid of and destroy what they hate...

          M.D.V. ;) If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about? Help me to understand what I'm saying, and I'll explain it better to you Rating helpful answers is nice, but saying thanks can be even nicer.

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          • R Rod Bergren

            someone sent me this article. Ban Cryptocurrency to Fight Ransomware - WSJ[^] All I can think about is. So lets ban something because we don't like it just because we know some bad people are using it. First off the bad actors will find another method of payment. Grand Caymens etc... Second off there are legitimate uses for Crypto that would be killed. I am not a huge fan of crypto currencies but seriously this just seems like rubbish to me. Thoughts?

            T Offline
            T Offline
            theoldfool
            wrote on last edited by
            #5

            Seems like, some time back, they decided to save lives on the highway by banning speeding.

            If you can keep your head while those about you are losing theirs, perhaps you don't understand the situation.

            S Greg UtasG 2 Replies Last reply
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            • T theoldfool

              Seems like, some time back, they decided to save lives on the highway by banning speeding.

              If you can keep your head while those about you are losing theirs, perhaps you don't understand the situation.

              S Offline
              S Offline
              Slacker007
              wrote on last edited by
              #6

              more like speed limits. you are still speeding. but I get your point.

              1 Reply Last reply
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              • T theoldfool

                Seems like, some time back, they decided to save lives on the highway by banning speeding.

                If you can keep your head while those about you are losing theirs, perhaps you don't understand the situation.

                Greg UtasG Offline
                Greg UtasG Offline
                Greg Utas
                wrote on last edited by
                #7

                Penny ante and mostly about revenue. They also banned drugs and guns. But to paraphrase this post[^] from a couple of days ago, markets find a way.

                Robust Services Core | Software Techniques for Lemmings | Articles
                The fox knows many things, but the hedgehog knows one big thing.

                <p><a href="https://github.com/GregUtas/robust-services-core/blob/master/README.md">Robust Services Core</a>
                <em>The fox knows many things, but the hedgehog knows one big thing.</em></p>

                T 1 Reply Last reply
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                • Greg UtasG Greg Utas

                  Penny ante and mostly about revenue. They also banned drugs and guns. But to paraphrase this post[^] from a couple of days ago, markets find a way.

                  Robust Services Core | Software Techniques for Lemmings | Articles
                  The fox knows many things, but the hedgehog knows one big thing.

                  T Offline
                  T Offline
                  theoldfool
                  wrote on last edited by
                  #8

                  I have been involved in the recovery from ransomware 4 times. 2 were serious. The first was some 4 or so years ago. The ransom demand was via credit card, not sure anyone had heard of bitcoin yet. They "only" encrypted data files. Don't recall any dingbat journalist suggesting that credit cards be banned. A couple of years later, another one I helped with took down a domain controller with Exchange. Both clients had air gaped backups less than 2 days old. Both triggered via email, one exchange the other yahoo mail. Both clients maintain strict PCI compliance, no CC info can be retained. Costs money. Causes headaches. Provides income to IT contractors.

                  If you can keep your head while those about you are losing theirs, perhaps you don't understand the situation.

                  W 1 Reply Last reply
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                  • R Rod Bergren

                    someone sent me this article. Ban Cryptocurrency to Fight Ransomware - WSJ[^] All I can think about is. So lets ban something because we don't like it just because we know some bad people are using it. First off the bad actors will find another method of payment. Grand Caymens etc... Second off there are legitimate uses for Crypto that would be killed. I am not a huge fan of crypto currencies but seriously this just seems like rubbish to me. Thoughts?

                    L Offline
                    L Offline
                    Lost User
                    wrote on last edited by
                    #9

                    Thoughts? "There is no connection between crime and thinking you can get away with it". That's your theory.

                    It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it. ― Confucian Analects: Rules of Confucius about his food

                    1 Reply Last reply
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                    • T theoldfool

                      I have been involved in the recovery from ransomware 4 times. 2 were serious. The first was some 4 or so years ago. The ransom demand was via credit card, not sure anyone had heard of bitcoin yet. They "only" encrypted data files. Don't recall any dingbat journalist suggesting that credit cards be banned. A couple of years later, another one I helped with took down a domain controller with Exchange. Both clients had air gaped backups less than 2 days old. Both triggered via email, one exchange the other yahoo mail. Both clients maintain strict PCI compliance, no CC info can be retained. Costs money. Causes headaches. Provides income to IT contractors.

                      If you can keep your head while those about you are losing theirs, perhaps you don't understand the situation.

                      W Offline
                      W Offline
                      Wastedtalent
                      wrote on last edited by
                      #10

                      theoldfool wrote:

                      Both triggered via email

                      Did they subsequently campaign to ban e-mail? I could get on board with that!

                      T 1 Reply Last reply
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                      • W Wastedtalent

                        theoldfool wrote:

                        Both triggered via email

                        Did they subsequently campaign to ban e-mail? I could get on board with that!

                        T Offline
                        T Offline
                        theoldfool
                        wrote on last edited by
                        #11

                        If it wasn't for spam and my daily briefing from Cortana, I wouldn't get much email. Come to think of it ....

                        If you can keep your head while those about you are losing theirs, perhaps you don't understand the situation.

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                        • R Rod Bergren

                          someone sent me this article. Ban Cryptocurrency to Fight Ransomware - WSJ[^] All I can think about is. So lets ban something because we don't like it just because we know some bad people are using it. First off the bad actors will find another method of payment. Grand Caymens etc... Second off there are legitimate uses for Crypto that would be killed. I am not a huge fan of crypto currencies but seriously this just seems like rubbish to me. Thoughts?

                          O Offline
                          O Offline
                          obermd
                          wrote on last edited by
                          #12

                          Normally I like and agree with the WSJ, but in this instance they're showing their bias in favor of current industries. In this case it's the banking industry which hasn't figured out how to handle cryptocurrencies.

                          1 Reply Last reply
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                          • S Slacker007

                            It is my opinion that people often call for bans on things they don't understand and/or are afraid of. People also have a tendency to not like what they do not understand. Fear and lack of understanding is probably due mostly to lack of education on said topic/subject. In this case, crypto currencies.

                            W Offline
                            W Offline
                            willichan
                            wrote on last edited by
                            #13

                            I put people that call for bans in the same group that call for "class action" lawsuits for everything. Most people don't realize that a class action suit lets the company pay a lot less overall, and only the primary plaintiff and the lawyers get any real payout. It costs a company a lot more to deal with thousands of "small claims" cases than one "class action" case. In the case of people calling for bans, all they are doing is drumming up free advertising for the people they want banned. Money makes the world go round ... but documentation moves the money.

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