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Lockbit Ransomware Cripples Australian Ports, Chinese Bank (www.ultra-unlimited.com)

submitted 1 year ago by Ultra_Unlimited@discuss.tchncs.de to c/securitynews@infosec.pub

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[–] EmperorHenry@infosec.pub 2 points 1 year ago (1 children)

Crypto by its nature is somewhat murky and we’ve never really known who hold what or how many whale institutional investors have been pumping and dumping coins to circumvent troubling anti money laundering KYC regs etc

Many crypto currencies that no one has ever heard of are worthless and will always be worthless, but bitcoin, manero and dogecoin are worth something. bitcoin and manero are worth A LOT, dogecoin is worth almost nothing, but its value goes up and down really fast and really drastically every time it changes.

Also it's a good thing that no one can track who has what amounts of which crypto currency, don't you think? That way the banks can't monitor or control it.

[–] Ultra_Unlimited@discuss.tchncs.de 0 points 1 year ago

It's a good selling point but I believe the whales have always been able to manipulate markets as a result of these supply chain issues not to say its very different from central banking but I truly question how decentralized control is across the cryptolandscape.