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Bitcoins and Ransom


Nathanael D. Striker

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http://www.nytimes.com/2015/07/26/business/dealbook/for-ransom-bitcoin-replaces-the-bag-of-bills.html?partner=msft_msn

 

Okay, so what we have is a classic extortion method being taken into the modern era. Easy, convenient, and untraceable for the criminal. So, let's have a discussion on the rise of Bitcoins and their use in this old criminal setup.

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There was a site I used to frequent that has BitCoin as a way of donating to the site, if you don't want to use PayPal.

 

Now I'm wondering if there's any real safe interaction to handle money online nowadays. I'd rather just keep the money in my pocket at this point, because on top of not trusting banks, I don't trust PayPal with any of my sheet.

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