Hacker News Reader

Which cryptos are scams and why?

well, most cryptos are scams. that's extremely obvious.

the 0.1% that are not are going to be the foundation for the next generation of web and finance -- this is also obvious.

but it's silly to pretend like most cryptos aren't just cash grabs. but just like 99.9% of websites on the internet are scams/ads/useless, doesn't take away from the importance of the legitimately useful websites.

> 99.9% of websites on the internet are scams/ads/useless?

Really?

Does Amazon, Wikipedia count as one website or do you just deploy an arbitrary definition of the word useless?

If it's so obvious why can't you explain it?

Which ransomware doesn’t use crypto?

Which ransomware doesn't use the Internet?

All ransomware that existed before crypto?

Usain Bolt and I can run.

Magnitude matters.

And ransomware was making a LOT of money before crypto, so we can't blame crypto for it. Magnitude matters.

Estimated 5 billion in 2021.

How much was it before crypto?

Has anything else changed since the early 90s that might make ransomware more profitable today than 30 years ago?

Cryptolocker is estimated to have "only" cost its victims millions. However, cryptocurrency already existed when it was released.

Reply on news.ycombinator.com