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posted by cmn32480 on Friday January 05 2018, @10:56AM   Printer-friendly
from the stable-and-anonymous dept.

Submitted via IRC for SoyCow8317

Cybercriminals are increasingly moving away from bitcoin as their preferred digital currency in favor of lesser-known cryptocurrencies because of prolonged transaction delays, surging transaction costs and general market volatility, experts tell CyberScoop.

Although cybercriminals have been slowly moving away from bitcoin for months, researchers say a noticeable shift towards alternative coins — such as Monero, Dash and ZCash — occurred when bitcoin's value skyrocketed over $19,000 for one bitcoin in mid-December. The price has drastically fluctuated between $12,000 and roughly $19,000 since then.

"Many cybercriminals emulate the operational best practices of legitimate businesses in order to minimize their overhead costs and maximize returns, and in the case of high transaction costs with bitcoin, it makes perfect sense to look at other coins with smaller overheads," said Richard Henderson, a global security strategist with endpoint cybersecurity firm Absolute.

Source: https://www.cyberscoop.com/bitcoin-hype-pushers-hackers-to-stash-their-money-in-lesser-known-cryptocurrencies/


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  • (Score: 0) by Anonymous Coward on Saturday January 06 2018, @07:56AM (3 children)

    by Anonymous Coward on Saturday January 06 2018, @07:56AM (#618670)

    Interesting...

    Which means that if you're trying to settle a debt in the US (say, a restaurant bill) and offer US dollars to pay for it, then you legally attempted to pay your debt and your creditor cannot both refuse your payment and go after you for it.

    I have seen motels that won't take cash. They demand a credit card.

    I wonder if I offered cash... they would not take ... so I just pull around and take the family into the motel room - busting and replacing the lock if I have to... and they call the cops.

    Well, I offered cash. They did not take it, so the debt is settled?

  • (Score: 3, Insightful) by deimtee on Saturday January 06 2018, @11:16AM (2 children)

    by deimtee (3272) on Saturday January 06 2018, @11:16AM (#618710) Journal

    No, you will get your ass thrown in jail. They refused you a oom, you committed "break and entry". There never was any debt.
    If they let you stay, and then the next day refuse cash payment but demand a credit card, that might fit your scenario better.

    --
    If you cough while drinking cheap red wine it really cleans out your sinuses.
    • (Score: 2) by deimtee on Saturday January 06 2018, @11:21AM (1 child)

      by deimtee (3272) on Saturday January 06 2018, @11:21AM (#618711) Journal

      Not an oom. They refused you a room

      I need a new keyboad with a woking r.

      --
      If you cough while drinking cheap red wine it really cleans out your sinuses.
      • (Score: 2) by maxwell demon on Saturday January 06 2018, @05:13PM

        by maxwell demon (1608) on Saturday January 06 2018, @05:13PM (#618825) Journal

        A keyboard with an r that makes Chinese food?

        --
        The Tao of math: The numbers you can count are not the real numbers.