[mijamo]

Of course it is lower! You have plenty of rich people living in known places without any special security and no one comes to kidnap them because they cannot just send over their whole wealth in an irreversible transaction in a second. The problem is not to know who has money, it is a system in which it is trivial to transfer it without any supervision and without any way to go back.

[akimbostrawman]

Correct which means it's even more important for that currency to be not public but private and even anonymous.

[0dayz]

... Which means an even easier time for ransom criminals?

[dandanua]

> it is a system in which it is trivial to transfer it without any supervision and without any way to go back

And somehow they praise it as a solution to all world's problems.

[akimbostrawman]

Who is this they? cryptocurrencies and there users are a highly fragmented ecosystem. Ofc if you only listen to the most obnoxious superficial corners you will find conmen like in any community involving finances.

cryptocurrencies solve real world problems but like any technology also have drawbacks.