Submitted by ObviouslyNotMe in axolotl
Suppose someone found CC info on the darkweb. They then created a brand new bitcoin wallet, and through a sketchy bitcoin vendor that doesn't require ID verification, used those CCs to buy some bitcoin. With the bitcoin in that wallet, they deposited it into a bitcoin casino, maybe played a few rounds of dice or whatever, then cashed out into a different wallet. Where do you think the possibility of being caught lies? Assuming this person is using a TOR browser, shouldn't the risk of being caught be rather low?
I'm looking for input on this idea as I am writing a book where my main character has a disdain for capitalism and has no desire to labour and generate profit for someone else or face starvation. This character I'm writing does not wish to harm any other working class people, so in doing this infinite money glitch, they want to make sure it is entirely ethical, where the only ones that suffer a loss are the credit card companies. When someones CC is stolen and used, all they need to do is report it to their bank and they will be let off the hook for all charges, correct? I just want to make sure because I want this book to be as realistic as possible and want to write my characters well.
Unless in cases of disability or working class people who are far to busy to constantly scrutinize their credit card charges you will just be stealing from them. Sometimes it will take months for victims of CC fraud to get their money back. In cases of people living paycheck to paycheck this could make them miss their rent payment or be unable to buy food.
So no it won't hurt most people but it will hurt the most vulnerable people substantially.