Author

Topic: 2012-08-03 MercuryNews.com Virtual currency comes with real threats (Read 1053 times)

legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Well FBI cannot say that the dollar is not real money but is just paper  Cheesy
donator
Activity: 2772
Merit: 1019
Virtual currency comes with real threats

 - http://www.mercurynews.com/business/ci_21228911/virtual-currency-comes-real-threats

Quote
In a report in April, the FBI cited two thefts involving bitcoins, a virtual tender accepted as payment by a number of online vendors. One victim in June reported that someone broke into their online wallet -- a data file that stores the currency -- and stole bitcoins worth $500,000 in real money. Three months before that, a similar heist netted more than $5,000, the FBI added, noting that "as long as there is a means of converting bitcoins into real money, criminal actors will have an incentive to steal them.

Bitcoin is real money as opposed to fake fiat, but I guess the majority will only understand this at some distant point in the future. Well, good for us Wink.
legendary
Activity: 2506
Merit: 1010
Virtual currency comes with real threats

 - http://www.mercurynews.com/business/ci_21228911/virtual-currency-comes-real-threats

Quote
In a report in April, the FBI cited two thefts involving bitcoins, a virtual tender accepted as payment by a number of online vendors. One victim in June reported that someone broke into their online wallet -- a data file that stores the currency -- and stole bitcoins worth $500,000 in real money. Three months before that, a similar heist netted more than $5,000, the FBI added, noting that "as long as there is a means of converting bitcoins into real money, criminal actors will have an incentive to steal them.
Jump to: