Bitcoin is in trouble - page 2. | Bitcointalksearch.org

greBit

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Quote from: Facultid on March 01, 2016, 02:39:43 PM

Quote from: ?? on ??

Media and government will blame bitcoin for this incident (as usual) even though the hacker is the one who to blame.
This might be reason to "ban" bitcoin, just like what happened to other country.

It is the human being who should be blamed for the wrong doing. Bitcoin can be used for very good causes.

Yes it is the government which is so corrupt and always try to blame bitcoin.
but i do not think bitcoin will be in trouble because bitcoin is not illegal.

Facultid

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Quote from: ?? on ??

Media and government will blame bitcoin for this incident (as usual) even though the hacker is the one who to blame.
This might be reason to "ban" bitcoin, just like what happened to other country.

It is the human being who should be blamed for the wrong doing. Bitcoin can be used for very good causes.

srinikethan

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i think that is fake..coz bitcoin value can never come down so drastically,its always constent with little ups and downs...in my country it has not decreased,so i guess its not in trouble

diodio5

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Quote from: RealBitcoin on February 20, 2016, 05:13:51 AM

Just fuck with this negative stuff. Ignore them, focus on the positive side of bitcoin. Like the tons of bitcoin charities that are around

yeah in my country is very helpful bitcoin. many bitcoin users. are delivering aid.
maybe we need to have a container like bitcoin foundation to help others, so that the bad image of bitcoin disappear

JosNekoKopa

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Whole world is in trouble with this attitude!

We need community, to initiate openly calls everyone who can hunt those bastards to do so.
Hackers and anonymous groups to find them and make examples of them.
What do you think?
I'm not a dreamer.

Anno MMXVI

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I don't see why you say that it is in trouble. If the hospital can't be securised, then this is the fault to themselves. If the hackers wanted to be paid in diamonds, would the medias blame the diamond mining companies ? No. This is such a blatant obstination against Bitcoin...

romero121

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These are very minor issues which can be fixed once the developers keep focusing of the future growth, But if such scenario's were left unnoticed then it would have a great impact on the future of bitcoin.

RealBitcoin

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Just fuck with this negative stuff. Ignore them, focus on the positive side of bitcoin. Like the tons of bitcoin charities that are around

AliceWonderMiscreations

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One of the issues with using a mixer, they can get you for money laundering even if they can't prove the original funds were stolen. At least in the US.

I think waiting for the address you sent the funds to to become old news and then traveling, importing private address into fresh never used wallet, and selling in a country where the crime didn't happen is easiest way to avoid prosecution.

monsanto

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..like bright metal on a sullen ground.

Quote from: AliceWonderMiscreations on February 20, 2016, 04:32:54 AM

Quote from: monsanto on February 20, 2016, 12:59:13 AM

Quote from: AliceWonderMiscreations on February 20, 2016, 12:37:41 AM

Quote from: monsanto on February 20, 2016, 12:12:12 AM

Quote from: AliceWonderMiscreations on February 19, 2016, 11:26:38 PM

Sorry, but as a US citizen I have to say the US really isn't that important.

Yes there would be a price dip, but no, the vision would not die.

And no, congress won't make it illegal because of this anyway - that's an absurd proposition.

ransomware predates bitcoin.

What congress might do is create laws requiring adequate backup of medical databases and fine hospitals that don't do it.

I didn't say congress would make it illegal because of what has taken place so far, but things could get worse. Also, the terrorist angle could come into play if it is connected to an ISIS attack for example.

Ransomware predates bitcoin but it could never take place on this scale without it. If this hospital payed by any other means it would be easier to track.

Oh there's a good chance it will be tracked.

Sure a mixer will likely be used, but don't trust that mixers haven't been compromised. The NSA for example has a lot of compromised machines it allows to run for that purpose, and a collection of 0 day exploits that would blow your mind.

I agree. They probably are developing impressive blockchain tracking. Although the people who received the bitcoin can mix away for a long time at many places. And send it to exchanges like btc-e for washing as well (plot twist -- btc-e is NSA Grin

)

If I ever stole major amounts of bitcoin, I would send them directly to a cold wallet and just leave them until the statute of limitations for my crime had expired. With the growth rate of bitcoin, that could be very profitable.

If that was too long, I'd let them age for several years and then sell them on the black market at below market value in a country where the buyer could not be prosecuted for using them.

But most criminals aren't that wise, and those who are that wise aren't often criminals.

Yeah, waiting is the safest thing to do. If it was me though, I'd probably mix them, then buy some LTC on btc-e, then send that LTC to another exchange, then buy btc... wash, rince, and repeat. ETH has enough volume to be useful for a slow launder through places like polo and kraken. Of course for truly huge amounts of btc, this would become more difficult. But with other amounts I think it would be almost impossible to track this way.

AliceWonderMiscreations

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Quote from: monsanto on February 20, 2016, 12:59:13 AM

Quote from: AliceWonderMiscreations on February 20, 2016, 12:37:41 AM

Quote from: monsanto on February 20, 2016, 12:12:12 AM

Quote from: AliceWonderMiscreations on February 19, 2016, 11:26:38 PM

Sorry, but as a US citizen I have to say the US really isn't that important.

Yes there would be a price dip, but no, the vision would not die.

And no, congress won't make it illegal because of this anyway - that's an absurd proposition.

ransomware predates bitcoin.

What congress might do is create laws requiring adequate backup of medical databases and fine hospitals that don't do it.

I didn't say congress would make it illegal because of what has taken place so far, but things could get worse. Also, the terrorist angle could come into play if it is connected to an ISIS attack for example.

Ransomware predates bitcoin but it could never take place on this scale without it. If this hospital payed by any other means it would be easier to track.

Oh there's a good chance it will be tracked.

Sure a mixer will likely be used, but don't trust that mixers haven't been compromised. The NSA for example has a lot of compromised machines it allows to run for that purpose, and a collection of 0 day exploits that would blow your mind.

I agree. They probably are developing impressive blockchain tracking. Although the people who received the bitcoin can mix away for a long time at many places. And send it to exchanges like btc-e for washing as well (plot twist -- btc-e is NSA Grin

)

If I ever stole major amounts of bitcoin, I would send them directly to a cold wallet and just leave them until the statute of limitations for my crime had expired. With the growth rate of bitcoin, that could be very profitable.

If that was too long, I'd let them age for several years and then sell them on the black market at below market value in a country where the buyer could not be prosecuted for using them.

But most criminals aren't that wise, and those who are that wise aren't often criminals.

Jet Cash

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Quote from: monsanto on February 20, 2016, 12:12:12 AM

And to say the US isn't important in global finance is naive. If they can get enough countries to comply to shut down the economy of Iran they can make it difficult enough to exchange fiat->crypto that wide spread adoption never occurs.

All of this economic pressure by the US does more to damage the US rather than other countries. Iran is a case in point, they are now dumping dollars, and switching to the Euro.
http://www.huffingtonpost.com/majid-rafizadeh/iran-plays-and-backstabs_b_9229384.html

Their control of the IMF and refusal to admit China led to the creation of the AIIB. Their banking sanctions against Russia led to another flight from the dollar, and the strengthening of the Russian banking system. imho, if the US tries to ban Bitcoin, then history seems to indicate that this will strengthen Bitcoin, and accelerate world adoption.

monsanto

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..like bright metal on a sullen ground.

Quote from: AliceWonderMiscreations on February 20, 2016, 12:37:41 AM

Quote from: monsanto on February 20, 2016, 12:12:12 AM

Quote from: AliceWonderMiscreations on February 19, 2016, 11:26:38 PM

Sorry, but as a US citizen I have to say the US really isn't that important.

Yes there would be a price dip, but no, the vision would not die.

And no, congress won't make it illegal because of this anyway - that's an absurd proposition.

ransomware predates bitcoin.

What congress might do is create laws requiring adequate backup of medical databases and fine hospitals that don't do it.

I didn't say congress would make it illegal because of what has taken place so far, but things could get worse. Also, the terrorist angle could come into play if it is connected to an ISIS attack for example.

Ransomware predates bitcoin but it could never take place on this scale without it. If this hospital payed by any other means it would be easier to track.

Oh there's a good chance it will be tracked.

Sure a mixer will likely be used, but don't trust that mixers haven't been compromised. The NSA for example has a lot of compromised machines it allows to run for that purpose, and a collection of 0 day exploits that would blow your mind.

I agree. They probably are developing impressive blockchain tracking. Although the people who received the bitcoin can mix away for a long time at many places. And send it to exchanges like btc-e for washing as well (plot twist -- btc-e is NSA Grin

)

AliceWonderMiscreations

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Quote from: monsanto on February 20, 2016, 12:12:12 AM

Quote from: AliceWonderMiscreations on February 19, 2016, 11:26:38 PM

Sorry, but as a US citizen I have to say the US really isn't that important.

Yes there would be a price dip, but no, the vision would not die.

And no, congress won't make it illegal because of this anyway - that's an absurd proposition.

ransomware predates bitcoin.

What congress might do is create laws requiring adequate backup of medical databases and fine hospitals that don't do it.

I didn't say congress would make it illegal because of what has taken place so far, but things could get worse. Also, the terrorist angle could come into play if it is connected to an ISIS attack for example.

Ransomware predates bitcoin but it could never take place on this scale without it. If this hospital payed by any other means it would be easier to track.

Oh there's a good chance it will be tracked.

Sure a mixer will likely be used, but don't trust that mixers haven't been compromised. The NSA for example has a lot of compromised machines it allows to run for that purpose, and a collection of 0 day exploits that would blow your mind.

monsanto

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..like bright metal on a sullen ground.

Quote from: AliceWonderMiscreations on February 19, 2016, 11:26:38 PM

Sorry, but as a US citizen I have to say the US really isn't that important.

Yes there would be a price dip, but no, the vision would not die.

And no, congress won't make it illegal because of this anyway - that's an absurd proposition.

ransomware predates bitcoin.

What congress might do is create laws requiring adequate backup of medical databases and fine hospitals that don't do it.

I didn't say congress would make it illegal because of what has taken place so far, but things could get worse. Also, the terrorist angle could come into play if it is connected to an ISIS attack for example.

Ransomware predates bitcoin but it could never take place on this scale without it. If this hospital payed by any other means it would be easier to track.

And saying congress won't do something because it is an "absurd proposition" is pretty much the definition of what the gov't often does. Most americans thought it was an absurd proposition before 9/11 that the gov't would torture prisoners, and not only did they do it, but now the leading republican candidate is pro torture.

And to say the US isn't important in global finance is naive. If they can get enough countries to comply to shut down the economy of Iran they can make it difficult enough to exchange fiat->crypto that wide spread adoption never occurs.

AliceWonderMiscreations

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Sorry, but as a US citizen I have to say the US really isn't that important.

Yes there would be a price dip, but no, the vision would not die.

And no, congress won't make it illegal because of this anyway - that's an absurd proposition.

ransomware predates bitcoin.

What congress might do is create laws requiring adequate backup of medical databases and fine hospitals that don't do it.

monsanto

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Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

Quote from: AliceWonderMiscreations on February 19, 2016, 11:00:05 PM

Quote from: monsanto on February 19, 2016, 10:28:36 PM

Quote from: AliceWonderMiscreations on February 19, 2016, 02:34:53 PM

Quote from: JessyMatt on February 17, 2016, 11:06:15 PM

After this...I think congress is going to come down on bitcoin in the US

http://www.bitcoinvalues.net/hollywood-hospital-pays-hackers-40-bitcoin-worth-17000-release-computers.html

Did you hear?

Someone used a gun to shoot up a school. Damnit, now congress is going to ban guns...

...oh wait.

Small difference is guns have the NRA, the most powerful lobby in the US, while bitcoin lobby is... ummm.. Huh

Bitcoin has decentralization meaning it will continue even if banned in some countries.

You can't stop the signal, Mal

It will continue but price would crash and it would never reach wide adoption. Other countries would follow US lead and go after fiat->crypto->fiat exchange points. Would be effectively dead in terms of Satoshi's vision.

AliceWonderMiscreations

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Quote from: monsanto on February 19, 2016, 10:28:36 PM

Quote from: AliceWonderMiscreations on February 19, 2016, 02:34:53 PM

Quote from: JessyMatt on February 17, 2016, 11:06:15 PM

After this...I think congress is going to come down on bitcoin in the US

http://www.bitcoinvalues.net/hollywood-hospital-pays-hackers-40-bitcoin-worth-17000-release-computers.html

Did you hear?

Someone used a gun to shoot up a school. Damnit, now congress is going to ban guns...

...oh wait.

Small difference is guns have the NRA, the most powerful lobby in the US, while bitcoin lobby is... ummm.. Huh

Bitcoin has decentralization meaning it will continue even if banned in some countries.

You can't stop the signal, Mal

TastyChillySauce00

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Quote from: partysaurus on February 19, 2016, 06:50:16 AM

Quote from: talkbitcoin on February 18, 2016, 01:08:01 AM

yet another media crap in desperate attempt to make bitcoin look bad. i wonder when they are going to sop.

never, have they ever stopped blaming russia? muslims? chinese ? they are never going to stop.

bad news = good news,they'll posting about news that'll attract people to read and then earn money, or they'll got paid by government in posting news which have hidden purpose,that's how media gain a money

eternalgloom

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I do not see how this specific news item should indicate that Bitcoin is in trouble. There have been mentions of Bitcoin in similar articles about ransomware before.
Granted, maybe not on this scale, but this will not have a significant negative effect on Bitcoin.

Topic: Bitcoin is in trouble - page 2. (Read 4577 times)