Supreme leader's twitter account hacked - but that's not the main issue! - page 2.

Tipstar

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Quote from: Kakmakr on September 04, 2020, 01:00:35 PM

I would not be surprised if these hacks are linked to government sanctioned hacking operations. India has been on the wire for many years, when it came to Crypto currencies and a hack like this will just push things in the wrong direction. Angry

I hope they catch these guys soon, because Twitter is ruining all the good work that we have done over the years to get Bitcoin where it is today. The thing is, centralized platforms like this are not blamed for these embarrassing incidents... Bitcoin is taking all the heat for this. Angry

The hack didn't happened just for bitcoin. The hackers found a vulnerability on twitter and exploited it to gain access. Of everything they could have done, they asked for bitcoins. It's actually the twitter that's unsafe. Bitcoin has just made it easier for people to send and receive value without any difficulty in transaction. With so much issues on the side of twitter, it asks us to move towards a decentralized solution.

Kakmakr

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I would not be surprised if these hacks are linked to government sanctioned hacking operations. India has been on the wire for many years, when it came to Crypto currencies and a hack like this will just push things in the wrong direction. Angry

I hope they catch these guys soon, because Twitter is ruining all the good work that we have done over the years to get Bitcoin where it is today. The thing is, centralized platforms like this are not blamed for these embarrassing incidents... Bitcoin is taking all the heat for this. Angry

Ayiranorea

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This time it is Indian prime minister's twitter account. Another thing, the hack is associated with the Twitter account for relief fund. Promotion for cryptocurrency from the Twitter account of a country's prime minister is really interesting. This is being done by a team, and some states it is done by a person. Now this information has made more people know about cryptocurrency. Following this incident the government can also take action against cryptocurrency usage.

shoreno

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ah i see so your saying that the main issue is its impact to the people . in my case i dont consider what others think aa a main issue but for me the main issue here is the supreme leader that have been hacked because he is more influencial than a regular people .

people complain as if they have a business on crypto but no they havent because if they have , they will know that btc has nothing to do with the scamming .

hulla

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The previous hacker attack on Twitter shows that twitter is not a total secure social media and a part of me always feel sad everytime i hear about some hackers using Bitcoin as their way to steal from innocent people cause negative news spread fast than positive and the question I asked myself sometime is that could the government have something to do with this because we never can tell since 90% of them never support the idea of Bitcoin?
In the meantime, lets hope this issue dont lead to complications in India.

MCobian

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We cannot blame people who think negatively of Bitcoin. Moreover, they are ordinary people who have no knowledge of Bitcoin.
Will be prejudiced against Bitcoin with a lot of news about hacked twitter accounts. It really damages reputation of Bitcoin. And if
people misunderstand like that, it's hard to convince them Bitcoin isn't bad. But we shouldn't give up on explaining that Bitcoin is
not as bad as they think.

Quidat

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Quote from: avikz on September 03, 2020, 01:02:42 AM

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

We dont need that centralized authority yet Bitcoin doesnt really need such stuff and let those people do say what they like yet we as supporters do knows the truth and later on people would able
to tell for themselves that they are actually on the wrong side or in wrong perception on things. Most people that do say these lines are the ones who do have zero knowledge towards it
but when the time comes that they do able to know even on the basics then those kind of commentaries will be changed up.Adoption is on the move and these kind of reputation ruining scenarios is
somewhat common on this market.It do really give some dismayed feeling but it is part of the reality to face off.

ChrisPop

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Bitcoin is not failing and smart people won't detain from purchasing Bitcoin because hackers are requesting ransoms denominated in cryptocurrency. You can actually track those Bitcoins if they go to a big exchange and trace them if using a forensic analyst. This tool has its own limitations, but the hack could be solved by simply emailing Twitter and going through a verification process. But that is not really the problem, isn't it? The root of this happenings over the internet is a lack of knowledge in basic cybersecurity. That should be addressed first in the Information Age.

Spone7

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Yes that's right Social account hacking is a concern but it should not blame bitcoin or cryptocurrency industry.
Before crypto world there were hackers who hacks social accounts and even bank accounts etc.
The main thing is you can't blame bitcoin for hacking, for security you can change your social media account password frequently which will reduce chances of getting hacked.

hatshepsut93

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Quote from: Dewi89 on September 03, 2020, 10:34:50 AM

Publicity for increasing bitcoin in the public circulation is still low and almost all hacking crimes are linked to cryptocurrency. In fact, the news has no impact. If you know, there has been a lot of wallet hacking news before, but the fact is that bitcoin prices are still on the rise.

Adoption and public image are not strongly and immediately correlated with price movements. The speculators don't care about small news, and rightfully so, because it would have been very risky and pointless to trade basing on them. What I'm saying is all those things add up in the long run, if regular people only heard Bitcoin being mentioned in negative light, and if it happened frequently, they would be less likely to adopt it, and would probably support their government banning it.

mersal

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Quote from: avikz on September 03, 2020, 01:02:42 AM

Twitter hackers strike again! The twitter account of India's supreme leader Narendra Modi is hacked to seek bitcoin payment. But that's not the main problem! See below,

My dad was reading newspapers from his tab while having morning tea and suddenly uttered - "this bitcoin thing is ruining everything online" (definitely he used local language but it is the literal translation)!

While I immediately cleared his doubt about bitcoin but that's how majority of the common people have reacted because bitcoin is now associated with all small/major hacks happening worldwide!

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

Nothing is going to stay strong until it faces criticism, surely it damages the reputation of bitcoin but atleast more people might heard about the word bitcoin so they will understand what it is created for when legitimate payment methods accepted somewhere in their country.

plvbob0070

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There will always be that kind of misconception about bitcoin especially when it's always about the negative side with bitcoin-related that they see on the media. We all know that media can affect people's perceptions based on what they report, but at least you enlighten and corrected your dad about bitcoin. Since that's what they often hear about bitcoin, they'll start to doubt bitcoin and think of it as something bad. But if there's someone to educate them then they will realize that bitcoin isn't the one ruining things online.

Dewi89

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Quote from: hatshepsut93 on September 03, 2020, 10:16:08 AM

It's always bad to have negative publicity, even if it's not very big, it all adds up in the long run, and there's not much positive news that can reach regular people. I doubt that anyone outside of crypto heard about the Pineapple fund, for example. Even Bitcoin's price rise isn't necessarily viewed as a positive, outsiders would simply not care. I hope that in the future Bitcoin will be more associated with opportunities for earning and spending money rather than scams and darknet markets.

Publicity for increasing bitcoin in the public circulation is still low and almost all hacking crimes are linked to cryptocurrency. In fact, the news has no impact. If you know, there has been a lot of wallet hacking news before, but the fact is that bitcoin prices are still on the rise.

hatshepsut93

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It's always bad to have negative publicity, even if it's not very big, it all adds up in the long run, and there's not much positive news that can reach regular people. I doubt that anyone outside of crypto heard about the Pineapple fund, for example. Even Bitcoin's price rise isn't necessarily viewed as a positive, outsiders would simply not care. I hope that in the future Bitcoin will be more associated with opportunities for earning and spending money rather than scams and darknet markets.

bitsurfer2014

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Quote from: so98nn on September 03, 2020, 09:13:49 AM

Forget about all the shit that happened, now we are in the fear that PM Modi will surely get more angry due to this act of crypto-hacks and will start banning all the crypto related transaction throughout India.

have you guys not noticed how he is going on strike against every distraction that come across for every youth in India?

He is clearing the air for sure. First he banned all the chinese android app, started boycott moment, then banned world's most popular game PUBG in the process.

I dont think that he will stop here. He is gonna screw the crypto currency related stuff throughout India in no time. Grin

Dont get too nervous on whats about going to happen because of this Twitter incident. Perhaps PM Modi would be open minded enough not to persecute

cryptocurrencies or any emerging technologies for that matter that could potentially give benefits to his country. Imho.

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Quote from: avikz on September 03, 2020, 01:02:42 AM

Twitter hackers strike again! The twitter account of India's supreme leader Narendra Modi is hacked to seek bitcoin payment. But that's not the main problem! See below,

My dad was reading newspapers from his tab while having morning tea and suddenly uttered - "this bitcoin thing is ruining everything online" (definitely he used local language but it is the literal translation)!

While I immediately cleared his doubt about bitcoin but that's how majority of the common people have reacted because bitcoin is now associated with all small/major hacks happening worldwide!

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

The fact that the media doesn't deal with such scammers swiftly is a big problem because it adds up to the negative image of Bitcoin. But that's not the only thing, it's a combo. The first part of it is scammers asking cryptos from people and being quite successful at getting it. The second part is social networks failing to respond to these threats properly. The third is the media focusing so much attention on such negative episodes, but not on the positive or on simple negative things with banks/fiat. Finally, the fear of the unknown is built into us on a subconscious level because it helped to survive. Add to this a pattern recognition (confirmation bias), and you get a mix of things that make it very difficult to change one's mind on whether Bitcoin is bad per se.

molsewid

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The only way we can do about this issue is to clear the doubt of many people who don't have enough knowledge in bitcoin. We can't blame others too because it's part of the system of bitcoin. Of course, someone would take advantage of its feature of being a decentralized digital currency.

so98nn

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Forget about all the shit that happened, now we are in the fear that PM Modi will surely get more angry due to this act of crypto-hacks and will start banning all the crypto related transaction throughout India.

have you guys not noticed how he is going on strike against every distraction that come across for every youth in India?

He is clearing the air for sure. First he banned all the chinese android app, started boycott moment, then banned world's most popular game PUBG in the process.

I dont think that he will stop here. He is gonna screw the crypto currency related stuff throughout India in no time. Grin

yazher

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But what about the others who read the news and have some wrong thoughts about BTC? with no one can tell them that those assumptions are not right and Bitcoin is not for those purposes?

I think our dream to see bitcoin became one of the top used currency in the world will not become true until this kind of problem is solved.
Now I believe that our duty in this early era is to teach people the right usage of bitcoin and put correctly whenever scammers used BTC for their own evil intentions.

lionheart78

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Quote from: ABCbits on September 03, 2020, 05:24:00 AM

Quote from: avikz on September 03, 2020, 01:02:42 AM

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

Rather than centralized authority, using community or organization which support Bitcoin is more better option.

The only problem is the authority to apprehend criminals. Without enough authoritative power, criminals will just laugh at these communities or groups. At the end of the day with this supporting group, we still need authorities to regulate and apply laws so that this decentralized system won't fall under anarchy.

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