Will bitcoin malware cause the price to crash?

imperi

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Quote from: qikaifu on June 19, 2011, 02:36:06 AM

Quote from: keybaud on June 17, 2011, 04:18:48 PM

http://www.wired.com/threatlevel/2011/06/bitcoin-malware/

Mr. Gavin still think that the security issue, such as back up and encrypt wallet.dat still not his first priority, which expressed in his recent blog. I think this is really a problem.

If you think it's such a problem, then do it yourself and submit a pull request.

qikaifu

full member

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God creats math and math creats bitcoin.

Quote from: keybaud on June 17, 2011, 04:18:48 PM

http://www.wired.com/threatlevel/2011/06/bitcoin-malware/

Mr. Gavin still think that the security issue, such as back up and encrypt wallet.dat still not his first priority, which expressed in his recent blog. I think this is really a problem.

FreeMoney

legendary

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Strength in numbers

Quote from: d.james on June 19, 2011, 12:26:39 AM

malware will make the price RISE, because the hackers will try to buy out all the BTCs for easy transfer to his own wallet.

Hackers are going to steal coins and then buy more coins? How does buying more make the coins he stole easier to transfer?

d.james

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Firstbits: 12pqwk

malware will make the price RISE, because the hackers will try to buy out all the BTCs for easy transfer to his own wallet.

killer2021

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Quote from: Edward50 on June 18, 2011, 08:03:11 AM

I do not own any bitcoin, but if I owned any significant amount i personally would be worried about it getting hacked.

Yes the security issue is something that needs to be solved. People need to know that their money is safe. Likewise it needs to be easy to use.

Edward50

hero member

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I do not own any bitcoin, but if I owned any significant amount i personally would be worried about it getting hacked.

BubbleBoy

sr. member

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Will the preponderance of stupid people make all smart people kill themselves because it's all in vain ?

defxor

hero member

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Sort of.

If you steal BTC, you'd likely want to cash out as quickly as possible. Thus successful heists would cause large sell-offs. Like we're seeing right now, at the same time a lot of people are reporting both stolen wallets as well as transfers away from mtgox.

Vandroiy

legendary

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I think it added to the downward trend, but saying it's the main cause would overdo it.

Windows has been compromised countless times, and look around, people only care once it happens to themselves. I'd guess it's similar with Bitcoin. Pushes it down a little further, but the reason for the big breakdown should be elsewhere.

Kman54

newbie

Activity: 52

Merit: 0

well look at the price today after the malware articles came out? Yes fridays it seems to drop but the malware issue isn't going to make the price rise.

keybaud

full member

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http://www.wired.com/threatlevel/2011/06/bitcoin-malware/

Topic: Will bitcoin malware cause the price to crash? (Read 1773 times)