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Topic: Will "WannaCry" attacks bode ill for BTC? (Read 2487 times)

hero member
Activity: 821
Merit: 1003
whatever

worse would be total silence about bitcoin

if people hear about it, they will do their own research, at least some of them, and will buy bitcoin
hero member
Activity: 1764
Merit: 584
My concern is not the bad publicity, but more the magnet affect it creates to pull in more criminals towards Bitcoin. Every person who gets away with this, signals that Bitcoin is ideal for such kinds of criminal behavior and then we get a situation where more "bad" people starts to use this technology and it starts to snow ball into a much bigger problem.

We need to assist governments and law enforcement agencies to catch these bad actors, because we have the knowledge and the experience to do that. ^grrrrrrr^

True, criminals tend to be early adopters of new technology, anything that would give them an advantage, especially if that would help them evade authorities. I'm sure there are already hackers that made use of bitcoin years before this became a "thing" in the media. I suppose they kept their operations modest, sorta like choosing to counterfeit smaller notes. Less rewards but also smaller risk

This is not your assumption (of sorts), this is a fact of life

Bitcoin did actually first start as a currency of criminals in the DarkWeb, and ironically, this period was the time when Bitcoin had in fact been used almost exclusively as intended by its creator, i.e. as a currency. That likely gave Bitcoin a boost as an investment asset as well after it had gained some traction and notoriety between criminals. Maybe, some of them, after "earning" enough coins, decided to get done with their criminal past and become respectable investors and otherwise respected members of society ("just don't ask me how I made my first million dollars")

True. I heard it was used to buy a lot of illegal stuff. Some said it was even used to pay assassins!

I remember that story too

But I'm more inclined to think that it was sooner a joke. Someone wanted to start a service on the DarkWeb (or right in Internet) where you could pay a certain amount of coins if you didn't like somebody (say, Trump or Putin, or your neighbor smoking weed at nights), and then anyone willing could pick up the task and kick their asses. If successful, the service would then give the punisher his bloody coins. Needless to say, that had never come to fruition since, as I say, it was rather a publicity stunt than a real deal

So, that was not really true? I thought you can get everything from canned babies to hired killers over the DarkWeb. At least, that's what I saw from videos on Youtube. They even have screenshots of sites in the DarkWeb. They mentioned Mariana's Web and I was curious to see what I would find if I'd ever use their search but I was too scared it'll infect me with something that I decided to not take a peek.

But then again, if I'm really desperate for money and need to sell a kidney for btc, that might be the place to go.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
My concern is not the bad publicity, but more the magnet affect it creates to pull in more criminals towards Bitcoin. Every person who gets away with this, signals that Bitcoin is ideal for such kinds of criminal behavior and then we get a situation where more "bad" people starts to use this technology and it starts to snow ball into a much bigger problem.

We need to assist governments and law enforcement agencies to catch these bad actors, because we have the knowledge and the experience to do that. ^grrrrrrr^

True, criminals tend to be early adopters of new technology, anything that would give them an advantage, especially if that would help them evade authorities. I'm sure there are already hackers that made use of bitcoin years before this became a "thing" in the media. I suppose they kept their operations modest, sorta like choosing to counterfeit smaller notes. Less rewards but also smaller risk

This is not your assumption (of sorts), this is a fact of life

Bitcoin did actually first start as a currency of criminals in the DarkWeb, and ironically, this period was the time when Bitcoin had in fact been used almost exclusively as intended by its creator, i.e. as a currency. That likely gave Bitcoin a boost as an investment asset as well after it had gained some traction and notoriety between criminals. Maybe, some of them, after "earning" enough coins, decided to get done with their criminal past and become respectable investors and otherwise respected members of society ("just don't ask me how I made my first million dollars")

True. I heard it was used to buy a lot of illegal stuff. Some said it was even used to pay assassins!

I remember that story too

But I'm more inclined to think that it was sooner a joke. Someone wanted to start a service on the DarkWeb (or right in Internet) where you could pay a certain amount of coins if you didn't like somebody (say, Trump or Putin, or your neighbor smoking weed at nights), and then anyone willing could pick up the task and kick their asses. If successful, the service would then give the punisher his bloody coins. Needless to say, that had never come to fruition since, as I say, it was rather a publicity stunt than a real deal
hero member
Activity: 1764
Merit: 584
My concern is not the bad publicity, but more the magnet affect it creates to pull in more criminals towards Bitcoin. Every person who gets away with this, signals that Bitcoin is ideal for such kinds of criminal behavior and then we get a situation where more "bad" people starts to use this technology and it starts to snow ball into a much bigger problem.

We need to assist governments and law enforcement agencies to catch these bad actors, because we have the knowledge and the experience to do that. ^grrrrrrr^

True, criminals tend to be early adopters of new technology, anything that would give them an advantage, especially if that would help them evade authorities. I'm sure there are already hackers that made use of bitcoin years before this became a "thing" in the media. I suppose they kept their operations modest, sorta like choosing to counterfeit smaller notes. Less rewards but also smaller risk

This is not your assumption (of sorts), this is a fact of life

Bitcoin did actually first start as a currency of criminals in the DarkWeb, and ironically, this period was the time when Bitcoin had in fact been used almost exclusively as intended by its creator, i.e. as a currency. That likely gave Bitcoin a boost as an investment asset as well after it had gained some traction and notoriety between criminals. Maybe, some of them, after "earning" enough coins, decided to get done with their criminal past and become respectable investors and otherwise respected members of society ("just don't ask me how I made my first million dollars")

True. I heard it was used to buy a lot of illegal stuff. Some said it was even used to pay assassins! Guess these people have moved on to using other alt now, considering how high tx fees are, as well as the increased confirmation time.

Now this made me feel bad. I only really started getting into this last December. I believe I heard of bitcoin in passing before but in relation to the dark web. Since I had no intention to get into that trench, I didn't bother to look up bitcoins. Only when a cousin told me he invested did I consider trying it out.
hero member
Activity: 658
Merit: 505
Bitcoin is still not well known and recgonized and that is why such attacks are doing a huge damage to it. People need to be more educated and more aware that bitcoin could be equaly abused just like any other fiat currency. Experienced users are aware of that but wider population still has pronler with understanding of crypto world.
sr. member
Activity: 2618
Merit: 439
There's no doubt in my mind that this is going to be used by the states to propagate his anti bitcoin agendas, so expect anytime now that TV programs start making bitcoin specials where they talk shit about it.

It would be great if panic selling idiots stop panic selling every time a ransomware attack happens, maybe we'll keep going up then.

Why is it that if there's is a negative news about bitcoin, the media is all over it? I only see one article about getting a new ATH, but when something like this happened, all mainstream media sensationalized this kind of negative news? That's why country like India and Russia became reluctant to really fully adopt bitcoin because all the government heard is that bitcoin is being used for illegal activities like ponzi, hyip, terrorist funding and now ransomware.

It's pretty obvious, the mainstream media is controlled by the same people that want bitcoin dead, so they are going to keep attacking bitcoin no matter what, and this is a fantastic opportunity for them to use ramsomware as a way to throw bad publicity on it.

It all comes down to the people, if holders don't panic sell, then the media will be useless. Of course, it's unlikely that people don't react to the media, so I don't see a way out but to exposed numerous times until it loses the shock factor. Just like the PBOC news. They used to cause massive crashes, after a number of times, people get tired.

Oh well if they want bitcoin to die, then they are all wrong. Yeah, I agree this is a perfect opportunity for them to have a negative impact on bitcoin ecosystem. I just hope they bitcoin holders are mature enough to not to listen to this media and just used their judgement before making a conclusion.
legendary
Activity: 1274
Merit: 1004
its bad. its really very bad b this ransome attack people are gonna lose there hope in cryptocurrency as because they are used in a huge scale now specially to fulfill criminals demands.i can say that I am not fool enough to get infected with such as virus even if my pc do even run windows xp.i have some of my own firewalls which are specially programmed to avoid any type of distraction programs except my development programs . I also take enough precausions while surfing the internet. hey hacker guys no offence but I am not inviting some disaster to struck on my pc so that's all I can say
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
i am so curious about this "wannacry"
what is this by the way? is this the same with the ransomware?


"WannaCry" is the name, "Ransomware" is the type.
Try to use Google before asking Wink http://bfy.tw/Bs8R
sr. member
Activity: 378
Merit: 250
i am so curious about this "wannacry"
what is this by the way? is this the same with the ransomware?
hero member
Activity: 1148
Merit: 504
Bitcoin was regarded as money for illegal activities a long time ago. Yet bitcoin endured and look at it right now. People are finally seeing the use of bitcoin.wannacry using bitcoin as payment method will not anymore damage to bitcoin.
hero member
Activity: 896
Merit: 500
Does this make BTC look bad to the masses.....

Thoughts?

http://www.zerohedge.com/news/2017-05-13/24-hours-later-unprecedented-fallout-first-global-coordinated-ransomware-attack

Could this be a false flag to make it look as if BTC is a currency only to be used by criminals?

This is a global scale attack, it caused great economic losses. And bitcoin is the means for them to do it. It is being exploited. The security of bitcoin has created a flaw.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
My concern is not the bad publicity, but more the magnet affect it creates to pull in more criminals towards Bitcoin. Every person who gets away with this, signals that Bitcoin is ideal for such kinds of criminal behavior and then we get a situation where more "bad" people starts to use this technology and it starts to snow ball into a much bigger problem.

We need to assist governments and law enforcement agencies to catch these bad actors, because we have the knowledge and the experience to do that. ^grrrrrrr^

True, criminals tend to be early adopters of new technology, anything that would give them an advantage, especially if that would help them evade authorities. I'm sure there are already hackers that made use of bitcoin years before this became a "thing" in the media. I suppose they kept their operations modest, sorta like choosing to counterfeit smaller notes. Less rewards but also smaller risk

This is not your assumption (of sorts), this is a fact of life

Bitcoin did actually first start as a currency of criminals in the DarkWeb, and ironically, this period was the time when Bitcoin had in fact been used almost exclusively as intended by its creator, i.e. as a currency. That likely gave Bitcoin a boost as an investment asset as well after it had gained some traction and notoriety between criminals. Maybe, some of them, after "earning" enough coins, decided to get done with their criminal past and become respectable investors and otherwise respected members of society ("just don't ask me how I made my first million dollars")
hero member
Activity: 1764
Merit: 584
My concern is not the bad publicity, but more the magnet affect it creates to pull in more criminals towards Bitcoin. Every person who gets away with this, signals that Bitcoin is ideal for such kinds of criminal behavior and then we get a situation where more "bad" people starts to use this technology and it starts to snow ball into a much bigger problem.

We need to assist governments and law enforcement agencies to catch these bad actors, because we have the knowledge and the experience to do that. ^grrrrrrr^

True, criminals tend to be early adopters of new technology, anything that would give them an advantage, especially if that would help them evade authorities. I'm sure there are already hackers that made use of bitcoin years before this became a "thing" in the media. I suppose they kept their operations modest, sorta like choosing to counterfeit smaller notes. Less rewards but also smaller risk.

Now this is sorta out though, we can expect others to follow, and this would be made worse that many governments are just beginning to recognize bitcoin and probably not yet well prepared to track down these transactions.
legendary
Activity: 3248
Merit: 1070
the value on the market speak for itself, if these ransomware were a problem and a threat for bitcoin, the investors would not invest what they have invested so far

people are not so stupid to think that if someone use bitcoin for criminal activity then bitcoin will be useless, that was a thing of the past i remember some panic dump because of this reason some years ago, but now they learned
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Does this make BTC look bad to the masses.....

Thoughts?

http://www.zerohedge.com/news/2017-05-13/24-hours-later-unprecedented-fallout-first-global-coordinated-ransomware-attack

Could this be a false flag to make it look as if BTC is a currency only to be used by criminals?

I watched a skit of this just a few minutes ago on Late Night with Trevor Noah (Bleh)
It looks like the Joke is targeted to the hackers and the fact it affects work PC's more and people can go home and chill instead it was more like
I hope the hackers have tech support if they wanted to do this ransom and the need for hacker tech support and to use Visa lol
Corden was like my life is only worth $300 I feel insulted Tongue

I have ransomed your computer you must send me a cryptocurrency "Hacker voice"
I am on bitcoin.org what do I do now and the page isn't loading "Confused citizen"
Uh did you turn on the router did you check the switches etc. "Hacker voice"

Goes on for a bit eventually hacker gets bored is like screw it i'm done with this phone call and the confused citizen responds to the hacker and the hacker is surprised and says wait a minute what do you mean I owe you $300 for this phone call.

Basically they were joking that the ransom was to technical for normal people to use to pay ransoms.

(Clip works on American proxies Only comedy central)
https://www.reddit.com/r/Bitcoin/comments/6bfi1k/thank_you_trevor_noah_for_sending_users_to/
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
My concern is not the bad publicity, but more the magnet affect it creates to pull in more criminals towards Bitcoin. Every person who gets away with this, signals that Bitcoin is ideal for such kinds of criminal behavior and then we get a situation where more "bad" people starts to use this technology and it starts to snow ball into a much bigger problem.

We need to assist governments and law enforcement agencies to catch these bad actors, because we have the knowledge and the experience to do that. ^grrrrrrr^
legendary
Activity: 2660
Merit: 1074
Soon they will realize that their destination addresses will be known and will be very hard for them use the Bitcoin they stole without being tracked or at least losing them.

Maybe they could try something in the dark markets, or if they only want to spread chaos and not get people's money.
hero member
Activity: 1764
Merit: 584
Sigh, looks like we need another thread for this no? Oh well, I probably wouldn't have heard of it if not for this forum. (Yes, I live under a rock like one of your fave characters.)

This is publicity - though the negative kind. It might cause people who heard of the attacks to check out bitcoins, which would be good for us. Those poor souls that got hacked though, they'll probably curse btc. They'll make a wallet and use that to pay the hackers and then swear never to use btc again (unless they get hacked again).

Will anyone trade a cow, 14 eggs, 2 chickens 2 goats, 4 pigs and a half decent wife for a car? I can't use monies. They r evil.

Switch out the wife for a bull and an extra rooster and it's a deal! Cheesy
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
It's pretty obvious, the mainstream media is controlled by the same people that want bitcoin dead, so they are going to keep attacking bitcoin no matter what, and this is a fantastic opportunity for them to use ramsomware as a way to throw bad publicity on it.

I've seen barely a mention of Bitcoin in the media coverage. At best it gets a footnote.

I don't give a shit what the masses think. They don't count yet. As for what The Man thinks, the most likely course of action is ever increasing heaviness on the off ramps but that was inevitable anyway.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
And there we have deisik again posting four lines of nothing to make his quota
Really?

What's wrong, you're not allowed to make posts under 4 lines?
Stop acting high and mighty, and stop pretending you're polishing your ingliz skillz cause you sound like siri having a romantic talk.

Don't bother in the future cause you're on my precious list where only lambchop and his clones have managed to get



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