Will "WannaCry" attacks bode ill for BTC? - page 2.

deisik

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Quote from: stompix on May 15, 2017, 10:40:34 AM

Or...
Just freeze for a few months the bank accounts of the top exchanges and see the bitcoin price collapse and 10x more people labeling it again as a ponzi scheme

Didn't we discuss that point recently?

We had (and still have, by the way) the bank accounts of the top exchange frozen (I refer to Bitfinex, obviously), though, despite your claims, Bitcoin went exponential, not crashed down as you had been preaching. So this point is shaky in the very least, and reality seems not to support your sweeping generalizations. I know what you are going to say but if what you are about to say were actually true, we would have Bitcoin go down at other exchanges (apart from Bitfinex) which is nowhere near the case. Regarding your other points, to have any noticeable effect they require a concerted effort by all major governments likely at the level of the UN Security Council, but we are unlikely to see a consensus there any time soon (as the recent history shows)

iluvpie60

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I dont think so. Most people already heard about bitcoin awhile ago and forgot about it. A lot of people forget things if it is not on their mind at all within a year. People.prolly.forgot about bitcoin bad stuff theh heard awhile back. They will forget again this time.

stompix

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Blackjack.fun

Quote from: OROBTC on May 14, 2017, 11:17:32 AM

...

To me ransomeware attacks are a perfect excuse for government intervention into slowing down Bitcoin (or at least making it harder to use).

Please note that almost every .gov in the world has been tightening the screws on our freedoms, both financial and general personal liberties.

Got groped?

Yeah.. it makes perfect sense...
Launch an attack that cripples thousands of companies, making them lose a lot of money which will also cause tax loss just to paint bitcoin in a negative way and maybe people will turn away from it

Or...
Just freeze for a few months the bank accounts of the top exchanges and see the bitcoin price collapse and 10x more people labeling it again as a ponzi scheme..

Or..
Seize the domains of exchanges and demand the isp to block ips that match bitcoin full nodes.

What would I choose if I were an evil reptilian angry an bitcoin?

cellard

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Quote from: peter0425 on May 14, 2017, 11:32:02 AM

Quote from: cellard on May 14, 2017, 10:44:01 AM

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.

btcforall777

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It will raise awareness for the next wave o volume and price increases. Any negative short term effect, if any will be good for 6 months down the road.

amacar2

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Quote from: Rockstar Drummer on May 14, 2017, 09:13:02 AM

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

Even fiat and bank wire are being used by criminals so i don't think anybody will blame bitcoin for this mass ransomeware attack but yes due to anonymity bitcoin transaction will provide, it has been favorite tool for hackers and criminals to collect ransom.

Qunenin

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Quote from: mobnepal on May 14, 2017, 09:36:33 AM

Quote from: Rockstar Drummer on May 14, 2017, 09:13:02 AM

Does this make BTC look bad to the masses.....

Why you think this will make BTC look bad to the masses Huh

It's not bitcoin that have enabled this hackers to put this ransomeware in computers worldwide, NSA must be blamed for this and windows for not warning their users about this vulnerability.

I agree too that bitcoin has nothing to with this ransomware attack but the point to note is that why the hacker choose payment in bitcoin rather than in any other currency like dollars etc. The only answer to this is that payment in bitcoin is easy without revealing the real identity. If you see this in this pint of view, then surely bitcoin has a part to play in this hacking.

deisik

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Quote from: izanagi narukami on May 14, 2017, 11:14:59 AM

It's very bad news for me since I'm try to ask my friend to invest on bitcoin but my friend show me this "WannaCry" attack , it surely will impact on them for not investing or involving bitcoin things too much

It cuts both ways in fact

Many youths, especially those wannabe hackers may hear about Bitcoin and start thinking how kewl it is to use Bitcoin, the hackers' money. In this way, it cannot be said with certainty whether such events contribute to Bitcoin popularity or take away from it. But in any case, they make Bitcoin more widely known and famous, so after the dust settles and sun shines bright again, this publicity may eventually turn into popularity ("at first publicity, then popularity")

peter0425

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Quote from: cellard on May 14, 2017, 10:44:01 AM

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.

Moon_Man

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not really, the real problem here is the hospitals using outdated software and not backing up important medical records and patient info...

https://support.microsoft.com/en-us/help/14223/windows-xp-end-of-support

What happens if I continue to use Windows XP?
If you continue to use Windows XP now that support has ended, your computer will still work but it might become more vulnerable to security risks and viruses. Internet Explorer 8 is also no longer supported, so if your Windows XP PC is connected to the Internet and you use Internet Explorer 8 to surf the web, you might be exposing your PC to additional threats.

they should of seen this coming...

OROBTC

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...

To me ransomeware attacks are a perfect excuse for government intervention into slowing down Bitcoin (or at least making it harder to use).

Please note that almost every .gov in the world has been tightening the screws on our freedoms, both financial and general personal liberties.

Got groped?

Jeremycoin

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𝓗𝓞𝓓𝓛

Please stop this nonsense, Ransomware is nothing compares to Bitcoin. This kind of 'small' attack won't really have a big affect on Bitcoin, just like Iranus said here.

Quote from: Iranus on May 14, 2017, 09:25:00 AM

Well it's definitely not a giant conspiracy to make Bitcoin look bad, it's just some bastards using Bitcoin. They will use it just like how many bastards use physical cash. Doesn't make it any worse for legal transactions anyway.

The mainstream media have covered Bitcoin surprisingly little after the ransomware attacks, and barely even mention it in the articles except for in passing. Actually, it's very surprising how much their coverage of Bitcoin has matured over the past few years.

More understanding will come with time. Problems like this are barely even setbacks.

It's not a big deal for Bitcoin, the only thing that matters is us. How could it be settled if the Bitcoin user itself keep thinking that it would affect the Bitcoin?

izanagi narukami

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It's very bad news for me since I'm try to ask my friend to invest on bitcoin but my friend show me this "WannaCry" attack , it surely will impact on them for not investing or involving bitcoin things too much.

That's why my goverment still forbid bitcoin usage since it can be use for criminal activity Undecided

lizardbtc

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Quote from: User365 on May 14, 2017, 11:02:30 AM

This is indeed very sad yes,

the most non tech guys (and females), which i know, associate BTC always as HACKER Currency, and a few of them even think it´s illegal (well thought).
But I have no idea what could be possibly done against this. It is convinient for everybody on the internet to use BTC, including Blackhats.

The one thing that drives others very easily to use btc to accept payments as these hackers is that it is s easy to have a wallet and use it. You don't need to give any other details about your self and if used right you can even cover most of your tracks.

Sadly but yeah most people associate it as illegal and as some kind of money that is used for illegal things like on dark markets and for hackers. Hopefully bitcoin will show other side of it.

User365

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physics, mathematics and engineering

This is indeed very sad yes,

the most non tech guys (and females), which i know, associate BTC always as HACKER Currency, and a few of them even think it´s illegal (well thought).
But I have no idea what could be possibly done against this. It is convinient for everybody on the internet to use BTC, including Blackhats.

ethereumhunter

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Quote from: iram1011 on May 14, 2017, 10:20:25 AM

Quote from: Rockstar Drummer on May 14, 2017, 09:13:02 AM

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 not the first ransomware that gain the first page of newspaper.
I think there is another effect. If criminals want bitcoin and not fiat cash, bitcoin has bigger value and offer more security!

i think with this news, many people in out there and other country that don't know nothing about bitcoin will open their eyes that bitcoin is exist among them. but unfortunately, the hackers is using bitcoin as wrong way and this could make bitcoin will be known for illegal activity but if people is smart and want to learn about bitcoin then i am sure that bitcoin is not an evil and its only use by bad person.

deisik

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Quote from: mobnepal on May 14, 2017, 09:36:33 AM

Quote from: Rockstar Drummer on May 14, 2017, 09:13:02 AM

Does this make BTC look bad to the masses.....

Why you think this will make BTC look bad to the masses Huh

It's not bitcoin that have enabled this hackers to put this ransomeware in computers worldwide, NSA must be blamed for this and windows for not warning their users about this vulnerability

Shills are quick on the trigger

As to me, this use of Bitcoin (however nefarious and despicable it could be) is actually set to promote Bitcoin in the end. More people will learn about it and likely get interested up to a point of buying a few satoshi here and there. Anything is better than nothing, and a little of publicity won't hurt Bitcoin anyway

Quote from: U2 on May 14, 2017, 10:02:53 AM

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

Thank God you are not selling (well, bartering) your kids

cellard

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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.

iram1011

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Quote from: Rockstar Drummer on May 14, 2017, 09:13:02 AM

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 not the first ransomware that gain the first page of newspaper.
I think there is another effect. If criminals want bitcoin and not fiat cash, bitcoin has bigger value and offer more security!

Katun

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Quote from: mobnepal on May 14, 2017, 09:36:33 AM

Quote from: Rockstar Drummer on May 14, 2017, 09:13:02 AM

Does this make BTC look bad to the masses.....

Why you think this will make BTC look bad to the masses Huh

It's not bitcoin that have enabled this hackers to put this ransomeware in computers worldwide, NSA must be blamed for this and windows for not warning their users about this vulnerability.

I agree, this has very little to do with bitcoin besides being the chosen ransom payment method. Surprisingly, I would not blame Micro$oft for this either as a patch for this exploit was released months ago. Just another warning for everybody to keep their systems patched and up to date.

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