Bitcoin Forum

Bitcoin => Press => Topic started by: julz on November 27, 2012, 08:47:41 PM



Title: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is
Post by: julz on November 27, 2012, 08:47:41 PM
Quote
Bitcoin emerges from the shadows, but just how safe is it?

Ken Baylor
2012-11-27

https://www.nsslabs.com/blog/bitcoin-emerges-shadows-just-how-safe-it

http://kenbaylor.org/wordpress/?p=280

...
With the recent addition of respectable vendors accepting bitcoins, it will emerge from the shadows and grow in popularity. As it grows in use among non-criminal users, the latter will be targeted by malware seeking to steal bitcoins from their digital wallets. Already specialized malware has been created to do just that (infostealer.coinbit trojan), and more is likely in the works. Bitcoin is risky on multiple levels. But with great risk, comes great reward.



Quote
When Mt. Gox, an exchange trade for bitcoins was hacked in 2011, the price of bitcoins dropped from $17.50 USD to pennies within minutes.
Looks like this one will never die. I wonder if we can pick on one of the many glitches on NASDAQ etc to claim a price of 'pennies' for some  bluechip and get a meme going?  ::)

That aside.. it was a surprisingly good article for a security firm, with a relatively upbeat conclusion.


Title: Re: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is
Post by: TraderTimm on November 27, 2012, 09:09:47 PM
Thanks julz, appreciate your continued efforts in posting bitcoin-related articles.


Title: Re: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is
Post by: giszmo on November 27, 2012, 09:20:25 PM
Thanks julz, appreciate your continued efforts in posting bitcoin-related articles.
+1


Title: Re: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is
Post by: ShadowOfHarbringer on November 27, 2012, 09:30:57 PM
Thanks julz, appreciate your continued efforts in posting bitcoin-related articles.
+1

+1

Also, i could throw few satoshis at julz for encouragement, if only he provided an address in his sig.


Title: Re: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is
Post by: julz on November 27, 2012, 09:41:51 PM
Thanks people - it's a bit of an obsession.
I think this subforum gets updated with news well enough even without a fanatic like me - so no satoshi-rain required, but thanks for the words of encouragement!

Give me a follow on Twitter if you feel inclined :)   @electricwings


Title: Re: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is
Post by: World on November 27, 2012, 10:53:39 PM
Thanks julz, appreciate your continued efforts in posting bitcoin-related articles.
+1
+1


Title: Re: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is
Post by: Mike Hearn on November 28, 2012, 02:35:42 PM
Yeah, but you do it in a really nice and professional way. I like how you quote the key parts but don't just copy/paste entire articles, and how you use consistent date-labeled subject lines. This is really a great thing for our community.


Title: Re: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is
Post by: ben-abuya on November 28, 2012, 05:19:24 PM
Yeah, but you do it in a really nice and professional way. I like how you quote the key parts but don't just copy/paste entire articles, and how you use consistent date-labeled subject lines. This is really a great thing for our community.

+1