Cyber attacks linked to Crypto payments will ultimately lead to a "blanket ban" of all Crypto currencies, because this is giving the regulatory authorities the ammunition they want to ban Crypto currencies.
I will not be surprised if these hacks are government sanctioned attacks (Russia) to enable governments to instantiate these bans. (Now they have a perfect excuse to do it)
There were ransomware before crypto was a think, I do not think that it will kill bitcoin at all. There were times when people hacked into your computer and charged you a ton of stuff back when it was connected via line, and your phone bill would be in thousands of dollars because of it, I had friends who lived that and it was such a huge shock that it was basically like 6 months worth of salary as a whole, can you believe how horrible that is?
I mean if someone asked 6 months of my salary from me I do not know what to do but phone bills became that much back in the day (this was like 20-25 years ago). Did that killed the internet? Of course it did not, just because some people use something badly doesn't mean that it should be stopped, everything in life can be used for good or for bad, it doesn't mean that people will stay away from it.
You are correct but at the same time we know that governments are going to use everything they can to try to create a negative impression of bitcoin to the investors that could be interested in coming to this market, this is something we saw with the FUD about bitcoin being bad for the environment despite the fact that bitcoin uses clean sources of energy, the truth does not matter, what matters is to manipulate the people and this is surely going to be used to achieve that effect.
