2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is

[julz]

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.

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.

[TraderTimm]

Thanks julz, appreciate your continued efforts in posting bitcoin-related articles.

[giszmo]

Thanks julz, appreciate your continued efforts in posting bitcoin-related articles.

+1

[ShadowOfHarbringer]

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.

[julz]

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

[World]

Thanks julz, appreciate your continued efforts in posting bitcoin-related articles.

+1

+1

[Mike Hearn]

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.

[ben-abuya]

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