[2016-04-13] Hindu: Has Bitcoin become the new ransom money?

[polynesia]

Has Bitcoin become the new ransom money?

http://www.thehindu.com/news/national/has-bitcoin-become-the-new-ransom-money/article8468066.ece

“Asking for depositing money in a particular bank account is now passé. The new-age hackers are demanding Bitcoins".

When an Information Technology (IT) company in Mysuru recently became the target of a ‘denial-of-service’ attack, the attackers demanded Bitcoins in return for sharing the key to restore the company’s computer systems.

The attackers demanded management Bitcoins — virtual money through Bitcoin-dealing websites — in return for the key.

[GregH37]

Ransom money should be avoided at any cost. It will bring no good.

[stingers]

Ransom money should be avoided at any cost. It will bring no good.

Well I believe that negative news brings in a lot of users into bitcoin. Negative media coverage is a major factor contributing to bitcoin's growth, I welcome these news but at the same time its sad to see what people have to go through because of such things.

[bitcoinisfurture]

Ransom money should be avoided at any cost. It will bring no good.

Well I believe that negative news brings in a lot of users into bitcoin. Negative media coverage is a major factor contributing to bitcoin's growth, I welcome these news but at the same time its sad to see what people have to go through because of such things.

Negative news actually dampens the potential of the growth and keep the people away and government policy makers to watch out for. This actually curbs the growth as new comers refrain from entering the bitcoin world and actually creates the panic among the existing ones. This we have seen multiple times in the past.

[stingers]

Ransom money should be avoided at any cost. It will bring no good.

Well I believe that negative news brings in a lot of users into bitcoin. Negative media coverage is a major factor contributing to bitcoin's growth, I welcome these news but at the same time its sad to see what people have to go through because of such things.

Negative news actually dampens the potential of the growth and keep the people away and government policy makers to watch out for. This actually curbs the growth as new comers refrain from entering the bitcoin world and actually creates the panic among the existing ones. This we have seen multiple times in the past.

Not in all cases. It depends a lot on what the actual news is.