RANSOMWARE impact

[JanpriX]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

Bitcoin will always fall not because of the ransomware fiasco that we have right now but because of correction for its recent increase in price. With the news and articles that I read about ransomware, it is very noticeable that the blame is currently on NSA and not on BTC as a mode of payment for it. People are already aware that BTC can be used in many criminal acts but they can't do anything about it. The solution that they should be looking at is how to increase the security of their PCs (including briefing their employees about cybersecurity) and patch all the vulnerabilities that they discovered in Windows OS.

[1715478411]

1715478411

[1715478411]

1715478411

[1715478411]

1715478411

[richardsNY]

yea, but this ransomware spread is hitting government PC instance.
sure we, who aware such PC security won't take this issue serious, but imagine of a govn. instance with all public data got this on their server.

If a government gets its systems infected, they are doing something horribly wrong. Even more precise, I know certain local government departments where they still happen to run WIN XP on their systems -- how dumb is that? Main reason is that they try to cut costs as much as possible. And the government isn't the only entity using old and unsafe software to cut costs -- it's a wide spread problem that effects the business economy as well.

[BitcoinPanther]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

I do not think bitcoin will fall because of RANSOMWARE, the first thing that should fall if this really has great impact is the internet.  I do think that this so-called ransomware is an isolated case where a certain network are breached due to either human error of clicking something they should not have clicked or the ISP provider is so incompetent that they can't even secure their network.

[claimbitcointop.org]

I believe the last cyber attack has damaged a lot the reputation of bitcoin, and this were always this way people do their acts and then ask for bitcoin, i remember a project that has been hacked and they asked bitcoins as well, soo this is already happening, all need to raise the security level to avoid be catched in the middle.

[andron8383]

I think that is putting BTC in bad light at purpose.
Some people want deomize BTC and they are using dirty moves.
Sadly not many point that all was because governments were using hack and didn't helped block security holes.

[xuan87]

I believed that ransomware is not going to destroy bitcoin but going to decrease the reputation, the anonymity feature from bitcoin is not supposed to be used like this, but some people just like to used it for a wrong reasons, and actually it is not the bitcoin fault, fiat also being used for ransomware, but the media like to exposed it liked bitcoin was created to support bad thing

[danman87]

Highly visible shit like this, will be used by governments to regulate and/or outlaw crypto, and stops normal people from touching crypto

THIS IS VERY BAD  

I would not be surprised if the recent -10% move is connected with Wannacry.

Nah. The price was (still is) overbought. It's normal to see the price drop if you take into consideration that people are cashing out, plus the fact that there is a poor level of buy support throughout the entire market at these levels. I personally don't give a single damn about the wave of ransomware infections, and others shouldn't too if they take care of their system security properly.

yea, but this ransomware spread is hitting government PC instance.
sure we, who aware such PC security won't take this issue serious, but imagine of a govn. instance with all public data got this on their server.

The fault was in the people who made and leaked this virus, because it obviously isn't home-made, Bitcoin is just a tool they are using to help their scheme not the cause.

[MingLee]

Highly visible shit like this, will be used by governments to regulate and/or outlaw crypto, and stops normal people from touching crypto

THIS IS VERY BAD  

I would not be surprised if the recent -10% move is connected with Wannacry.

Nah. The price was (still is) overbought. It's normal to see the price drop if you take into consideration that people are cashing out, plus the fact that there is a poor level of buy support throughout the entire market at these levels. I personally don't give a single damn about the wave of ransomware infections, and others shouldn't too if they take care of their system security properly.

yea, but this ransomware spread is hitting government PC instance.
sure we, who aware such PC security won't take this issue serious, but imagine of a govn. instance with all public data got this on their server.

The fault was in the people who made and leaked this virus, because it obviously isn't home-made, Bitcoin is just a tool they are using to help their scheme not the cause.

There's a high chance that the ransomware was set to activate at a specific time and it was just infecting places along the way, and the NHS and whatever just happened to get caught up in it. Considering they're asking for just $300 it doesn't seem like a targeted attack and there were likely more factors at play.

[coinits]

Highly visible shit like this, will be used by governments to regulate and/or outlaw crypto, and stops normal people from touching crypto

THIS IS VERY BAD  

I would not be surprised if the recent -10% move is connected with Wannacry.

Nah. The price was (still is) overbought. It's normal to see the price drop if you take into consideration that people are cashing out, plus the fact that there is a poor level of buy support throughout the entire market at these levels. I personally don't give a single damn about the wave of ransomware infections, and others shouldn't too if they take care of their system security properly.

yea, but this ransomware spread is hitting government PC instance.
sure we, who aware such PC security won't take this issue serious, but imagine of a govn. instance with all public data got this on their server.

The fault was in the people who made and leaked this virus, because it obviously isn't home-made, Bitcoin is just a tool they are using to help their scheme not the cause.

There's a high chance that the ransomware was set to activate at a specific time and it was just infecting places along the way, and the NHS and whatever just happened to get caught up in it. Considering they're asking for just $300 it doesn't seem like a targeted attack and there were likely more factors at play.

Actually $300 worth of BTC is the 'bargain' price and it keeps rising as time drags on until it reaches $600 worth of BTC. If they still don't pay the virus deletes the encrypted files permanently. At least according to this article: https://apnews.com/770946e7df454d2e9acda3bdbd3ed425/Unprecedented-global-'ransomware'-attack-seeks-cash-for-data

The attack held hospitals and other entities hostage by freezing computers, encrypting data and demanding money through online bitcoin payments. But it appears to be “low-level” stuff, Eisen said Saturday, given the amount of ransom demanded — $300 at first, rising to $600 before it destroys files hours later.

[pooya87]

taking ransom is something that has been happening ever since Middle Ages and with a lot of different requests, money, property, etc in return.
ransomware has been around for a while (1989) and it also has been asking for many different things. these include but restricted to wire transfers, premium-rate text messages, pre-paid voucher services such as Paysafecard.
ever since 2016 it has started asking for bitcoin also more.

now if you think this can bring down bitcoin, the decentralized cryptocurrency, then you don't know nothing about it

p.s. don't worry they soon will move on to Monero.

[dinofelis]

This is one of the true use cases of crypto: where fiat can hardly go.  That said, bitcoin is a bit too transparent for this kind of activity.  They should have used an obfuscated chain, not a transparent one, because if they are not very, very careful, the coins will be traced to some point.

[Stariroy]

Nah, the mainstream media has made surprisingly little mention of Bitcoin in their reporting of the ransomware attacks and it doesn't matter - it's just another crime that people can commit with Bitcoin if they want to. Bitcoin isn't even the best thing to use for these attacks - Monero and other anonymous alts would ultimately be much better choices. If anything, the price will go up because of people buying Bitcoin to pay their ransoms  

I concur. Of course, Bitcoin can be used by anyone and for any kind of transaction and yes somehow it makes it more convenient for hackers to do their job because they can now use Bitcoin and maybe get away with the transaction. But am sure that soon we can find a way to stop these bad people from using Bitcoin. There should be a way for these hackers to be trace so they can be discouraged from using Bitcoin for illegal acts.

[betlord90]

Nah, the mainstream media has made surprisingly little mention of Bitcoin in their reporting of the ransomware attacks and it doesn't matter - it's just another crime that people can commit with Bitcoin if they want to. Bitcoin isn't even the best thing to use for these attacks - Monero and other anonymous alts would ultimately be much better choices. If anything, the price will go up because of people buying Bitcoin to pay their ransoms  

I concur. Of course, Bitcoin can be used by anyone and for any kind of transaction and yes somehow it makes it more convenient for hackers to do their job because they can now use Bitcoin and maybe get away with the transaction. But am sure that soon we can find a way to stop these bad people from using Bitcoin. There should be a way for these hackers to be trace so they can be discouraged from using Bitcoin for illegal acts.

Anonymity is one of the reason why the hacker selects bitcoins to be their ransom payments and they will be cover up by this since bitcoins are pretty anonymous and they can also use some mixer service so that they can be more hidden on this. And actually i can't see some point on why it has great effect on bitcoins since we already see some event like this and mostly the scenario happens is the dumping of their coins what they have so where is the great on that?

[apoorvlathey]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

There should not be any effect on bitcoin as it is just another currency. What did such criminals used before bitcoins, yes fiat !
But maybe the governments won't think like this, can't say.
Every coin has two sides and it depends on the people how they use it.

[Yuuto]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

There should not be any effect on bitcoin as it is just another currency. What did such criminals used before bitcoins, yes fiat !
But maybe the governments won't think like this, can't say.
Every coin has two sides and it depends on the people how they use it.

i Agree Completely. No currency can be held responsible for the actions people take while using it. just like weapons cant be held responsible for the deaths they have been used to cause. or lamps being held responsible for the epileptic seizures cause by them when someone hits the switch on and off 20 straight times with an epileptic in the room. people aren't going to stop using bitcoin because certain other people use it for bad ends. inanimate objects are neither good nor evil. They are simply used by people who are either good or evil. I mean, would you up and decide to never use a toilet again because someone once drowned a child by forcing there head in a toilet and holding them down? no. because you realize that the toilet didnt kill the kid but the evil person did and you would be really tired of wiping with leaves (possibly poison ivy) within a week at max and would rush back to the toilet.

[freedomno1]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

Bitcoin will not fail due to ransomware just as the US dollar or other Fiat currencies do not fail because people use it for illicit purposes. A currency at the end of the day government regulated or self-created and monitored is just that a means of exchange. What people do with an exchange will never be banned.

[posternat]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

Bitcoin will always fall not because of the ransomware fiasco that we have right now but because of correction for its recent increase in price. With the news and articles that I read about ransomware, it is very noticeable that the blame is currently on NSA and not on BTC as a mode of payment for it. People are already aware that BTC can be used in many criminal acts but they can't do anything about it. The solution that they should be looking at is how to increase the security of their PCs (including briefing their employees about cybersecurity) and patch all the vulnerabilities that they discovered in Windows OS.

The whole blame story revolves around NSA and not on bitcoin. Bitcoin was just a source to collect the Ransomware money. I believe Bitcoin reputation wont be much hurt by this incident as bitcoin is not directly involved in this event of security lag. The vulnerability of windows OS  always exists and no matter how much update to date patched you have, Hackers are always one step ahead to breach the codes.

[Doms]

yea, but this ransomware spread is hitting government PC instance.
sure we, who aware such PC security won't take this issue serious, but imagine of a govn. instance with all public data got this on their server.

If a government gets its systems infected, they are doing something horribly wrong. Even more precise, I know certain local government departments where they still happen to run WIN XP on their systems -- how dumb is that? Main reason is that they try to cut costs as much as possible. And the government isn't the only entity using old and unsafe software to cut costs -- it's a wide spread problem that effects the business economy as well.

There are also some local banks that still run their systems on old versions of Windows, which instantly adds them to the list of hackable establishments. But on bitcoin in general, it has hardly affected the price and the media doesn't seem to be putting any special attention to it with regard to this ransomware. Bitcoin is going to be ok because there has been a lot more positive developments lately and wider adoption in some countries.

[nydiacaskey01]

Question with this ransomware, is this limited to those who are known to be users of Bitcoins or this ransomware attack can happen to anyone. Is there a way to at least see if what you are downloading online includes a ransomware. Is there a way to at least avoid this like activating or deactivatikn some function in your OS.

[MysticOne]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

  Surprisingly Bitcoin has only been a footnote in all of the articles I have read so far regarding this latest attack. BTC has come a long way since past negative incidents that have happened and media used the time to demonize  BTC. I think it has to do with it being much more widely accepted these days.

   The main story should be about the NSA exploits and data being leaked that helped the hackers develop this version of ransomware. Also the fact that there are so many vulnerabilities to be exploited in our Operating Systems is pretty damn scary.