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Author Topic: RANSOMWARE impact  (Read 11762 times)
Redones
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May 13, 2017, 06:22:14 PM
 #1

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
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May 13, 2017, 06:36:15 PM
 #2

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   Smiley

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May 13, 2017, 06:44:53 PM
 #3

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   Smiley
I agree with the fact that the media has made little mention of bitcoins, but the media is something and security stuff is other thing.
 the price will go up instantly but when this end Government will begin take serious decisions about bitcoin and its users/holders 
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May 13, 2017, 06:57:00 PM
 #4

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
Government and all bitcoin holders knows that bitcoin is also being used for illegal purposes but this doesn't mean bitcoin price will dump just because of the current ransomeware attack. Some one have to buy bitcoin to pay hacker which will rather increase marketcap and price of bitcoin. It's bad that many have lost important files and many have to pay thousands to get their files back due to this but in past also there were such attacks when bitcoin was not evolved. So i don't think anybody should blame bitcoin for all this attacks.

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May 13, 2017, 07:08:10 PM
 #5

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   Smiley
I agree with the fact that the media has made little mention of bitcoins, but the media is something and security stuff is other thing.
 the price will go up instantly but when this end Government will begin take serious decisions about bitcoin and its users/holders 
It's not realistically possible for governments to ban illegal activities being done with Bitcoin.  The reason for this is based on logic that people like you state yourselves.

Actually, it's a paradox.  If Bitcoin really is untraceable, then a government trying to ban it will fail because criminals will not be traced.  If it is traceable, then a government will have no reason to ban it.

Regardless, they can't ban a decentralised network.  They can't just force someone to stop because "someone" is thousands and thousands of participants that they don't know.

charlescoin
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May 13, 2017, 07:11:05 PM
 #6

As unfortunate as it is, it will actually increase demand for bitcoins through random people who have never used it needing all of a sudden to buy it.

In other words it will bring new people to the technology some of who otherwise would have resisted it to the end.
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May 13, 2017, 07:13:00 PM
 #7

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

For the global impact not a lot of ransom has been paid...

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May 13, 2017, 07:14:25 PM
 #8

I don´t think so. If anything, it could be a little price decrease if these people sold all their coins at once but surely they will not do that either.


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May 13, 2017, 07:17:58 PM
 #9

As unfortunate as it is, it will actually increase demand for bitcoins through random people who have never used it needing all of a sudden to buy it.

In other words it will bring new people to the technology some of who otherwise would have resisted it to the end.
Yes despite the fact that bitcoin is being used intensively for criminal purposes, this illegal use cases are playing important role in increasing demand for bitcoin.

Current buzz around this ransomeware may have positive effect on bitcoin price rather than any negative one.

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May 13, 2017, 07:45:12 PM
 #10

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 don't think it was greater impact to the market price really. Media didn't sensationalized bitcoin, what some other media reports says the threat of the virus is real, and not about bitcoin. Or could be increase the price of bitcoin it you look at it because people who has been affected may tend to buy to pay the ransom. I guess we just have to very careful now specially clicking any links we saw online so that we are not going to be another statistics of this illegal purposes.

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May 13, 2017, 07:52:32 PM
 #11

It will have not any impact on bitcoin. The media always have written against the bitcoin and its use in the black markets of the deep web. Ransomware is just something from the deep web that some persons are doing in the normal internet and trying to get some bitcoins from people who are not educated well in using a computer(in regarding security matters I mean, not that they are total ignorant in this).




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May 13, 2017, 07:58:32 PM
 #12

By this logic, we might stop using paper money because there are bad people who use it to buy drugs and guns...

Ransomware brings negative attention to Bitcoin and makes it easy for lazy journalists to write articles talking about 'criminals on the internet'
but will have no real long-term impact.

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May 13, 2017, 08:05:17 PM
 #13

You know what they say any publicity is good publicity. Joking aside I don't think it will have any effect. Media already wrote a lot about bitcoin and money laundering/drugs already and look where we are.
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May 13, 2017, 08:21:55 PM
Last edit: May 13, 2017, 08:41:11 PM by leopard2
 #14

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

Oh no, no, in fact there is KI based forensic blockchain analysis out there - in the near future most wallets will no longer be anonymous....

Criminals beware. I recently stumbled over this scary shit, because I was curious whether ZEC, XMR or DSH would offer better fungibility.

https://www.reddit.com/r/DarkNetMarkets/comments/5cb74u/blockchain_analysis_and_antimoney_laundering/

I am sure glad I never touched any of that darknet shit, but those who did, should be worried  Shocked

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May 13, 2017, 08:26:01 PM
 #15

By this logic, we might stop using paper money because there are bad people who use it to buy drugs and guns...

Ransomware brings negative attention to Bitcoin and makes it easy for lazy journalists to write articles talking about 'criminals on the internet'
but will have no real long-term impact.

Paper money is accepted by everyone and to not affect the totally they do divide it on 2 dirty and clean money and they pretend that they fight against the dirty..on our case they don't have control..and as we know all if it isn't controlled so it is illegal
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May 13, 2017, 08:35:30 PM
 #16

I don't think there is any direct impact on the price but it could certainly make people more fearful of computers and the internet. Thus they might trust technology less and use computers less. Since Bitcoin is based on computers and the internet this could have a negative effect on the price. People may also lose a lot of their money due to the Ransomware and have less funds to spend on Bitcoin. This could also negatively impact the price to a certain degree.

The Ransomware could have indirect positive effects on the price as well. Due to the attacks people may become more knowledgeable about computers and security. This draws them to computers and makes them more likely to but Bitcoin in the future.
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May 13, 2017, 08:39:34 PM
 #17

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  Sad

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

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May 13, 2017, 08:58:05 PM
 #18

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  Sad

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.
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May 13, 2017, 09:06:00 PM
 #19

Uh, nope? Lots of these threads today. More threads here than actual ransomware sent out haha. If the demands were made recently it means they hacked these people quite a while ago to hold their info ransom.

It won't affect bitcoin. If you're too stupid to understand that every currency is used for crime the. You're too stupid for bitcoins. Try trading your turnip for a pencil and get back in school.
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May 13, 2017, 09:09:50 PM
 #20

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  Sad

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.
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