[2017-05-17] Mint: The bitcoin bug bites and you just cannot ignore it

[polynesia]

The bitcoin bug bites and you just cannot ignore it

http://www.livemint.com/Money/K9OrK1cVXKhYigwOzwpbOJ/The-bitcoin-bug-bites-and-you-just-cannot-ignore-it.html

Bitcoin, the cryptocurrency created by encryption techniques, is in the news again. Criminal hackers, who on 12 May launched one of the biggest cyber attacks ever and took networks hostage worldwide, demanded that their ransom be paid in bitcoins. There are other cryptocurrencies too, such as: litecoin, peercoin, namecoin, ether and primecoin. However, bitcoin has attracted the most interest globally. Lately, it has also been in the news for a sharp rise in its price and the stance that regulators of different countries have taken on it. Mint Money takes a look at the current state of bitcoins.

Ransomware

Last week, a computer malware attack affected digital networks across 150 countries. Governments and corporations are keeping a close watch on it, which they now know to be ransomware attack. According to Microsoft, ransomware stops you from using your computers by holding your personal computer (PC) or files for a ransom. There are different types of ransomware, but what is common among them is that all of them prevent your computer from working normally, till you pay a ransom. Ransomware can target any computer, be it a home computer, endpoints in an enterprise network, or even servers used by government agencies and healthcare providers.

[@prashant]

I dont why people cant understand a one simple thing,bitcoin is like a asset just like gold,house,etc.people use it to gain profit just like you do when you do forex or share market trading.instead of stoping malware attack ,govt and media start blaming on btc.