Is this real?

[Jcabudx]

We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why.

Last week I wrote an article on illicit cryptomining – how hackers are sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other devices. I attempted to raise the alarm, calling this threat the most dangerous of 2018.

I didn’t go far enough.

Upon deeper reflection, the implications of illicit cryptomining are profoundly frightening. Because this type of cyberattack is ‘relatively’ benign – for certain definitions of ‘relatively’ – it’s positioned to run amuck, taking over computers, networks, data centers, and cloud environments around the world.

Perhaps there’s a way to stop this insidious infection from killing its host, which is nothing less than the global computing infrastructure. To be sure, cybersecurity vendors are already on the job.

In my opinion, however, prevention and mitigation technologies will never work well enough. There’s only one way to slay this beast. We must make all cryptocurrency as we know it today illegal.

https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#496e47a51bca

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[Pursuer]

yeah, well this is just another attack on bitcoin like thousands of other types of attacks against bitcoin. it may not seem like it but there is a war going on. there are in fact people who are scared of bitcoin because it is threatening their corrupt way of controlling money and they are seeing their future and they don't like it.
so what do they do? they try to delay the inevitable as much as they can.

but unfortunately for them, they have already lost the fight and the more they fight it the farther behind they will fall. other countries have already moved ahead with adopting bitcoin and are growing bigger by the minute, countries such as Japan, Germany, Canada, Switzerland,...

I say let forbes and the quoted person in their articles put their head in the sand while others move ahead and leave them in the dust

[Nerman]

We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why.

Last week I wrote an article on illicit cryptomining – how hackers are sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other devices. I attempted to raise the alarm, calling this threat the most dangerous of 2018.

I didn’t go far enough.

Upon deeper reflection, the implications of illicit cryptomining are profoundly frightening. Because this type of cyberattack is ‘relatively’ benign – for certain definitions of ‘relatively’ – it’s positioned to run amuck, taking over computers, networks, data centers, and cloud environments around the world.

Perhaps there’s a way to stop this insidious infection from killing its host, which is nothing less than the global computing infrastructure. To be sure, cybersecurity vendors are already on the job.

In my opinion, however, prevention and mitigation technologies will never work well enough. There’s only one way to slay this beast. We must make all cryptocurrency as we know it today illegal.

https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#496e47a51bca

As I read the article it seems that he is concerned on criminals and terrorist using crypto currency mining to fund their disgusting activities. Well that maybe true but that is a bias way of reporting it because there are also legit miners all around the world. Also Before Crypto currency there are already terrorist that are using FIAT does it mean we need to stop using FIAT as well.

[trecore4]

DO you think that it is possible on the mass scale or global scale? I don't think that they will be able to intrude into global infrastructure and crack it down. The global infrastructure is obviously tracked with best security systems and many of them use the end point protection thus giving it extra security. I think hackers will bale to infect the systems but they wont be able sneak in and sneak out so easily. As they progress the security system will pogress too. If we know this is an issue then big corporate companies must be knowing that for sure. So im sure that its just about the time when we will have most secured global service with no hacking portals at all.

[jseverson]

You mean the attack the author is talking about? Yes it's real. It's basically cryptojacking, except he somehow blows it out of proportion. Notice how he's talking about hackers mining Monero. He's basically talking about Coinhive, that web script that mines Monero using visitors' processing power.

The problem with this is that as far as I know, the script itself isn't dangerous. It uses your processing power -- either with or without your knowledge, and doesn't really do anything other than that. It could be said that such a script existing could be the start of something far more dangerous, but there hasn't really been any indications that that's going to happen yet.

Just run a javascript blocker like NoScript and you can safely ignore his ramblings lmao.

[First77]

Bitcoin $1 to $10,000 in 9 years is also dangerous because terrorists, drug dealers and criminals must also be mining or buying Bitcoin since it is decentralized.

50,000 % profit for Bitcoin has given $200,000,000 to North Korea and $30,000,000 to ISIS & ISIL. Bitcoin at $100 looks OK.

[priselive]

Hacker attacks can stop the same smart people, like the ones that invented them, but it will be difficult to love it! Everything in nature is relative - on any organism there is a parasite, so here with crypto-currencies, there will always be bad and good people who will try to do something! I do not know how I can protect myself from this, I constantly look for answers, but I do not have enough intelligence to

[Kotone]

We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why.

Last week I wrote an article on illicit cryptomining – how hackers are sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other devices. I attempted to raise the alarm, calling this threat the most dangerous of 2018.

I didn’t go far enough.

Upon deeper reflection, the implications of illicit cryptomining are profoundly frightening. Because this type of cyberattack is ‘relatively’ benign – for certain definitions of ‘relatively’ – it’s positioned to run amuck, taking over computers, networks, data centers, and cloud environments around the world.

Perhaps there’s a way to stop this insidious infection from killing its host, which is nothing less than the global computing infrastructure. To be sure, cybersecurity vendors are already on the job.

In my opinion, however, prevention and mitigation technologies will never work well enough. There’s only one way to slay this beast. We must make all cryptocurrency as we know it today illegal.

https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#496e47a51bca

Yes, sadly this is real i have heard reports of how a network engineer in a firm would use the network capabilities of their corporation and their firm to be an extension to the houses or to the other offices of their clients to mine bitcoin. Even hackers putting a bug in a witing system and enabling it to parse the internet to search for a terminal in ehich it can quietly and sneak mining of the crytpocyrrencies for them to have it on their pockets. This is real and also one of the reasons it is banned from other countries

[eternalgloom]

Is this guy being serious? He's against the notion that Bitcoin and other altcoins are using a public blockchain.
Again, we see the same arguments being made, criminals mine Bitcoin, so we should force every miner to register with some central authority. (the gist of it)

The problem with permissionless, public blockchains is that anybody can sign up as a miner – which means that there’s nothing stopping criminals from doing so.

Not all mining enterprises are criminal, of course. There are plenty of people building mining businesses that are perfectly on the level. But that being said, there are many different criminal pursuits that can leverage mining.

Tax evasion. Money laundering. Funding terrorism or other illegal activity not directly related to cryptocurrency. But the most nefarious of all criminal motivations: illicit cryptomining.

Proposes to implement a KYC equivalent but then for miners:

To combat money laundering, regulatory agencies around the globe require companies to ‘know your customer’ (KYC). In theory, if all participants in a transaction have sufficient details about the parties they’re doing business with, then it will be far more difficult for criminals to launder their ill-gotten gains.

Because anyone can become a cryptocurrency miner, it would only be logical for the same regulatory bodies to institute a ‘know your miner’ policy.

After all, if you want to conduct any kind of transaction with Bitcoin or any altcoin, you’d like to know that the miner processing your transaction isn’t a criminal enterprise who might use its share of the transaction fee to support terrorists or child pornographers, right?

I don't even know where to start with all of this. This just seems like an amazingly bad idea, basically fuck everybody over just because there's a minority of criminals making money through Bitcoin mining?

[maichimoto]

We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why.

Last week I wrote an article on illicit cryptomining – how hackers are sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other devices. I attempted to raise the alarm, calling this threat the most dangerous of 2018.

I didn’t go far enough.

Upon deeper reflection, the implications of illicit cryptomining are profoundly frightening. Because this type of cyberattack is ‘relatively’ benign – for certain definitions of ‘relatively’ – it’s positioned to run amuck, taking over computers, networks, data centers, and cloud environments around the world.

Perhaps there’s a way to stop this insidious infection from killing its host, which is nothing less than the global computing infrastructure. To be sure, cybersecurity vendors are already on the job.

In my opinion, however, prevention and mitigation technologies will never work well enough. There’s only one way to slay this beast. We must make all cryptocurrency as we know it today illegal.

https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#496e47a51bca

it's ridiculous to claim there is no other way than calling all crypto currencies illegal for this matter. You sound like an intelligent person, usually this kind of fud comes from half wits

[eyebags1994]

Yes it is! Bitcoin is so real. Because it its not do you think it go far as what it become now. And the people who are engaging into it . do you think they would become as wealthy as they are now if bitcoin is not real. Let's just think of it. And see what will happen in the coming years in bitcoin.

[boboking]

Another guy who creates fud. If you read the article i do not see any reason to shut down crypto currency. Probaly he just want people to click the link because of the title, the content of the article is not enough to abandon crypto currency.

[franky1]

bitcoin doesnt need laws to scare off illicit 'cryptomining'.... ASICS done that for us.
also criminals ignore laws

but anyway lets explain asics solving the issue:
its not rational or profitable to CPU/GPU mine any more, so hackers simply do not bother making apps to illicitly cryptomine bitcoin.
all that needs to be done is for the altcoins to not resist ASICS but to develop mining tools that dont require PC software to mine, then its not a problem

in short if mining is not a PC operation but a separate device operation. then hackers wont target pc's

the other part is that many people download scammy programs promising a bitcoin hack that  can make them $$$$ for free. the idiots that believe such fake programs kinda deserve the slap in the face by becoming a victim of their own greed

[teilwalL05]

Can we do something about it? If a hacker attack it is unavoidable you can not do something about it when your security have been breach, And you have said this is just benign that means it is mild and only harmless well all of your Crypto and money will be gone and it is just a mild problem? But well we can not do something about it because all people have the right to be unknown in the Crypto Community.

[coinbitrade1994]

With the development of crypto currency, crypto attacks are developing. We can not avoid these processes. It remains only to increase and think up a new protection for crypto currencies

[Arwinkim]

Attacks against bitcoin and other cryptocurrencies is inevitable. Bitcoin should be under control by authorized regulation to monitor all transaction. This is very dangerous if criminal seizes the system. However, it is impossible considering it is decentralized unless we are in the same boat.

[belyaevi]

Bitcoin $1 to $10,000 in 9 years is also dangerous because terrorists, drug dealers and criminals must also be mining or buying Bitcoin since it is decentralized.

50,000 % profit for Bitcoin has given $200,000,000 to North Korea and $30,000,000 to ISIS & ISIL. Bitcoin at $100 looks OK.

Nice point there, bitcoin was able to survive and grow even after so many accusations. This is because these are just foolish accusations. If a terrorist organisation is suing bank services, should we shut down all banks ? If criminals start using PayPal for transferring money (which is done as many illegal things are sold in dark web through PayPal) ., should we close this awesome company. There is no fault of bitcoins in any person or a particular group of person is using it for illegal activities. We should catch those people.

[Ondongeric18]

Well if this is true, it will end cryptocurrency. But i think it was just a suggestion of an individual who thinks there are no solutions but to end cryptocurrency. There are other means than ending it. How about putting KYC's or displaying account of persons transacting. How about making the adressess and its owner public  upon request of the hacked individuals? This will lessen hacking because they will be viewed by many.

[First77]

Nice point there, bitcoin was able to survive and grow even after so many accusations. This is because these are just foolish accusations. If a terrorist organisation is suing bank services, should we shut down all banks ? If criminals start using PayPal for transferring money (which is done as many illegal things are sold in dark web through PayPal) ., should we close this awesome company. There is no fault of bitcoins in any person or a particular group of person is using it for illegal activities. We should catch those people.

If terrorists buy $25,000 bitcoins and price goes up from $1,000 to $10,000, now terrorists have $2,500,000 because of greedy gamblers and rich scammers.

If the price falls 10 times, terrorists will have $2500

[Carlton Banks]

Central banks print money that's then given to terrorist groups (e.g. Syrian rebel groups), or to the destructive purposes of hedge funds and banks on the financial markets (e.g. the entire century of financial market crimes we're in right now), or to genocidal rulers killing 100's of millions of innocent people for "peace" (Lindon Johnson, Richard Nixon, G.W. Bush, Barack Obama, Tony Blair, Margaret Thatcher etc)


So, on moral grounds, Jason Bloomberg wants central banks shut down too? And considering how extraordinary their collusion in mass murder, central banks should be shut down first, right Jason?