Where's My Bitcoin? "Cerber" Ransomware Starts Stealing Cryptocurrency Wallets

[TheMailMan78]

Completely false. The purpose of sha256 in bitcoin is well established. Its simply a hash comparitive as part of the proof of work. (In short, the idea is to get a really really small hash and know exactly how many attempts it took to get there. This solves the block, and is easily validatable). The idea that it's being used for anything else or some secret project is mathamatically and factually silly.

Bitcoin won't end tomorrow in a "single law" because as cdawall has pointed out, the government and its members are players at this point.

The string of bodies over at Mt. Gox would disagree. Also on topic.....

http://mobile.devx.com/blog/agile/bitcoins-true-purpose.html

not that I would agree but it applies.

 

[R-T-B]

The string of bodies over at Mt. Gox would disagree. Also on topic.....

http://mobile.devx.com/blog/agile/bitcoins-true-purpose.html

not that I would agree but it applies.

What in the world does Mt Gox(which was a site hacking) or any of that have to do with the purpose of bitcoins PoW algorithm? Or if you mean in facilitating a law, how does what is effectively now old news make you think a law will be passed? If anything, the inaction is evidence to the contrary!

This seems like an incredible stretch to me that doesn't quite get there.

 

[DeathtoGnomes]

There were several bitcoin hacks since Mt.Gox. Not to mention a scam or two.

Edit:fisckt

 

[R-T-B]

There we several bitcoin hacks since Mt.Gox. Not to mention a scam or two.

And still my point stands.

There were several before it as well by the way. It's still the biggest one to date (or was, I think some Ethereum thing recently took the cake)

 

[DeathtoGnomes]

And still my point stands.

There were several before it as well by the way. It's still the biggest one to date (or was, I think some Ethereum thing recently took the cake)

I dont disagree with your point. Theft happens everyday in one form or another. The only reason those Bitcoin thefts made the news at all is because of the amounts stolen. Laws are very rarely changed just for 1 incident. If there was a real attempt to change (or create) the law, the lobbyists would use all known bitcoin thefts that appeared in the news as leverage to attempt to change it.