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I wonder how much of the recent BitCoin run up is driven by CryptoLocker? CryptoLocker demands 2 bitcoins (10 after initial deadline has passed) and there are
by spikels 13y ago
I wonder how much of the recent BitCoin run up is driven by CryptoLocker?
CryptoLocker demands 2 bitcoins (10 after initial deadline has passed) and there are only around 12 million BitCoins in circulation. I haven't seem any good estimates of how many people have been infected but it seems like it is quite a few. This additional demand could easily drive the price up although eventually the CyptoLocker extortionists would sell those BitCoins driving the price down.
- genwin 13y agoThey'd be apt to hold on to the bitcoins if the CryptoLocker infection is exponential.
- lectrick 13y agoTechnology is amoral. If you think Bitcoin is genuinely new technology which might find a niche, it pays to throw a little money its way. If you think the fact that people using a technology for nefarious purposes is a strike against that technology, then you should probably never handle cash, ever.
- ufmace 13y agoI doubt it's much, since from what I've read, virtually nobody is paying the ransoms in bitcoins. Makes sense - if you have some already, you aren't likely to be the type of person who gets infected by that. If you don't, well, the deadline for payment is like 3 days. I've bought bitcoins already multiple times, and I don't think I could buy some in 3 days reliably. Somebody who doesn't know much about bitcoin already doesn't have much chance of making a purchase before the deadline.