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Pair said to have illegally generated $1M worth of Bitcoins
- Laremere 13y ago> One of regulators' biggest worries about virtual currencies, like Bitcoin, is that they're susceptible to fraud, counterfeiting, and manipulation. Well, two people in Germany apparently just proved this was possible. The problem with the way this article is worded is that the way these Bitcoins were obtained had nothing to do with fraud, counterfeiting nor manipulation. Their actions were illegal because they ran malware on people's computers to generate the bitcoins, not because they manipulated the currency itself.
- djbelieny 13y agoYou beat me to it by 8 minutes :)
- molecule 13y ago> The problem with the way this article is worded is that the way these Bitcoins were obtained had nothing to do with fraud, counterfeiting nor manipulation. bingo: http://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt http://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt
- djbelieny 13y agoOh my, here we go... This article is ridiculous. Using the hijacking and botnet deployment to mine for Coins as an example of Digital/Virtual Currencies being more "susceptible to fraud, counterfeiting and manipulation" than "Real" currencies has got to be a joke. It's the same as saying the US Dollar is more "susceptible to fraud, counterfeiting and manipulation" because people sell crack to "mine" for Dollars. Unbelievable!
- pfisch 13y agoTerrible. Should not be on front page because the headline is so misleading.
- shashwat986 13y agoOkay. I'm out. No more BTC for me. EDIT: I read the article. I know what it's about.
- shalmanese 13y agoThe good news is that this method is now computationally infeasible and ASICs are much less susceptible to malware.