Cryptocurrency

[Drei]

Sell now. By the end of the day it will be illegal to hold any cryptocurrency after the global ransomware attack demanding to be paid in such an 'untraceable' method.

Off to ladbrokes to see what odds they give on it being the world's central bwankers behind the attack, to kill off the new kid muscling in on their cartel.

I doubt the Bitcoin value will drop that much, I can see from peak just under $1900 the other day to $1600 now.

They should be able to trace that money, wallet to wallet until it comes out somewhere, harder to cash out unless they use it to buy other shady stuff.

[Hobosapien]

The value should have risen due to demand from those trying to get hold of them to pay the ransom.

Longer term it seems inevitable the world governments won't allow such things to remain 'anonymous' and use it as an excuse to restrict the internet and encryption, so they can track everything under the old 'nothing to fear if you've nothing to hide' mantra.

[DimPrawn]

The value should have risen due to demand from those trying to get hold of them to pay the ransom.

Longer term it seems inevitable the world governments won't allow such things to remain 'anonymous' and use it as an excuse to restrict the internet and encryption, so they can track everything under the old 'nothing to fear if you've nothing to hide' mantra.

When that happens, BitCoin will go from $1m per coin to $1 per coin overnight.

[scooterscot]

Give it two years before the bubble bursts... will exit before then.

[Drei]

Price is back up again $1755 and going up.

[BrilloPad]

Give it two years before the bubble bursts... will exit before then.

If that what the UK said about the EU in 2015?

[_V_]

The value should have risen due to demand from those trying to get hold of them to pay the ransom.

Longer term it seems inevitable the world governments won't allow such things to remain 'anonymous' and use it as an excuse to restrict the internet and encryption, so they can track everything under the old 'nothing to fear if you've nothing to hide' mantra.

Is it a conspiracy by the Global Elite™ to release spy agency malware to destroy crypto-currencies?

Global wide death penalty for anyone buying, selling or acting as any kind of agent to handle BitCoin and similar.

[scooterscot]

Global wide death penalty for anyone buying, selling or acting as any kind of agent to handle BitCoin and similar.

Why? Blockchain exists in no one place, the place it does exist changes daily. To kill the blockchain would require specific knowledge about where it exists in multiple jurisdictions at some point in the future for a coordinated attack. How do you attack an encrypted network?

Central banks feel threatened by blockchain. You can expect more and more money to flow into bitcoin throughout 2017.

[AtW]

How do you attack an encrypted network?

Attack points where bittulip is exchanged for real dollars: this is where money laundering going on, proceeds of crime from malware gets cashed out - as soon as those points are closed the "value" of crypto "currency" would drop to zero.

Bitcoin is the single most important factor responsible for growth of ransomware - without ability to accept payments that thing simply would not be attractive to criminals.

The end is nigh for Bitcoin...

[Drei]

Not sure about any of these. Bitcoin value going back up, Litecoin steady at around $30, not bad for anyone purchasing it at $4 and under 3 weeks ago.

Long way to go before cryptocurrency will be controlled or shut down by the Government.