It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
A new piece of malware is rocking the Internet society now as it has been found that it is spreading through Skype which basically uses the infected computers to mine for Bitcoins and then make the owner of the malware money. It was discovered by by security firm Kaspersky, the malware is named “Trojan.Win32.Jorik.IRCbot.xkt,” and is spreading at an alarming rate.
Originally posted by buster2010
Yet another reason to not use bitcoin. Put your money into something you can hold in your hand like gold or silver not into something that can disappear due to malware or the net going down.
Originally posted by burntheships
reply to post by kdog1982
I saw this, left me wondering if this was the activity people were noticing with skype
doing stuff in the background....? Most likely yes.
Originally posted by buster2010
Yet another reason to not use bitcoin. Put your money into something you can hold in your hand like gold or silver not into something that can disappear due to malware or the net going down.
Bitcoin is not managed like typical currencies: it has no central bank or central organization. Instead, it relies on an internet-based peer-to-peer network. The money supply is automated and given to servers or "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes.
The log is authenticated by end-users through hashed ECDSA digital signatures (similar to a username and password) and confirmed by intense calculations of varying difficulty, performed by dedicated servers called bitcoin miners. Each 10-minute portion or "block" of the transaction log has an assigned money supply that is awarded to the miners once a "block" is confirmed. The amount per block depends on how long the network has been running and how much in transaction fees has been paid. Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140.[1][12]
Originally posted by SilentKoala
Originally posted by buster2010
Yet another reason to not use bitcoin. Put your money into something you can hold in your hand like gold or silver not into something that can disappear due to malware or the net going down.
That's not a reason not to use bitcoin. that's a reason not to download viruses like an idiot.
Originally posted by tothetenthpower
reply to post by kdog1982
Perhaps I can explain it better for you?
Bitcoin as a currency cannot be manipulated, outside of the value the consumer places on them. For instance, the bitcoin market could never be manipulated by a person. It would only come to change if the markets change.
Originally posted by buster2010
Originally posted by SilentKoala
Originally posted by buster2010
Yet another reason to not use bitcoin. Put your money into something you can hold in your hand like gold or silver not into something that can disappear due to malware or the net going down.
That's not a reason not to use bitcoin. that's a reason not to download viruses like an idiot.
Ever hear of the net crashing and it has already been hacked once before.
Originally posted by dominicus
I wouldn't be surprise of some Government alphabets where the responsible parties involved in trying anyway they can to shmear the bitcoin name.
Its decentralized and potentially untraceable and Governments hate what they dont have control over.
There needs to be 2-3 more competing currencies built exactly the same way
Originally posted by dominicus
I wouldn't be surprise of some Government alphabets where the responsible parties involved in trying anyway they can to shmear the bitcoin name.
Its decentralized and potentially untraceable and Governments hate what they dont have control over.
There needs to be 2-3 more competing currencies built exactly the same way
Originally posted by buster2010
Yet another reason to not use bitcoin. Put your money into something you can hold in your hand like gold or silver not into something that can disappear due to malware or the net going down.
Originally posted by SilentKoala
Originally posted by dominicus
I wouldn't be surprise of some Government alphabets where the responsible parties involved in trying anyway they can to shmear the bitcoin name.
Its decentralized and potentially untraceable and Governments hate what they dont have control over.
There needs to be 2-3 more competing currencies built exactly the same way
I don't think this is the case. In fact, some have speculated that they are silently promoting it.
I don't personally care who is promoting it and who isn't; to me it is just an innovative and vastly superior way of doing things. Just like how peer-to-peer is a more efficient and more secure model than the client-server model, a decentralized monetary system is more efficient and more secure than the central banking model.