Friday, May 14, 2021

Revisiting current events: Ransomware good for bitcoin?

There's been lots of talk lately about ransomware and how easy it is to carry one out, especially for frail security systems like regional institutions. With lots of publicity around the Colonial hack (and even for what the media calls "untraceable money", lol) and how they were forced to buy up $5m in bitcoin, this is actually a good thing for bitcoin™ right? While I wouldn't consider this a "whale", it's definitely a big enough event to push the price higher. Am I crazy or heartless for thinking this?


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