Saturday 18 June 2011

Not even Bitcoins are safe

Bitcoins popularity has surged recently. If you don't already know, Bitcoins are a totally anonymous internet currency. Bitcoins are generated by computers called 'miners', and work in a very similar way to a real currency. You can sell your Bitcoins for real money, too, and huge value increases in Bitcoins have made some people a lot of money. For the 2 years since their creation Bitcoins have been doing well. But now, for those of you who have Bitcoins, your cash is under threat. A piece of malware has been developed called Infostealer.Coinbit, that takes your Bitcoin wallet information and emails it to the attackers. Recently someone lost $500,000 worth of Bitcoins to this virus and many other have too. But do not fear, Bitcoins users! You have the option to encrypt your Bitcoins wallet. If you use a strong password, the attacker will have practically no way of getting your money. So get encrypting!

If you are not involved in Bitcoins, you may want to take a look. There are already hundreds of services out there that support them, and you can get a small amount for free if you are just starting out. Check out the links below.

The Bitcoin homepage
A more detailed information site
Free Bitcoins

13 comments:

  1. who's this guy that had $500k worth in bitcoins in the first place

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  2. From what I understand, the guy from Pirate Bay put all of his savings into Bitcoin

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  3. I knew this man wasn't a prophet!
    http://www.guardian.co.uk/commentisfree/2009/aug/10/charlie-brooker-iphone

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  4. Why would you keep 500k in bitcoins. Put that stuff in a a real bank.

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  5. I thought the US government wanted Bitcoins shut down anyway, can't see them lasting much longer.

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  6. I've heard this news before. It's really scary, and everyone using it is at risk!

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  7. Even if the US government want them shut down, they can't do anything. Nobody controls the internet. Many people think that because the FBI can shut down the odd website, the USA controls in the internet. All it means is that the hosting servers were in the US. For example, if bitcoins master servers were in Russian, Sweden etc...they are powerless.

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  8. I was going to buy a bitcoin the other day just to say I had one XD

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  9. ive been messing around with bit coins, ive yet to yield any from mining though =P

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  10. Guys, it's called an investment. Sure, it's a major risk putting 500k into bitcoins, but it could very well have paid off nicely

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  11. The only time I hear about bitcoins is when "deepwebbing" is discussed. Informative article, though, dude! I might just look into bitcoins, now that I know a bit more about them.

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  12. I personally dont trust any kind of online transactions.


    Also that request for the dinosaur with lasers is done, come see it :) http://no-its.blogspot.com/

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