Basically this is about as bad if not worse than Sony’s rootkit fiasco years ago. A competitive gaming league which charges its members 7 dollars per month and has 15000 active members snuck a bitcoin miner onto the gaming client which activates 10 minutes after a system goes idle.
There are thousands and thousands of companies making a showing at this year’s CES, but one surprise appearance is by Bitcoin. The digital currency, once a thing of only hackers and underground internet drug dealers has been trying to go legit lately, and their booth at CES highlights this emergence from the dark web.
Even though Wordpress now takes Bitcoins as payment, the rest of the world hasn’t taken Bitcoin seriously as real money. That may begin to change, now that Bitcoin Central, the hub from which all Bitcoin exchanges are transacted, has been approved in France to operate as a real bank.
Cash is great, cash is mostly untraceable, but cash can also be a liability in some situations. These days, it appears more and more drug dealers and more buyers are using digital currency to transact business, either with BitCoin, PayPal or Venmo.
Last week there was news of people getting their Bitcoin wallets hacked and today, the main exchange was compromised, causing the value of a Bitcoin to plummet like a box of lead weights. See that chart up there? That’s the value of someone’s Bitcoin money being reduced to almost zero.
A couple weeks ago, we told you about the deep internet site The Silk Road, in which people could buy all sorts of illegal drugs using Bitcoin currency. This in turn prompted US lawmakers to look into how to block or take down Bitcoin, but it could be that Bitcoin could take itself down.
With the story of the deep web encrypted site The Silk Road hitting such high profile sites as Wired and Gawker last week, you knew it was only a matter of time before the US Senate started looking into things like Bitcoin, the decentralized, nearly untraceable cryptocurrency.