The real casualty of the WannaCrypt cyberattacks is bitcoin. If the vendors had done the right thing from the start, then they would have offered a process to go through the blockchain records and recover value from bitcoins stored at various services which was derived from ransomware, reissuing them as “proven clean” coins. Even if a Bitcoin banker decides to take a million coins and put them into a transaction to issue a million new coins, the transaction record is still on hand and it is still possible to calculate exactly how much of each new coin is ransom money. If reputable vendors dealt only in “clean” coins, making a process to forfeit ransoms, then before long everyone taking Bitcoins would have an interest in covering themselves by knowing where they are coming from in case of them being stolen or extorted property.
But since Bitcoin didn’t do that, I predict that Britain’s spy-dominated government is not going to be nearly so understanding, and the U.S. will follow their lead. I think it is only a matter of time before they say that if a Bitcoin’s blockchain contains even a single extorted coin, the entire coin is forfeit. I think the moment they announce this policy, Bitcoins are going to crash in value and the whole thing is going to come close to falling apart. That said, it is possible that someone can mount a last-ditch defense of the institution — provided they have a way to assure the average member of the public that his first and only transaction in Bitcoins won’t be paying a ransom! Otherwise, expect total prohibition.
Or we could blame the NSA for leaving these zero days in the wild and subsequent dump of said zero days by shadow brokers so any script kiddie can now deploy such things. We cant blame bitcoin. To quote Andreas Antonopoulos, " to blame bitcoin for these ransomware attacks is like blaming a dufflebag full of cash for a kidnapping". This will not kill bitcoin.
Living-Freedom
The problem isn't the script kiddies, as most of these script kiddies only want to break into networks or nodes that are public facing, just to have bragging rights.. the patch for this "wanna cry" vulnerability has been around since the later part of last year, further more a lot of these banking systems are still running Windows XP, Windows Server 2003 & 2008 on critical components of their infrastructure, most ATMs are still running XP.. The problem here is that if enough BitCoin fall into one individuals hands .. they can manipulate the market to their advantage.. Pump and Dump... and after the Second, Third or even fourth bubble they are able to expand and then pop, most people will exit, because the market will be too volatile
True
nice post
Thank you
Good Post ~ @thatsnumberwang
Thank you