Thread: Bitcoins
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Old 11-18-2013, 01:19 PM   #250
Tron_fdc
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Join Date: Apr 2004
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Quote:
Originally Posted by Rathji View Post
Your claim that they have expanded outside Silk Road etc, is true, but that is what was maintaining the price in the $120-$140 range prior to October.

If you look at the timeline for Cryptolocker...

From: http://labs.umbrella.com/2013/11/05/....YdVZ9cRN.dpuf


If you look at this 2 month price history chart, it shows the steady increase of BTC prices after about Oct 12, which increased quite considerably shortly after that time, on Nov 3, which is when Cryptolocker hit its full stride.

You can ignore the relationship, but I wouldn't if I was buying BTC and waiting for a good time to sell. (Hint: Its when the guys who made cryptolocker get caught)
That's actually kinda scary. The unlock key is 2 bitcoins, and if the price of a single bitcoin is being driven up at 5% per day, these guys are going to make a KILLING in a matter of weeks.

Brilliant though. Create a virus that deletes files unless you pay a ransom, in a currency that is anonymous and uncontrolled and can't be tracked. Oh, and in the meantime we're going to drive up that currency value every day.....
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