Sunday, June 26, 2011

Bad guys go after Bitcoins

Highly predictable: the bad guys now go after bitcoins.

For these who don't know what Bitcoins are, it's a new form a virtual, distributed currency. Instead of being managed by a state, a public entity or a government, the users manage it. Some people already accept them as a mean of payment for purchase on the Internet.

With the ability to convert hard cash into bitcoins and back, of course there is the ability to steal virtual money, which can translate into real money.

It's now done. When I first read the article in New Scientist, my first reaction was that it wouldn't be long before someone gets an "interest" at it. But my guess was mostly bad guys hacking into computers to steal processing resources to earn the random generation process.

It seems they found another way: stealing the purse.