06 Sep '12, 2pm

Bitcoin and the future of crime

Last night the news broke that hackers managed to physically break into the offices of a Pricewaterhouse Cooper branch in Tennessee and download the unreleased tax records of Republican Presidential Candidate Mitts Romney. These hackers set up shop in an empty office, connected to the servers in-house, and downloaded the files. The hackers then encrypted those tax return files and distributed them to the media, unreadable to anyone without the key. This key to the file, and therefor the right to read it first, is being held for ransom and is to be auctioned off to the highest bidder in an untraceable currency called Bitcoin. While it is a digital item being unlocked, regular kidnappers and thieves of the near future could begin demanding Bitcoin as payment, eliminating the fear of being traced back to the crime from a financial paper trail.Bitcoin protocol is an extremely ...

Full article: http://bostinno.com/2012/09/06/bitcoin-romneys-stolen-tax...

Tweets

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