10 Sep '12, 10pm

Does Mitt Romney have a Bitcoin problem?

Does Mitt Romney have a Bitcoin problem?

Nicholas Kamm/AFP/Getty Images Republican nominee Mitt Romney, shown speaking in Colorado. Were his tax returns really hacked? And how is he going to get $1 million in Bitcoin? There hasn't been much movement on last week's news that Mitt Romney's tax returns were hacked and that the hackers have demanded a $1-million ransom to not release them to the media — a ransom payable in the peer-to-peer cybercurrency Bitcoin , about which I have been frequently writing for the past few months. Matthew Elias and James Woods have an excellent piece at American Banker detailing the caper and offering what I think is a good explanation for why the hackers, if they're for real, have done this: It is...plausible that these actions are motivated by a desire to manipulate the market price of bitcoins, regardless of whether this is a hoax. Someone holding a large position in bitcoins would...

Full article: http://www.scpr.org/blogs/economy/2012/09/10/9897/does-mi...

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