I’ve said before that I am not a friend of bitcoin.
I do not recommend bitcoin, because it is a virtual currency and once the system goes down all those bitcoins may just go “puff” and disappear in the ether, unlike physical gold and silver.
I also find it kind of suspicious that Bilderberg members are promoting it and that the alternative media is going so (positively) hysterical about it.
However, I may be proven to be completely wrong.
Paul Vernon, also known as Big Vern, is the founder of Cryptsy—the international cyber currency company (bitcoins). More than a year ago, Cryptsy was hacked by the developer of Lucky7Coin. During this time, the company was recovering it’s respect and reputation i.e. paying back money to user’s wallet.
How did the hacker (developer of Lucky7Coin) manage to access Cryptsy and steal bitcoins? The hacker injected Trojan malware into Cryptsy, which helps hackers gain access to the confidential data, allowing the hacker to grab the cyber currencies i.e. bitcoins.
In total, 6 millions bitcoins were stolen by the hacker. As Cryptsy is trapped by the U.S. court’s investigations, the company must still pay money to its users. During the attack on Cryptsy, users were still depositing money into their wallet without any notification or warning from the Cryptsy.
Cryptsy called the FBI and requested that they look into their matter and catch or trace the stolen stuff, however, they failed to help Cryptsy. As a result, Cryptsy has announced that it will award 1,000 BTC to anyone who can trace the stolen stuff or catch the hacker.