Post
Topic
Board Bitcoin Discussion
Re: Mike Hearn, Foundation's Law & Policy Chair, is pushing blacklists right now
by
Luckybit
on 15/11/2013, 02:46:10 UTC
I don't think -anybody- at the Foundation is happy about even having to have this discussion. But the discussion has to happen, because Cryptolocker is a real issue that's going to become a lot bigger soon. There are very few vectors of attack against Cryptolocker (and inevitable copycats), whereas stuff like Silk Road is almost guaranteed to fail long-term due to the huge number of vectors for law enforcement to use against it. Unfortunately, one of those very few vectors usable against Cryptolocker is bitcoin.
Cryptolocker is not Bitcoin's issue any more than it's Ford's issue if a bank robber drives off in one of models.

If somebody should be thrown under the bus here it should be Microsoft for being unable or unwilling to build secure operating systems.

Anyone who says they are worried about Cryptolocker's effect on Bitcoin adoption is lying. By every objective measure: transaction rate, blockchain.info wallets, frequency of conferences, exchange rate, etc, growth is exponential and shows not the slightest sign of being negatively affected by Cryptolocker.

This idea of a Cryptolocker backlash is a fake problem used to scare the community into accepting a compromise that's against their best interests. These plans have been in the works for years, as evidenced on this very forum, and the proponents have just been waiting for a suitable excuse the put their plans into effect.

It's not a fake problem at all. If in 6 months magically Bitcoins are $100,000 each then the incentive to target users is now much much higher. Malware will be written by the best of the best and you wont be able to detect it with any sort of virus scanner software or countermeasure. Nothing can be done to stop undetectable malware attacks, randomware attacks, or anything else. The best idea we have from the community is the Trezor wallet and they are taking too long to make it.

It will be interesting to see how secure the Trezor actually is and whether or not it can pass the security checks but if it does then that is part of it. The point is that not enough time and effort is being put into protecting the users of Bitcoin from being targets of hackers precisely because a lot of the old time Bitcoin users are security experts who can tell newbies to compile their Bitcoin wallet, to put their Bitcoins in cold storage, to use a 25 character password or a brain wallet. Let's be honest here and admit that security is not easy even for the experts. The more you know about security the more paranoid you tend to be.

So when people say I'm being paranoid it might be because I know a lot about this subject and have reason to be.