I think it's one stupid idea.
Basically you crypt your files and the only way to get it the decrypted is by sending a sum to an address from which those guys take a fee?
Correct me if I'm wrong but from their tiny instructions, this is all I could figure.
Besides, it's not ransomware, it's more like masochistware to me.
What if you need those files urgently and you have no BTC left?
There are hundreds of ways to secure your files by encryption for free, why would you pay for this?
Basically you crypt your files and the only way to get it the decrypted is by sending a sum to an address from which those guys take a fee?
Correct me if I'm wrong but from their tiny instructions, this is all I could figure.
Besides, it's not ransomware, it's more like masochistware to me.
What if you need those files urgently and you have no BTC left?
There are hundreds of ways to secure your files by encryption for free, why would you pay for this?
Yeah, it's so damn dumb. Why would you involve anything that has to do with payments to unlock your own data, let alone anything online? your encrypted stuff shouldn't need an internet connection, you just need a strong password.
And even then, you have enough problems already trying to remember your password. I did some tests with truecrypt, used some strong ass encryption, and then I realized that I entered the password wrongly in a couple of hard drives. I have no idea how to access these drives anymore, it's basically impossible, they are useless unless I can be bothered with formatting them and I don't really need that space.
Anyway bottomline is: just have a strong password but be sure you remember it. You don't need payments or anything fancy.