June 11, 2018
Will the prophecy come true?
Yes, gooks having poor security skills (see: Samsung, super-gonorrhea) does mean that your bitcoin price drops.
It’s like a sort of nonsense thing. Where people think “OMG maybe mine isn’t safe either!!!!111”
It’s a good time to buy.
A cyberheist at a little-known virtual currency exchange helped wipe billions of dollars off the value of bitcoin and other digital currencies.
The price of bitcoin slumped more than 7% after South Korea’s Coinrail announced that it had been targeted by cyberthieves. In a statement Monday, the exchange said that it had a suffered a security breach in which hackers stole about 30% of its virtual currencies.
Coinrail said it had temporarily suspended trading in digital currencies and was fully cooperating with investigators to try to track down the missing funds. The exchange did not disclose the value of tokens stolen. The theft was of less well-known cryptocurrencies rather than bitcoin itself.
South Korea has emerged as a hotbed for trading in virtual currencies over the last year. Coinrail is one of its less-well-known trading platforms.
Still, the news sent shock waves through virtual currency markets. As well as bitcoin, prices for other commonly traded digital currencies like ethereum also plunged. Nearly $30 billion in cryptocurrency wealth was wiped in about seven hours of trading, according to data provider Coinmarketcap.com.
Bitcoin was trading at around $6,750 in early afternoon trading in Asia. That’s near its lowest level in about two months and around half the price at which it started the year.
I think the actual value of Bitcoin is probably $8,500-9,500.
It’s a good time to do Bitcoin, if you want to buy some. I don’t think it can go much lower, and it is getting ready for a big buy-up that is going to raise it up.
THIS IS NOT FINANCIAL ADVICE, I AM NOT A FINANCIAL ADVISER, DO NOT SPEND ANY MONEY THAT IS IMPORTANT ON THIS
But if you just want to donate, yeah, now is a great time to do that. Because I am VERY comfortable holding it at this price.
Old Fashioned Bank Robbery
Kinda cool to think of this as a cyberpunk bank robbery.
I like cyberpunk shit, generally.
So I sometimes kinda try to fit reality into that paradigm, and it makes it more exciting and less depressing.
We will never live in LotR.
We will never live on Dune.
But we are pretty close to living in Neuromancer.
Johnny Mnemonic had vaping in it, btw.
Vaping is cyberpunk af.
So is dumping Discord for IRC.