Big Bitcoin heist, hype entering the criminal scene... 'The Powers of Nothing...'
Iceland, December 8, 2017
Great computer heist on Iceland where criminals stole nearly 600 computers from data centers, that where mining bitcoins. Mining bitcoins demands not sole a 'heavy duty' computer, that subsequently is demanding quite some energy. The amount of energy can be so severe that mining in some countries, can become less and less lucrative. In Iceland however, there is an never ending supply of free electricity hence quite cheap, making mining bitcoins over there most lucrative.
Joint effort criminality smart the heist can't be called. Since a heist of this magnitude is demanding a 'movie like' scenario and execution, it mus have been a joint effort and preparation. The computers on itself are valued approximate € 2 million but if they continue to operate as designed, the value will multiply many times over. At the moment of this article one bitcoin values €9,303.50. It still isn't clear how many bitcoins the joined stolen computers are resembling.
On and off...
On and off articles are published of people throwing computers or hard disks in the dustbin forgetting the codes for bitcoins still are on the IT equipment with all kind of sorry and loss consequences. At the same time there are huge similarities with the older 'wind like trades' as we have seen in history like all kinds of worthless stock sells in mines, railroads, all kinds of commodities and today the latest commodity is called Bitcoin.
Many have jumped in the slipstream of the hype Bitcoin by trading all kinds of Bitcoin trade products like socks and options and even very respectful names, trades houses, investment companies and banks even world wide are joining the hype. It's like a contagious bush fire fever spreading like wild fire where basically put, and that is a universal principle, that if one wasn't there the start and early days, one simply is to late. Joining the hype now simply put is that the majority will lose investment since there is no active or tangible collateral or value covering the digital bitcoin.
Basically put ...
Basically put crypto currency is empty digital air although those having grave financial interest in the matter will do and say anything t