Russians Found One Use for Bitcoin: Hacking the 2016 US Election

Your analysis of the candidates and the issues may have been partially influenced by fake news spread online by Russian hackers. To facilitate all this, the hackers used many modern tools, including Bitcoins, to fund their operation. The hackers allegedly used the funds to purchase the domains, servers, and accounts involved in obtaining and disseminating the stolen materials.

You can read more about this news in an article by Gregory Barber in Wired at https://www.wired.com/story/russian-hackers-bitcoin/.

Comment: Please don’t make the mistake of thinking that Bitcoin is an evil invention. Some politicians are already spreading that bit of “fake news” misinformation in many places.

Many modern inventions, including the telephone, the automobile, social networks, credit cards, and much more can be used for legal and illegal purposes alike. Yet I don’t hear anyone suggesting that we abandon automobiles to go back to the horse and buggy days nor does anyone advocate banning the use of credit cards. Any suggestion of banning any modern invention reminds me about an old parable concerning babies and bathwater.

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