Silicon Valley Programmer Mugged of 10 Bitcoins
Yesterday in Palo Alto, California, John Schultz was mugged for 10 Bitcoins, a volatile new digital currency based on complicated calculations.
“It was terrifying”, John exclaimed, “he handed me a pen and waited patiently for 45 minutes while I wrote down the encrypted text required to retrieve the money”.
The stolen Bitcoins were valued at $415 at the time of the mugging, but fluctuated between $600 and $3 during the time John was walking home.
Citizens have been...