Date Posted: 8/17/2016

"Digital currency Bitcoin is variously promoted as an alternative to gold, a good way to make international transfers, or the future of e-commerce", writes MIT Technology Review, but "[n]ew research suggests that companies are now stockpiling Bitcoin for a different reason: so they can pay up quickly if their data is held ransom by malicious software." As evidence, the article cites Gun Sirer's announcement on Twitter that Cornell has created a coinbase account to be ready for such an event; Brave New Coin also reported on the tweet.

Technology Review article:

 Brave New Coin article:

The tweet: