For many people, their first introduction to Bitcoin comes in the way of an ominous message flashing across their computer screens warning them that their electronic files have all been encrypted.
They’re told they have a deadline to pay up or their precious data will be deleted forever. Family photos, wedding videos, bank records, all gone forever. The message is very real, and the only way to recover the locked files is for the victim to pay the hackers a ransom in bitcoin.
Computer World reported today that over a short time, cyber-thugs have collected millions in this brutal attack on PC liberty and freedom. It seems like every time we turn around lately, another horrible story about bitcoin meets the press. Exchanges collapsing, underground drug busts, blackmailing bandits, malicious hackers, they all come to mind for many with just the mention of the “Bitcoin” name.
Fortunately, there are alternatives to the original cryptocoin, and many experts believe the next phase of the bitcoin revolution will begin with these underappreciated darlings that have better reputations and clean consumer slates.
Coins like Dash (DASH), a new anonymous cryptocurrency, Dogecoin (DOGE), the original meme coin, and of course Goldcoin (GLD), a coin with a name that means “value” to millions of consumers worldwide. These three might seem like obvious choices but they’re only a tip of an enormous altcoin iceberg.
There are literally hundreds of new contestants battling it out to see who will be the first to knock bitcoin from its crypto throne. And for all of them, they enter the race with fresh faces, new clean slates, and a once-in-a-lifetime shot at reaching the top of the digital currency kingdom, and wiping the taint from the washed minds of the masses.
Who do you think will win the race to the altcoin finish line? Log in below using your favorite social network and share your views.