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Mitt Romney's tax returns being held hostage for $1 million in...Bitcoin?!

zcopley/Flickr (cc by-nc-nd)

A Bitcoin card. If it's true that Mitt Romney's tax returns were hacked, will he be able to find $1 million in Bitcoin to pay the ransom?

UPDATE: Bitcoin prices have risen on this news. So far, I haven't seen anyone persuasively argue that this is why the rumors and allegations about Romney's tax returns — and the $1M ransom, payable in BTC — have been put out there.

 

Apparently, this is legitimate enough to invite the attention of the Secret Service. Various sources — I saw it on VentureBeat — are reporting that PricewaterhouseCoopers, the big accounting firm, might have been hacked and that cyberthieves have made off with Mitt and Ann Romney's tax returns.

None of this is substantiated, but here's the zany part: the hackers are asking for a $1-million ransom, to not release Romney's tax returns, a source of campaign controversy, to the media.

The ransom must be paid in Bitcoin, the cybercurrency with a checkered past but a devoted following amond the tech-libertarian set. 

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How I became a Bitcoin trader

Mercer 21196

Mark Scott

Readers of DeBord Report will know that I've become embroiled in a controversy/experiment involving Bitcoin, the cyber- or crypto-currency that's captured the hearts and minds of some passionate supporters in the technology world. In response to some commenters on the posts I've written so far, I decided to buy and trade some Bitcoin, just to see how it would go.

I suppose I could call this "Bitcoin Challenge" to parallel the "Bike Challenge" I'm also currently engaged in. 

There are some superficial similarities. I haven't ridden a bike anywhere in more than a decade. I've also never traded currencies — or much of anything else.

However, my sideline career trading BTC is off to a decent start. I don't know why, but the price of Bitcoin has been headed up of late. Because this is just an experiment and not an attempt to make real money, a few weeks back I purchased $10 of Bitcoin. I bought BTC at $3.90 and, a few minutes ago, sold it at $5.40. 

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