Banning Bitcoin Is Like Herding Cats

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In the world of media, “If it bleeds, it leads,” is still very much a fashionable trope. However, when it comes to Bitcoin, there’s a new trope in town: “If it misleads, it leads.”

In a recent article for The New Republic, Jacob Silverman, a highly talented writer, discusses the recent ransomware attack on JBS Foods. On Sunday, May 30, the world’s largest meat processor suffered a massive cyberattack, shutting down a number of its operations in the United States and Australia. The attackers demanded payment via cryptocurrency. The JBS attack occured shortly after Colonial Pipeline, one of the largest pipeline operators in the U.S., admitted to paying a ransom of about $4.4 million in bitcoin.

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