In my article We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here’s Why from last week, I made the argument that cryptomining (the transaction processing behind Bitcoin and other cryptocurrencies) is so fraught with criminal enterprise that any crypto transaction unethically supports such crime.
I pointed out in particular that illicit cryptomining, or ‘cryptojacking,’ where hackers install mining software on unsuspecting corporate networks, is set to explode, as organized crime becomes an increasingly pervasive force behind Bitcoin and other altcoins.
I further argued that permissionless blockchain was at the heart of the problem, concluding that Bitcoin and its brethren would have to forego this flawed technology if they had any hopes of surviving.
In response, I received hundreds of responses, many in agreement but an even greater number angrily opposed, particularly among the ‘crypto-anarchists’ at the heart of the Bitcoin/crypto movement.
To my dismay, every single counterargument was fallacious – and many were downright hateful.
Read the entire article at https://www.forbes.com/sites/jasonbloomberg/2018/03/17/anti-semitism-drives-irrational-response-to-cryptocurrency-warning/.
Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. Image credit: public domain.
