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Anti-Semitism Drives Irrational Response To Cryptocurrency Warning

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.

Would Al Capone have been a cryptojacker? You can bet your last bottle of Canadian whiskey.

Would Al Capone have been a cryptojacker? You can bet your last bottle of Canadian whiskey.

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.

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More Stories By Jason Bloomberg

Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise technology and digital transformation. He is ranked #5 on Onalytica’s list of top Digital Transformation influencers for 2018 and #15 on Jax’s list of top DevOps influencers for 2017, the only person to appear on both lists.

As founder and president of Agile Digital Transformation analyst firm Intellyx, he advises, writes, and speaks on a diverse set of topics, including digital transformation, artificial intelligence, cloud computing, devops, big data/analytics, cybersecurity, blockchain/bitcoin/cryptocurrency, no-code/low-code platforms and tools, organizational transformation, internet of things, enterprise architecture, SD-WAN/SDX, mainframes, hybrid IT, and legacy transformation, among other topics.

Mr. Bloomberg’s articles in Forbes are often viewed by more than 100,000 readers. During his career, he has published over 1,200 articles (over 200 for Forbes alone), spoken at over 400 conferences and webinars, and he has been quoted in the press and blogosphere over 2,000 times.

Mr. Bloomberg is the author or coauthor of four books: The Agile Architecture Revolution (Wiley, 2013), Service Orient or Be Doomed! How Service Orientation Will Change Your Business (Wiley, 2006), XML and Web Services Unleashed (SAMS Publishing, 2002), and Web Page Scripting Techniques (Hayden Books, 1996). His next book, Agile Digital Transformation, is due within the next year.

At SOA-focused industry analyst firm ZapThink from 2001 to 2013, Mr. Bloomberg created and delivered the Licensed ZapThink Architect (LZA) Service-Oriented Architecture (SOA) course and associated credential, certifying over 1,700 professionals worldwide. He is one of the original Managing Partners of ZapThink LLC, which was acquired by Dovel Technologies in 2011.

Prior to ZapThink, Mr. Bloomberg built a diverse background in eBusiness technology management and industry analysis, including serving as a senior analyst in IDC’s eBusiness Advisory group, as well as holding eBusiness management positions at USWeb/CKS (later marchFIRST) and WaveBend Solutions (now Hitachi Consulting), and several software and web development positions.

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