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Hardboiled Bitcoin

By The Coinist

We start with the following quote from Jason Bloomberg over at Forbes: “If we could flip a switch and eliminate all illegal uses of Bitcoin, there would be nothing left of the cybercurrency.”

Well, well, well.

Mr. Bloomberg titled his article Bitcoin: ‘Blood Diamonds’ Of The Digital Era, in what is presumably a reference either to the hit Hollywood film or the conflict diamonds that were mined in places like Sierra Leone in the 1990s to exchange for weapons fueling endless civil strife and bloodshed. The comparison, it would seem, is a little harsh.

Though Bitcoin has matured over the past eight or so years, its reputation as a currency for hackers and would-be contract killers looms like a dark shadow portending rain. This is not without reason. Much of Bitcoin’s early notoriety blossomed from its use as the preferred payment method on a now defunct website called Silk Road. Silk Road, run on TOR (The Onion Router), boasted a market place for all sorts of… interesting goods: weed, meth, heroin, prescription opioids, cocaine, etc. Eventually, Silk Road expanded to include weapons. These items could be bought and shipped to a doorstep in Anytown, America. The payment system greasing the transactions? A “crypto-currency” from the mind of the mysterious (and possibly amalgamated) Satoshi Nakamoto. Bitcoin had arrived in the public consciousness, and not for the best of reasons.

Read the entire article at https://www.thecoinist.com/newsletters/hardboiled-bitcoin

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More Stories By Jason Bloomberg

Jason Bloomberg is the leading expert on architecting agility for the enterprise. As president of Intellyx, Mr. Bloomberg brings his years of thought leadership in the areas of Cloud Computing, Enterprise Architecture, and Service-Oriented Architecture to a global clientele of business executives, architects, software vendors, and Cloud service providers looking to achieve technology-enabled business agility across their organizations and for their customers. His latest book, The Agile Architecture Revolution (John Wiley & Sons, 2013), sets the stage for Mr. Bloomberg’s groundbreaking Agile Architecture vision.

Mr. Bloomberg is perhaps best known for his twelve years at ZapThink, where he created and delivered the Licensed ZapThink Architect (LZA) SOA course and associated credential, certifying over 1,700 professionals worldwide. He is one of the original Managing Partners of ZapThink LLC, the leading SOA advisory and analysis firm, which was acquired by Dovel Technologies in 2011. He now runs the successor to the LZA program, the Bloomberg Agile Architecture Course, around the world.

Mr. Bloomberg is a frequent conference speaker and prolific writer. He has published over 500 articles, spoken at over 300 conferences, Webinars, and other events, and has been quoted in the press over 1,400 times as the leading expert on agile approaches to architecture in the enterprise.

Mr. Bloomberg’s previous book, Service Orient or Be Doomed! How Service Orientation Will Change Your Business (John Wiley & Sons, 2006, coauthored with Ron Schmelzer), is recognized as the leading business book on Service Orientation. He also co-authored the books XML and Web Services Unleashed (SAMS Publishing, 2002), and Web Page Scripting Techniques (Hayden Books, 1996).

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).

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