Falsely Vilifying Cryptocurrency in the Name of Cybersecurity

I get frustrated by shortsighted perceptions, which are misleading and dangerous is far easier to vilify something people don’t fully understand.

Here is another article, titled Bitcoin is Aiding the Ransomware Industry, published by Coindesk, implying cryptocurrency is the cause of digital crime.

This is one of many such pieces littering the Internet. I am a cybersecurity expert and have spent over 30 years fighting theft, fraud, and misuse of computers. I find such articles to be shortsighted and lacking the strategic picture which must consider both the benefits and drawbacks of any technology.

Correlation is not causation.

One small negative aspect is not the whole picture and shouldn’t be used to undermine great innovation (such tactics also tried to stop the automobile, electricity, and the Internet).

Let’s not only focus on skewed statements but instead, think critically about how technology can be leveraged for the greater benefit.

If narrow viewpoints, like attributing Bitcoin is aiding ransomware, are considered, then it would be equally logical to contemplate the following absurdities:

• Email is aiding the Phishing Industry