The Good, the Bad and the Ugly: Bitcoin and Cryptocurrencies

F5 Labs' David Holmes writes for LinkedIn, discussing whether cryptocurrencies are a scam or a revolution.
December 01, 2017
1 min. read

Back in September, I had the honor of moderating a panel session in Hong Kong under the theme of “Is Cybersecurity the Hidden Achilles of Hong Kong’s Digital Economy?”.

At that time, China, the world’s leading bitcoin exchange market accounting for 90% of trading worldwide, yet had announced shutting down bitcoin and cryptocurrency exchanges, calling them a “unapproved illegal public financing behavior”.

Mr. Guy gave a clear-cut answer that rings true. He said he is optimistic about blockchain as it uses smart algorithms and cryptography technology that are set to modernize certain business’ operation models, such as identity management or food-chain traceability. However, as for Bitcoin, he amusingly suggested: “It’s either a scam or a revolution that will bring upheavals beyond the financial world”.

Read the full article published December 1, 2017 here: on LinkedIn.

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Authors & Contributors
David Holmes (Author)
Sr. Threat Research Evangelist

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