I’ve been following Bitcoin since mid 2010. It was particularly interesting to me at the time as my company was processing high-risk payments; high-risk payments which Bitcoin seemed to be ideally suited for. Since then I’ve mined and experimented with Bitcoin and a bunch of other cryptocurrencies like Litecoin and Dogecoin. A few weeks ago I published a document on securing virtual currency applications based on my experience in traditional payments and building applications. Late 2013 and early 2014 had been frustrating times to watch scammers and incompetence dominate the cryptocurrency landscape only to, predictably, fail a short time later. If cryptocurrencies are ever going to succeed they will have to do better, much better.
Read MoreVirtual Currency Application Security
In the last few months I’ve been approached by several different groups in the virtual currency space asking for my input on various things; mostly because of my involvement in payment systems over the last 15 years, but also because I’ve been involved with Bitcoin almost from its beginning. My advice has spanned technical, business, and even legal issues pertaining to virtual currencies; unfortunately, security hasn’t really been given the attention it needs.
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