full screen background image
Sunday 22 October 2017
  • :
  • :

Michael Perklin President Bitcoinsultants

Jay Addison Technical and Media Advisor for CryptoBiz Magazine interviews Michael Perklin, President of Bitcoinsultants. Michael is a cyber-security expert and founder of the world’s first Bitcoin consulting firm that specializes in security: Bitcoinsultants. Michael has a Master’s degree in Information Assurance, a Bachelor’s degree in Information Systems Security, holds CISSP and CISA certifications as well as certifications in digital forensics. Michael has conducted security audits of Bitcoin exchanges, Bitcoin software, and has implemented highly-secure key management solutions for companies who require more security than simple cold wallets could provide. Michael has been invited to speak about cyber security, digital forensics, and bitcoin security at conferences internationally and continues to enjoy thinking of new ways to break things so that they can be rebuilt more securely. (Trent Nellis, left, Michael Perklin, right)
Produced by Trent E. Nellis Chief Operations Advisor CryptoBiz Magazine.
To subscribe go to www.cryptobizmag.com

Jay: This is Jay Addison from CryptoBiz Magazine. We are here live at Inside Bitcoin’s in Las Vegas, with Michael Perklin. Michael’s with bitcoinsultants and C4. Michael, how are you doing today?
Michael: I’m doing great, how are you?
Jay: I’m doing great, thank you very much. What large security projects has your company been a part of?
Michael: Great question. So my company bitcoinsultants, has provided security services to a variety of exchanges in Canada. Probably the largest project that we’ve been involved with is with Ethereum. Ethereum had to raise about 30 thousand Bitcoins for their crowd sale. So when Ethereum approached us to design a highly secure Bitcoin vault, we knew that there had to be some serious security and I’m happy to say that the vault that we’ve implemented for Ethereum, so far not a single satoshi has gone missing.
Jay: Will Bitcoin ever be in a place where your average non tech person can safely secure their coins?
Michael: I think so, yes. Now, right now it’s true that Bitcoin is a little bit difficult to use, but everyday it’s getting easier to use. And I always compare Bitcoin to email. When email first came out, the only real way to use email was on a command line, with the pine email client. But nowadays, we have grandmas using iPads to send emails and photos to their grandchildren.
Jay: So much easier.
Michael: I see Bitcoin being much the same way. Yes, it’s a little bit difficult to use today, but tomorrow, or maybe another tomorrow. There will be extremely easy to use solutions that put in the hands of grandmas everywhere. So, what steps do you think the average user should take to secure their coins?
I think one of the most important things to do when you’re securing your own coins is to separate the coins into two stacks. One, that is your offline storage, your cold storage, and one that is your online storage. This is the gist of how, a majority of your money maybe in your bank account. But, at any given time in your wallet – you may only have a few bucks that you need for coffee or whatvever. There’s a similar approach to be and apply to Bitcoin. And the majority of your coins should be stored offline, using one of the many different cold storage technologies away today.
Jay: That sounds great.
Michael: Is your current certification available worldwide? C4 certifications are definitely available worldwide. The CDP certification, the certified Bitcoin professional certification. Has been delivered to countries like the Netherlands, Russia, Australia nad even Japan. We’re definitely shipping them everywhere.
Jay: Fantastic, how do you ensure that the people who signed up for the test are actually the one’ taking it.
Michael: That’s a very different challenge. Now, because the test is available online, and it’s a time restricted test, where you only have 20 minutes to answer 75 questions. You’re right – there is no easy way to determine which human is behind the keyboard at the time. However, what we do is, like all certifications – when you apply for certification, you have to upload a CV, a Curriculum Vitale or a resume. So, we do a little bit of research, just to make sure that you are a real person and you’re not trying to – I guess, to certify – a non-human. But unfortunately there is no way that anybody can prove which human is behind any keyboard at any given time.
Jay: How many certifications have been issued and what’s the pass and fail rate for people taking the test?
Michael: I believe I said yesterday, there were about 75 certified Bitcoin professionals. And the CDX tests – Certified Bitcoin Expert test, is still being developed. So there are currently no CDX’s at the moment. The pass/fail rate I know is very high on the pass side. I don’t know off the top of my head how many people have failed, but the vast majority who have taken the test have passed. The pass rate is – you need to score 70% or higher on the exam, and because you only have 20 minutes, you have no time in between the 75 questions that you’re answering, to google anything or to phone a friend.
Jay: So you obviously know it or you don’t and that’s really what it’s testing.
Michael: Okay, so how long until your next level of certification’s available? And what future certifications do you have planned? The certified Bitcoin expert exam should be ready by this winter. We’re working quite diligently with a lot of experts in the field to make sure that the questions that we put to candidates truly do measure expert level knowledge in Bitcoin. After the CDX exam is ready in the winter, we’re going to be concentrating on exams for just additional Crypto Currencies. Such a certified Ethereum contract developer. And some other ones as well. Because these types of Crypto Currencies are different from the other ones. And they have their own set of scales, and we’re happy to be working with Ethereum staff to make sure the exam that we put forward for, for Ethereum contract developers. Will accurately cover all the knowledge that a contractor developer needs to know to write the distributed applications.
Jay: That’s really exciting. So here’s the mystery question, January 1st, 2015 – what do you think the price of Bitcoin’s gonna be. I know this a horrible question to ask everybody.
Michael: No, I think it’s a great question. I work at a co-working space up in Toronto called Deccentral and we actually made a pool for that exact question. On January 1st at midnight eastern time, what will be price be? We/’ve even narrowed it down to the – on which exchange are we gonna measure out that moment, and is it – the average of the day or whatever it is. I’m one of the more optimistic guests on my team and I’ve guessed it’s gonna be $2000.
Jay: Wow.
Michael: We’ll see if I’m right or wrong. If the trend of today continues–
Jay: Yeah.
Michael: But you know what, there’s not a lot of money on the line, on the bet. It’s more of a friendly bat for bragging rights.
Jay: Michael, how do people get a hold of you if they want to hire bitcoinsultants? Or get C4 certification.
Michael: You know it’s fun, bitconsulting – you can go to the website – bitconsultants.ca. And if you’re interested in writing one of the certified Bitcoin professional examinations. You can go to cryptoconsortiam.org. Also you can find us on Twitter. My handle is @mperklin.
Jay: Fantastic, thank you very much Michael from bitcoinsultants, and C4.
Michael: Thank you.
This is Jay Addison from CryptoBiz Magazine, live from Meckler Media’s Inside Bitcoins Conference in Las Vegas. Remember to subscribe to CryptoBiz Magazine at CryptoBizMag.com. Follow us on Twitter @cryptobizmag. Thanks for joining us, and learn more at CryptoBizMagazine.com.

Produced by Trent E. Nellis Chief Operations Advisor CryptoBiz Magazine.
To subscribe go to www.cryptobizmag.com