Clear-cut approach, impeccable job, interesting idea!
I also like the plan, when i first heard about it. Imagine that you are a miner, and that you will help catch hackers plus you will get also HNY tokens. You will definitely get a good feeling from it.
Cleansing hackers from the internet is a tough job, but Bitfence will surely help with that. I often hear people who are hacked. I feel for them. I also want to help them.
I believe bitfence will do a great job but given the size of the internet I don't think they can cleanse the internet within a short period it gonna be a gradual process that will eventually lead to a more mature process but right now I believe they can reduce the number of hacks at least to a certain degree.
I actually really believed if they go into partnership with other security outfits even already established outfits it will go a very long way to establish Bitfence in the world of security