Presented By: School of Information
Does Cryptocurrency Have a Future?
Presented by Nathaniel Borenstein
Register to attend at: http://umsi.info/elo-register
It’s increasingly hard to find anyone to seriously defend the current state of cryptocurrencies. The predominant use of cryptocurrencies is speculation, which is almost certain to result in a bubble and crash. The second most common use is for fraud and crime of one kind or another. The largest currencies, notably BitCoin, are now among the most egregious contributors to climate change.
In this informal talk and discussion, Nathaniel Borenstein will explain how the very concept of cryptocurrency has been hijacked by people and groups with personal or political agendas. In particular, he will try to separate the current generation of cryptocurrencies and their problems from the wider range of digital currencies that have existed in the past and are likely to exist in the future, and will discuss how, if they were better designed and regulated, cryptocurrencies might yet play a valuable role in the economy.
Nathaniel hopes for a lively discussion rather than just a lecture. While he will not hide his beliefs, he will try to be aware of and transparent about his own biases, and welcomes a constructive discussion with anyone holding opposing views.
Nathaniel Borenstein has been an Internet innovator since 1980. In 1994, he founded the first online payment system, First Virtual Holdings, and in 2000, he founded the first network-based point-of-sale system, NetPOS. He has followed developments in online payments since the 1980's, and he sees Bitcoin as a genuine threat to human civilization.
Register to attend at: http://umsi.info/elo-register
It’s increasingly hard to find anyone to seriously defend the current state of cryptocurrencies. The predominant use of cryptocurrencies is speculation, which is almost certain to result in a bubble and crash. The second most common use is for fraud and crime of one kind or another. The largest currencies, notably BitCoin, are now among the most egregious contributors to climate change.
In this informal talk and discussion, Nathaniel Borenstein will explain how the very concept of cryptocurrency has been hijacked by people and groups with personal or political agendas. In particular, he will try to separate the current generation of cryptocurrencies and their problems from the wider range of digital currencies that have existed in the past and are likely to exist in the future, and will discuss how, if they were better designed and regulated, cryptocurrencies might yet play a valuable role in the economy.
Nathaniel hopes for a lively discussion rather than just a lecture. While he will not hide his beliefs, he will try to be aware of and transparent about his own biases, and welcomes a constructive discussion with anyone holding opposing views.
Nathaniel Borenstein has been an Internet innovator since 1980. In 1994, he founded the first online payment system, First Virtual Holdings, and in 2000, he founded the first network-based point-of-sale system, NetPOS. He has followed developments in online payments since the 1980's, and he sees Bitcoin as a genuine threat to human civilization.
Register to attend at: http://umsi.info/elo-register
Livestream Information
ZoomMarch 25, 2022 (Friday) 12:00pm
Meeting ID: 8183107205
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