Alumni

Eco & Public Policy - Bitcoin

Chicago Booth Alumni Club of Chicago

August 27, 2014: 12:00 PM - 1:15 PM

"Bitcoin with a capital "B" is a peer-to-peer network that allows for the proof and transfer of ownership without the need for a trusted third party.

Where

Kopecky Schumacher Bleakley Rosenburg PC
203 N. LaSalle St.
Suite 1620
Chicago, Illinois

Event Details

Please do the pre-reading below to prepare for our informal discussion group among peers. We hope that you will join us over lunch for a discussion with your peers. (Lunch is included in the price.)

"Bitcoin with a capital "B" is a peer-to-peer network that allows for the proof and transfer of ownership without the need for a trusted third party. The unit of that network is bitcoin with a little "b". But agreement on the topic seems to end there; indeed, there is a deep divide between true Bitcoin believers and serious skeptics." (Bit Coin, published by Jonathan Shieber, Goldman Sachs Bitcoin Report) We will discuss issues related to Bit Coin, its stability, and its sustainability. Please join us for this discussion group among peers. John Perry will be moderating this discussion.

PRE-READING (appx. 16 pages total):

Bit Coin, Goldman Sachs Bitcoin Report, Jonathan Shieber

READ the following sections: (A) All About Bitcoin (1 page); (B) Interview with Eric Posner (2 pages); (C) "Is Bitcoin a Currency? No.(1 page)"

http://www.scribd.com/doc/212058352/Bit-Coin

Why Isn't Bitcoin Interesting To Leading Economists? (1 page) Erik Madsen, economics PhD student Stanford GSB, Forbes 11/18/13

http://www.forbes.com/sites/quora/2013/11/18/why-isnt-bitcoin-interesting-to-leading-economists/

Bitcoin: New Money, (2 pages) The Economist 05/17/14

http://www.economist.com/blogs/freeexchange/2014/03/bitcoin

Bitcoin Under Pressure, (3 pages) The Economist 11/30/13 ("ALL currencies involve some measure of consensual hallucination...)

http://www.economist.com/news/technology-quarterly/21590766-virtual-currency-it-mathematically-elegant-increasingly-popular-and-highly

Fed Economist Explains Something About Bitcoin That Almost Nobody Understands, (1 page) Joe Weisenthal, Business Insider 04/07/14

http://www.businessinsider.com/what-is-bitcoin-mining-2014-4

Bitcoin's Swings Hurt Viability as Currency, Fed Economist Says, (1 page) Aki Ito, Bloomberg 05/31/14

http://www.bloomberg.com/news/2014-04-01/bitcoin-s-swings-hurt-viability-as-currency-fed-economist-says.html

Why Economists Are Right to Hate on Bitcoin, (1 page) Christopher Matthews, Time Economics 01/03/14 ("Krugman's title is tongue-in-cheek")

http://business.time.com/2014/01/03/bitcoin-paul-krugman-is-right-to-hate-them/

Marc Andreessen: In 20 years, we'll talk about Bitcoin like we talk about the Internet today, (3 page) Brian Fund, 05/21/14

http://www.washingtonpost.com/blogs/the-switch/wp/2014/05/21/marc-andreessen-in-20-years-well-talk-about-bitcoin-like-we-talk-about-the-internet-today/

Cost

Booth Club Member: $14.00

Chicago Booth Student: $14.00

Non-Member: $16.00

Registration

Register Online

Deadline: 8/26/2014

Questions

Elizabeth Bleakley 

312-636-6684

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