Join us for a two part discussion on Bitcoin by Andrew Sheppard. Andrew (“Shep”) is a consultant on Wall Street who works in the areas of Big Data and Big Compute. He is also a part-time professor teaching on the Masters in Financial Engineering (MFE) program at Baruch College.
Bitcoin is a new form of electronic cash growing in popularity. As a system it is a protocol, a P2P network, and a bunch of cryptographic algorithms. Oh, and add a new form of global currency to that list. In short, Bitcoin is a bundle of technology and economic concepts all rolled into one.
Bitcoin is also like the tooth fairy: most have heard about it, but few have actually encountered it for real. And even those who have actually encountered Bitcoin don’t really know what it is at a basic (read “fundamental”) level; in particular, too emphasis is placed on the technology and not enough on the economics of Bitcoin, though both are highly novel. This talk remedies that.