Is Bitcoin here to stay, or is it a bubble waiting to pop? Less than a decade old, Bitcoin is worth billions. The cryptocurrency promises to revolutionize global finance by placing control of currency in the hands of users, not nations, and make financial exchanges more transparent, efficient, and democratic. And it seems to be taking hold: Earlier this year both the Cboe and CME debuted Bitcoin futures.
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But is Bitcoin really a safe bet? Proponents say the hype around the cryptocurrency is warranted, and previous critics – including executives at JPMorgan and Goldman Sachs – are increasingly jumping on the Bitcoin (block)train.
On the other hand, skeptics suggest this highly volatile digital currency offers a platform for illicit activity, including money laundering and trafficking of humans and drugs, free from government oversight and regulation. And, they argue, Bitcoin has no intrinsic value – the price is based on market enthusiasm rather than actual utility.
This debate is presented in partnership with the Adam Smith Society. The Adam Smith Society — a project of the Manhattan Institute — is an expansive, chapter-based network of MBA students, professionals, and business leaders who work to foster debate about the moral, social, and economic benefits of capitalism.
For the Motion:
Patrick Byrne, Founder, Overstock.com & CEO, tZero
Tim Draper, Venture Capitalist & Founder, Draper Associates & DFJ
Against the Motion:
Eric Posner, Law Professor, University of Chicago
Gillian Tett, U.S. Managing Editor, Financial Times
https://www.technologyreview.com/s/610966/former-regulator-under-obama-says-more-than-1000-icos-are-...
This video is now showing on Blockchaintelevision.info BCtv . Switch it on! In your browser for continuous 24/7 viewing of only the best quality videos covering Blockchain and Cryptocurrency Markets. Powered by Blockchain Company BC.
But is Bitcoin really a safe bet? Proponents say the hype around the cryptocurrency is warranted, and previous critics – including executives at JPMorgan and Goldman Sachs – are increasingly jumping on the Bitcoin (block)train.
On the other hand, skeptics suggest this highly volatile digital currency offers a platform for illicit activity, including money laundering and trafficking of humans and drugs, free from government oversight and regulation. And, they argue, Bitcoin has no intrinsic value – the price is based on market enthusiasm rather than actual utility.
This debate is presented in partnership with the Adam Smith Society. The Adam Smith Society — a project of the Manhattan Institute — is an expansive, chapter-based network of MBA students, professionals, and business leaders who work to foster debate about the moral, social, and economic benefits of capitalism.
For the Motion:
Patrick Byrne, Founder, Overstock.com & CEO, tZero
Tim Draper, Venture Capitalist & Founder, Draper Associates & DFJ
Against the Motion:
Eric Posner, Law Professor, University of Chicago
Gillian Tett, U.S. Managing Editor, Financial Times
https://www.technologyreview.com/s/610966/former-regulator-under-obama-says-more-than-1000-icos-are-...
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Admin Blockchain Company This video is now showing on Blockchaintelevision.info BCtv . Switch it on! In your browser for continuous 24/7 viewing of only the best quality videos covering Blockchain and Cryptocurrency Markets. Powered by Blockchain Company BC. -
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Francisco Gimeno - BC Analyst Intelligence Squared Debates are famous for its depth and intensity. In this case, in partnership with the Adam Smith Institute, an awesome debate with Patrick Byme and Tim Draper against Eric Posner and Gillian Tett on Bitcoin, its present and future. I really loved to witness this exchange. Watch it, let us know your opinion.