jjacob
Legendary
Offline
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 05:53:40 AM |
|
Thanks! Will go through it. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
CliveK
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 69
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 06:48:40 AM |
|
Thanks! I can see a few places where the instructor could sway the class toward his opinion.
The instructor could lean toward, "radical nut job government subversives" or toward, "patriots disillusioned with societal flaws looking for a working solution".
The professor is going to slam Bitcoin.
And perhaps the two professors will just lecture on what they see based on fact. And perhaps they will say the people who use it range from "radical nut job government subversives" and people who perceive themselves as "patriots disillusioned with societal flaws looking for a working solution" to just normal everyday people who think its a good idea. The one lecturer is a law professor so we can assume he knows the law. The other lecturer is an economics professor so we can assume he understands a bit about economics. Based on the general reaction from the forum here to his paper and interviews, you can safely say that Prof Yermak will "slam" Bitcoin as a currency. And by "slam" I mean that as a business I sell something that costs me $500 to make for 1 bitcoin and by the time I convert to USD that bitcoin is worth $470 and not the $640 I thought it did when I accepted the coin. I need to run a business, pay salaries, rent and suppliers, and am I in a position to be able to deal with the volatility of bitcoin? Can I afford to hold the coin until the price increases? Will the price increase? What can I use this coin for? Can I pay my suppliers with it? If you don't educate people, they will become victims to the volatility, and negative sentiment will follow. If you don't educate people, they will become victims to the legal ramifications of bitcoin and negative sentiment will follow. The "know your customer" law has been around longer than Bitcoin has as far as I am aware (2001), but for some reason it doesn't and shouldn't apply to Bitcoin, hence the Good Luck Charlie thread.
|
|
|
|
FortuneJack
Legendary
Offline
Activity: 2375
Merit: 1207
www.fortunejack.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 07:49:29 AM |
|
great news. I think Stanford should be next
|
|
|
|
NotAtOld
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 200
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 09:24:48 AM |
|
“The course is not so much about teaching a knowledge of bitcoin, but it’s to show how some of the issues about property, finance and contracts are going to change very quickly in the next century. The technology is forcing people to reexamine long-held assumptions.”
That's the most insightful public statement about Bitcoin I've ever seen from an academic.
|
|
|
|
PalmerLaura
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 116
Merit: 10
IPSX: Distributed Network Layer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 10:23:02 AM |
|
“The course is not so much about teaching a knowledge of bitcoin, but it’s to show how some of the issues about property, finance and contracts are going to change very quickly in the next century. The technology is forcing people to reexamine long-held assumptions.”
That's the most insightful public statement about Bitcoin I've ever seen from an academic.
Not surprising, considering that David Yermack has never owned a bitcoin or completed a single bitcoin transaction.
|
|
|
|
QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 01:01:21 PM |
|
Thanks! I can see a few places where the instructor could sway the class toward his opinion.
The instructor could lean toward, "radical nut job government subversives" or toward, "patriots disillusioned with societal flaws looking for a working solution".
The professor is going to slam Bitcoin.
And perhaps the two professors will just lecture on what they see based on fact. And perhaps they will say the people who use it range from "radical nut job government subversives" and people who perceive themselves as "patriots disillusioned with societal flaws looking for a working solution" to just normal everyday people who think its a good idea. The one lecturer is a law professor so we can assume he knows the law. The other lecturer is an economics professor so we can assume he understands a bit about economics. Based on the general reaction from the forum here to his paper and interviews, you can safely say that Prof Yermak will "slam" Bitcoin as a currency. And by "slam" I mean that as a business I sell something that costs me $500 to make for 1 bitcoin and by the time I convert to USD that bitcoin is worth $470 and not the $640 I thought it did when I accepted the coin. I need to run a business, pay salaries, rent and suppliers, and am I in a position to be able to deal with the volatility of bitcoin? Can I afford to hold the coin until the price increases? Will the price increase? What can I use this coin for? Can I pay my suppliers with it? If you don't educate people, they will become victims to the volatility, and negative sentiment will follow. If you don't educate people, they will become victims to the legal ramifications of bitcoin and negative sentiment will follow. The "know your customer" law has been around longer than Bitcoin has as far as I am aware (2001), but for some reason it doesn't and shouldn't apply to Bitcoin, hence the Good Luck Charlie thread. This TV show clip is the way I think college students are molded to parrot what their old geriatric dinosaur professors believe. Listen to the answer the speaker gives to the question the college kid asks. The speaker gives an honest answer and the college kid is just droning out the party line. The show is using real statistics. No country incarcerates a higher percentage of its population than the United States. The US tops every other nation in the world. https://m.youtube.com/watch?v=rinf3nmtnAoIt doesn't matter how long a law (like KYC) has been around if it's a stupid law or meant to oppress people that challenge big business or big government. The support for the ideals surrounding Bitcoin must be pretty large or the Bitcoin economy would not have grown to be its current size this fast. I was talking about Burning Man with a friend the other day about how you can pretty much get away with any illegal thing you want to there short of murder. Drugs of all kinds are used openly. The govt could shut it down. It's almost like they give people one week a year that they can do what they want to make them feel free. Others that watch or read about it and can't go live vicariously through the attendees. But don't go back to the city and do that same stuff or they'll lock you up and throw away the key. Unfortunately, universities have become little factories that crank out drones willing to support the current system. Maybe that was caused by the reliance on money received from government and big business. Or maybe it's because the instructors are still living in the last generation when this was the greatest nation in the world.
|
|
|
|
polunna
Newbie
Offline
Activity: 57
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 01:20:30 PM |
|
College has to be where Bitcoin really starts to take off.
|
|
|
|
lovegood
Newbie
Offline
Activity: 56
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 01:35:01 PM |
|
Stanford had a cryptocurrency course last year, don't forget! (I believe stanford was the first)
|
|
|
|
bambino
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 111
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 01:56:23 PM |
|
"The 21st century is when everything changes." - Captain Jack Harkness
|
|
|
|
master-P
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 02:07:19 PM |
|
I think it is interesting there are no prerequisites to this course. I would think that somewhat of an understanding of economics would be necessary for most students to grasp the material being taught. Also the first two classes that are for the law students only (that law students must attend) would likely have been taught in an macroeconomics course.
|
|
|
|
CliveK
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 69
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 05:10:43 PM |
|
Unfortunately, universities have become little factories that crank out drones willing to support the current system. Maybe that was caused by the reliance on money received from government and big business. Or maybe it's because the instructors are still living in the last generation when this was the greatest nation in the world.
Will have to take your word for it, I am not an American, don't live in America and my world view has not been shaped by your same experiences. As someone who is getting their MSc at a university outside America, significantly later in life to the average student, I do agree with the comments on Universities becoming factories, or at least the one I attend, I am not so sure some of the students want to be there, or at least learn.
|
|
|
|
iluvpie60
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 05:22:16 PM |
|
Two top-ranked US universities, New York University and Duke University, are offering courses on cryptocurrencies for the first time. Professor Geoffrey Miller taught the first class of NYU’s new course, The Law and Business of Bitcoin and Other Cryptocurrencies, yesterday. 35 students attended the session – the first in a series of 14 – which covered the fundamentals of money. http://www.coindesk.com/top-us-colleges-begin-offering-bitcoin-courses/As soon bitcoin will get an institutional integration it will be accepted by the society. good to see that the public will be educated on this. it would be nice in there courses if they also had a requirement of buying a small amount of bitcoin and then created a kind of economy for their own purposes. when i was little we had a type of vendor fair in 7th and 8th grade, you were allowed to bring in any type of food adn sell it as long as it wasn't spoiled or bad or anything. so everyone setup a table and used a type of fake currency, people voted on what to call the currency and everyone was given the same amount. the people who had the most after it was all over would win a prize for selling the most, and for making th emost profit. ppl brought in ice cream makers, cotton candy machines, sold popcorn that was freshly made, pizza all that stuff. was very valuable and fun. they should do something like that,
|
|
|
|
QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 06:47:28 PM |
|
Unfortunately, universities have become little factories that crank out drones willing to support the current system. Maybe that was caused by the reliance on money received from government and big business. Or maybe it's because the instructors are still living in the last generation when this was the greatest nation in the world.
Will have to take your word for it, I am not an American, don't live in America and my world view has not been shaped by your same experiences. As someone who is getting their MSc at a university outside America, significantly later in life to the average student, I do agree with the comments on Universities becoming factories, or at least the one I attend, I am not so sure some of the students want to be there, or at least learn. Thanks for sharing that. I didn't know but it doesn't surprise me that universities in other countries have become the same way. I guess institutions that are designed to support existing societies would organically evolve the same coping mechanisms. Most of the students probably don't want to be there and don't even believe half of what they're being taught. A university education is requisite for any kind of financial success in all but a few special cases. That's why they're putting up with it. Young people aren't stupid. They know when someone is teaching them a load of crap. Good professors support arguing salient points in class and promote open debates that allow students to come to conclusions on their own based on informed faculty guidance. Bad professors give lectures, force the study of ID questions that beat questionable information into their students heads and allow few debates. I told my kids when they first started college to drop any class with a professor that refuses to allow you to question his conclusions and debate his reasoning. When they asked why, I told them because you probably aren't learning the truth. Why would you want me to pay to have your head filled with a bunch of lies?
|
|
|
|
Bitcoinpro
Legendary
Offline
Activity: 1344
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 07:38:06 PM |
|
California has an online course too https://summer.uci.edu/courses/sectiondetail.aspx?serialid=70095&session=S2Section Detail Barter to Bitcoin: Society, Technology and the Future of Money ***ONLINE COURSE*** SOC SCI 89 ( 4.0 units ) Session II In 2008, a person calling himself or herself or themselves Satoshi Nakamoto released a paper suggesting a system for an anonymous, peer-to-peer alternative money. Bitcoin was born. Although not the first digital currency ever proposed, nor the first challenger to fiat money, Bitcoin is the first to have captured the broad imagination of speculators, coders, regulators, criminals and the mass media. This course puts Bitcoin in context: how do we understand money as a social, political and technological phenomenon? From discussions of ancient transactions to the rise of state-issued currencies, we will explore the social and technical aspects of Bitcoin, its predecessors and potential successors, and how its features echo aspects of many different historical transaction systems. No prior knowledge of economics or computing is required. Look for an email from the Summer Session office around July 28th regarding directions on how to log into your session II online course.
|
WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
|
|
|
twiifm
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 07:44:04 PM |
|
Two top-ranked US universities, New York University and Duke University, are offering courses on cryptocurrencies for the first time. Professor Geoffrey Miller taught the first class of NYU’s new course, The Law and Business of Bitcoin and Other Cryptocurrencies, yesterday. 35 students attended the session – the first in a series of 14 – which covered the fundamentals of money. http://www.coindesk.com/top-us-colleges-begin-offering-bitcoin-courses/As soon bitcoin will get an institutional integration it will be accepted by the society. good to see that the public will be educated on this. it would be nice in there courses if they also had a requirement of buying a small amount of bitcoin and then created a kind of economy for their own purposes. when i was little we had a type of vendor fair in 7th and 8th grade, you were allowed to bring in any type of food adn sell it as long as it wasn't spoiled or bad or anything. so everyone setup a table and used a type of fake currency, people voted on what to call the currency and everyone was given the same amount. the people who had the most after it was all over would win a prize for selling the most, and for making th emost profit. ppl brought in ice cream makers, cotton candy machines, sold popcorn that was freshly made, pizza all that stuff. was very valuable and fun. they should do something like that, Do this in college? LOL
|
|
|
|
QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 07:58:49 PM |
|
California has an online course too https://summer.uci.edu/courses/sectiondetail.aspx?serialid=70095&session=S2Section Detail Barter to Bitcoin: Society, Technology and the Future of Money ***ONLINE COURSE*** SOC SCI 89 ( 4.0 units ) Session II In 2008, a person calling himself or herself or themselves Satoshi Nakamoto released a paper suggesting a system for an anonymous, peer-to-peer alternative money. Bitcoin was born. Although not the first digital currency ever proposed, nor the first challenger to fiat money, Bitcoin is the first to have captured the broad imagination of speculators, coders, regulators, criminals and the mass media. This course puts Bitcoin in context: how do we understand money as a social, political and technological phenomenon? From discussions of ancient transactions to the rise of state-issued currencies, we will explore the social and technical aspects of Bitcoin, its predecessors and potential successors, and how its features echo aspects of many different historical transaction systems. No prior knowledge of economics or computing is required. Look for an email from the Summer Session office around July 28th regarding directions on how to log into your session II online course. "Captured the imagination" - You may have found a good class there.
|
|
|
|
dankkk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 07, 2014, 09:17:07 PM |
|
Anyone have a syllabus for the class? They're probably going to teach kids why crypto currencies will fail.
I would doubt this would be the only thing they teach. I think the classes will likely be somewhat more balanced then the views about bitcoin on this forum, but I also don't think they will teach that crypto currencies will certainly fail eventually. I think the classes will most likely teach the pros and cons behind crypto currencies, the risks and potential rewards of using a crypto currency as well as the technical aspect as to how they work. You may be right but if you have taken many upper level college courses you quickly learn that some professors like to teach from text books they wrote. That forces you to literally study what they think. While most of them attempt to be unbiased that seldom happens. I was a UTA for two years. Part of my little suck butt job as a UTA (other than fetch cups of coffee) was to help several assholes professors teach their courses. I have seen two different professors teach the same material with two different synopsis. Their final exam questions were even tailored toward what they wanted you to believe. My upper level college level courses were in finance and there is little room for opinion in this courses. I didn't find any of my upper level professors to be biased, although this statement may be skewed by the fact that they were conservative which matches my general views.
|
|
|
|
QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 08, 2014, 12:01:23 AM |
|
Anyone have a syllabus for the class? They're probably going to teach kids why crypto currencies will fail.
I would doubt this would be the only thing they teach. I think the classes will likely be somewhat more balanced then the views about bitcoin on this forum, but I also don't think they will teach that crypto currencies will certainly fail eventually. I think the classes will most likely teach the pros and cons behind crypto currencies, the risks and potential rewards of using a crypto currency as well as the technical aspect as to how they work. You may be right but if you have taken many upper level college courses you quickly learn that some professors like to teach from text books they wrote. That forces you to literally study what they think. While most of them attempt to be unbiased that seldom happens. I was a UTA for two years. Part of my little suck butt job as a UTA (other than fetch cups of coffee) was to help several assholes professors teach their courses. I have seen two different professors teach the same material with two different synopsis. Their final exam questions were even tailored toward what they wanted you to believe. My upper level college level courses were in finance and there is little room for opinion in this courses. I didn't find any of my upper level professors to be biased, although this statement may be skewed by the fact that they were conservative which matches my general views. Yeah, it's hard for them to seem biased when you agree with every word they say. LOL.
|
|
|
|
SF-Man
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 98
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 08, 2014, 05:01:59 AM |
|
That just means bitcoin is here to stay. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
leannemckim46
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 08, 2014, 05:16:52 AM |
|
That's a good news. Educating general public about cryptos is nice idea to spread awareness.
It's not really the "general public"... it's a few select students at a couple of universities. That being said, another small step forward for bitcoin. I think this will probably spur long term innovation in the bitcoin ecosystem. It will hopefully inspire people to somehow get involved in bitcoin, and potentially start new companies that have to do with bitcoin and/or create new technology related to bitcoin.
|
|
|
|
|