Binghamton University to host lecture on Bitcoins and Bubbles

2014-02-26

BINGHAMTON, NY – Binghamton University will host a lecture titled, "Bitcoins and Bubbles," at 5 p.m. Tuesday, March 4 in room 108, University Union, on campus.           

During the last several years, dozens of new "currencies" have been created through the development of algorithms. The most famous of these is called "bitcoin." Programmers permit individuals to use computing algorithms to "mine" the currencies, and obtain units of the new currencies, which can then be traded by the owners, or used to pay for goods and services. The value of one bitcoin in U.S. dollars increased from just pennies in 2009, to an all-time high of more than $1,100 in December 2013.

Guest speaker David Cohen, professor, Pace University School of Law, will address these questions during his presentation:

What are the rights of a buyer of a bitcoin? Are bitcoins legal tender? Can one’s bitcoins be "stolen"? Could bitcoins de-stabilize the world’s financial systems? How will governments regulate these new currencies?

Cohen teaches secured finance and bankruptcy at Pace Law School.

This event is sponsored by the Binghamton University Harpur Academic Advising Office, Department of Economics and the Harpur College Dean’s Office.

For more information, contact Lee Nesslage at nesslage@binghamton.edu.

Last Updated: 9/17/13