My Finance professor just spent an hour and a half teaching about Bitcoin and Blockchain technology

He talked the class through the entire concept, from Satoshi's white paper to the importance of decentralization. He also explained that transaction fees and confirmation times suck right now, but that there are solutions coming very soon that'll (hopefully) fix all of that. He even mentioned that many forks end up failing, "like Bitcoin Gold, Bitcoin Dark, and Bitcoin Cash."

Besides that, he also talked about the future of blockchain technology as a whole and how it can help make identities, contracts, etc more efficient and more secure. Overall he did a really good job of explaining what all of it is and why it matters, and cutting through all the FUD of OMG Bitcoin is dying right now RIP.

This guy is a professor at a major state university, but he used to work in the traditional finance industry. He has spent most of his life making a living off of fiat, so it was really surprising hearing him talk about how Bitcoin is the way of the future.

Submitted January 19, 2018 at 02:53AM by OurLordAndSaviorSam http://ift.tt/2rjV3ZR