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Eric Budish
In this inaugural episode, Eric Budish joins the podcast to help us understand the fundamentals of cryptocurrency. From blockchain basics to coins, computing power, forking, and 51% attacks, consider this a crash course in Crypto 101.
Eric Budish is the Paul G. McDermott Professor of Economics and Entrepreneurship at the University of Chicago, Booth School of Business. He is also a Research Associate at the National Bureau of Economic Research, Co-Director of the Initiative on Global Markets at Chicago Booth, and the Krane Distinguished Visiting Professor at the University of Chicago Law School. His most recent research concerns the economic limitations of bitcoin and the blockchain.
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Published in: Finance
This crypto-skeptic is looking forward to hearing your first show.
I am starting to get into crypto and am looking for good info.
Rich,
I want to congratulate you a fine first episode and a terrific guest choice. Eric touched on what I think are the most salient aspects of the cryptocurrency phenomenon: the frankly outrageous computational expense, the lack of practical utility, the Ponzi-esque quality of the Bitcoin economy, the effective lack of anonymity implied by reliance on cryptocurrency brokers, and the ultimate unsustainability of Bitcoin’s current proof-of-work mechanism.
I applaud you for choosing such a level-headed guest for your inaugural podcast.
— Hank
Feedback very encouraged as we go!
Thanks, Hank. Eric was a great first guest. Excited for our next as well. Stay tuned.
Outstanding. Looking forward to more.
Thanks, Sandy!