Will Cryptos ever be Currencies?
Wednesday, April 25, 2018
at the offices of DWT
1251 Avenue of the Americas, 21st Floor, New York, NY 10020
Spending with cash is easy and fast; spending with a payment card is almost the same. But spending Bitcoin is a different matter: it can take many minutes to complete a transaction, with varying costs. And with rising values Bitcoin seems to be treated more as a commodity like gold, rather than a form of payment. Many now doubt that Bitcoin itself will ever achieve the goal of a ubiquitous “electronic cash system” competing with fiat currency.
But not so fast. First, developers have proposed solutions to more quickly and less expensively validate Bitcoin transactions. Also, Bitcoin’s most prominent competitor, Ethereum, may shift away from the “proof of work” model that underpins Bitcoin to a “proof of stake” model that promises more efficient and inexpensive transactions. And perhaps there are other innovations over the horizon that will surpass even these.
So what does this mean for Bitcoin? And for other cryptocurrencies such as Ether and its thousands of progenies, from FileCoin to EOS to Tether? Join NYPAY for a bit of a lesson (but no quiz at the end) and a lot of discussion.
With special thanks to annual sponsor:
Lance Koonce focuses his practice on intellectual property and technology, and acts as litigator and advisor for clients in the media, advertising, and consumer products fields, and has extensive experience analyzing the implications of emerging technologies. As a litigator, he has over 20 years of experience trying complex commercial cases in state and federal court, including jury trials. Lance writes and speaks frequently on IP and technology issues, and leads DWT’s cross-practice Blockchain and Distributed Technologies initiative. He is the founder of the Creative Block(chain) blog, which focuses on how blockchain technology intersects with the creative industries.
Founder & CEO of Promethean Labs and creator of the Logos Network
Michael Zochowski is Founder & CEO of Promethean Labs and creator of the Logos Network, a hyperscalable crypto payments network. He has been involved in cryptocurrency since 2013, and has extensive experience investing in and contributing to the crypto ecosystem. Before launching Promethean Labs, Michael worked at Ellington Management Group, a multi-billion dollar hedge fund, in portfolio management and alpha research roles across equity volatility and credit strategies. Michael graduated from Harvard University with a B.A. in Statistics and M.S. in Applied Mathematics, where he was a multi-time John Harvard Scholar.
Chairman and C.E.O., mShift Inc.
Scott is a Chief Executive with 19 years of experience in eCommerce, Mobile Banking, Mobile Payments and Blockchain technologies. With mSHIFT, we launched the first mobile banking deployment in the United States. Since then we’ve supported millions of financial transactions, securely linking mobile banking customers to banks and credit unions ranging from Community Banks and local Credit Unions, to 2 of the 5 largest financial institutions in the United States. Today, we are fully incorporating the Blockchain with mSHIFT’s patented technology, to create a new model for mobile and eCommerce payments.
To quote Buckminster Fuller, “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
If you are unable to attend, all fees will be refunded. Refund requests must be received in writing, prior to 24 hours after the event. Please send refund requests to [email protected]
Networking & Drinks