BEGIN:VCALENDAR VERSION:2.0 PRODID:IEEE vTools.Events//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:America/New_York BEGIN:DAYLIGHT DTSTART:20220313T030000 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 RRULE:FREQ=YEARLY;BYDAY=2SU;BYMONTH=3 TZNAME:EDT END:DAYLIGHT BEGIN:STANDARD DTSTART:20221106T010000 TZOFFSETFROM:-0400 TZOFFSETTO:-0500 RRULE:FREQ=YEARLY;BYDAY=1SU;BYMONTH=11 TZNAME:EST END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTAMP:20230210T171631Z UID:586EEE18-2F2B-4144-9B10-3094A5C416DD DTSTART;TZID=America/New_York:20220714T110000 DTEND;TZID=America/New_York:20220714T120500 DESCRIPTION:Abstract:\nThe value (market capitalization) of Cryptocurrencie s has surpassed one trillion dollars while Christine Lagarde\, the head of European Central Bank (ECB)\, has stated that Bitcoin is not a currency a nd China has made transactions in Bitcoin illegal. Warren Buffett claims t hat Cryptos are one of the biggest financial scams and will end in tears w ith investors losing millions of dollars.\n"Cryptocurrencies basically hav e no value and they don't produce anything. They don't reproduce\, they ca n't mail you a check\, they can't do anything\, and what you hope is that somebody else comes along and pays you more money for them later on\, but then that person's got the problem. In terms of value: zero." — [CNBC\, February 2020](https://www.youtube.com/watch?v=d6yqrwOZVjY)\n\nOn the othe r hand proponent of Bitcoin call these critiques Luddites who do not under stand technology and internet and how information technology is transformi ng many aspects of our lives including financial transactions\, investment s and savings. Billionaire Peter Theil the co-founder of Paypal and Palant ir speaking at the Bitcoin 2022 summit in Miami\, made headlines as he dou bled down on his uber bullish outlook for Bitcoin while mocking Warren Buf fett\, Bill Gates\, Larry Fink\, and Jamie Dimon.\n\nIn this talk\, I will discuss in non-technical terms the underlying technology\, i.e.\, Blockch ain and cryptography\, upon which Bitcoin and other cryptos rely and the w ay Bitcoin eco system functions. I will also examine the price volatility of Bitcoin and some of its economic and financial ramifications.\n\nSpeake r's short bio:\nDr. Dehnad is on the faculty of Financial Engineering of C olumbia University and Department of Finance and Risk Engineering of New Y ork University. He was Assistant General Manger and head of Analytic and Q uantitative Trading and CoHead of Hedge Fund Group at Samba Financial Grou p (previously Saudi-American Bank) where he initiated use of Big Data and Data Mining to develop trading strategies. Before joining Samba\, he was a Managing Director in the Structured Credit Products at CITIGROUP in charg e of Exotic Credit Trading. Previously\, he was head of Fixed Income Deriv atives Structuring and New Products.\nDr. Dehnad received his PhD. in Math ematics from University of California \, Berkeley \, After receiving his s econd Doctorate from Stanford University \, he joined AT&T Bell Labs where he published the book “Quality Control and Taguchi Method.”\nHe start ed his career on Wall Street at the program trading firm of D.E. Shaw. Lat er he joined the Derivatives Marketing and Trading of Chase Manhattan Bank .\n\nCo-sponsored by: This talk is sponsored by Life Member Affinity group of NJ coast section\n\nSpeaker(s): Dr. Dehnad\, \n\nAgenda: \n11:00 AM In troduction of speaker\n\n11:05AM talk by Dr. Kosrow Dehnad\n\n12:00 noon - End of talk followed by Q & A\n\nVirtual: https://events.vtools.ieee.org/ m/319608 LOCATION:Virtual: https://events.vtools.ieee.org/m/319608 ORGANIZER:mmalek@ieee.org SEQUENCE:3 SUMMARY:What you wanted to know about Bitcoin but were afraid to ask URL;VALUE=URI:https://events.vtools.ieee.org/m/319608 X-ALT-DESC:Description: <br /><div><strong>Abstract:</strong><u></u></div>\ n<div>The value (market capitalization) of Cryptocurrencies has surpassed one trillion dollars while Christine Lagarde\, the head of European Centra l Bank (ECB)\, has stated that Bitcoin is not a currency and China has mad e transactions in Bitcoin illegal. Warren Buffett claims that Cryptos are one of the biggest financial scams and will end in tears with investors lo sing millions of dollars.</div>\n<div>"Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce\, they can't m ail you a check\, they can't do anything\, and what you hope is that someb ody else comes along and pays you more money for them later on\, but then that person's got the problem. In terms of value: zero." &mdash\;&nbsp\;<a href="https://www.youtube.com/watch?v=d6yqrwOZVjY" target="_blank" rel="n ofollow noopener noreferrer" data-saferedirecturl="https://www.google.com/ url?q=https://www.youtube.com/watch?v%3Dd6yqrwOZVjY&amp\;source=gmail&amp\ ;ust=1657813739719000&amp\;usg=AOvVaw19e4vBT0nbvQCwTJrfiLu3">CNBC\, Februa ry 2020</a></div>\n<div>&nbsp\;</div>\n<div>On the other hand proponent of Bitcoin call these critiques Luddites who do not understand technology an d internet and how information technology is transforming many aspects of our lives including financial transactions\, investments and savings. Bill ionaire Peter Theil&nbsp\;the co-founder of Paypal and Palantir speaking a t the Bitcoin 2022 summit in Miami\, made headlines as he doubled down on his uber bullish outlook for Bitcoin while mocking Warren Buffett\, Bill G ates\, Larry Fink\, and Jamie Dimon.</div>\n<div>&nbsp\;</div>\n<div>In th is talk\, I will discuss in non-technical terms the underlying technology\ , i.e.\, Blockchain and cryptography\, upon which Bitcoin and other crypto s rely and the way Bitcoin eco system functions. I will also examine the p rice volatility of Bitcoin and some of its economic and financial ramifica tions.&nbsp\;&nbsp\;&nbsp\;</div>\n<div>&nbsp\;</div>\n<div><strong>Speake r's short bio:</strong></div>\n<div>Dr. Dehnad is on the faculty of Financ ial Engineering of Columbia University and Department of Finance and Risk Engineering of New York University. He was Assistant General Manger and he ad of Analytic and Quantitative Trading and CoHead of Hedge Fund Group at Samba Financial Group (previously Saudi-American Bank) where he initiated use of Big Data and Data Mining to develop trading strategies. Before join ing Samba\, he was a Managing Director in the Structured Credit Products a t CITIGROUP in charge of Exotic Credit Trading. Previously\, he was head o f Fixed Income Derivatives Structuring and New Products.</div>\n<div>Dr. D ehnad received his PhD. in Mathematics from University of California \, Be rkeley \, After receiving his second Doctorate from Stanford University \, he joined AT&amp\;T Bell Labs where he published the book &ldquo\;Quality Control and Taguchi Method.&rdquo\;</div>\n<div>He started his career on Wall Street at the program trading firm of D.E. Shaw. Later he joined the Derivatives Marketing and Trading of Chase Manhattan Bank.</div>\n<div>&nb sp\;</div><br /><br />Agenda: <br /><p>11:00 AM Introduction of speaker</p >\n<p>11:05AM talk by Dr. Kosrow Dehnad</p>\n<p>12:00 noon - End of talk f ollowed by Q &amp\; A</p> END:VEVENT END:VCALENDAR