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DTSTAMP:20250116T210934Z
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DTSTART;TZID=America/New_York:20250106T190000
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DESCRIPTION:BitCoin was proposed in 2008 and (based on a white paper)\, lau
 nched in 2009. It was worthless initially\, but is now priced at $100\,000
  per coin. It can be incremented into 1/100\,000\,000 parts\, each called 
 a “Satoshi”. The white paper proposes that security is ultimately achi
 eved by the hosting agency having a more powerful and faster computer than
  anyone else. However\, other security measures are a cryptographic system
  that would be difficult to overcome\, and personnel who check each transa
 ction for legitimacy. In spite of the seemingly impossible task of “hack
 ing” the system\, accounts have been stolen or lost several times. The p
 urpose of this talk is not to advocate use of this system of commerce\, bu
 t to recognize that at some point the US Government will be involved. This
  should eventually lead to a secure system for commerce. Some interesting 
 features of the technology include the analogy of mining for gold\, and th
 e increasing difficulty of “finding” coins.\n\nSimilar "coins" will al
 so be discussed.\n\nSpeaker(s): Doug\n\nVirtual: https://events.vtools.iee
 e.org/m/454896
LOCATION:Virtual: https://events.vtools.ieee.org/m/454896
ORGANIZER:doug_tipton@ieee.org
SEQUENCE:50
SUMMARY:Cryptocurrency - Bitcoin- Is it ready for Prime Time? Careers in Te
 ch Special
URL;VALUE=URI:https://events.vtools.ieee.org/m/454896
X-ALT-DESC:Description: <br /><p class="MsoNormal"><img src="https://events
 .vtools.ieee.org/vtools_ui/media/display/9fc3c07a-6703-42e5-ac08-8d877c002
 9c1"></p>\n<p class="MsoNormal">BitCoin was proposed in 2008 and (based on
  a white paper)\, launched in 2009. It was worthless initially\, but is no
 w priced at $100\,000 per coin. It can be incremented into 1/100\,000\,000
  parts\, each called a &ldquo\;Satoshi&rdquo\;. The white paper proposes t
 hat security is ultimately achieved by the hosting agency having a more po
 werful and faster computer than anyone else. However\, other security meas
 ures are a cryptographic system that would be difficult to overcome\, and 
 personnel who check each transaction for legitimacy.<span style="mso-space
 run: yes\;">&nbsp\; </span>In spite of the seemingly impossible task of &l
 dquo\;hacking&rdquo\; the system\, accounts have been stolen or lost sever
 al times. The purpose of this talk is not to advocate use of this system o
 f commerce\, but to recognize that at some point the US Government will be
  involved. This should eventually lead to a secure system for commerce. So
 me interesting features of the technology include the analogy of mining fo
 r gold\, and the increasing difficulty of &ldquo\;finding&rdquo\; coins.&n
 bsp\;</p>\n<p class="MsoNormal">Similar "coins" will also be discussed.</p
 >
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