The lecturer focuses on his own paper, 'The Economic Limits of Bitcoin and Anonymous, Decentralized Trust on the Blockchain', analysing the innovation of cryptocurrencies, particularly bitcoin and its economic credibility. The innovator of cryptocurrency, Satoshi Nakamoto incorporated an interesting combination of computer sciences and economics. The paper argues the limitations of the concept and its associated risks with the mechanism of blockchain.
The lecturer Eric Budish is the Steven G. Rothmeier Professor of Economics at the University of Chicago, Booth School of Business, a Research Associate at the National Bureau of Economic Research, and Co-Director of the Initiative on Global Markets at Chicago Booth. Budish’s main area of research is market design, with specific topics studied including financial markets, matching markets, ticket markets, cryptocurrencies, and incentives for innovation. Budish’s research on high-frequency trading and the design of financial exchanges received the AQR Insight Award and the Leo Melamed Award, has been discussed in major policy addresses by the NY Attorney General and the SEC Chair, and has influenced exchange design proposals in both stock markets and futures markets.