While the libertarian world of cryptocurrency has largely struggled to make inroads into Wall Street, Wall Street Journal reports that it may be doing so into New York University (NYU).
Geoffrey Miller from NYU’s Law School and David Yermack from the Stern School of Business are teaming up to offer a graduate-level course on Bitcoin for this August. The aim is to help navigate the regulatory environment and assess cryptocurrency’s value amidst a formidable array of interest, confusion and concern surrounding it. The course is to be titled, “The Law and Business of Bitcoin and Other Cryptocurrencies” and engages in topics like the concept of money, legal implications, regulation and mining. A proposed class outline can be found here.
The final class, which is optional, is titled, “Bitcoin’s conflict with the political system”. It explores Bitcoin’s popularity in China and the U.S. and if it can become a focal point for civil disobedience.
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Yermack expects to pack the 50-seat classroom for the course, although he fears that interest in the course will evaporate if, for example, Bitcoin crashes to $5-$10 by August.
This comes approximately 6 months after pro-Bitcoin University of Nicosia launched its offering of a Master’s in Bitcoin graduate degree. However, NYU would be among the pioneers in being one of the first of its caliber in making such an offering.
One has to wonder why somebody didn’t think of this sooner. Universities and such institutions of higher education are the perfect breeding ground for cultivating cryptocurrency. The libertarian appeal, the cutting edge of high-tech, the competitive nature and its advanced implications in the fields of computer science, economics and law make cryptocurrency an ideal candidate for course material. Campuses have been full of Bitcoin life and activities. A good example is the recent creation of Tidbit by a group of MIT students as part of a competition.