Difference between revisions of "Mark T. Williams"
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{{infobox person|name=Mark T. Williams | {{infobox person|name=Mark T. Williams | ||
|born={{Birth date and age|1963|8|19}} | |born={{Birth date and age|1963|8|19}} | ||
− | }}'''Mark T. Williams''', better known in the Bitcoin community as '''Professor Bitcorn''', is a [[Wikipedia:Boston University|Boston University]] faculty member. In 2013 Williams predicted that bitcoin "could" trade for less than 10 dollars by mid-2014,<ref>http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12</ref> and provided testimony before the New York State Department of Financial Services hearing on virtual currencies. During the February 2014 | + | }}'''Mark T. Williams''', better known in the Bitcoin community as '''Professor Bitcorn''', is a [[Wikipedia:Boston University|Boston University]] faculty member. In 2013 Williams predicted that bitcoin "could" trade for less than 10 dollars by mid-2014,<ref>http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12</ref> and provided testimony before the New York State Department of Financial Services hearing on virtual currencies. During the [[February 10, 2014 flash crash]], the value of bitcoin dropped by over 80 percent, to a low of $102 before rising to over $600. The low in this crash was still an order of magnitude higher than Williams's prediction. He raised concerns about Bitcoin including it being a high-risk virtual commodity, having artificially inflated price, extreme hoarding, hyped demand, high potential for market manipulation, and need for strong regulation.<ref>[http://www.dfs.ny.gov/about/hearings/vc_01282014/williams.pdf Testimony of Mark T. Williams] The New York State Department of Financial Services: Hearing on Virtual Currencies - January 29, 2014.</ref><ref>[http://www.dfs.ny.gov/about/hearings/vc_01282014_indx.htm Panel 3: The Academic View on Virtual Currencies] The New York State Department of Financial Services: Hearing on Virtual Currencies - January 29, 2014.</ref> On April 2, 2014, Williams provided congressional testimony before the U.S. House of Representatives Committee on Small Business discussing the 10 major risks associated with Bitcoin.<ref>[http://smallbusiness.house.gov/uploadedfiles/4-2-2014_williams_final_testimony.pdf] House Committee on Small Business: Committee Explores Risks and Benefits of Bitcoin Use by Small Businesses</ref> The Bitcoin community remains critical of his concerns,<ref name="newsbtc.com">{{cite web|title=Prof. Mark T. Williams: "My Concerns Over Bitcoin Remain"|url=http://newsbtc.com/2014/07/01/prof-mark-t-williams-concerns-bitcoin-remain/|date=July 1, 2014}}</ref><ref>{{cite web|title=Time is Running Out for Mark Williams Prediction of a $10 Bitcoin|url=http://bitcoinmagazine.com/13562/time-running-mark-williams-prediction-10-bitcoin/|date=May 30, 2014}}</ref> and usually refers to him as "Professor Bitcorn." Williams also continues to assert that the virtual currency is in a hyper bubble and will eventually suffer a price collapse.<ref name="newsbtc.com"/> |
==References== | ==References== | ||
<references/> | <references/> | ||
[[Category:Skeptics]] | [[Category:Skeptics]] |
Latest revision as of 05:02, 30 July 2015
Mark T. Williams
Born | August 19, 1963 |
References
- ↑ http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12
- ↑ Testimony of Mark T. Williams The New York State Department of Financial Services: Hearing on Virtual Currencies - January 29, 2014.
- ↑ Panel 3: The Academic View on Virtual Currencies The New York State Department of Financial Services: Hearing on Virtual Currencies - January 29, 2014.
- ↑ [1] House Committee on Small Business: Committee Explores Risks and Benefits of Bitcoin Use by Small Businesses
- ↑ 5.0 5.1 "Prof. Mark T. Williams: "My Concerns Over Bitcoin Remain"". July 1, 2014. http://newsbtc.com/2014/07/01/prof-mark-t-williams-concerns-bitcoin-remain/.
- ↑ "Time is Running Out for Mark Williams Prediction of a $10 Bitcoin". May 30, 2014. http://bitcoinmagazine.com/13562/time-running-mark-williams-prediction-10-bitcoin/.