BeInCrypto spoke exclusively to Omid Malekan, a professor at Columbia Business School and the author of Re-Architecting Trust: The Curse of History and the Crypto Cure for Money, Markets, and Platforms.
Omid Malekan first discovered Bitcoin in 2013, after a friend asked him to purchase some on the friend’s behalf. “Prior to that, I had no interest. My impression of Bitcoin was, like a lot of people back then, that it’s just some weird internet thing that appeals to drug dealers,” said Malekan. However, actually interacting with Bitcoin quickly changed his mind. His “epiphany” came when the cryptocurrency exchange Mt. Gox was hacked in 2014.
At the time, it was the largest exchange of its kind in the world, handling over 70% of all Bitcoin transactions worldwide. It was the notion of digital scarcity that triggered the revelation. “For the first time in the history of the internet, something valuable was stolen, and it could not be replaced. And that wasn’t possible before Bitcoin. It was this epiphany that sent me down the rabbit hole. That’s turned into an entire career.”
Fast forward a decade later, and Malekan teaches students about crypto at Columbia Business School. Possibly, the world’s most prestigious business school after Harvard. He has also authored several books on the subject. The latest is Re-Architecting Trust: The Curse of History and the Crypto Cure for Money, Markets, and Platforms.
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Author: Josh Adams
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