Why the Sudden Worry About Bitcoin?
Digital Currency Surges Despite Big Bank Warnings
Joseph P. Bailey
Joseph P. Bailey's research and teaching interests span issues in telecommunications, economics, and public policy with an emphasis on the economics of the Internet. This area includes an identification of the existing public policies, technologies, and market opportunities that promote the benefits of interoperability. Bailey is currently studying issues related to the economics of electronic commerce and how the Internet changes competition and supply chain management.
Why Is Everyone Worrying About Bitcoin Now?
It seems like everyone is sounding the alarm lately about bitcoin and the ever-expanding world of cryptocurrencies. It's a fraud, says JPMorgan Chase's Jamie Dimon. It's a bubble, says hedge fund founder Ray Dalio. And China recently banned some cryptocurrency activity. It's not surprising that people are raising concerns, says the Smith School's Joseph P. Bailey. Read more...
Parking Innovations and the Next Big Idea
The Fontainebleau in Miami Beach provided a suitable venue for the National Parking Association’s most recent convention for at least two reasons. Besides the luxury accommodations, the buzzing nightlife at the hotel creates one of the hardest valet parking jobs in the country. “You need 45 runners on a midnight shift,” says former University of Maryland football player Sam Medile, an angel investor and serial entrepreneur who made his mark in the parking industry. Medile draws upon ideas from the convention and his own observations in episode two of Bootstrapped, a Dingman Center podcast. Read more...
Dingman Center for Entrepreneurship Launches Startup Podcast
The Dingman Center for Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business has launched a startup podcast called Bootstrapped. The podcast features founders, investors and serial entrepreneurs from the Washington, D.C., Maryland and Virginia startup scene. While the podcast covers many aspects of startup life, the heart of the show focuses on funding from both the founder and investor perspectives, thus the name, Bootstrapped.
Patent Reform to Unleash Innovation
In this edition of Smith Business Close-Up, host Jeff Salkin visits the Smith School to sit down with professor Joseph Bailey, a 2014 Thomas Alva Edison Visiting Scholar with the U.S. Patent and Trademark Office.
Reform the Patent Office to Unleash Innovation
The U.S. patent system is supposed to reward and therefore encourage innovation, but is beset with challenges: Patent applications are growing exponentially, patent "trolls" file expensive lawsuits, and companies like Apple and Samsung sometimes appear to be competing as much through patent litigation as in the marketplace. Smith professor Joseph P. Bailey outlines possible solutions, including some that the patent office already is pursuing. Read more...
Incoming MBAs Start Fast with Career Coaching
Incoming full-time MBA students at the University of Maryland’s Robert H. Smith School of Business didn’t have to wait long to meet employers and learn what kind of talent they want to hire. A panel of corporate recruiters, including four Smith MBA alumni, shared career advice and answered questions during orientation Aug. 10-21, 2015.
UMD Business Expert: Maryland's Proposed Digital Goods Sales Tax Would be Difficult to Execute
COLLEGE PARK, MD - If Maryland Gov. Martin O'Malley convinces lawmakers to pass his proposed digital goods sales tax in the 2013 fiscal year budget, the policy would be difficult to execute, says Joseph Bailey, professor of information management with the Robert H. Smith School of Business at the University of Maryland.
Smith Business Close-Up: Students work with IBM’s Watson
Joseph Bailey talks about the recent case competition with QUEST students and how the Smith School is teaching through experiential learning. Student Praneet Puppala was on the winning team.
IRS Bitcoin Move will Diminish Value in Related Illegal-Illicit Transacting: UMD-Smith Expert
COLLEGE PARK, Md. - The IRS announcement to treat Bitcoin as taxable property means a new government revenue stream and authority to rein in government-avoiding users of the digital money system, says Joseph Bailey, an electronic commerce expert in the University of Maryland's Robert H. Smith School of Business.
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