The Actual Importance of Bitcoin for Actuaries
The Future Actuary recently posted an article by Rui Dong entitled, "What is Bitcoin?" Seeing as there are literally hundreds, if not thousands of these articles floating around the internet (oh look - I wrote one too!) I almost passed it up. Except that this particular Bitcoin intro article came from the Society of Actuaries. For those of you who might not know what or who an actuary is: An actuary is a professional who deals with the financial impact of risk and uncertainty. These are the people who, by using complex mathematics, calculate what premiums your insurance provider should....
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