1. Introduction for 15.S12 Blockchain and Money, Fall 2018

2020-01-23 0 0 6,799,821 YouTube

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MIT 15.S12 Blockchain and Money, Fall 2018 Instructor: Prof. Gary Gensler View the complete course: https://ocw.mit.edu/15-S12F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn This lecture provides an introduction to the course and to blockchain technology. Chapters 0:00 Title slates 0:20 Welcome; course introduction 4:15 Readings for class 5:13 A history lesson to give context 9:22 Cryptography is communication in the presence of adversaries 12:14 List of digital currencies that failed between 1989 and 1999 15:38 What blockchain is 19:26 Pizza for bitcoins 21:37 Blockchain technology 22:41 Role of money and finance 26:40 Financial sector problems and blockchain potential opportunities 28:44 Financial sector issues with blockchain technology and what the financial sector favors 35:00 Public policy framework 36:46 The duck test 37:25 Incumbents eyeing crypto finance 39:35 Financial sector potential use cases 41:57 Larry Lessig's book "code and other laws of cyberspace" 48:46 Outline of all classes 49:08 Study questions 50:55 Readings and video 52:04 Conclusions 55:13 Questions 1:01:42 Credits License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu