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

MIT 15.S12 Blockchain and Money, Fall 2018
Instructor: Prof. Gary Gensler

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

[prula]

If you have a smartphone, internet and the ability to understand English, you can literally be in the classroom of an MIT lecture on Bitcoin/Blackchain. What a world! Thank You!

[RooseveltCoopling]

I am a poor person from Brazil that had to learn English to understand this video. Thanks to it - although I don't have money to pay for MIT tuition - I am watching a full class by MIT from my house in South America. Thanks for democratizing knowledge. <3

[DanielBarryHQ]

4:15 the two Readings for class (How blockchain can solve the payments riddle and The blockchain catalyst for change)
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 Encumbants 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

[ardaucuncu]

I still can not believe I take an entire blockchain course from MIT fo free, unbelievable. I can not thank enough MIT.

[rigobertosolorzano]

Gary Gensler mentions a book for the class and the guy who wrote the book is sitting in that class as a student... WOW MIT is on another level

[puneetjuly]

The world is your library if you want to learn. Unbelievable is the age we live in getting free education from MIT. This sets you apart MIT. Well Done!!

[CuriousJet]

It is fascinating to take this class in the year 2021 knowing what has happened in the crypto space since 2018. And big thank you to MIT for making this knowledge available to the world free of charge. That's unbelievable generosity.

[_kanyeWest]

Fun Fact: This professor got sworn in today as the SEC chairman. pretty cool

[MrSamdogz]

Tell me why I pay tens of thousands for an education yet this lecture is far more stimulating then any I’ve attended at my institution...

[mustafapeker]

I felt like I am in the room. How grateful I am for encountering this channel. Many thanks to MIT and Gary Gensler.

[cauebraga]

I'm so thankful to be able to study this course online, here from Brazil. Thank you so much, MIT.

[kilis]

I wish I had a teacher like Gensler. Easy to absorb, concise, follow thru, topics etc ... excellent.

[alanargotte]

No way. This channel just has everything! Thank you so much for having this content for free and for the world

[JoeBidenFanclub]

Who’s here after Gary is trying to regulate tf out of cryptocurrency?

[innominatesoloist]

Lots of love from Nepal for making this level of quality education free of enlightens the soul of plenty of underprivileged students

[actingactor]

This is probably one of the most important lectures for everyone to see.

[tobyforstater]

So thankful for this class. I wish I saw it back in 2018 but February 2022 is blessed enough! So grateful! I'm sharing this with everyone! This is such a solid foundation

[donparmesan]

What an extraordinary opportunity to be able to access literally world-class lectures for free at your fingertips...the times we live in, just mind-blowing! - massive respect for MIT for sharing these lecture series with the world!

[sudhirpatil]

Let me thank MIT for this wonderful lecture by soft-spoken n intelligent prof.

Also I must thank you tube for making things possible for me to gain valuable n immense knowledge for free!!

[Rozco_BKNY]

Thank you MIT. Been looking for the best course to teach me about the BC technology. Prof Gary has me hooked.