8. Public Policy

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

In this session, Prof. Gensler discusses how public policy relates to blockchain technology and crypto finance. The public policy framework guards against illicit activity, provides financial stability, and protects the investing public.

License: Creative Commons BY-NC-SA

[jeromelubezky]

Gary learning the meaning of "OG" was the best part of the class.

[idlewords]

"Ultimately who sits on the job, mattters" SEC Chairman, Gary Gensler.

[Bordelcossin]

Netflix is outdated. That's the new best show to binge watch right now.

[tylermarsh]

Free knowledge!! Whose still here !?! Let’s get it

[cauebraga]

31:10 crypto market was so small that year. 2021 hit 3 trillion dollars and now is around 2 trillions. Sometimes we think we lost the opportunities, but this is still the beginning. Blessed will be the ones who believe in this tecnology.

[ruchadave]

Thank you for making available such high quality learning sessions here.

[WGchamara]

Thank you MIT & prof. Gary Gensler.

[DontknowwhattoputhereQ]

I'm loving this. So grateful to MIT and Gary!

[sen_]

Great insight into why regulation may have a role in the world of cryptocurrency, and that the issues faced might be way more intricate than most of us retail investors might have imagined.

[browningcal]

When you mine (Bitcoin) it's treated as income, but you claim your cost of mining equipment and power usage as your cost basis to get the actual profit for a given period of time.

[campusseoul]

My colleagues and I are following the policies from the United States and Canada.

Gary Gensler mentions the black markets and the dark markets.

[saugatbaral]

Attendance for lecture 8 Prof. You don't have only 85 students now.
PS. After finishing all the lecture, I want to re watch again to comprehend all concepts you had talked about.

[mohammadahmadrocks]

Even the way the mit guys title to the videos is AWESOME 🤞

[treats]

This content is so good! I hope the crypto community can form a coalition to influence policy toward some collective ideal. I worry that, given personnel is policy, these people won't have the knowledge or understanding of what they're writing policies for and we'll be left with a system that is far from the ideal.

[samforeman]

"i would argue that even some fiat currencies are volatile" - GG

[benriggan]

Thanks Gary, great content, well appreciated.

[jmasked]

1:10:50 was hoping someone would say "lobbying" was at the top of public policy.

[AB]

One of us, either the participant in the class or me, does not understand the Howey test. The participant said citrus groves became securities, that's not how I understood it. Howey sells his citrus groves as a real estate investment, while making a deal to stay on the farm and make money producing fruit for sale. I think essentially, actually nothing has changed for Howey, he is living on the farm making money as before, but now he's received a nice lump of cash from the sale, and that's all. Howey doesn't necessarily have any plans to make the real estate deal profitable for the buyers, but I think not only that, could Howey actually reclaim the property with squatter's rights? They would be farming there for years, with permission from the owner

[johnwalbolt]

Might have to go long on GME and Dogecoin

[RiccardoVincelli]

32:03 a smaller market cap doesn't necessarily mean a reduced systemic risk I guess, connectivity ie exposure is the confounding term