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
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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
In this lecture, Prof. Gensler discusses the history of money, ledgers, fiat currency, central banking, early digital money, and mobile payments.
License: Creative Commons BY-NC-SA
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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
In this lecture, Prof. Gensler, explains the basics of blockchain and covers Bitcoin design features, hash functions, blocker headers, Merkle trees, among other related topics.
License: Creative Commons BY-NC-SA
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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 covers blockchain consensus protocols. Because of the decentralized nature of blockchain technology, it is crucial that consensus protocols are used to require that the nodes on the network agree on the same state of a blockchain.
License: Creative Commons BY-NC-SA
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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 session covers design featues of blockchain, like hash functions, append-only timestamped logs, and proof-of-work. The professor also covers unspent transcation output (UTXO).
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MIT 15.S12 Blockchain and Money, Fall 2018
Instructor: Prof. Gary Gensler, Prof. Lawrence Lessig
View the complete course: https://ocw.mit.edu/15-S12F18
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
This session covers smart contracts, blockchain design, DApps, and tokens. Harvard professor Lawrence Lessig explains the legal issues of smart contracts.
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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 covers technical challenges to blockchain technology, such as scalability, privacy, security, and interoperability.
License: Creative Commons BY-NC-SA
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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
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
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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
In this lecture, Prof. Gensler discusses permissioned or private distributed ledger technology.
License: Creative Commons BY-NC-SA
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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 describes three aspects of finance: financial institutions, regulation, and technology. Also covered is risk management and opportunities in the blockchain field.
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MIT 15.S12 Blockchain and Money, Fall 2018
Instructor: Prof. Gary Gensler, Rob Gensler
View the complete course: https://ocw.mit.edu/15-S12F18
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
In this video, Prof. Gary Gensler discusses the economics of blockchain, blockchain vs. the Internet, blockchain minimalists, and costs and trade-offs.
License: Creative Commons BY-NC-SA
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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
In this lecture, Prof. Gensler talks about how to assess the costs and benefits of any potential use cases.
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MIT 15.S12 Blockchain and Money, Fall 2018
Instructor: Prof. Gary Gensler, Alin Dragos
View the complete course: https://ocw.mit.edu/15-S12F18
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
Prof. Gensler discusses major trends in payment systems, lessons that can be learned from non-blockchain payment innovations, and the challenges and opportunities in current payment system architecture.
License: Creative Commons BY-NC-SA
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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
In this video, Prof. Gensler discusses the lessons that can be drawn from the challenges of blockchain-related payment applications. Other topics include cross-border payments, and permissioned vs. permissionless applications.
License: Creative Commons BY-NC-SA
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MIT 15.S12 Blockchain and Money, Fall 2018
Instructor: Prof. Gary Gensler, Robleh Ali
View the complete course: https://ocw.mit.edu/15-S12F18
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
In this lecture, the class discusses a number of topics related to central banking, including fiat currencies, how central banks approach blockchain technology, and payment systems and different blockchain initiatives.
License: Creative Commons BY-NC-SA
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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
Prof. Gary Gensler continues the discussion about central banks and commercial banking by talking about private banknotes and stable value tokens, and central bank digital currency.
License: Creative Commons BY-NC-SA
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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
Prof. Gensler talks about crypto-exchange, while not directly an application of blockchain technology, is a major part of the crypto-finance ecosystem.
License: Creative Commons BY-NC-SA
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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
Prof. Gensler talks about crowdfunding with Initial Coin Offerings (ICOs) as well as the characterstics and evaluation of ICOs.
License: Creative Commons BY-NC-SA
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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
Prof. Gensler gives a second talk about Initial Coin Offerings (ICOs), focusing on the markets and regulations for ICOs.
License: Creative Commons BY-NC-SA
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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
Prof. Gensler leads a discussion on clearing and settlement systems, blockchain technology applicability, and blockchain technology projects.
License: Creative Commons BY-NC-SA
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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
Prof. Gensler explores trade finance, its attributes, and the significant activity of blockchain technology behind it.
License: Creative Commons BY-NC-SA
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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
Prof. Gensler speaks about identity and access management, how identity management works in a digital age, state projects in India and Estonia, and some blockchain projects in the private sector.
License: Creative Commons BY-NC-SA
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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
Prof. Gensler gives an overview of the class, touching on money and ledgers, the economics of blockchain technology, financial sector opportunities, crypto finance, and public policy.
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Lecture 6: Vision 2 Instructor: John Gabrieli View the complete course: http://ocw.mit.edu/9-00SCS11 License: Creative Commons BY-NC-SA
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