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!
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.
Best of luck in your career man! The fact that you're smart enough to know how powerful the internet is and have the will to utilize it, you're already doing better than most
What a wonderful times we live in! I am poor person from Uganda, I have to drink from the puddles and eat from gutters, but thanks to amazing people from MIT and RU-vid I can basically graduate from MIT and became a crypto developer! THANK YOU FROM AFRICA!!!!
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
Well, you can catch a Lecture, possibly a few different lectures, which I agree is Awesome! Any info, especially free info, extra Especially really good free info... Is ALWAYS welcomed and sincerely appreciated. However, it is definitely lacking compared to taking the class for real. You miss other things like tests, mid terms and finals... All are a Pain in the ass, however it accounts for a significant amount of the information a student will aquire, as the average student will spend 2-3 times the amount of time studying for Mid-terms and Finals, than the average study period. Which accounts for about 1/3 of the information learned in the class. Also, we don't have the benefit of the assigned Texts or Syllabus (if he assigns one.. though there's probably not much reading for this class).
@@blahblah6497 Visit the course MIT OpenCourseWare for the Syllabus and a list of Readings at: ocw.mit.edu/15-S12F18. We try to get other materials from the instructors (like exams). We publish what they are willing to give us. Best wishes on your studies!
@@vladyslavbandrovsky9202 i don't think so, usually to receive a certificate or diploma you would need someone to verify your work = someone needs to get paid. Not sure if there is a possibility to sign up for a paid online course
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!!
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.
thats what happens when you care more about the world becoming more educated versus keeping an old boys club of information to centralize information and profits.
@@TK-gd9td They get the best and the brightest without effort anyway, i.e., even if they gave most or all of their lectures away for free, young people and professors alike would still be lining up to join MIT
A year after viewing this course and the FTC, SVB and Credit Suisse failures, I have retained the following. 1. A distributed accounting ledger is created that does not require a central responsible owner. 2. An system of creating an increasing but limited number of tokens allows users to agree on value through a market, so it can be used as money, a store of value and a medium of exchange. 3. Combining these two allows the creation of competing systems that may have the promise of lower transaction costs and perhaps less government control than other forms of tender. 3. In it's infancy, significant challenges remain. I term these infancy risk, promise risk and unknowns risk.
It’s interesting going back to this video to see Prof Gensler talk about financial sector problems and blockchain opportunities and now see all crypto lending platforms and exchanges that participate in staking under fire. Oh, don’t forget XRP too.
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!
I love how this guy brought up transactions/s. A lot of newbie crypto investors make the mistake of FOMO'ing into Bitcoin or Ethereum when there are cryptocurrencies like Cardano that far surpass them in transaction load. There's still so much to discover about crypto, man I'm fired up! Great lecture on blockchain for beginners
It's such an amazing video to come across. Watching from Nairobi in Kenya, and this type of content.....isn't easy to come across from this side of the continent. Thank you.
This is grace that found me , I'm gonna put my best to understand Blockchain here. indeed distance is no longer barrier. God blessed the people that set up this online class for Blockchain
For those complaining... come on! just turn it off and move on and take your negativity with you. We can poke holes in anybody and anything all day long! THANK YOU MIT- this is extraordinary stuff and production value is HIGH. I appreciate this immensely and feel like I owe Gary some BTC now for lessons. Its great to see the Head of the SEC in academic environment. GREAT CONTENT!
Stunningly Good. If you are new to Blockchain or Crypto and confused (don’t understand how it thinks) watch this! Over and over until you catch it. Different but not that complicated.
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
I hope Mr. Gensler keeps his intellectual integrity and not let the politics kill crypto currencies. Blockchain and blockchain enabled ecosystem are still in its early stage. Yes there will be fraud and failures, but what makes USA a leader is the tolerance of new things.
13 years and no use cases beyond offering financial products that are regulation free. At what point can we say we're not in the early stages and that the window to prove usefulness has closed?
Appreciate the interaction between the students and the professor in order to set up his slide. This is something that seems to be common place in US higher education. It keeps the course lively. Here in the EU, many maintain the idea of writing down what you see on a presentation, and having work on slides -> memorize and dig in if you have time. It works but interaction is lacking. Notice how he asks for the first name? These are tiny details that make a difference when you are in the audience. I've been taught by both systems.
I didn't know anything about Mr. Gensler until I heard that he was being nominated to take over the SEC. I'm new to cryptocurrency! I'm impressed with his demeanor, style! and amiable teaching style! I would have loved to have been in some of his classes! After watching this I'm glad that he's now heading up the SEC because we NEED someone who understands money AND cryptocurrencies!
Damn. Now as of today the 10,000 pizzas is 348M. Continues to prove its value year after year. Such an amazing video. This professor is incredible. So much information. Thanks!
This is great. i didn't have the grades for MIT back in the day, but it is nice to be able to have access to some of the educational experiences. Thank you!
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!!
BTC was like 14K$ in 2018. I started mining BTC in 2011, and it was so much more easy to mine, at lower cost. Ok, I am not a big PHD, people laughing at me in 2011 saying I waste my time. Now, really hard to make many in the US right due to the Electricity Cost and Algorithm to resolve. This is like 7-8 years late when this speech was made. :-( Well, at least, it's good they share this on the web. Good listening all.
I think my expert IT experience is good to share with students and people around. It's a part of education to listen experienced guys. Don't delete my comment please. Crypto is good, but we need to manage electricity cost, hardware, decaying and many other thing: not just possible profit. Thanks MIT.
2 года назад
It’s so enjoyable to listen to this professor, he has great speech skills
I stumbled on this by accident, Mr. Gensler himself lecturing computer engineers, mind blowing. We’re in good hands finally, crypto enthusiasts...i feel like he’s talking about xrp!!! #xrp0doubt
Quand un professeur a une hauteur de vue, ses cours deviennent de suite très agréables. Il y a aussi le fait qu’il ne mette pas de barrière avec ses étudiants et souhaite leur participation 👌😌
@@lindavaca3321 If you still want a translation : When a professor have a good overall view his course become instantly very pleasant. There's also the fact that he don't put barricade with his students and is happy to make them participate
This is absolutely astounding that MIT can tap the Chairman of the SEC to teach Blockchain to kids (who are undoubtedly clever, but don't seem to know what 'Finance' is , or 'http', or 'how do we form up for the group assignment'). What an amazing lecturer!
I hope it's obvious to those watching this video that Gary Gensler is absolutely the right man to be running the SEC in 2023. Bitcoin is the Future of Money, freedom money, ethical money, an excellent store of value, an immutable yardstick to measure the world with. Yours Truly, Hugo Liu & Star Heartsong
I hope I get in. I really enjoyed my interview and I always feel so comfortable watching these incredible lessons. I really just SERIOUSLY hope that come next year this is my life.
Internet is liberating education and making it accessible to anyone who wishes to learn, truly, can't believe it though easily! Such high-quality content is accessible to anyone from any corner of the world. These were the privilege of a select few until recent times. Thanks for sharing.
Very impressed with Mr Gensler, he comes across as very competent and his knowledge and understanding of Cryptocurrency & Blockchain has to be good for the industry as he leads out the SEC, don't let us down Mr Gensler!!!
Wow! Are we learning this lecture for free? How cool is this! I mean in few years I am listening about blockchains, crypto, "mathematical puzzles" etc this video has stunned me with such knowledge. Thanks for uploading this video. It's absolutely Gold!
Wow, this is so wonderfully balanced, nuanced, and in-depth. It's really hard to any other source that passes that bar on crypto on YT. It's all either "crypto is god" or "crypto is satan". Kudos to MIT for making this available.
I am so very grateful to have these university courses available for free. For the last few years I've been researching and studying crypto currencies, blockchain, buying, selling, trading, using exchanges as well as all the lingo etc... Just teaching myself. It seems every other youtuber (with a channel on crypto and such) is offering their own form of online courses to purchase for hundreds of dollars and up, and their idea of what is correct and helpful is questionable at best. So this is such a wonderful opportunity for me (and others) to finally get a great education at the university level, on this extremely important subject matter! I'm going to have a very busy rest of the year, who knows I might never stop school! lol. Thank you -
Holy shit!! I accidentally stumbled upon this video last week and I just now realized who he is?!? 😳 No wonder the crypto market is jumpin right now!! 😂 What a time to be alive
If your investing experience is less than 10 years start with 5-6 portfolio. Don't bet big on any single company, learn the process first. Initial diversification is not bad, it really worked for me during my early years. Remember that protection of capital is a must. Good luck.
i am really happy that even the people from the developing country can take course at the MIT. Thank you mit for providing these opportunities to everybody
He's probably against it because of the reasons he stated here, it's still not ready to handle transactions at such a scale even close to what the US economy needs, it's not private, literally anyone can look at what you bought or sold etc.
Nothing surprises me. After all the United States government allowed some jackass to come to United States and pretend to be me when in fact they came to my door and talk to me they know damn well that guy's not me.
@@eyesopen9477 That’s how I see it. Additionally, I don’t see being an exec at Goldman Sachs as a plus for the masses who I believe benefit from [his] permissionless blockchain system. He also mentions speed requirements for the financial system needing to be at least 30,000 transactions/second and BitCoin only allowing for seven (7) transactions/second. XRP is 1500 transactions/second and twice the speed of VISA transactions. I hope he recognizes these important factors. I don’t have my hopes up as his credentials lead me to believe he is more of an Establishment crony than a compatriot. I hope I am proven wrong AND/OR XRP beats him getting confirmed as SEC Chair. I do think this is the case unless he can pull off a magical feat on behalf of the Establishment in the next few months.
This aged extremely well, especially with the US printing money like crazy. And because bitcoin just blowed up and is hovering around $58000 right now.
I'm so grateful that I'm able to study this course from New Delhi, India. This is such an amazing initiative to transfer such great and informative couse on cryptocurrenncy that too ,completely free. Thank you so much. My enjoying it a lot. Prof Gary Gensler made it fun and interesting
I think this is one of the super advantages of going to an elite school, the folks around you are literally advancing and creating the world around the subject. I mean Mr. Gensler is now SEC chairman, another student is literally has a startup while taking the class, MIT created the history of the subject.
This is a very good course! Just wish more people understood the importance blockchain technology solving a lot of the financial issues around the world
I was curious who Gary was since he got sworn in to SEC. I gotta say... I really like his energy... Wish I had had the opportunity to take one of his classes! lucky ducks :)
