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

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MIT OpenCourseWare

MIT OpenCourseWare

Күн бұрын

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@prula
@prula 3 жыл бұрын
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!
@anshuman2089
@anshuman2089 3 жыл бұрын
Welcome to the future.
@calikatsai
@calikatsai 3 жыл бұрын
It’s amazing!
@Soturtz
@Soturtz 3 жыл бұрын
Amazing right? We can also be extra efficient by speeding up the video.
@prula
@prula 3 жыл бұрын
@@Soturtz and also, I can go back a few seconds, if I didn't get it right.. I love it!
@JiancongXie
@JiancongXie 3 жыл бұрын
Knowledge is becoming more pervasive. So what's the difference between a MIT registered student and the learner online? Only diploma?
@RooseveltCoopling
@RooseveltCoopling 3 жыл бұрын
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.
@vishakhashukla2985
@vishakhashukla2985 2 жыл бұрын
Man seeing this stuff makes me happy.
@HarshvardhanKanthode
@HarshvardhanKanthode 2 жыл бұрын
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
@avy1
@avy1 2 жыл бұрын
MIT and top universities in the US in general have some of the best financial aid in the world. Don't let money stop you.
@rhinoskin7550
@rhinoskin7550 Жыл бұрын
You have fantastic English! My goodness.
@Ss-zg3yj
@Ss-zg3yj Жыл бұрын
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 KZbin I can basically graduate from MIT and became a crypto developer! THANK YOU FROM AFRICA!!!!
@DanielBarryHQ
@DanielBarryHQ 3 жыл бұрын
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
@michaelbonhomme1560
@michaelbonhomme1560 3 жыл бұрын
Thank You
@philosophy20
@philosophy20 3 жыл бұрын
🐐🐐🐐
@MrAkpayne
@MrAkpayne 3 жыл бұрын
Thank you kind sir
@mariamfirdous8456
@mariamfirdous8456 3 жыл бұрын
Ty this realy helpful
@DApice135
@DApice135 3 жыл бұрын
21:00 bought 2 pizza for 10,000 BTC now worth 581,233,144.24 USD. Let's see how this ages in the years to come.
@ardaucuncu3
@ardaucuncu3 3 жыл бұрын
I still can not believe I take an entire blockchain course from MIT fo free, unbelievable. I can not thank enough MIT.
@blahblah6497
@blahblah6497 3 жыл бұрын
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).
@mitocw
@mitocw 3 жыл бұрын
@@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!
@78anurag
@78anurag 3 жыл бұрын
@@vladyslavbandrovsky9202 No, the terms of MIT courseware say that knowledge I your reward, you won't be given any credit or degree
@BlazRa
@BlazRa 3 жыл бұрын
@@vladyslavbandrovsky9202 fuck a diploma just start something and make your own money
@valiente4153
@valiente4153 3 жыл бұрын
@@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
@CuriousJet
@CuriousJet 3 жыл бұрын
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.
@TK-gd9td
@TK-gd9td 3 жыл бұрын
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.
@elayaba
@elayaba 2 жыл бұрын
what course is this
@tobyforstater7046
@tobyforstater7046 2 жыл бұрын
Right? Lol I wish I saw it then, id be set. But I'm glad I have it now
@ultrajayme
@ultrajayme 2 жыл бұрын
When you consider what this class cost this student body.
@MA-ck4wu
@MA-ck4wu 2 жыл бұрын
@@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
@puneet12july
@puneet12july 3 жыл бұрын
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!!
@MrWubwub
@MrWubwub 3 жыл бұрын
Knowledge is free always has been. I guess with the amount of ego that won’t allow free thought to happen that’s another whole thing
@YASHWANTH25691
@YASHWANTH25691 3 жыл бұрын
a lot of quality universities are offering free courses helping many people arounfd the world.
@S4V0LAEN3N
@S4V0LAEN3N 2 жыл бұрын
There is no free lunches. If you think otherwise... YOU are the lunch.
@rigobertosolorzano8568
@rigobertosolorzano8568 3 жыл бұрын
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
@TRLgoodvibesdotcom
@TRLgoodvibesdotcom 3 жыл бұрын
♻️
@uranuss
@uranuss 3 жыл бұрын
he kept mentioning the name 'Elon' 44:40 if I didn't hear wrong, is that the Tesla guy Elon?
@CamoflagedTumbleweed
@CamoflagedTumbleweed 3 жыл бұрын
And “Larry” is also a professor from Harvard attending his course so that’s a pretty good recommendation the course is worthwhile. 🥦🦖
@maxmillion9826
@maxmillion9826 3 жыл бұрын
@@uranuss no different guy he’s talking bout the owner of toys R us Elon Tusk
@douglasssmith3078
@douglasssmith3078 3 жыл бұрын
What time stamp is that?
@mustafapeker9434
@mustafapeker9434 3 жыл бұрын
I felt like I am in the room. How grateful I am for encountering this channel. Many thanks to MIT and Gary Gensler.
@_kanyeWest
@_kanyeWest 3 жыл бұрын
Fun Fact: This professor got sworn in today as the SEC chairman. pretty cool
@robosaxophone
@robosaxophone 3 жыл бұрын
Happy Bitcoin Pizza day!
@ricardoVAPR
@ricardoVAPR 3 жыл бұрын
That is awesome!!
@apoorvaumap9243
@apoorvaumap9243 3 жыл бұрын
Thank you for this fun fact.
@restinpeacekobe2411
@restinpeacekobe2411 3 жыл бұрын
HES SO COOL. !!!!!!!!!!!
@shajanmiah5063
@shajanmiah5063 3 жыл бұрын
That's gotta be huge for crypto
@donparmesan1012
@donparmesan1012 2 жыл бұрын
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!
@scientistsrpeople2979
@scientistsrpeople2979 2 жыл бұрын
An MIT education is the absolute best education money can buy. Honored to have my undergrad degree.
@hodldemsatoshis3186
@hodldemsatoshis3186 3 жыл бұрын
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.
@innominatesoloist1597
@innominatesoloist1597 2 жыл бұрын
Lots of love from Nepal for making this level of quality education free of cost.....It enlightens the soul of plenty of underprivileged students
@samuelmontypython8381
@samuelmontypython8381 3 жыл бұрын
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
@dreamworld_me
@dreamworld_me 5 ай бұрын
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
@actingactor6915
@actingactor6915 3 жыл бұрын
This is probably one of the most important lectures for everyone to see.
@dennisperez2799
@dennisperez2799 3 жыл бұрын
You could be watching TV 📺 ,but instead you are here , so if you found this channel , you at the right place, I stayed thru the whole 1:02:03 👍
@UrbanCraftTv
@UrbanCraftTv 3 жыл бұрын
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.
@kilis3804
@kilis3804 3 жыл бұрын
I wish I had a teacher like Gensler. Easy to absorb, concise, follow thru, topics etc ... excellent.
@JFTHAGREAT
@JFTHAGREAT 3 жыл бұрын
Im barely a high school graduate now I’m taking courses at MIT. #KnowledgeisPower
@marlinshanklin1855
@marlinshanklin1855 3 жыл бұрын
Keep watching videos like this and you'll have a education for free.
@nishthasethi1567
@nishthasethi1567 3 жыл бұрын
@MrSamdogz
@MrSamdogz 3 жыл бұрын
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...
@laro802
@laro802 3 жыл бұрын
sounds like you are using the wrong tools
@paulm6081
@paulm6081 3 жыл бұрын
Good question. Lmk if anyone answers it for you
@Dogeyess
@Dogeyess 3 жыл бұрын
Exactly...
@leggobeasty
@leggobeasty 3 жыл бұрын
because you didn't get in to MIT?
@LA-eq4mm
@LA-eq4mm 3 жыл бұрын
and you can’t get called on
@richardshi1896
@richardshi1896 3 жыл бұрын
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.
@moodynoob
@moodynoob 2 жыл бұрын
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?
@JoeBidenFanclub99
@JoeBidenFanclub99 3 жыл бұрын
Who’s here after Gary is trying to regulate tf out of cryptocurrency?
@BlockchainShango
@BlockchainShango 3 жыл бұрын
*slowly raises hand*
@zabik7221
@zabik7221 3 жыл бұрын
Me!!!
@michaeltiller694
@michaeltiller694 3 жыл бұрын
I am here to see Secretary in his formative years.
@muhammadm4582
@muhammadm4582 3 жыл бұрын
🤣
@silversurfer8552
@silversurfer8552 3 жыл бұрын
yep
@davethompson5899
@davethompson5899 3 жыл бұрын
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!
@malluk4127
@malluk4127 3 жыл бұрын
Really happy we have a extremely smart person like Gary heading the SEC in these times. Good luck Gary.
@pranavjulakanti7027
@pranavjulakanti7027 3 жыл бұрын
@A E You are using populist catchall terms. If you are going to criticize Gary please be specific.
@TheCoresteps
@TheCoresteps 3 жыл бұрын
Absolutely. Fully in agreement
@tarsierontherun
@tarsierontherun 3 жыл бұрын
Famous last words
@garylabrador
@garylabrador 3 жыл бұрын
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!
@Ali_Crypto30
@Ali_Crypto30 Жыл бұрын
What do you think about of him now?
@SC-do8mo
@SC-do8mo 3 жыл бұрын
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.
@Garrettm31
@Garrettm31 3 жыл бұрын
In many US class there is a focus on discussion and is considered a better class when students are more interactive
@pembadorji5445
@pembadorji5445 10 ай бұрын
Who knew one day Gary would be the one approving spot Bitcoin ETF
@BlockchainShango
@BlockchainShango 3 жыл бұрын
Interesting insights. I’m here both because of his public appearances to regulate crypto and to just learn where he stood at one time.
@jvandervest2578
@jvandervest2578 3 жыл бұрын
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!
@211nale
@211nale 3 жыл бұрын
Finally a head of the SEC who sees the future ☺ wish I had a professor like him.
@cauebraga
@cauebraga 3 жыл бұрын
I'm so thankful to be able to study this course online, here from Brazil. Thank you so much, MIT.
@tobyforstater7046
@tobyforstater7046 2 жыл бұрын
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
@vornvuthy
@vornvuthy 2 жыл бұрын
Who else are watching this at the end of 2022? I'm so grateful for this video and opportunity.
@KW-md1bq
@KW-md1bq 3 жыл бұрын
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!
@lilithli6560
@lilithli6560 3 жыл бұрын
I believe that the return of any investment is directly proportional to the risk, so I prefer to choose projects with low risk
@akashkakati2860
@akashkakati2860 3 жыл бұрын
He became chairman 3 years after this lecture. MIT didn't 'tap' the chairman.
@alanargotte9362
@alanargotte9362 3 жыл бұрын
No way. This channel just has everything! Thank you so much for having this content for free and for the world
@SamvadSoul
@SamvadSoul 3 жыл бұрын
Thank you MIT for having a lecture free. It is a aspiration for all young tech savvy Indians to be part of MIT
@DennisSmithGrandCayman
@DennisSmithGrandCayman 3 жыл бұрын
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.
@emekasylvester714
@emekasylvester714 3 жыл бұрын
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
@MJ_Vuk
@MJ_Vuk 3 жыл бұрын
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.
@rp3875
@rp3875 4 жыл бұрын
Wow...thanks for sharing! Can’t thank MIT enough for generously sharing such amazing series!
@RickyB256
@RickyB256 3 жыл бұрын
I just played this out loud so my parents would think I'm still in class. Got my one hour nap in. Thanks!
@demondlinsey2053
@demondlinsey2053 3 жыл бұрын
😂😂😂 Genuis
@xiaowen2093
@xiaowen2093 3 жыл бұрын
😂😂
@treydurbin5499
@treydurbin5499 3 жыл бұрын
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!
@sudhirpatil3434
@sudhirpatil3434 3 жыл бұрын
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!!
@MichelBlackburn
@MichelBlackburn 3 жыл бұрын
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.
@MichelBlackburn
@MichelBlackburn 3 жыл бұрын
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.
@SHASHA-de2wp
@SHASHA-de2wp 3 жыл бұрын
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
@lindavaca3321 3 жыл бұрын
Why you gotta be writing comments in French and really be making me use my brain?! By the way, a good and clear translation would be nice.
@Cappuchettey13
@Cappuchettey13 2 жыл бұрын
@@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
@AaryyanVivek
@AaryyanVivek 3 жыл бұрын
I can't believe the chairman of SEC is teaching us here! Thats crazy!
@lilithli6560
@lilithli6560 3 жыл бұрын
Thanks MIT for the course. Welcome to Kenya, the motherland of mobile mobile
@anthoniolopez1635
@anthoniolopez1635 3 жыл бұрын
Doubt kills more dreams than failure ever will.
@BlazRa
@BlazRa 3 жыл бұрын
You never regret trying something you always regret not trying something
@michaelallen3304
@michaelallen3304 3 жыл бұрын
Damn. Getting hit with some real shit in the MIT KZbin video comment section. 🤔
@patricklucas8008
@patricklucas8008 3 жыл бұрын
This guy seems like the real deal.. he is going to change things for our financial system
@buzzpedrotti5401
@buzzpedrotti5401 Жыл бұрын
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.
@bidnethdan124
@bidnethdan124 3 жыл бұрын
I'm learning Blockchain from the Chairman of the SEC
@aquaphazed
@aquaphazed 3 жыл бұрын
Amazing that this content is available for free. What a time to be alive!
@tirthadutt
@tirthadutt 3 жыл бұрын
My first class in MIT!! This is great, thank you Internet! This makes a case for crypto. Crypto in 2021 is what Internet was in 1980s. Be wise.
@DeepakSingh-uf5vv
@DeepakSingh-uf5vv 3 жыл бұрын
No money can buy you such great teachers and course...it's just possible with MIT, thankyou so much.
2 жыл бұрын
It’s so enjoyable to listen to this professor, he has great speech skills
@djskooda
@djskooda 3 жыл бұрын
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
@evelynemonroe3139
@evelynemonroe3139 3 жыл бұрын
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 :)
@TheSocialDrone
@TheSocialDrone 3 жыл бұрын
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.
@fielpaner8715
@fielpaner8715 3 жыл бұрын
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
@drno3391
@drno3391 3 жыл бұрын
At 38:25 he reveals Robinhood commercializing the order flow of the little guys... forgot to say : "to a darkpool so they can front run your with HFT and shaft you hard"
@ivan200804
@ivan200804 3 жыл бұрын
I disabled the gold account, now I have to transfer it to a proper brokarage. Thank you for reminding me!
@julkiewitz
@julkiewitz 2 жыл бұрын
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.
@zcnzkqvxkj9922
@zcnzkqvxkj9922 2 жыл бұрын
能免费感受这些知识,这是不错的,目前加密货币正处于暴跌状态,目前不适合做长期交易,可以根据节点来判断做多或做空来继续长期或者短期交易
@allahknowsthebestway
@allahknowsthebestway 3 жыл бұрын
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.
@danielgray9d9
@danielgray9d9 3 жыл бұрын
58k? Watch this >>>>> *breaks 63k*
@leaflorence832
@leaflorence832 3 жыл бұрын
Yeah
@papocarmona5683
@papocarmona5683 3 жыл бұрын
Here I am stuck with a ton of counterparty XCP assets, & no Bitcoin!😂
@RicoJr8
@RicoJr8 3 жыл бұрын
Flirting with 70K now
@jasonwhite7226
@jasonwhite7226 2 жыл бұрын
How about now? XRP is the only coin 🪙
@SalesforceUSA
@SalesforceUSA 3 жыл бұрын
I don't know why KZbin recommended this to me, but I stayed for the whole lecture.
@hspatel1799
@hspatel1799 2 жыл бұрын
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.
@OnlyABlemish
@OnlyABlemish 2 жыл бұрын
Fascinating to listen to Gensler lecture in 2018 in light of his more recent comments on crypto in the real world.
@SF-fb6lv
@SF-fb6lv 3 жыл бұрын
20:11: That would be a $472,880,000 pizza delivery right now (4MAR21).
@kaynesheenan
@kaynesheenan 3 жыл бұрын
not bad for a days work
@TheGamingMotionTGM
@TheGamingMotionTGM 3 жыл бұрын
@@kaynesheenan and the value is still growing
@kayligo
@kayligo 3 жыл бұрын
🤯🙀
@kaynesheenan
@kaynesheenan 3 жыл бұрын
Moral of story is to never sell your bitcoin
@chrisalves3410
@chrisalves3410 3 жыл бұрын
That is 556M today-3/10/21
@kproytube
@kproytube 3 жыл бұрын
Damn the sec really changed this man clearly this man is smart enough to understand what is and what isn't a security lmao
@Granite
@Granite 3 жыл бұрын
He has the most thorough understand and is leverage for others to use.
@godlymajins
@godlymajins 3 жыл бұрын
Yup, the Supreme Court uses the Howie test for securities.
@vidzo9996
@vidzo9996 3 жыл бұрын
changed? what he doing now??
@alma9683
@alma9683 Жыл бұрын
@@vidzo9996 nothing lol 😂
@viviangall1786
@viviangall1786 2 жыл бұрын
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.
@Pbg_Gonefishing
@Pbg_Gonefishing 3 жыл бұрын
Potentially one of the most valuable free videos on KZbin.
@Rozco_BKNY
@Rozco_BKNY 3 жыл бұрын
Thank you MIT. Been looking for the best course to teach me about the BC technology. Prof Gary has me hooked.
@frankdashwood9380
@frankdashwood9380 3 жыл бұрын
One thing. @29:00 you start talking about tx throughput capacity. Originally Bitcoin didn't have a limit. It's why Satoshi said "it never reaches full capacity, so there is no need for it to "scale"". Then a bug happened, and the block-size limit was imposed. At one time it appeared to serve a positive function, but since 2015 it's been a hindrance, as the hardware capabilities of both individuals, and the internet as a whole have vastly improved since 2010 when the limit was first introduced. If the miners were ever wise enough to hard-fork Bitcoin into a version that doesn't have a block-size limit, the transaction throughput capacity would become your bandwidth capacity, tx fees would fall through the floor, and it would be profitable for far more people to mine.
@Cappuchettey13
@Cappuchettey13 2 жыл бұрын
I think you don't get that increasing block size harm the decentralization of the protocol because less and less people can run a node as a result of more Hard drive disk space required so the network as a whole become more fragile and prone to attack and censorship
@girizh11
@girizh11 3 жыл бұрын
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!
@Jane.Doe.
@Jane.Doe. 3 жыл бұрын
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 -
@virgotekcomputer
@virgotekcomputer 2 жыл бұрын
Every Ministry of finance should learn blockchain from this video.
@politicallycrypto
@politicallycrypto Жыл бұрын
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
@MrElhamrocks
@MrElhamrocks 3 жыл бұрын
That pizza transaction would be worth about 500million today!! Insane!!!
@Dasrecord
@Dasrecord 3 жыл бұрын
@Northern Wealth Anarchy Perimeter ₿ullish
@Ulyssestnt
@Ulyssestnt 3 жыл бұрын
500 million on paper, probably far less if attempted realized into fiat currency/real money
@WeistarLive
@WeistarLive 3 жыл бұрын
yess now we have ADA and VET
@brandennfinch
@brandennfinch 3 жыл бұрын
@@Ulyssestnt actually it's the opposite 😅
@oiramedanev5526
@oiramedanev5526 3 жыл бұрын
I lost so many bitcoins
@paulmarks7185
@paulmarks7185 3 жыл бұрын
Amazing. Being a good teacher/speaker is a gift.
@joshmendes83
@joshmendes83 3 жыл бұрын
It sure is. Gary is exceptional, engaging, and seems like such a nice guy.
@rodr200n
@rodr200n 2 жыл бұрын
Thankyou MIT for the value you give in these free lectures its opened my eyes to bitcoin and world of finance.
@ronvdb60
@ronvdb60 2 жыл бұрын
It's now 2022 and it is still interesting and actual. Thanks for publishing!
@TheDantsu
@TheDantsu 3 жыл бұрын
Gensler is literally the stonks man meme
@momahmood6238
@momahmood6238 4 жыл бұрын
These lectures are brilliant. Please post more like these.
@ChonyiR
@ChonyiR 3 жыл бұрын
🔥 SEC Chairman Gary Gensler! lets gooooooo! 🔥
@akhil2010
@akhil2010 3 жыл бұрын
No one can stop bitcoin now😁
@collin5022
@collin5022 3 жыл бұрын
muhahahah! i was thinking the same thing!!!
@josecardenas8334
@josecardenas8334 3 жыл бұрын
@@akhil2010 Tether would like to say otherwise 👀
@flyhigh4075
@flyhigh4075 3 жыл бұрын
Xrp=currency
@tuckerbugeater
@tuckerbugeater 3 жыл бұрын
I can't wait for the pain. HEHEHEHE
@Anthony99
@Anthony99 3 жыл бұрын
This is what a leader looks like! So glad the US now has competant representation in the SEC.
@bazs7669
@bazs7669 2 жыл бұрын
I have completed four degrees and this guy is probably the best lecturer I’ve ever seen.
@QuantumDivergence
@QuantumDivergence 2 жыл бұрын
Anybody else think it's weird how solid of a position he takes against cryptocurrency? 2 years later.
@user-rc9jf8ng2k
@user-rc9jf8ng2k 2 жыл бұрын
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.
@yraajb7788
@yraajb7788 2 жыл бұрын
Came back from the comments
@SATOSHI.-Nakamoto
@SATOSHI.-Nakamoto 2 жыл бұрын
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.
@pauloshea3741
@pauloshea3741 2 жыл бұрын
No.
@quantumgelato4787
@quantumgelato4787 2 жыл бұрын
Hes against the 19000 unregistered securities on crypto exchanges. Not Bitcoin.
@richardtrethowan2040
@richardtrethowan2040 3 жыл бұрын
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!!!
@stressfree9780
@stressfree9780 3 жыл бұрын
Wow MIT has amazing teachers 👨‍🏫
@TheBitcoinRevolution
@TheBitcoinRevolution 3 жыл бұрын
Fun fact - Michael Saylor, BTC Maximalist, is a MIT graduate. Gensler has a fantastic lecture style.
@denishent8744
@denishent8744 3 жыл бұрын
Thank you Prof. Gary Gensle for saying something quiet important. I am born in Germany, but my Family is from Poland and i am living in Poland since 2013, so i am interested in the history between Poland and Germany since i was a kid. Most poeple say Turing encrypted Enigma, but as you said, the Poles did it and thats important to know, at least for the Poles. Thank you very much for saying that!
@pallikarazdansingh7862
@pallikarazdansingh7862 2 жыл бұрын
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
@jvanrs4928
@jvanrs4928 3 жыл бұрын
This type of content really levels the playing field, Thanks
@jafo4u508
@jafo4u508 3 жыл бұрын
Mr Burns is teaching the course! You know it has to be good.
@mustafaalwan6523
@mustafaalwan6523 3 жыл бұрын
Gensler just enjoying the comment section , this is gonna be gold !
@bigbite9804
@bigbite9804 2 жыл бұрын
This is power of Internet...endless information 👏..I wish I had 1TB memory in my mind to keep all these information
@crazycryptoscad3907
@crazycryptoscad3907 3 жыл бұрын
Anyone else here because the legend that is Michael Saylor suggested it? 🙌
@nk86nk
@nk86nk 3 жыл бұрын
yes :)
@cyberxtrem2581
@cyberxtrem2581 3 жыл бұрын
Yess 🔥🔥
@lindabarron2181
@lindabarron2181 3 жыл бұрын
Yes
@todamoon4226
@todamoon4226 3 жыл бұрын
Yep
@cacktii_
@cacktii_ 3 жыл бұрын
nope
@liamkelly273
@liamkelly273 4 жыл бұрын
I'm going to call bullshit on Tom doing the readings
@_B_K_
@_B_K_ 4 жыл бұрын
Thank you for making these freely available.
@americachillout9386
@americachillout9386 2 жыл бұрын
anyone who doesn’t understand crypto should just watch this intro great lecture
@kking1367
@kking1367 3 жыл бұрын
I love the fact that I know more about crypto/blockchain than M.I.T. students and professors and I never went to college , I took it upon myself to learn about it on my own without paying someone to teach me. I also love the fact that they are now teaching it and people are as eager now as I was to learn about it.
@yaboydiff
@yaboydiff 3 жыл бұрын
Up to?
@standandelivery
@standandelivery 3 жыл бұрын
I think i like Gary. He seems like a good teacher. Hope hes looking out for the plebs.
@aloevera7422
@aloevera7422 3 жыл бұрын
Why not you and me and everyone else? Why defer responsibility to someone else?
@standandelivery
@standandelivery 3 жыл бұрын
@@aloevera7422 hes the currentchair of the SEC. I'm not. You're not.
@eyesopen9477
@eyesopen9477 3 жыл бұрын
He’s there for the big money control. What could possibly make you think otherwise. He was in Clinton’s admin, Obama’s, and now Biden. Wake up
@flexguy07
@flexguy07 3 жыл бұрын
@@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.
@mosestosh7289
@mosestosh7289 3 жыл бұрын
ALL I SEE IS BALLS BALLS BALLS
@Blandyman
@Blandyman 3 жыл бұрын
Wow it took you guys way longer than I thought it would to get some decent Bitcoin content. That being said I'm glad that you did. Perhaps get some more forward-looking thinkers involved at MIT.
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