He's so good at dissecting students' questions and addressing the core ask. I really like this guy.
@amidworkin3 жыл бұрын
Always brilliant and now the chairman of the SEC. His opinions matter.
@marlonhopeton5743 жыл бұрын
I prefer his brother
@roilhead3 жыл бұрын
But can't give a straight answer to crypto companies and exchanges about what the rules are despite being asked repeatly. Yeah great teacher... then starts at the SEC and he's not a great teacher???
@farsyds3 жыл бұрын
@@roilhead I'm sure you could have done a better job.
@roilhead3 жыл бұрын
@@farsyds Guess you haven't heard that your mentor was funded by Epstein and when the scandle came out further funds from Epstein were then presented as 'donations'. The lectures that GG made were funded by Epstein and his pedo money... How about them apples. Who's the teacher now.....!!!
@priyakhare95972 жыл бұрын
great session , Happy birthday to Gary , love his teaching style , all the previous class teachings he has consolidated so well in this session .
@prula3 жыл бұрын
In the future there will be payments between machines. For Example, a self driving car, will refuel automatically at a fueling station. To create a safe and trusted record of what happend, a blockchain ledger of actions would be useful, for example "car xyz arrived at 2:30. car xyz bought 10kwh, car xyz left station at 2:45" so if anything goes wrong, there would be immutable proof, who or what would be involved in the problem.?! Just an idea!
@RegularAlien1003 жыл бұрын
A transaction ledger indeed!
@pogchamp94463 жыл бұрын
Damn. Mind blown
@TheTacoReview3 жыл бұрын
That has already happened and it failed because of competition among fuel retailers and systems. There’s not a compelling case to automate that transaction
@gregorysanchez69032 жыл бұрын
Don't give away business secrets
@buildlackey Жыл бұрын
@gregorysanchez6903 Why not? if one gets satisfaction or joy out of sharing ideas Why deny such person that satisfaction? Not Everyone has the. Same Values..
@andrewl75763 жыл бұрын
Gary Gensler, you are a great prof.and an incredibly amicable person. Great lectures. Congrats on your appointment to the Biden administration.
@NazriB2 жыл бұрын
Lies again? Serie A Leader
@vickycruz7380 Жыл бұрын
Vicky Angelique Cruz 💵
@brendanriordan38413 жыл бұрын
Happy birthday Gary!
@ryoh46072 жыл бұрын
this guy was ahead of his time. in 2018 hes talking about trends that are just manifesting right now: composability, scalability, zero knowledge proofs, etc....so much alpha here
@trent7973 жыл бұрын
I definitely liked the "Letter to Jamie Dimon" pdf. If I had to explain crypto to someone who didn't understand it, I would send them that PDF.
@kingdomovies3 жыл бұрын
at 32:20 Gary looks so happy listening to the question and he asks for clarification at 32:24 and the student ignores him and keeps going and Gary's confused ass face afterwards at 32:28 cracked me up so hard
@tmnleggy86653 жыл бұрын
Im surprised nobody brought up autonomy and how blockchain will be the stepping stone to create a autonomous world. We live in a world filled with algorithms that were addicted to. Now we have an algorithm for money. I don't think people understand how valuable this is. Nature is an algorithm.
@roilhead3 жыл бұрын
Gary wants to stop Crypto, not promote it's use case.
@nhaake2 жыл бұрын
@@roilhead i don't think that is the case. This guy is way way to educated and interested in blockchain . I don't think it was an accident he got the sec job. I think he is going after xrp because they are the wrong side of this battle. Almost like two sides of elites fighting for control. Seems xrp is on the other side. Which side is better for us ? Probably neither but ...or this is a way to delay xrp until it's the right time
@kegomania3 жыл бұрын
This conversation is so important to the future that I feel Gary and these students must reconvene to do this lecture again.
@sachinagrawal58032 жыл бұрын
Kudos Gary, for delivering such a great course and happy birthday. And thank you MIT OCW for making this course available. Takes me back to my own LBS Sloan days!
@apkidlafirm5223 жыл бұрын
Great lectures thumbs up for Prof. Gensler :) wish amazing gift of explanation on both him and his brother, very generous of mit to share these :)
@roilhead3 жыл бұрын
But despite repeatly being asked by numours parties he will not give a straight answer to their questions and takes them to court.
@xxxxxjjjjj623 жыл бұрын
Subprime debt amounted to 2.3T before the financial crisis when the us stock market has a value of 29T, now with a 50T equity market we just need crypocoin market value to reach 4T to create a financial crisis to the magnitude of 2008. every several years the Wall Street will come up something that bring havoc to the world, you can argue bitcoin is not created by Wall Street, but securitization of bitcoin greatly facilitate it. Mr. Gensler now that you are the Chair of SEC, it is time for you to do something for this country, saving the Great America from another financial crisis.
@austinmeek24112 жыл бұрын
Is there a way to see what these students came up with for their use cases and final project submissions?
@mitocw2 жыл бұрын
We do not have the student projects for publication. What materials we do have available is on MIT OpenCourseWare at: ocw.mit.edu/15-S12F18. Best wishes on your studies!
@prula3 жыл бұрын
The last question was poorly answered. The miners get newly minted BTC as reward + Fees. Every transaction hast to be paid with a small amount of Satoshis. In the year 2140, when the last BTC is minted, the miners will still receive the fees, which by then should be incentive enough, to keep on mining.
@RenatoMelloSF3 жыл бұрын
but then couldn't the fees be so high that isn't worth transacting in BTC?
@prula3 жыл бұрын
@@RenatoMelloSF Germany repatriated their gold from the us recently. It cost severally million and took 2 years. If btc transaction costs rise to $1000 it world still have been thousand times cheaper and faster. Also you have 2nd Layer Solutions like Lightning. But Few wants to buy coffee with btc!
@raman86093 жыл бұрын
@@RenatoMelloSF Btc will more be like store of Value. More holders will be there hopefully.
@centaliu14 жыл бұрын
Can we amend the append-only log by adding another item to the log?
@carloslope1594 жыл бұрын
No, once it has been mined and published under consensus there is no change to the log (block or record)
@j.abbass50612 жыл бұрын
Great lectures - so interesting.
@brainstormingsharing13093 жыл бұрын
Absolutely well done and definitely keep it up!!! 👍👍👍👍👍👍👍👍
@andreasandr33633 жыл бұрын
Does anyone know how we get the readings ?
@mitocw3 жыл бұрын
See the Readings section on MIT OpenCourseWare at: ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/readings/. Best wishes on your studies!
@andreasandr33633 жыл бұрын
@@mitocw Thank you , i really appreciate it
@boardvision113 жыл бұрын
@@mitocw Thank you!
@tcooksey19722 жыл бұрын
Loved this lecture. Thank you Gary Gensler!
@malwandlarikhotso3 жыл бұрын
Wish I had found this sooner. Great presentation.
@tyleradams95452 жыл бұрын
A video of Gary Gensler actually doing his job?
@pavoutsinas3 жыл бұрын
@Prof. Gary Gensler - What are your thoughts on the Chia Project (XCH) and their use of proof of time and space to bridge the gap and provide infrastructure and security needed for mainstream use of a decentralized blockchain to make digital currencies viable in real world use cases? *Full disclosure I have 3.5 Petabytes of hard disk space I am dedicating to the infrastructure of Chia.
@pavoutsinas2 жыл бұрын
@Ben Palaskas I thought it would destroy SSD's also. After plotting almost 4PiB I can say that all the SSD's are still working. I have 3,200 TBW written on some and they still pass tests and function 100%
@DocDanTheGuitarMan3 жыл бұрын
Could autonomous AI driven avatars that truly and reliably represent their human interests solve the collective action problem?
@julkiewitz3 жыл бұрын
Reliably representing human interests is one of the hardest problems in artificial intelligence, arguably harder than actually developing GAIs - general-purpose AIs. So it's kind of like solving a hard problem assuming you already somehow have a solution to an orders of magnitude harder problem.
@snaggythethird20132 жыл бұрын
It’s interesting to me how evident the concept of unconscious bias gets when the class discusses the necessity of censorship. Of course from the security and comfortability of our western view this seems like something that only criminals would want. Luckily we live in mostly stable countries with stable governments and economies. But what if we change our point of view for once to that of people who live under suppressive regimes? Regimes that can shut down access to your own money? Might seem like an exaggerated scenario to us, but African and South American population might widely disagree with our view on the necessity of censorhsip
@AB60805210 ай бұрын
People are using the terms, 7 transactions per second for Bitcoin and etc. As somebody that likes physical chemistry, this is really heinous (even though everyone does it). How many unique instances of Bitcoin are running on the web? 1. So that term would suggest, the 1 bitcoin network is processing transactions linearly in time, 7 per second, which means that Bitcoin will never catch up, and if you turned it off, it would still be processing transactions until the year 4000. Doesn't it make more sense to say, a transaction on Bitcoin takes approximately 1/7 seconds?
@UNLTDvision2 жыл бұрын
He remembered one dude by his name in beginning who understood outside of themselves and remembered everything else built on "censorship resistance" because none of them understood the point of what that phrase means. If you give one a rule, u must give all. That includes the resistance of resistance. Their are levels of resitstance so which turns later into understanding when you get to decentralization. the majority who was debating a singular point. quite odd of. hope that makes sense to at leas 1 person. and he
@samferrer2 жыл бұрын
I don't get the argument about the bank going away. The role of the bank is primarily to store value ... then everything got screwed up ... banks (of any nature) are not going away ...
@CarlosMartinez-lx1bl2 жыл бұрын
If they are found corrupt (witch a lot will be as i write this) they will go away.
@samferrer2 жыл бұрын
The permissionless concept kind of make no sense, since any system is embedded into a bigger one, where a structure of permission is needed ...
@GR-gk8dh3 жыл бұрын
23:00
@michaels82973 жыл бұрын
store police dash cam footage on a blockchain
@OnlyEirik3 жыл бұрын
1:11:50 Lecture 12. and he didnt even read the whitepaper...
@joshnengi4 жыл бұрын
Good class, Prof. How does one get the readings? Like the five page article listing use cases you mentioned in the last quarter of the lecture? Thanks
@joshnengi4 жыл бұрын
@@wathomemalinda thank you.
@bariswheel3 жыл бұрын
@@wathomemalinda thank you kindly!
@neilspencer68433 жыл бұрын
@@bariswheel I cannot see the persons comment but how do I view the readings also?
@campusseoul Жыл бұрын
I see MIT Sloan Management Review at Barnes & Noble.
@merrick80003 жыл бұрын
Jacked to the tits seeing Gary beloved by his students. Lot of people counting on him in the year 2021
@BANYAT_W3 жыл бұрын
Thank you
@alexkorm113 жыл бұрын
Lecture on use cases of bitcoin, and only 67k views lol
@DocMatthews03113 жыл бұрын
Gary is awesome
@Mondegreen20203 жыл бұрын
I thought Gensler was single just a few lectures ago, now he's got a girlfriend. He moves faster on women than he does on wrecking Ripple and Coinbase.
@digitalperplexities Жыл бұрын
Comment of the day, hello from the future, not sure how his dating is going but his suing Ripple is still ongoing... 😂
@benjaminkaarst3 жыл бұрын
Brodish needs to just listen.
@santizd3 жыл бұрын
This class is better in speed 1.25, thank me later
@mresilient16412 жыл бұрын
XRP is a digital currency
@lawniczakjohn Жыл бұрын
If you are watching all the lectures in order, you could skip this one, as this is the most boring and doesn't present anything new, especially given the date.
@joeyreddick60362 жыл бұрын
no form of money is decentralized
@scottmorgan67692 жыл бұрын
this guy has earned 3 million plus from crypto!! now he wants to starve everyone of his success, ill be you're huckleberry Gentler,
@joeyreddick60362 жыл бұрын
my data mckinsey uses
@AnonymousanonymousA2 жыл бұрын
BUUUUUU SHIIIIIIIIII
@milosmastilovic96403 жыл бұрын
You got a fast call after you talked about the 2 opportunities.. lol
@joeyreddick60362 жыл бұрын
not if your the the first person to bring bitcoin to blockchain
@joeyreddick60362 жыл бұрын
censor heavily i am
@morganacin2 ай бұрын
I�m excited to see what innovations come next in the crypto space.