He's so good at dissecting students' questions and addressing the core ask. I really like this guy.

great session , Happy birthday to Gary , love his teaching style , all the previous class teachings he has consolidated so well in this session .

Gary Gensler, you are a great prof.and an incredibly amicable person. Great lectures. Congrats on your appointment to the Biden administration.

Happy birthday Gary!

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.

Absolutely well done and definitely keep it up!!! 👍👍👍👍👍👍👍👍

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

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 :)

Wish I had found this sooner. Great presentation.

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!

Loved this lecture. Thank you Gary Gensler!

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!

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

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.

Great lectures - so interesting.

This conversation is so important to the future that I feel Gary and these students must reconvene to do this lecture again.

A video of Gary Gensler actually doing his job?

Can we amend the append-only log by adding another item to the log?

Thank you

Is there a way to see what these students came up with for their use cases and final project submissions?

I see MIT Sloan Management Review at Barnes & Noble.

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.

store police dash cam footage on a blockchain

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

Could autonomous AI driven avatars that truly and reliably represent their human interests solve the collective action problem?

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

Does anyone know how we get the readings ?

Gary is awesome

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

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.

Jacked to the tits seeing Gary beloved by his students. Lot of people counting on him in the year 2021

@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.

Lecture on use cases of bitcoin, and only 67k views lol

23:00

The permissionless concept kind of make no sense, since any system is embedded into a bigger one, where a structure of permission is needed ...

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?

1:11:50 Lecture 12. and he didnt even read the whitepaper...

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 ...

my data mckinsey uses

Brodish needs to just listen.

You got a fast call after you talked about the 2 opportunities.. lol

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.

no form of money is decentralized

This class is better in speed 1.25, thank me later

BUUUUUU SHIIIIIIIIII

XRP is a digital currency

censor heavily i am

not if your the the first person to bring bitcoin to blockchain

this guy has earned 3 million plus from crypto!! now he wants to starve everyone of his success, ill be you're huckleberry Gentler,

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.