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Ironically Gary Gensler chair of SEC has one of the best lectures on the fundamentals of money and crypto. Free on YouTube under the MIT's OpenCourseWare channe

Ironically Gary Gensler chair of SEC has one of the best lectures on the fundamentals of money and crypto. Free on YouTube under the MIT's OpenCourseWare channel.

coffeebeqn 4y ago
You can understand crypto and not be a true believer
- cmh89 4y ago
  Most people who understand crypto aren't true believers. The evangelists are generally people with the least amount of information and the most hype.
  - xk_id 4y ago
    This kind of mentality in 2023 verges towards conspiracy theory. It can’t even be proven to be baseless, because it relies on the semantic ambiguity of the phrase “true believer”. It’s really bizarre to see this form of irrational skepticism afflicting a tech person (presumably). Really says a lot about the extent of polarity amplification in society. Almost nobody is spared
    - cmh89 4y ago
      What's irrational about my skepticism exactly?
  - temp2022account 4y ago
    Just here as an anecdata-point, crypto understander (build a really, really dumb blockchain in python during HS) who doesn't think it'll be used for anything beyond a cool new datastructure/verifiable constraint mechanism for relational databases. The coins we see traded today are a short-term jousting match between people who don't know a blockchain from a linked list. You could replace them with an exchange of company coupons/points and see identical market effects.
JackFr 4y ago
Why is that ironic?
keeganj 4y ago
https://www.youtube.com/watch?v=EH6vE97qIP4 https://www.youtube.com/watch?v=EH6vE97qIP4 Or for the full course: https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/ https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall...
paxys 4y ago
Why is it ironic that the head of one of the most important financial bodies in the country knows a good deal about different currencies and currency systems?
- jimmydorry 4y ago
  Because the organisation he heads is deliberately opaque on most things crypto and refuses to engage with companies like Coinbase that are trying to operate in this space.
- Mizoguchi 4y ago
  Because he seemed to me like a nice guy genuinely excited about crypto and blockchain in general. He does touch on the topic of regulations but nothing in his lectures would make you think just a few years later he will be leading the SEC, cracking on crypto exchange companies and pushing on regulations with an iron fist.

Ironically Gary Gensler chair of SEC has one of the best lectures on the fundamentals of money and crypto. Free on YouTube under the MIT's OpenCourseWare channel.

coffeebeqn 4y ago

You can understand crypto and not be a true believer

cmh89 4y ago
Most people who understand crypto aren't true believers. The evangelists are generally people with the least amount of information and the most hype.
- xk_id 4y ago
  This kind of mentality in 2023 verges towards conspiracy theory. It can’t even be proven to be baseless, because it relies on the semantic ambiguity of the phrase “true believer”. It’s really bizarre to see this form of irrational skepticism afflicting a tech person (presumably). Really says a lot about the extent of polarity amplification in society. Almost nobody is spared
  - cmh89 4y ago
    What's irrational about my skepticism exactly?
- temp2022account 4y ago
  Just here as an anecdata-point, crypto understander (build a really, really dumb blockchain in python during HS) who doesn't think it'll be used for anything beyond a cool new datastructure/verifiable constraint mechanism for relational databases. The coins we see traded today are a short-term jousting match between people who don't know a blockchain from a linked list. You could replace them with an exchange of company coupons/points and see identical market effects.

JackFr 4y ago

Why is that ironic?

keeganj 4y ago

https://www.youtube.com/watch?v=EH6vE97qIP4 https://www.youtube.com/watch?v=EH6vE97qIP4 Or for the full course: https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/ https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall...

paxys 4y ago

Why is it ironic that the head of one of the most important financial bodies in the country knows a good deal about different currencies and currency systems?

jimmydorry 4y ago
Because the organisation he heads is deliberately opaque on most things crypto and refuses to engage with companies like Coinbase that are trying to operate in this space.
Mizoguchi 4y ago
Because he seemed to me like a nice guy genuinely excited about crypto and blockchain in general. He does touch on the topic of regulations but nothing in his lectures would make you think just a few years later he will be leading the SEC, cracking on crypto exchange companies and pushing on regulations with an iron fist.