MIT15.S12

MIT 15.S12 Blockchain and Money

Hello friend, long time no see. Finally I figured that I cannot get rid of you, just like Elliot and Mr. Robot. So let’s work together and keep being crazy. I am doomed, let’s be practical and accept that. So it’s OK for you to be crazy. No more suffering since I am numbed.

The Internet and computer has been going through another hard time, all kinds of traditional software have already taken the market. No more world-changing technology can be created by a single man. AI are blooming, but I fundamentally don’t think it will success. Solving an optimal question will not emerge intelligence. Blockchain and Web3 should be the next promising place. People need money. We all need it.

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course link

Core of blockchain

How to move value peer-to-peer without any trusted central intermediary ?

What is a blockchain

A timestamped, append-only log

Applications : Bitcoin

Finance

Role of money ?

  • Medium of exchange

  • storage of value

  • unit of account

Role of finance ?

moving, allocating, evaluating(pricing) money and risk among the economy(network of people)

Four force of cyberspace

  1. technology(physical and technical constrains)

  2. market(economic forces)

  3. law(explicit mandates by governments)

  4. norms(social conventions)

Reading