17. Secondary Markets & Crypto-Exchanges

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  • čas přidán 26. 08. 2024
  • MIT 15.S12 Blockchain and Money, Fall 2018
    Instructor: Prof. Gary Gensler
    View the complete course: ocw.mit.edu/15...
    CZcams Playlist: • MIT 15.S12 Blockchain ...
    Prof. Gensler talks about crypto-exchange, while not directly an application of blockchain technology, is a major part of the crypto-finance ecosystem.
    License: Creative Commons BY-NC-SA
    More information at ocw.mit.edu/terms
    More courses at ocw.mit.edu

Komentáře • 86

  • @mitocw
    @mitocw  Před 4 lety +26

    Note that Lecture 18 is not available.

    • @victorhenriquecp
      @victorhenriquecp Před 4 lety +20

      is there any chance we can get lecture 18? =)

    • @Chris-dq3dj
      @Chris-dq3dj Před 3 lety +1

      What was the topic? Thanks for providing - Highly educational

    • @abypaul100
      @abypaul100 Před 3 lety +13

      @@Chris-dq3dj I think they had outside guests from NYSE and probably don't want to share that.

    • @_B_B.
      @_B_B. Před 3 lety +9

      Kelly Loeffler and Jeff Sprecher

    • @stephanetyrmi2020
      @stephanetyrmi2020 Před 3 lety

      What was the subject / title

  • @cjjdnc
    @cjjdnc Před 2 lety +5

    Great class, as always. Would love to hear an update from Gensler on these topics, though I guess he’ll be busy for a while.

  • @tonymon875
    @tonymon875 Před 3 lety +4

    Great course.
    A wash sale is a sale of a security at a loss and then repurchasing the same security shortly before or after. Those losses are not tax deductible by the IRS for obvious reasons. Your cost basis will be adjusted accordingly.

    • @IronInforcersecond
      @IronInforcersecond Před 3 lety

      Yeah I got murdered by trading options on the same stocks all year long. Like holy moly. Owed more than my starting capital by the end. They were fool's gains.

    • @cheppere
      @cheppere Před 2 lety

      @@IronInforcersecond That has nothing to do with a wash sale. If you 'got murdered by trading options' that was just actual losses... wash sales do not inflate/deflate any loss, they simply change your tax reporting.

  • @KevinSmith-df5fz
    @KevinSmith-df5fz Před 2 lety +3

    Yay made it to no 17. Well done everyone

  • @ryanhanna2975
    @ryanhanna2975 Před 3 lety +13

    Anyone notice class 18 is missing

    • @gotdotnet
      @gotdotnet Před 2 lety

      The pre-read material and lecture slides are o the OCW website though

  • @jimbob2810
    @jimbob2810 Před 3 lety +24

    Prof. Gensler informs us that _even the rocket scientists at MIT_ are not aware of the First Commandment of BTC: "Not your keys; not your coins."

    • @riccaruso7791
      @riccaruso7791 Před 3 lety

      I’m still rather new to crypto currencies investing. Isn’t a thumb-drive style hardware wallet storage kinda fragile? What is the best solution?!

    • @xrpkidotec520
      @xrpkidotec520 Před 3 lety +1

      @@riccaruso7791 cold wallet/hardware wallet like a ledger nano x or a trezor.

  • @andso7068
    @andso7068 Před 2 lety +2

    Sad that #18 isn't uploaded...

  • @cryptoholic5120
    @cryptoholic5120 Před 3 lety +2

    Shout out to Gary & MIT!

  • @brainstormingsharing1309
    @brainstormingsharing1309 Před 3 lety +3

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

  • @berajpatel8081
    @berajpatel8081 Před 4 lety +1

    kind of contradictory that the exchanges don't record AML/KYC but use blockchain to record final settlement.

  • @alangough
    @alangough Před rokem

    at what point in this video presentation (minutes seconds) does Gary Gensler suggest that about 75 percent of crypto are commodities and NOT SECURITIES?

  • @dadswithapurpose3167
    @dadswithapurpose3167 Před 3 lety +4

    Does anyone know when our final is?

  • @calanguteb
    @calanguteb Před 2 lety

    8:35
    Mr. Gensler: Remind me your name again...
    Zhongling: Zhongling
    Mr. Gensler: What?
    Zhongling: Zhongling
    Mr. Gensler: Ok Johnny
    😂😂🤣

  • @EliotMcLellan
    @EliotMcLellan Před 3 lety +1

    before a person might be inflinched or forced to perk their ear to someone talking about a money making scheme, but thanks to cryptocurrency markets there is a better investment - improve the quality of life as slow as it may seem, alas the environment will settle the score

  • @KirkBiglione
    @KirkBiglione Před 2 lety +4

    Lecture 18 is the only one of 24 lectures not available? That's odd considering the session features a future Chairman of the SEC talking with a future US Senator about cryptocurrencies. On one hand, it seems like that lecture is historically relevant. On the other hand, it seems like it might have been misplaced for political reasons.

    • @mitocw
      @mitocw  Před 2 lety +12

      Put down the tin foil. This course published without lecture 18 two years before his SEC nomination. It was not removed as some nefarious political plot.

    • @davidjohnson8655
      @davidjohnson8655 Před 2 lety +1

      @@mitocw Given the past year, might not want to bring up tin foil. Few institutions have had more of their own PhDs speak out against them for making policy decisions without any real evidence. Meanwhile here you are responding to comments on a 2 year old video. Priorities seem to be a bit of an issue with MIT these days. Is the goal actually for your institution to become a joke?

    • @daren32909
      @daren32909 Před 2 lety +1

      @@davidjohnson8655 I’m sure there was some contract agreement between MIT and either Loeffler, the other guy or both. I’m politically very opposed to Gensler but still find the course interesting and him an engaging instructor.

    • @username54487
      @username54487 Před rokem

      and now...bakkt ceo is saying "no chance for listing xrp" ... does it have to do with something in lecture 18 and gary jizzler? hmmm?! why cant we see lec 18? whats the big mystery?

    • @username54487
      @username54487 Před rokem +2

      @@mitocw upload lecture 18

  • @RiccardoVincelli
    @RiccardoVincelli Před 10 měsíci +1

    1:13:50 the FTX honeypot

  • @RiccardoVincelli
    @RiccardoVincelli Před 10 měsíci

    The Gensler Exchange is a special purpose entity operating outside of the SEC supervision.

  • @berajpatel8081
    @berajpatel8081 Před 4 lety

    kind of contradictory that exchange don't have AML but use blockchain to record final settlement ..... guess it will be fixed in the future

  • @ewor99
    @ewor99 Před 3 lety +5

    I'm going to cut you off 23 minutes in where you state: "clearly there is a freedom of speech". I disagree. Please explain.

  • @nthny1875
    @nthny1875 Před 3 lety

    You are my news channel.

  • @campusseoul
    @campusseoul Před rokem

    Financial Centers for Regulation Arbitrage

  • @victordasilva5255
    @victordasilva5255 Před 3 lety +1

    Só I didn’t pay for the course....and this in my recommendations. Nothing to see here 🤓 folks

  • @bp094p21
    @bp094p21 Před 3 lety

    i think the only way of learning bout crypto is understanding from firstly a technical perspective.

    • @TheTacoReview
      @TheTacoReview Před 2 lety

      Well currency solves a social problem… for crypto to be useful it must meet those social needs first.

  • @lawniczakjohn
    @lawniczakjohn Před rokem

    45:50 PFOF

  • @raphaelmok712
    @raphaelmok712 Před 3 lety

    Gary "Remind me your Last name" Gensler

  • @bharatisikchi4157
    @bharatisikchi4157 Před 2 lety

    Anyone aware about QCOT and SSUS company working with USDT in crypto second market. Is it a genuine or fraud. Anyone has any idea. It's US based company.

  • @matthewjackson9615
    @matthewjackson9615 Před 3 lety +2

    Without central authority, how in the world can you maintain the stability of this digital currency?
    Who is going to want to transact large sums of money in a currency that a subject to wild volatility?
    If a cryptocurrency can remain fairly stable over time then in my humble opinion it's got a chance of becoming a valid Shadow currency.

    • @schmetterling4477
      @schmetterling4477 Před 2 lety

      It is not a currency. In practice it behaves more like an unregulated security. Currencies are mostly stabilized by trust. If I can trust that bread will cost the same tomorrow as it costs today, I won't raise my prices for the raisins I am selling. If I can't, then I have to raise my raisin prices to be able to buy bread tomorrow. Crypto does not instill this kind of trust and it is not obvious how it ever will.

  • @BB-dq4gq
    @BB-dq4gq Před 3 lety

    Can you upload number # of the series 18.

  • @julkiewicz
    @julkiewicz Před 2 lety

    So not even crypto exchanges want to actually transact on the blockchain if they can avoid it... that's not exactly a vote of confidence in the robustness of the technology.

  • @rodrigodiaz1321
    @rodrigodiaz1321 Před 3 lety +3

    Gary, I would like to treat you to a few Starbucks coffees. Great lectures

  • @yurikpikh28
    @yurikpikh28 Před 3 lety +2

    Shaun must be very broke right now for shorting bitcoin lol

  • @elliot1784
    @elliot1784 Před 3 lety

    one word: Dogecoin :)

    • @seve5479
      @seve5479 Před 3 lety

      smh

    • @elliot1784
      @elliot1784 Před 3 lety +1

      @@seve5479 hello "smh" , I am "but why" lol

    • @seanbrennan5192
      @seanbrennan5192 Před 3 lety

      It’s all about that XRP crack. Doge doesn’t have enough utility for my taste. But hey, if you can market a rock with googly eyes, a doggy coin can go very far....