Fundamentals of cryptocurrency as a type of money or asset, and the technology upon which it is based, present new business models, markets and opportunities.
Bitcoin first came into existence from the ashes of the 2008 financial crisis, and in the 10 years
since, has grown to be a $__,000,000,000 market. We still do not know who ‘invented’ it, and
yet from it has sprung copycats, innovators, secondary markets, and financial instruments.
Much as the internet first allowed zero-marginal-cost-publishing and then network-effect
business models, peer-to-peer monetary systems unlock financial relationships heretofore
impossible. Our current international financial system was built to service the needs of large
corporations and financial intermediaries. Bitcoin, the blockchain, and the new
cryptocurrencies have enabled new functions for what we think of as “money.”
The fans of cryptocurrency do not define it; they include libertarians, Jeffersonians, the
privacy-minded, gold bugs, and, notoriously, those looking to exchange funds for illicit
purposes. “Fandom” however is not driving price appreciation.
Blockchain-based cryptocurrencies’ features as money and property are creating new markets,
business models and opportunities to study, explore, invent and profit. We study them, the
enabling technology, and the commensurate risks for being “better money.”
Here are the weekly topics.
WEEK 1: Introduction
WEEK 2: Competition, Governance and Technology
WEEK 3: Trading, Exchanges and Markets
WEEK 4: ICO’s, STO’s and Regulation
WEEK 5: Crypto-enabled Business Models