Syllabus del corso
Obiettivi formativi
Il corso riguarda bitcoin, cripto-asset e la tecnologia blockchain associata.
Teoria dei giochi, informatica (sistemi distribuiti, consenso distribuito) e elementi di teoria monetaria vengono esaminati nel tentativo di trasmettere adeguatamente l'interdisciplinarietà degli argomenti e apprezzarne la rilevanza.
Contenuti sintetici
Bitcoin as Digital Gold
Hash Functions
Blockchain, Mining, and Distributed Consensus
Timestamping and the OpenTimestamps Protocol
Wallets and Custody
Beyond Bitcoin: Between Hype and Reality
The Cryptocurrency Frontier in Monetary Engineering
Programma esteso
Bitcoin as Digital Gold
- Internet Money
- Bitcoin Transactions
- About Money
- Private Money and the Centralization Dilemma
- The Double Spending Problem
- Bitcoin as Digital Gold
- Bitcoin as Investment Asset
- Financial Services
Hash Functions
- Hash Functions and Their Properties
- Puzzle Friendliness and Partial Hash Inversion
- Hash–based Data Structures
Blockchain, Mining, and Distributed Consensus
- Simplified Digital Coin
- Distributed Consensus
- Proof-of-Work (PoW)
- Mining
- P2P Network
- Protocol Governance
Timestamping and the OpenTimestamps Protocol
- Blockchain Immutability
- Timestamping
- The OpenTimestamps standard
- Use Cases
Wallets and Custody
- Key Management and UTxO Database Access
- Wallets as Collection of Keys
- Custody
Beyond Bitcoin: Between Hype and Reality
- Other Cryptocurrencies
- Smart Contracts
- Initial Coin Offering
- Non-Fungible Tokens (NFT)
- Decentralized Finance (DeFi)
- Traditional Finance for Crypto Assets
- Blockchain Without Bitcoin
- Distributed Ledger Technology
- Financial Products and Services
The Cryptocurrency Frontier in Monetary Engineering
- Cash, eMoney, Central Bank Money, and eCash
- Stable Coins
- Hayek Money: Elastic Non-discretionary Policy
- Hayek Money: Dual Asset Ledger and Proof-of-Payment
Prerequisiti
Non ci sono prerequisiti rigidi, anche se una mentalità informatica e una certa dimestichezza con l'algebra e la finanza potrebbero aiutare ad apprezzare il corso. Mentre un approccio formale rigoroso è quasi impossibile in un corso che tocca aree di conoscenza così tante e così diverse, viene stimolata la curiosità intellettuale per l'interazione tra matematica, crittografia, incentivi economici, tecnologia, teoria monetaria e politica.
Metodi didattici
Lezioni basate su slide con bibliografia associata
Modalità di verifica dell'apprendimento
Test con domande a scelta multipla
Testi di riferimento
Ferdinando M. Ametrano,
“Bitcoin: oro digitale, finanza e tulipani”,
https://docs.google.com/document/d/1gecm0uT43tl8d4WFYNs9H_v3p70PPfPmQITR4GxSWkE
Satoshi Nakamoto,
“Bitcoin: A Peer-to-Peer Electronic Cash System” (2008),
https://bitcoin.org/bitcoin.pdf
A. Narayanan, et al.,
“Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction” (2016),
Princeton University Press, 978-0691171692,
https://www.coursera.org/learn/cryptocurrency, https://bitcoinbook.cs.princeton.edu, https://bitcoinbook.cs.princeton.edu, https://www.lopp.net/pdf/princeton_bitcoin_book.pdf
Pedro Franco,
“Understanding Bitcoin: Cryptography, Engineering and Economics” (2014),
Wiley, 978-1119019169
Friedrich A. Hayek,
“Denationalisation of Money: The Argument Refined”,
https://mises.org/library/denationalisation-money-argument-refined
Periodo di erogazione dell'insegnamento
8 marzo - 10 maggio 2023
Lingua di insegnamento
Inglese
Sustainable Development Goals
Learning objectives
The course is about bitcoin, crypto-assets, and the associated blockchain technology.
Game theory, computer science (distributed systems, distributed consensus), and monetary theory elements are examined in the attempt to properly convey the interdisciplinarity of the topics and appreciate their relevance.
Contents
Bitcoin as Digital Gold
Hash Functions
Blockchain, Mining, and Distributed Consensus
Timestamping and the OpenTimestamps Protocol
Wallets and Custody
Beyond Bitcoin: Between Hype and Reality
The Cryptocurrency Frontier in Monetary Engineering
Detailed program
Bitcoin as Digital Gold
- Internet Money
- Bitcoin Transactions
- About Money
- Private Money and the Centralization Dilemma
- The Double Spending Problem
- Bitcoin as Digital Gold
- Bitcoin as Investment Asset
- Financial Services
Hash Functions
- Hash Functions and Their Properties
- Puzzle Friendliness and Partial Hash Inversion
- Hash–based Data Structures
Blockchain, Mining, and Distributed Consensus
- Simplified Digital Coin
- Distributed Consensus
- Proof-of-Work (PoW)
- Mining
- P2P Network
- Protocol Governance
Timestamping and the OpenTimestamps Protocol
- Blockchain Immutability
- Timestamping
- The OpenTimestamps standard
- Use Cases
Wallets and Custody
- Key Management and UTxO Database Access
- Wallets as Collection of Keys
- Custody
Beyond Bitcoin: Between Hype and Reality
- Other Cryptocurrencies
- Smart Contracts
- Initial Coin Offering
- Non-Fungible Tokens (NFT)
- Decentralized Finance (DeFi)
- Traditional Finance for Crypto Assets
- Blockchain Without Bitcoin
- Distributed Ledger Technology
- Financial Products and Services
The Cryptocurrency Frontier in Monetary Engineering
- Cash, eMoney, Central Bank Money, and eCash
- Stable Coins
- Hayek Money: Elastic Non-discretionary Policy
- Hayek Money: Dual Asset Ledger and Proof-of-Payment
Prerequisites
There are no strict prerequisites, even if a computer science mindset and some familiarity with algebra and finance might help to appreciate the course. While a rigorous formal approach is almost impossible in a course touching on so many and so different knowledge areas, intellectual curiosity is stimulated about the interplay between maths, cryptography, economic incentives, technology, monetary theory, and politics.
Teaching methods
Slide based lessons with associated bibliography
Assessment methods
Multi-choice question test
Textbooks and Reading Materials
Ferdinando M. Ametrano,
“Bitcoin: oro digitale, finanza e tulipani”,
https://docs.google.com/document/d/1gecm0uT43tl8d4WFYNs9H_v3p70PPfPmQITR4GxSWkE
Satoshi Nakamoto,
“Bitcoin: A Peer-to-Peer Electronic Cash System” (2008),
https://bitcoin.org/bitcoin.pdf
A. Narayanan, et al.,
“Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction” (2016),
Princeton University Press, 978-0691171692,
https://www.coursera.org/learn/cryptocurrency, https://bitcoinbook.cs.princeton.edu, https://bitcoinbook.cs.princeton.edu, https://www.lopp.net/pdf/princeton_bitcoin_book.pdf
Pedro Franco,
“Understanding Bitcoin: Cryptography, Engineering and Economics” (2014),
Wiley, 978-1119019169
Friedrich A. Hayek,
“Denationalisation of Money: The Argument Refined”,
https://mises.org/library/denationalisation-money-argument-refined
Semester
March 8 - May 10 2023
Teaching language
English