Curriculum·Freshman·F102
Money, Trust, and Why Any of This Exists
TerraUSD, May 2022.5 percent on deposits (Liu, Makarov and Schoar; ForkLog says nearly 20).
Start with lesson 15 lessons · about 2.6 hours · 1 lab · open to read
Lesson 1 opens on
Cyprus, March 2013
Facing a banking collapse, Cyprus agreed a rescue funded in part by depositors.9 percent above it. Parliament rejected it within days.
The lessons
- F102-01What money doesName the three jobs money does, and identify which one fails first in a real crisisabout 31 min · opens on Cyprus, March 2013
- F102-02The honest case for crypto, and against itState the four claims that survive scrutiny, and the conditions each one requires to holdabout 31 min · opens on FTX, November 2022
- F102-03Bitcoin and Ethereum as design philosophiesDescribe the two systems as answers to different questions rather than as competitorsabout 29 min · opens on The block size war, 2015 to 2017
- F102-04StablecoinsClassify any stablecoin by what backs it, and name the specific failure mode that backing impliesabout 34 min · opens on USDC and Silicon Valley Bank, March 2023
- F102-05Where this is actually goingConvert a vague prediction into a falsifiable claim with a date, a threshold and a sourceabout 31 min · opens on Libra and Diem, 2019 to 2022
Labs
F102-L
Price a $200 remittance to three corridors across a bank wire, a remittance service and a stablecoin transfer, from a supplied rate card: full cost, time, and the off-ramp. The crypto rail does not always win, which is the point. Twenty questions, 18 to pass.