$30 off During Our Annual Pro Sale. View Details »
Speaker Deck
Features
Speaker Deck
PRO
Sign in
Sign up for free
Search
Search
暗号資産の経済学・イントロダクション / Economics of Cryptocurrenc...
Search
Kenji Saito
PRO
July 18, 2024
Technology
0
100
暗号資産の経済学・イントロダクション / Economics of Cryptocurrencies (Introduction)
2024年7月21日(日)、早稲田大学大学院経営管理研究科 (早稲田大学ビジネススクール) の入試説明会における模擬講義で使用したスライドです。
Kenji Saito
PRO
July 18, 2024
Tweet
Share
More Decks by Kenji Saito
See All by Kenji Saito
成果 / Achievements
ks91
PRO
0
6
意思決定 / Decision-Making
ks91
PRO
0
10
ファンディングとデジタル市民社会 / Funding and Digital Civil Society
ks91
PRO
0
15
生成AI による論文執筆サポート・ワークショップ 論文執筆・推敲編 / Generative AI-Assisted Paper Writing Support Workshop: Drafting and Revision Edition
ks91
PRO
0
27
私たちの前提は揺るがないのか / Are Our Premises Unshakeable?
ks91
PRO
0
22
貨幣無き世界への過程 / The Process Towards a World without Money
ks91
PRO
0
10
ファンディング / Funding
ks91
PRO
0
8
デジタル市民社会 / Digital Civil Society
ks91
PRO
0
11
発表と総括 / Presentations and Summary
ks91
PRO
0
6
Other Decks in Technology
See All in Technology
Oracle Cloud Infrastructure IaaS 新機能アップデート 2025/09 - 2025/11
oracle4engineer
PRO
0
120
Lambdaの常識はどう変わる?!re:Invent 2025 before after
iwatatomoya
1
490
初めてのDatabricks AI/BI Genie
taka_aki
0
150
AWS Trainium3 をちょっと身近に感じたい
bigmuramura
1
140
mairuでつくるクレデンシャルレス開発環境 / Credential-less development environment using Mailru
mirakui
4
400
[デモです] NotebookLM で作ったスライドの例
kongmingstrap
0
140
WordPress は終わったのか ~今のWordPress の制作手法ってなにがあんねん?~ / Is WordPress Over? How We Build with WordPress Today
tbshiki
1
750
因果AIへの招待
sshimizu2006
0
970
非CUDAの悲哀 〜Claude Code と挑んだ image to 3D “Hunyuan3D”を EVO-X2(Ryzen AI Max+395)で動作させるチャレンジ〜
hawkymisc
2
180
Kiro Autonomous AgentとKiro Powers の紹介 / kiro-autonomous-agent-and-powers
tomoki10
0
470
ChatGPTで論⽂は読めるのか
spatial_ai_network
9
28k
AIプラットフォームにおけるMLflowの利用について
lycorptech_jp
PRO
1
140
Featured
See All Featured
I Don’t Have Time: Getting Over the Fear to Launch Your Podcast
jcasabona
34
2.6k
Easily Structure & Communicate Ideas using Wireframe
afnizarnur
194
17k
What’s in a name? Adding method to the madness
productmarketing
PRO
24
3.8k
GraphQLの誤解/rethinking-graphql
sonatard
73
11k
Visualization
eitanlees
150
16k
Embracing the Ebb and Flow
colly
88
4.9k
GitHub's CSS Performance
jonrohan
1032
470k
No one is an island. Learnings from fostering a developers community.
thoeni
21
3.6k
Templates, Plugins, & Blocks: Oh My! Creating the theme that thinks of everything
marktimemedia
31
2.6k
Building a Scalable Design System with Sketch
lauravandoore
463
34k
RailsConf & Balkan Ruby 2019: The Past, Present, and Future of Rails at GitHub
eileencodes
141
34k
The Myth of the Modular Monolith - Day 2 Keynote - Rails World 2024
eileencodes
26
3.2k
Transcript
Economics of crypto-assets — generated by Stable Diffusion XL v1.0
( ) — 2024-07-21 – p.1/20
( ) ( ) CSO (Chief Science Officer) 1993 (
) 2006 ( ) SFC 23 P2P (Peer-to-Peer) 2011 ( ) 2018 2019 VR 2021.9 & VR 2022.3 2023 AI VR&RPG 2023.5 “Don’t Be So Serious” 2023 2024 AI( ) 2024 “ALOHA FROM HAWAII” → ( ) — 2024-07-21 – p.2/20
( ) ( ) ( F ) — AI (
) — ( ) ( ) ← “FinTech — Financial Innovation and the Internet” ( ) ( ) → ( ) https://speakerdeck.com/ks91 — 2024-07-21 – p.3/20
ETF (Exchange Traded Funds; ) a DAO (Decentralized Autonomous Organization;
) b a (SEC) 2024 1 bitcoin — b 2024 4 — — 2024-07-21 – p.4/20
a ( ) (proof of work) (proof of stake) (
) DAO a — — 2024-07-21 – p.5/20
Bitcoin . . . : (i.e. ) ( ) :
: : ⇒ ( ) ← — 2024-07-21 – p.6/20
৽ن ϒϩοΫ ܈ Ճ ίετϨδελʔ͖ ா ਖ਼౷ͳཤྺ ఏҊ͞ΕΔ৽͍͠ཤྺ ίετ େ
͕ ࢀ Ճ ݁Ռ B มߋແ͠ C ه D ॻ͖͑ ɾ৽͍͠ཤྺ͕͜Ε·Ͱͷཤྺʹੵ͞Εͨ ɹίετΛ૿େͤ͞ΔΑ͏ͳͷͰͳ͍ͷ ɹͳΒมߋੜ͡ͳ͍ɻ ɾίετ݁ՌతʹɺωΠςΟϒ҉߸ࢿ࢈ ݐͯͰଌΒΕΔɻ ɾாͷҡ࣋ʹࢀՃ͢Εɺ֬తʹେ͖ͳ ใुΛωΠςΟϒ҉߸ࢿ࢈ͰಘΒΕΔɻ ɾใुΛಘΔͨΊʹίετෛ୲ͰϚδϣϦςΟ ଆʹ͍ͳ͚ΕͳΒͳ͍ɻ — 2024-07-21 – p.7/20
4 ( ) ( ) ( ; ) ( )
— 2024-07-21 – p.8/20
( ) ೖྗ σδλϧͳΒԿͰΑ͍σʔλͷू߹ ແݶ ग़ྗ CJU ͳͲݻఆͷͷू߹ ༗ݶ ग़ྗʮμΠδΣετʯͱݺΕΔ
খ ͞ ͍ ॱ ʹ ฒ Μ Ͱ ͍ Δ ͱ ͠ ͯ খ ͞ ͍ ॱ ʹ ฒ Μ Ͱ ͍ Δ ͱ ͠ ͯ 4)"ͳͲͷؔ 4)"4FDVSF)BTI"MHPSJUIN Ұ༷ʹ ϋογϡؔͷੑ࣭ ภͬͯ Ϛοϐϯάʹ๏ଇੑ͕ແ͍Α͏ʹݟ͑ɺ ˠͷํʹ҆ՁʹܭࢉͰ͖Δ͕ɺ ٯͷํʹܭࢉͰ͖ͳ͍ Ұํੑ ҉߸ֶతϋογϡؔͷੑ࣭ ແݶΛ༗ݶʹϚοϐϯά͢ΔͷͰɺҟͳΔೖྗ͕ ಉ͡ग़ྗ݁ՌʹͳΔ߹͘͝رʹ͋Δ িಥ িಥ ͤ͞Δํ๏ ͕ݟ͔ͭͬͨ҉߸ֶతϋογϡ ؔ҆શͱݟͳ͞Εͳ͍ — 2024-07-21 – p.9/20
( ) ൿີ伴 伴ϖΞ ͋Β͔͡Ί ੜ ൿີʹӅ࣋ͭ͠ ͋Β͔͡Ί͓͍ͯͯ͠Α͍ ॺ໊Λ࡞ͬͨͷެ։伴ʹ ରԠ͢Δൿີ伴Λ͑Δ୭
͔ ͢ͳΘͪॺ໊ऀ ͩ͠ɺ ݩͷσʔλॺ໊ޙCJU มΘͬ ͍ͯͳ͍ ͜ͷΈ͕ਖ਼͘͠ಈ࡞͢ΔͨΊʹɺ ड͚औͬͨެ։伴͕ຊʹॺ໊ऀͷͷ Ͱ͋Δͱ͍͏ԿΒ͔ͷূ໌͕ඞཁ ʲॺ໊ΞϧΰϦζϜʳ ೖྗݩͷσʔλɺ ൿີ伴 ग़ྗॺ໊ ʲॺ໊ݕূΞϧΰϦζϜʳ ೖྗݩͷσʔλɺ ॺ໊ɺ ެ։伴 ग़ྗ0,·ͨ/( ެ։伴 ॺ໊ऀ ॺ໊ ΞϧΰϦζϜ ॺ໊ݕূ ΞϧΰϦζϜ 0, ·ͨ /( Πϯλʔωοτ ݕূऀ ެ ެ։ ։伴 伴 ެ։ ެ։伴 ެ ެ։ ։伴 伴 ݩͷ σʔλ ݩͷ σʔλ ॺ໊ ॺ໊ — 2024-07-21 – p.10/20
ϒϩοΫ O ࣌ؒ ϒϩοΫϔομʔ ͍ΖΜͳใ͕ೖ͍ͬͯΔ ϒϩοΫ O ͷ μΠδΣετ औҾ
σʔλ ެ։伴 ˍॺ໊ औҾ σʔλ ެ։伴 ˍॺ໊ औҾ σʔλ ެ։伴 ˍॺ໊ ʜʜ ϒϩοΫ O ϒϩοΫϔομʔ ͍ΖΜͳใ͕ೖ͍ͬͯΔ ϒϩοΫ O ͷ μΠδΣετ औҾ σʔλ ެ։伴 ˍॺ໊ औҾ σʔλ ެ։伴 ˍॺ໊ औҾ σʔλ ެ։伴 ˍॺ໊ ʜʜ ϒϩοΫͷμΠδΣετ ͦͷϒϩοΫΛҰҙʹࣔ͢ ࣝผࢠͱͯ͠༻͍ΒΕΔ औҾσʔλͷআͰϒϩοΫͷ ༰͕มΘΕɺͦͷμΠδΣετ มΘΔͷͰɺໃ६͕ੜ͡Δ औҾσʔλʹૹ৴ऀͷσδλϧ ॺ໊͕͍͍ͯΔͷͰվ͟Μ ࠔ͕ͩɺऔҾσʔλΛؙ͝ͱ আ͢Δ͜ͱͰ͖Δ ࣍ͷϒϩοΫʹμΠδΣετ͕ ֨ೲ͞Ε͍ͯΔ͜ͱͰɺखલͷ ϒϩοΫͷ༰ϩοΫ͞Εͯ ͍Δͱݴ͑Δ͕ʜ ܨ͕͍ͬͯΔϒϩοΫͷϔομʔ ͷதͷμΠδΣετΛ࣍ʑͱॻ͖ ͍͚͑ͯໃ६ͳ͘վ͟ΜͰ͖ ΔͷͰɺϒϩοΫΛ࡞Δ͜ͱࣗମ ʹେ͖ͳίετΛඞཁʹͯ͠कΔ Proof of Work ( ) : ( ) Proof of Stake ( ) : — 2024-07-21 – p.11/20
( ) > ( ) → ( ) → <
( ) ( ) → ( ) → ⇒ — 2024-07-21 – p.12/20
Bitcoin (∼2024 7 ) — 2024-07-21 – p.13/20
DAO ෦ࢿຊˢ͋Δ ɹɹɹɹˣͳ͍ தԝʹࣗಈ ɹɹɹɹɹWT ɹɹɹɹɹɹதԝʹਓؒ શͳ "* σʔϞϯ˞ ϑΥʔϥϜ˞
XFC αʔϏε ϩϘοτΛ %"0 %"QQ˞ ݹయత৫ ɹɹɹɹɹपลʹਓؒ ɹɹɹɹWT पลʹࣗಈ ˞%"QQεϚʔτίϯτϥΫτʹΑΔΞϓϦέʔγϣϯ %FDFOUSBMJ[FE"QQ ˞ϑΥʔϥϜਓʑ͕ಛఆͷʹ͍ͭͯٞͨ͠ΓใΛަͨ͠Γ͢Δ ˞σʔϞϯόοΫάϥϯυͰՔಇ͠ ΠϕϯτʹࣗಈతʹରԠ͢ΔϓϩάϥϜ . . . DAO : Decentralized Autonomous Organization ( ) Buterin DAO (2014) ↑ = + — 2024-07-21 – p.14/20
Ձ֨ ྔ ڙڅ धཁ धཁ धཁ — 2024-07-21 –
p.15/20
DAO ( ) ( ) ← — 2024-07-21 – p.16/20
ETF — 2024-07-21 – p.17/20
DAO DAO a b DAO DAO DAO a b —
2024-07-21 – p.18/20
( ) ҉߸ࢿ࢈ &5' ࣮ମ୯ʹ &5' ҉߸ࢿ࢈औҾ ࢿຊ͕࣮ࡍʹۦಈྗΛ ࣋ͭͨΊͷԼࢧ͑ ΫϦϓτք۾
Ұൠެऺ 11 ٕज़ ࣗࢄʹΑΓಈ࡞͢ΔாγεςϜ ɾωΠςΟϒ҉߸ࢿ࢈ݐͯࢿຊʹΑΔۦಈͱޚ ߹ಉձࣾܕ %"0 ࣮ମ୯ʹ߹ಉձࣾ ථʹΑΔ %"0 ֊ ߏ ᴹ Լ ʹ ج ͮ ͍ ͯ ্ ͕ ͋ Δ ETF — 2024-07-21 – p.19/20
( ) : ( ) . . . . .
. ( ) — 2024-07-21 – p.20/20