4708944: FU_Is Bitcoin the Future of Money? A seminar on cryptocurrency for beginners

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Semester:SS 19
Lektionen / Semester:30.0 L / 22.5 h
Selbststudium:67.5 h



Bachelorstudiengang Betriebswirtschaftslehre (01.09.2012)
Masterstudium Architektur (01.09.2014)
Bachelorstudium Architektur (01.09.2014)
Masterstudium Information Systems (01.09.2015)
Masterstudium Finance (01.09.2015)
Masterstudium Entrepreneurship (01.09.2015)


Bitcoin is a decentralized currency that was created in 2008. Cryptocurrencies such as bitcoin and distributed ledger technologies (DLTs) such as blockchains have witnessed tremendous adoption. The goal of this class is to provide students with a foundation for understanding economic, technological, and legal aspects of the distributed ledger technology. The first section of the class will explain what this technology is and what problem this technology solves. Exploring the history of money and the meaning of economic value provide context for the creation of digital currencies. The second part of the class will be applied. Basic programming in solidity will demonstrate how to create an initial coin offering and a decentralized application (dApp). Analysis of the socio-cultural and socio-economic consequences will give an understanding of how DLT will change the way we do business.


After completing the course, students should
- understand the basic aspects of cryptocurrency, such as how to send and receive Bitcoin transactions,
- know how to store Bitcoin on a smart phone.
- are able to explain the interesting history behind the invention of cryptocurrency and the problems that Bitcoin and blockchain technology are trying to solve.
- grasp the price determinants of cryptocurrency, and which regulations apply to cryptocurrency in Europe.



Lectures, group projects, self-study, excursion to Bitcoin ATM in Städtle (Vaduz)

Voraussetzungen (inhaltlich)



Class textbook (will be on moodle/supplied during the course)

Antonopoulos, A. M. (2014). Mastering Bitcoin: Unlocking Digital Cryptocurrencies. Sebastopol, U.S.: O'Reilly Media, Inc.

Nakamoto, S. (2008). Bitcoin: a peer-to-peer electronic cash system. (White paper). Retrieved from website: https://bitcoin.org/bitcoin.pdf

Narayanan, A., Bonneau, J., Felten, E., Miller, A., and Goldfeder, S. (2016). Bitcoin and Cryptocurrency Technologies: a Comprehensive Introduction. Princeton, New Jersey, U.S.: Princeton University Press.


Reading assignments and participation in class exercises 30%
Group work - Launching an ICO 30 %
Four written reports of 1-2 pages each, which is around 2500 words in total 40%

Compulsory attendance (min. 80%)

  • Course based on continuous assessment, details see under "assessment".
  • Meeting attendance obligations is an essential pre-requisite for successfully completing a course based on continuous assessment.
  • Attendance must be proven for at least 80% of the stipulated contact time. Responsibility for checking and providing written proof of this obligatory attendance lies with the course lecturer who is required to store this information at least until the end of the semester.
  • In the case of absenteeism that exceeds the specified limits of absence, a medical certificate is required. Responsibility lies with the head of the Coordination Office for Cross-Faculty Elective Subjects to approve the reason for the student's failure to attend.
  • Participation in other activities of the university are not recognized as an excused absence


Passed / Failed


Fakultätsübergreifendes Wahlfach:
Es gelten spezielle Anmeldemodalitäten.


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