[This is Part 7 of a series watching a course called “Blockchain and Money” taught in Fall 2018 at MIT by current US SEC chair Gary Gensler. Video recordings of the course are provided for free by MIT under under their “Open Courseware” program here. The goal of this series is not to summarize the course in detail, but to record key lessons in simple language and observe the discussion through the lens of ~4 years of hindsight.]Key TakeawaysThere’s a phrase familiar to anyone who does project...