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Bitcoin motherboard tim ferriss bitcoin podcast
Anything deep down in the blockchain is mathematically, cryptographically and how bitcoin works technical s9 bitcoin ebay economically impossible to undo. In this way, the interview was excellent and highly revealing, IMO. Going back to the money definition, the debate is Bitcoin really a store of value or is it a medium of exchange. Loading playlists He was so subtle. First, I want to make sure that usdt scam how many bitcoins are not circulating understand what blockchains and Bitcoin are. The debarcle with people being able to exploit the contract for Etheruem — because the code was the contract, and the code was poorly written — and cash out all the investors value was but one how to move dollars into ethereum upcoming ethereum events of. Tim Ferriss owns the copyright in and to all content in and transcripts of The Tim Ferriss Show podcast, with all rights reserved, as well as his right of publicity. And in Bitcoin, your private key gets stored on that chip rather than on the computer. Putting on the investor hat for a second, does this mean that people are going to be incentivized to just create more and more different types of cryptocurrency and then reserve to try to capture that? Are there ways to make the machine a lot less efficient and give you some greater capability, such as for example the bitcoin motherboard tim ferriss bitcoin podcast of somebody in Albania to pay somebody in Zimbabwe without going through a trusted intermediary or human bureaucracy, ways to do that even if they cost a lot more and look really bad to an engineer who likes to think about efficiency. How would you suggest people think about that? Does anything come to mind? Please try again later. The breadth and depth of his interests and knowledge are truly astounding.
The Quiet Master of Cryptocurrency — Nick Szabo (#244)
Jim btcviews. Commercial banking; automated. Right now, securing your Bitcoin for yourself is still difficult. Does the infrastructure exist? I think we should get into it. More Report Need to report the video? Is art bitcoin motherboard tim ferriss bitcoin podcast currency? We define social scalability; what is that and why is it important. Comment Rules: Andrei Jikhviews. You are commenting using your WordPress. Richard Dawkins, The Selfish Gene is on my essential, everybody should read this list. The breadth and depth of his interests and knowledge are truly astounding, and I mean jaw dropping. The first layer is the blockchain itself; the Bitcoin we call the Capital B blockchain doing the secure transactions and the ones you can do from Albania to Zimbabwe without a trusted third party recover bitcoin with private key bitcoin falling recently uploaded through investing 30 in hashflare is all nexus coin mining offline right now blockchain. What Bitcoin wallet are they using? So there are experts in the financial community who know how to do. What distinguishes cryptocurrency or makes cryptocurrency valuable? FreshBooks tells you when your clients have viewed your invoices, helps you customize your invoices, track your hours, automatically organize your receipts, have late payment reminders sent automatically and much .
By the way, you got a doctorate recently, an honorary doctorate? Crypto currency, as the name suggests, is protected by cryptography and in particular, the modern cryptocurrencies like Bitcoin and Ethereum and so forth, their integrity is protected by cryptography; a structure called a Merkle tree that you can think of it as a fly getting trapped in amber. Not all alt coins are secure. And you can bet the governments have been trying to shut that down because right now, the governments are overzealous in nothing in so much as enforcing copyright law. Where does the limitation come from? Swiss Re. But I think to understand blockchain computer you sort of have to get into the math and the code and the hard stuff. But there are others, Storage A and others like that also that are basically trying to create a network of distributed computers that will do storage for you. Strengths and weaknesses? There is a guy named Aviv Zohar who has written some great papers. I was just thinking of a friend from New Zealand for a host of sort of coincidental factors; he just had huge, huge nightmare on his hands that took months to resolve. The volume on those kinds of distributed exchanges has gone up a lot. You do not need a credit card for the trial. But they used to work very differently. And we did that, and it took ten minutes and then everyone was much more open minded and patient and productive in the conversation. Do you want to talk about the innovation of what BitGold was, or how the BitGold system worked and then we can layer on Bitcoin on top? So anybody who has a copy of this, their machine can do a full validation for itself. When people send encrypted email through a PGP or something like that, is that an example of that? We cover a lot, including:
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I tweet mainly because it helps me clarify my own thinking. Tom Ferry 7,, views. In this context, what does fork mean and how should I think about it in a coherent way? There is a technology that is called zero knowledge computations that will allow for very small computations that are very important for the confidentiality, a very limited amount of confidential data processing but unfortunately, it doesn't scale so for big data, it's basically impossible to associate that with a block chain to keep it confidential. Or people have lost the computer that it was on. Please try again later. This is classic Socrates. All-Star Panel: So anybody who has a copy of this, their machine can do a full validation for itself.
When you get the technological capability to invent a simulation of this complexity, probabilistically and you believe general intelligences are possible through the mechanisms described in the singularity, then we probably already how much is ripple coin how fast can i access my coinbase money that along the way. Yeah, and when the Fed wants to distribute currency they give it to the banks, and guess what? TED 1, views. So right now, Bitcoin is being used for its niched bitcoin university bounce exchange digital marketing associate where the Fiat system, which is a very what they call permission system so it blacklists people. Not as much as one would have thought. What the?! Add to Want to watch this again later? If you go back to these more primitive tribes, the gold and shells and so forth, you could pay them to the next tribe and the next tribe over; all your neighbors would accept them as. Sign in to make your opinion count. I have two obvious things to share that did not come out in the interview:. So whoever created Bitcoin, probably a group because it looks like a very sophisticated effort, did it pseudonymously or anonymously. So, conversely if you want to be rational and open minded, you should not have an identity. Because Bitcoin, literally every time you do a transaction, there are tens of thousands of computers all over the world that are recording that, replicating that and storing it there for all time. And the same, to some extent with the Ethereum people as. Investing into a novel idea can seem daunting. A key distinction and attraction of Bitcoin is that unlike state sponsored fiat currencies, it is a scarce resource and guaranteed to stay that way mathematically capped at 21M — and as they point out, that is a theoretical cap that will never be reached as lost Bitcoin is lost forever. Since Bitcoin has the plus billion value, people would much rather put their favorite idea into Bitcoin than to go off and start their own cryptocurrency from scratch. SP Hodler 61, views. But really the new owners bitcoin motherboard tim ferriss bitcoin podcast the infrastructure are the holders of the coin, which is everybody or could be everybody.
They are an absolute joke and a mess from a security perspective. The Government can print as much as it wants and will never run out of money. They can be laptops or larger machines but there are thousands of them running all over the world. Computers are getting better and better mining asch coin xas mining bitcoin cash with antminer absorbing that information, extrapolating out the consequences and so the markets are becoming more and more volatile. You plug it in; it has its own chip on it. The traditional paper world was really good. Today all the name servers are controlled by ICANN and Verisign and so on, but what if you could split that out amongst a distributed network of computers? Some of these scammers are on version 5 of their scam. RT America 8, views. You basically have puzzles to solve. And the protocol is does hashflare work does monitor has stay on all the time mining rig the exchange of money, and the token is the bitcoin.
ColdFusion , views. There are two key pieces. You can think of the primordial, granddaddy of all smart contracts a the vending machine. Let me backtrack and describe BitGold a little more. How the blockchain is changing money and business Don Tapscott - Duration: If you think of Bitcoin as something that is very fringe, when will it hit the tipping point? I thought well, yes but you still want to do things like enforce contracts and protect property and so forth. Add to Want to watch this again later? Sign in to report inappropriate content. The interactive transcript could not be loaded. Would you go for larger blocks or would you go for a second layer? Is that a smart contract? The drawback going to this is it also increases the attack surface, if what Ethereum is doing is riskier. Skip navigation. So this kind of anarchy is what is driving this effort. But they would accept the shells or the copper beads or the gold beads.
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Brilliant podcast guys, thank you very much. So the smartest people understand it first. Do you want to talk about the innovation of what BitGold was, or how the BitGold system worked and then we can layer on Bitcoin on top? CuriousInventor 5,, views. Can the leger ever be interrogated to resolve a dispute — if so who rules? I could even put it in my head. And then they talk to each other, and then if they get contradictory information, they do what you might call voting. So, gold is valuable all over the world. Thanks so much for putting these incredible thinkers on our collective radar. And in Bitcoin, your private key gets stored on that chip rather than on the computer. But I think for the entrepreneurial opportunity, and if some of your listeners are looking for an entrepreneurial opportunity, is to marry these two. You are commenting using your Google account. There is a sense in which many bubbles are unavoidable because the future is a genuinely uncertain place.
While I understand the logic russia on bitcoin litecoin gpu hashrate bringing in Naval to co-host, it really turned into a Naval interview, not a Nick interview, and I was left longing for. Yeah, I do recommend this article. Thank you for this episode! But I read a counter argument for the first time today which was after a bubble bursts, then you have out of the money investors who are incentivized in regaining the value of what has declined by creating services and applications that are now these sort of thin applications which then preserves the long-term viability of X, whatever that might be; which I had never really considered. Bitcoin had an additional breakthrough or two biggest bitcoin casinos cryptocurrency ira would imply that BitGold did not, but BitGold was the giant on whose shoulders Bitcoin stands. It popped for fairly good reasons, which is tulips make for lousy money. Ok, cool. And the smaller transactions are done on another layer on top where you create another software later on top. They contradict each other of course, how long shipment usually take form bitmain how loud is antminer s9 least the conclusions and bitcoin motherboard tim ferriss bitcoin podcast of the sub-arguments contradict each. The breadth and depth of his interests and knowledge are truly astounding. I have listened to Tim for the last 5 years now and I always wanted to understand BitCoin and how it worked and I can say this is the smartest, easiest and most profound podcast on BitCoin and CryptoCurrency. I feel like saying [inaudible] should get on. In the old days if I was encrypting something, we would both have the same key or I would take your key, I would encrypt with your key, send it to you, you have the key; you can decrypt with the key. Is privacy useful? You are commenting using your Twitter account. So we started with Bitcoin the blockchain, which is around transferring money. Published on Feb 6, Cryptocurrency makes way more sense now! The problem is there is no ebook version of it, so I would need to send physical copy. What are the benefits?
This is one of the crazier things about this concept because money and speech turn out to bitcoin satoshi nakamoto financial crisis best altcoin for gpu mining the same thing. To claim your free month and see how the brand new Freshbooks can change your business, go to FreshBooks. Learn. It gets exponentially more difficult to deny or take back that this transaction took place. More Report Need to report the video? This podcast is also brought to you by Audible. Okay, very cool. People worry about privacy, but that seems to be going the wrong direction. So, historically the central bank would maintain the sanctity of the measure, or the fact that you have a certain dollar bill with a serial number on it maintains the sanctity of the ledger. In prediction markets, people can actually make predictions and get paid if their predictions are correct or lose money if their predictions are wrong. Name required. You plug it in; it bitcoin motherboard tim ferriss bitcoin podcast its own chip on it. What is Ethereum? You are commenting using your Twitter account. Please try again later. Unsubscribe from TheProtocolTV?
So you have to adapt old ideas to the future. Anyway, I hope you continue interviewing people working and innovating in this field. Any updates on when it will? Sign in to add this to Watch Later. Get the Stitcher App Send a link to your phone to take your podcasts on the go. Would you go for larger blocks or would you go for a second layer? How the blockchain is changing money and business Don Tapscott - Duration: I was just thinking of a friend from New Zealand for a host of sort of coincidental factors; he just had huge, huge nightmare on his hands that took months to resolve. Comment Rules: There are also local meet-ups.
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Who was interviewed? They can do it through this very slow and very inefficient computer but it removes all these layers of humans, bureaucrats and toll takers from the operation. Not the same kind of outrage, though. Andrei Jikh , views. Funny, thats what people were saying years ago when you could buy Bitcoin for a few cents. You have to hone it. Every tweet I put out, I now know that even if I attack a general class of activity, all the people who are engaged in that activity will respond. Naval, do you have any other questions before I wrap up with a few? I want a front row seat on that one. Imagine if every time you upvoted, commented, or created content, it was mining cryptocurrency. Bruce would be great, and so would Mikko Hypponen mikko to explain some of the downsides to the digital currency. Yeah, and when the Fed wants to distribute currency they give it to the banks, and guess what? Thanks, Norman. I tried to recreate this in cyberspace using proof of work; Adam backs hash cash. What cryptocurrency is Nick an investor on? The same is true for the US Dollar. So these free protocols are becoming poor assumptions.
You guys mentioned Twitter earlier. Very glad to see this discussion on here! This was effectively an interview of Naval Ravikant. Or was it a handful? They cited your social scalability article. Unenumerated Twitter. A drier way to do this is called parametric contracts. The social scalability argument I think is a very powerful one. I am not. If I had to adjust something, it would be nice if Tim reigned in Naval on some the conversation, Naval tends to go on and on and sometimes off topic to always make some sort of point rather than being informative. Loved the episode Tim. I tweet mainly because why do you have to upload id coinbase balance not updating ethereum wallet helps me clarify my own thinking. Thanks so much for putting these incredible thinkers on our collective radar. First I would plug them into the existing banking system in a much better way. Bitcoin Problems - Computerphile - Duration: Bitcoin Knowledge Podcast.
Watch Queue Queue. There are sites, like Local Bitcoins and. It is highly recommended to only use Bitcoin addresses once to avoid your identity being revealed either through a specific purchase or other means. The value is getting captured by the fat protocol. Anyway, Satoshi had an innovation where he uses this proof of work as part of the security. Can you give any teaser snippets or concepts from the Industrial Revolution? You can think of your house as having attack surfaces; there are windows and doors and places where people can get in. You do not need to be technical or an engineer to enjoy it and get a bitcoin motherboard tim ferriss bitcoin podcast out of it, because at the core we are really looking at how two people who are very, very smart, meaning Nick and Naval, process the world; what lenses they use to view the world, and how that dictates their actions and how they get better results. Almost found Naval rude in how he would force his dialogue. Where does the limitation come from? TED 1, views. Those are apparently the most important earliest uses of metal; not knives or bow to buy bitcoin is ripple about to take off in price or tools. Second, he edits for his fans; makes sure everything is clear, and then he edits for his haters so that he can steel man and bulletproof things to the extent possible.
I think the accidental limit from text messaging days turned out to be a huge bonus for Twitter. You can think of the primordial, granddaddy of all smart contracts a the vending machine. I want to say I heard Falcoin? This podcast is also brought to you by Audible. Yeah, we still have the copy and now the technology has gotten better. There we go. To claim your free month and see how the brand new Freshbooks can change your business, go to FreshBooks. PhDs talking about relying on machines and maths. Like if you get an order, the salesperson has to give the order to the accounting department, and they have to give the order to the manufacturing people. In the old days if I was encrypting something, we would both have the same key or I would take your key, I would encrypt with your key, send it to you, you have the key; you can decrypt with the key. If you had a gigantic billboard and you could put anything on it, just a message to get out to millions of people or more, what would you potentially put on that? There are these crazy, complicated proofs that go into proving who still has what money. As always thanks for the awesome podcast!! The money laundering laws are such that if somebody does something that looks suspicious, you have to block it. So those two things, especially the software upgrades end up getting very politicized. Fortune Magazine 14, views.
Transcript
We dig into all sort of nooks and crannies, including what Nick might work on in the future; what fields does he want to explore, and so on. It is highly recommended to only use Bitcoin addresses once to avoid your identity being revealed either through a specific purchase or other means. I tried to recreate this in cyberspace using proof of work; Adam backs hash cash. BitGold was a design on the theory to use as proof of work as what I call unforgeable costliness, or to constrain the supply curves. Does that make sense? But to the average person that means nothing. It might be worth going into what are the key innovations that enabled Bitcoin. Anyone with knowledge on this, please feel free to chime in! In the forks you just talked about, Zcash and Litecoin, they started out from scratch. I want a front row seat on that one. Any genuine security professional taking the merest glance at the code will tell you this. One of my favs, loved the talk on Pascal scams quite a golden nugget. A lot of that just belongs in the blockchain. It will be too late from an investment perspective but not from the utilization standpoint. I think that might help some people.
Nick, could you maybe help us with some definitions? And then supply and demand and that gets game a lot. TechCrunchviews. Any other books that come to mind? Everything crypto mining stats crypto adjusted market indicators in the economy domestic or international follows. You can think about it in a couple layers. Definitely dig in. Nick, what are the biggest misconceptions or common misunderstandings related to cryptocurrency or Bitcoin? Add to Want to watch this again later? Then you have to deal with the fact that our intelligence evolves in reaction to our environment, and even genetic algorithms evolve in reaction to fitness functions. Thanks for the patience! Thanks, Norman Like Like. Is this the point where it makes sense to talk about smart contracts? Like if you get an order, the salesperson has to give the order to the accounting department, and they have to give the order to the manufacturing people. They are an absolute joke and a mess from a security perspective. Add to. But also at the same time, and not coincidentally that it happened at the same time, they invented the hourglass. That could be a book, a newspaper, a magazine, or even a class. Frustrating that he kept speaking for Nick. I love read your blog I cryptocurrency used for cryptocurrency frenzy visit every week and read your informative articles from your website.
Everything else in the economy domestic or international follows. So you can think of writing this in a contract tediously that if the party of the first puts in a quarter, the party of the second will give them back — But of course you want to do this in a machine. And I would agree, the depth and breadth of what you cover is really astonishing. This podcast is also brought to you by Audible. SP Hodler 61, views. The next video is starting stop. Sign in to add this to Watch Later. Those are the two basic things smart contracts can do. Cancel Unsubscribe. BBC News , views. Notify me of new posts via email. They would have tattoo marks on their arms to measure the length of shells and that told you the denomination, the value of how valuable that shell was which corresponds to how scarce it was in nature. This feature is not available right now. They cited your social scalability article. You need scarcity in the system. Bitcoin had an additional breakthrough or two that would imply that BitGold did not, but BitGold was the giant on whose shoulders Bitcoin stands.
Autoplay When autoplay is enabled, a suggested video will automatically play. Tore is a version of applying it to communications. I completely disagree. But people try. Bitcoin Ethereum quantum computing coinmama services my state Podcast. Choose your language. Does the infrastructure exist? It still feels like the golden era for cryptocurrencies though so better now than in another five years time…. Why is it important? Basically changing that ledger, right? Same. Sign in to report inappropriate content. For those of you who enjoy Naval here, you may also enjoy his first episode with me fromwhich was voted on Product Hunt the second best podcast episode of the year against all podcasts with the exception of my Jamie Foxx episode. Once a computer can do something, the gap is just going to keep growing and growing. Yeah, could we bitcoin motherboard tim ferriss bitcoin podcast just for a second about what is Bitcoin? The worst place for a poor assumption on a protocol is a protocol for exchanging money. In the old days if I was encrypting something, we would both have the same key or I would take your key, Where does bittrex get btc to usd cheapest way to transfer bitcoin would encrypt with your key, send it to you, you have the key; you can decrypt with the key. But I think to understand blockchain computer you sort of have to get into the math and the code and the hard stuff. Learn .
There are other parameterized contracts as well based on other things that computers can sense and measure. Tom Ferry 7, views. What are the factors that determine that? Over what period of time did you teach that class? The volume on those kinds of distributed exchanges has gone up a lot. TheTedNelsonviews. They will choose BitGold and its successors over real gold. Are they using it? Right now, securing your Bitcoin for yourself is still difficult. But those assumptions are breaking. So why make the tradeoff? It had a thing called separation of duties, where as we talked about multiple people signing off on things and looking at things, and you have to go through multiple stages. A gigantic hashrate for bitcoin gold hashrate list gpu Everything else in the economy domestic or international follows. So a contract is promise and fulfillment of promise. Remember what Fonzie was like?
And these protocols power the internet. What is wet code versus dry code? Cancel Unsubscribe. Rating is available when the video has been rented. I have listened to Tim for the last 5 years now and I always wanted to understand BitCoin and how it worked and I can say this is the smartest, easiest and most profound podcast on BitCoin and CryptoCurrency. I have two obvious things to share that did not come out in the interview:. I listen to a lot of your stuff and this was the best. And so markets have traditionally been a tool where we can communicate what we want and how much we have for it and stuff, and that really economizes. Okay, fine.
They were hour-long lectures, so I tried to cram too much into that hour. The beauty is the fly in amber analogy, the great one because once you and I have done a transaction and the network has agreed on the transaction, going back and undoing it is nearly impossible. Facebook Twitter Email Reddit Print. The breadth and depth of his interests and knowledge are truly astounding. Nick had this great tweet that I liked that said: Is exchanging money useful? We have lots of memory, lots of disk space, lots of bandwidth; not vast amounts but enough that you can take a small transaction and replicate it around the world and make thousands of copies. There are thousands of copies of these things running on what are called full nodes all over the world. There are these crazy, complicated proofs that go into proving who still has what money. I would not be thinking about going into investment banking right now because a lot of that job is going to be automated.
If you look at bit torrent, which is the file sharing technology which accounts for a ridiculous amount of internet traffic, invented by Bram Cohen, that thing on a given day can account for a quarter to a half of internet traffic. You are commenting using your Twitter account. The more easily outraged you are, the less I want to have to do with you; be gone. You can put it on a piece of paper and stick it in your bank account. Who was interviewed? This video is unavailable. Once a computer can do something, the gap is just going to keep growing and growing. Thanks for all you do! I love read your blog I almost visit every week and read your informative articles from your website. Can you just forge that ledger? Choose one of the above books, or choose any of the endless options they offer. Have not had an issue before.