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Best of Bitcoin, Blockchain & Crypto Revisited AZ TRT S05 EP44 (260) 12-1-2024 Best of Clips on Bitcoin, Blockchain & Crypto from previous shows…… Exchanges w/ John Denza of ErisX Crypto News + Blockworks on Blockchain & Bitcoin w/ Jason Yanowitz Bitcoin, Bonds, Credit Markets and Reserve Currencies w/ Greg Foss Blockchain Mass Adoption thru Casper Labs w/ Mrinal Manohar Seg. 1 Clips from Tech on the Rise from A.I. to Blockchain - BRT S01 EP 40 11-08-2020 Link to Full Show: Here Things We Learned This Week AI w/ Naru of Aptus AI AI - artificial intelligence is used daily by the world in - search, big data, speech recognition, V/R, security, robotics, etc. AI helping in healthcare, assist Doctors Blockchain & Crypto w/ John Denza of ErisX Blockchain is a cryptography database Bitcoin is a store of value that operates on the blockchain network Guest: John Denza, Chief Commercial Officer w/ ErisX https://www.erisx.com/ https://www.erisx.com/about/investors/ https://www.linkedin.com/in/john-r-denza/ John Denza has 15+ years as a successful Exchange and Financial Technology Sales Professional with a strong desire to leverage these skills in the Cryptocurrency space. He has a passion to build new Disruptive Markets while fostering relationships with Clients and Hedge Funds. Avid researcher of Cryptocurrency market structure, long term enthusiast and investor across multiple venues. He is focused on applying his Exchange and Electronic Trading experience to the Cryptocurrency Trading community. ErisX: With in-depth experience in delivering and operating a fully regulated market place at Eris Exchange, ErisX has ventured into the digital asset space with a broad offering of both spot and futures contracts on one platform. ErisX integrates digital asset products and modern technology into reliable, compliant and robust capital markets workflows. Starting with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC), the ErisX solution provides trading, deposits and withdrawals on a stable, proven capital markets technology infrastructure. Seg. 2 Clips from Blockworks on Blockchain & Bitcoin w/ Jason Yanowitz of Blockworks - BRT S02 EP21 (68) 5-23-2021 Link to Full Show: Here What We Learned This Week: Blockworks is a Financial News Site about Digital Assets - ie: Blockchain & Crypto Bitcoin is bigger than Elon Musk What is a token? Ethereum = Blockchain, Ether = token crypto Ethereum move to Proof of Stake for better payment speed Crypto Exchanges (ie - Coinbase) and future of investing and ETF creation Guest: Jason Yanowitz of Blockworks Media Co. https://blockworks.co/about-us/ https://www.linkedin.com/in/yanowitzjason https://twitter.com/JasonYanowitz Jason Yanowitz background is in finance and VC work. He started Blockworks with his partner in 2018 to be the premiere source for blockchain and crypto news and information. The site has blogs, webinars, news stories and a podcast. Jason discusses all things Bitcoin, Crypto and the Blockchain form what each is, to Mining, and energy & the Elon Musk comments (and validity). We break down Web 3.0 on tokens, NFT, and the alternate crypto coins. Understanding the creation of Ethereum, the founders, the protocol, and the difference vs Bitcoin. How will the Ethereum upgrade roll out, and if payments will be transacted faster with proof of Stake. Then we expand to the Crypto Exchanges, and Investing, funds / ETFs, and the future of the industry. Seg. 3 Clips from Bitcoin, Bonds, Credit Markets and Reserve Currencies w/ Greg Foss - BRT S02 EP24 (71) 6-13-2021 Link to Full show: HERE What We Learned This Week Bitcoin is Digital Energy Bond and Debt Markets cannot hold up, way too much debt with Governments worldwide Bitcoin could become Reserve Currency as Fiat currencies like the Dollar collapse Credit Markets need to be monitored as an Investor $900 Trillion Total Global Debt Guest: Greg Foss Links: https://twitter.com/FossGregfoss / https://ca.linkedin.com/in/greg-foss-a553ab32 Bitcoin as Portfolio Insurance Paper - https://bitcoinmagazine.com/markets/executive-summary-why-every-fixed-income-investor-needs-to-own-bitcoin-as-portfolio-insurance http://www.worldgovernmentbonds.com/cds-historical-data/ Greg Foss is a former credit trader, who has worked in finance and the bond markets for nearly 30 years. This talk is a breakdown a paper Greg recently wrote entitled – ‘Why Every Fixed Income Investor Should Needs to Own Bitcoin as Portfolio Insurance'. He gives an overview of the credit markets, how bonds work, interest rates and inflation and US Treasury historical rates. Greg ties this to the overall market, currencies (fiat and hard assets), stocks and the effects current Government deficits have. Greg tells every investor to pay attention to credit markets as they are indicators of what is going on with stocks. His belief is the US Dollar is dwindling as the reserve currency, and Bitcoin (not Gold) is the better hedge vs inflation. Greg thinks Bitcoin will one day replace the US dollar as the reserve currency of the world. He goes further to give his insights on Bitcoin, the intrinsic value and where it will be in 10 to 20 years. Seg. 4 Clips from Blockchain Mass Adoption thru Casper Labs w/ Mrinal Manohar - BRT S03 EP20 (119) 5-15-2022 Link to Full Show: HERE Things We Learned This Week Casper is designed to accelerate enterprise & developer adoption of blockchain technology today and evolve to meet user needs in the future. Blockchain: key features are missing in the industry, that hinders enterprise adoption, ease of use + speed Blockchain – best form of copy / data / IP protection (Smart Contracts) Blockchain will cost more because the security, and copy protection is better Fees in Blockchain are expensive & inconsistent, there is a need to standardize and make predictable Guest: Mrinal Manohar, Casperlabs CEO https://www.linkedin.com/in/mrinal-manohar-84422a9/ https://casperlabs.io/ https://casperlabs.io/company/meet-our-team https://www.youtube.com/results?search_query=Casperlabs+CEO%2C+Mrinal+Manohar Mrinal Manohar is co-founder and CEO of CasperLabs. Mrinal Manohar has an extensive career as both a computer programmer and a finance professional. Before founding Casper, Mrinal was a principal and the technology/media/telecom sector head at Sagard Capital, a ~$1b long-only hedge fund. Mrinal also previously served as a private equity associate at Bain Capital in Boston, and as an associate consultant at Bain & Company. Mrinal has been personally investing in the blockchain industry since 2012 as a seed investor in Ethereum, Blockstack, Basis, Maker, Filecoin, and more. Mrinal holds a Master of Science degree from Carnegie Mellon University. BRT 3.0 - Best Of Bitcoin, Blockchain, & Crypto 2021 w/ Greg Foss, Blockworks & Swan Bitcoin - BRT S02 EP22 (69) 05-30-2021 Clips from past show segments of BRT talking Crypto & Blockchain topics in 2021 from the exchanges, legal, smart contracts, Bitcoin investing, & Blockchain / Crypto news service. https://brt-show.libsyn.com/brt-s02-ep22-69-05-30-2021-brt-30-best-of-bitcoin-blockchain-and-crypto-2021 Tech Topic: https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science Bitcoin / Blockchain / Crypto Shows: HERE Biotech Shows: HERE ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Buy lowish sell highish (shoulders and knees) Buy low, sell high is the old adage but is nearly impossible How to be ok selling for a gain before the absolute peak and buy before the absolute bottom Affordable project: https://www.smartseasociety.com/nft-tiers drop link: https://magiceden.io/launchpad/smart_sea_society NFT NewsRantum NFT Market Data, Cryptoslam.io NFT Headlines: Ethereum Merge Coming in August 'If Everything Goes to Plan': Core Dev - Decrypt Soulbound Tokens: What An SBT Is And Why You Should Know eBay launches its first collection of NFTs in partnership with web3 platform OneOf | TechCrunch Rough transcript:" [00:00:00] GEorge: Today all about affordable about the strategy of lowish and sell. [00:00:45] Highish basically named for the shoulders and the knees when rather than peak and trough, Andrew, how's it going? What's in the news. [00:00:57] Andrew: Going yeah. What are we seeing see, we've got, oh, it was this. to, uh, you know, people following Ethereum closely, uh, there's news, the merge, uh, is coming in August. That may mean nothing to you, but this will. Transition Eve from a proof of stake to proof of which will reduce, eats. [00:01:21] Energy, uh, the energy consumed. What needs is the run for transactions? Um, there's a lot of other upgrades that, uh, are somewhat technical, but it is big news. It's been pushed back a few times. So if it really is coming in August, that is, uh, that's very good for Eve. Um, and is soon. [00:01:42] GEorge: Yeah, I think there's also upside for layer twos. If I'm understanding some of the news that has been coming out about, how that's going to be making it more efficient to push in blocks and for, you know, things like polygon, optimism, layer, twos that live on top of. Live on top of them with Urime. So I'm very optimistic about it, but I'm trying to abide by my original many rules of don't get too excited. [00:02:10] And don't, over-hype things coming in The future. Everyone's not going to come running east, not going to suddenly triple it'd be nice If it did. Lord knows because actually, you know, recently there was also a hiccup. Uh, Blockstack where they had to like roll [00:02:23] back something like seven blocks and reorg some questions about, you know, [00:02:26] as [00:02:26] their instability. So be [00:02:29] a still very long, you know, a or more to that launch, [00:02:34] because guess what they're building in public, they build on the chain, they build in these public calls and [00:02:39] people are going [00:02:40] to be, you know, playing up and playing down all [00:02:42] of the natural things that happen. [00:02:45] When you try to launch this the macro picture makes me very happy that it's moving [00:02:49] into a much more base and environmentally friendly. If just being raw about the amount of to maintain a Yeah, I think it also can help shift a lot of the narratives that are, um, are out there. So. I'm excited about that part as well. let's see some from, uh, one of the Ethereum valid founders, the most well-known the talent. Peter wrote a post on Seoul bound Lots of the idea of a soul bound token is that unlike an NFT, they would not be able to be transferred to another wallet. this would be, uh, the idea is that it could be used for something. And accreditation a degree or, um, that you earned personally, but somebody else would not be able to just take over. Um, so I think this is something that you'll be hearing more about. There's a lot of, uh, a lot of discussion about it. [00:03:40] Andrew: There aren't projects or anything out yet, but I think it is like to, to just be aware of, and start learning about, because I'm sure we will start seeing more, uh, later in the year. [00:03:51] GEorge: Yeah, there's a lot of ups, you know, there's a lot of upside to which you can see there. it's like oh, what if your wallet gets hacked? Well, again, there are, if it can't be transferred, then it's always associated with that address. So, you know, things would have to go very, very sideways for you to, like completely lose And even if You did it, imagine there's a You are a fingerprint is essentially on the NSC [00:04:14] itself, your fingerprint being that Ethan address, or maybe even identifiable information, you know, there's a lot of different applications that are associated with that. and might, you know, make things like accreditation And things that are inherently you as identity, [00:04:28] uh, be married to certain types of logs that you choose to use. it's not, a headline, but then becomes like, holy cow, could you [00:04:37] believe that like this new technology came do these 60 other [00:04:41] things [00:04:42] and you know, it's kind of, to, to understand that the second order of X, but I tend to, listen when, uh, when Vitalic because [00:04:50] smart. Yeah, I little while for it to uh, to get around because he does lot of words to say it and who it's not, it's not the easiest to read the first time through, so it's good to have other people talking to them about it. And I think we'll start to see people start acting on this a bit more. news of note was the eBay launched an NFT uh, in partnership with, uh, waiting with Wayne Gretzky. So I think, yeah, I don't think this is much of an NFT to, to pay attention to. I think it's a bit more of, um, uh, companies trying to gain some relevance, gain some, some news headlines, uh, Making their way into NFTs. [00:05:36] Andrew: I'm definitely not recommending recommending to mint this unless you happen to be an Wayne Gretzky fan, but, um, just, just, uh, be aware of when companies are getting have, uh, many other ties. [00:05:49] GEorge: Whatever you miss a [00:05:50] hundred per shots you don't take. I got to go mint one. I'm going to go [00:05:53] Andrew: Good. One good one. [00:05:56] GEorge: I had to, you know, I had to, looking [00:05:59] Andrew: All right. So we are getting back to, oh, I'm sorry to get someone else. [00:06:02] GEorge: yeah, just really quick. I to like the overall market, because it was pretty aggressively the other week it's going down. [00:06:10] but not as much it's [00:06:12] Andrew: The pace is slowing down. [00:06:14] GEorge: We're bleeding less How about that? The, the rate of death? Uh, no, the overall NFT market, 16% down looking at a trail in. seven days. Uh, Solana less than a lot of other platforms stop platforms, uh, as opposed to overall and, uh, shout out to our last week, watch the segway last week where we do. a Solano base. Cause we're trying to not be all food all the time. Uh, Solano base our first choice of cardboard citizens. Uh, even though we couldn't mint it because of how fast and awesome the Salada network is uh, it meant it at 1.5 And it's currently sitting at five, five, uh, salon, so five soul. So that would have been a good, nice flip for anyone who listened and executed. [00:07:04] Good, good job to you. If you were able to get in. Uh, or even pick up something off of four before this one went up but it is in the top 20 and certainly in the top number of so lot of NFTs going and play. So keeping on with, uh, the hot hand that I feel like I have based on absolutely no data, minimal research, obviously this is not financial advice. [00:07:28] I'm looking at smart C society, smart S E a society. And this is on magic Eden, and this is going to drop because I'm trying to find things that are upcoming on the launchpad, because I think there is a market that is more and more sniping. These types of. Newly minted and launchpad. I think magic bean does a good job curating and building up and just they're there doxing things and checking it. [00:07:55] Uh, and they have an escrow in place. So like there's some validation that they're doing. And with this one, I see some utility, the actual art of these silly card, photo, realistic fish with different hats and whatnot on them. I think they're angler. And this be both a community, but also a tool, driven and Ft platform analysis and predictions built into it. [00:08:21] And it's going to be, I think, a salon of focus thing. So this is, I'm kind of going back on exactly [00:08:26] what I where, oh, be careful when you get all your money up front, how do you make money going down there? That's a question, certainly, but in terms of utility, it's got a heck of a lot more potential utility than let's off of a board aid that I'm watching. [00:08:39] Just sort of go on Solana. And I have no reason [00:08:42] why, other than it's mean, this seems [00:08:44] like a roadmap with things that are [00:08:47] completed, um, including, discord and other analytic tools in place. So, uh, Andrew, what are [00:08:54] you seeing here? at this on magic Eden. You know, I do like, that. They say that the team is doxed. As we mentioned, that is privately doxed. Um, they see funds go to a third party escrow interval list. In one day. I do like, there is some utility here, but it looks like it actually, it's not it's not a pass or a ticket type of, uh, NFT we've seen a lot of other, kind of utility based these are actually. Let's see, is there fish, I guess, of a sort with all sorts of different, characteristics to them. So I do like the visual image to them. I think that helps bring collectors in, um, that don't necessarily look at it Um, it helps people maybe try to trade up for better you know, it depends how it's done, but I think that's generally, uh, generally adds more value in the interest to a project. um, and I, if they can really do all these things that are saying they can do, I think that. Really cool tool to check out and, um, yeah, I'm definitely worth or think it's worth giving it a shot at this, um, 1.9. Uh, so mid price. [00:10:03] And again, I've found that on launchpad, that's going to drop, it, says five 20. So on 5 28, that's when it's gonna drop. And you know, you can, depending on you're listening to it, go onto magic Eden. I'll say that I have liked, I've really liked magic. I think it's a superior platform and many ways in terms of the analytics at open. [00:10:26] See, um, it shows you like really good price, distributions and activities. And I you know, it's, it's a, it's a platform and the more I've [00:10:36] gotten comfortable with it, the better I feel like I can, you know, at least make bad decisions faster and more informed. [00:10:44] Andrew: More informed or at least they're more informed, but no more informed about where, uh, where it's going. [00:10:51] GEorge: Yeah. Gosh only knows. And I will say I'm just, I'm still floored by how you know, You know, whatever five, but you know, the trip in ape tribe, which is, I want to be clear, pure and utter knockoff don't pass go, don't collect $200 of like, Nutanix, you couldn't, you couldn't even try less to do This and somehow, you know, its I want to be very, Those types of things have got very, very short shelf life. So when I'm looking in here, how has involved? Because if a project like this can take off and larger projects are going to be able to take off out of the salon and network. That means if someone is actually doing something artistically unique utility value, there is actually a decent chance that it. [00:11:45] Attract the type of people that are like, oh, wait a minute. This thing is actually a good thing, because I think there's a whole separate ecosystem that are like people that are so lonely and you know, more and more big things I think will come out of Solano, whether or not we can hit them with a dart. I don't know. [00:12:02] Anyway, there's your heartache. Remember not financial advice. I'm talking about fish. They give you access to analytics. [00:12:11] Andrew: wrong with. [00:12:12] GEorge: And with that. Alrighty, bye. Lower sell high-ish. So you've heard this adage of in the market of equities buy low and sell high, my son. And you will, you will do just I can't tell you impossible it is. And, and you can actually look on the blockchain and it's hilarious [00:12:30] to be like, there's exactly like zero people that perfectly [00:12:33] hit a high and a low, and I see something I want, it's like one out of a hundred [00:12:36] thousand. [00:12:36] Get it right. Okay. What that really [00:12:38] means is we have to emotionally [00:12:41] and psychologically be fine with hitting the needs. So the price somewhere toward where it's going to be belling somewhere in that bottom 10 to 20%, and then somewhere toward the peak. I mean, recently both, you know, you and I, Andrew were like, we sold before the peak of a [00:12:58] certain project and we were, you know, oh, well still made something, but. [00:13:08] Andrew: Yeah, I think it's, I think that's important to think about because a lot of the time you'll see, you'll see people wait too long to sell [00:13:14] and you know, the idea is, well, ah, should've sold [00:13:16] when, you know, when it was at two and now it's back at 1.8. Yeah. But I think like the next time it gets to two that's [00:13:23] when I'll sell and you know, and then it gets to [00:13:25] one point. You know, it, it gets to [00:13:27] 1.9 or something, but it doesn't get to that too. And you know, all, I think it's [00:13:31] going to keep the learner, maybe getting it gets to you. You're like, no, no, no, [00:13:33] It's going to keep building this time. you've even realized you you've come to the realization that maybe there's no there's new, new catalyst coming. [00:13:40] That the, the news that already had already broken. And it seems like the market, you know, took it, took it fine, but maybe it wasn't as excited as, as you had hoped. And you keep hoping that it's gonna, that the next thing is going to come and. You know, I don't like to be in that position of just coping. I like to look, be able to look towards something and say, you know, I think that there's a reason that this is going to, to hold value or that, that, that value will be added And, you know, it's something that I try to keep in mind and, you know, certainly not saying that I am always able to sell it the right time, but I think you've got to realize. At times you got to look at, not getting back to You're probably not going to be the one to sell it at the exact tie. [00:14:22] And that if, if there's, you know, if it's volume and sales are waiting and there isn't something coming that maybe, you know, maybe it's worth selling at a, you know, not at the all time high, but still at a price that. It's going to give you a profit and that you can leave knowing that, you know, you did pretty well on it, even if it wasn't the absolute maximum that could have been away. [00:14:48] GEorge: Yeah, I think I've made the mistake of holding [00:14:49] too long [00:14:51] rather than, you know, selling too soon, more often and more damaging, I'd say, uh, over, you know, [00:15:00] Andrew: Yeah, I think that's selling too soon. [00:15:03] I don't know. I mean, there's definitely times where if I [00:15:04] sold too soon and I think [00:15:07] it's because when I think of too soon, it's because I sold too soon, almost in relation to the, the event that, that I thought was going to drive the price up a bit. Um, and I think if you do something, think something in going to add value. [00:15:21] Let that play out before. Before selling, um, let it play out a bit, but also realize that you can sell on the way up and that yes, there could be a higher price, but you've also got the sale when there's attention and volume on the project, because we know that volume can drive really quickly. And that piece there's nothing changed. [00:15:41] Even the perception of the project or the artist, maybe hasn't changed, but people have just they don't want to buy anything. Oh, [00:15:50] GEorge: Again, things sit on the shelf for 2, 3, 4 days. and you're being like, well, what happened? I thought the price was there. a floor price is there, but you also need the. absolutely. [00:16:01] So I'd say, you know how to be okay. Selling for a gain. I've heard the tactic of sort of when you buy a thing being all right, here's my threshold. I am fine with a three X or a five X on something. And if that happens, we're talking about affordable projects, so, you know, to be clear, you know, if you're getting in for like 0.1, like, let's just be honest. [00:16:20] If I think starts to go around 0.5, I'm going to get curious about selling. and you know, that's still booking, booking that uh, booking that when and you know, what comes up, comes back down. So you can always get back in. Usually when it comes on, comes on the backside, you know, what I was mentioning right. [00:16:39] I, um, I think I picked it where the current floor is, but I also got that drop. And so, you know, you're, you're saying like I get, there's a natural life cycle to these things and, and, and paying attention to where you where you are on that. But volume is a good indicator. Uh, what's going on and you, you want to ride that at any point because of the way that whales can kind of move into two different projects. And suddenly, you know, you had this floor price that was like pretty far above your price is pretty far above the floor. And all of a sudden [00:17:09] it's right there. Understanding what that [00:17:14] looks like and where you are [00:17:15] at those four distributions, those different plateaus. So are you between the plateaus or are you at plateau is another thing to consider when you [00:17:23] begin to sort of throw out the rod, cast it out there and wait for it. [00:17:27] Wait for a bite. Emotionally prepared. That's what I'd say. Be emotionally prepared. And one of the things I really do is I [00:17:43] stop looking at the fricking thing afterwards. That's my real trick. Just stop putting in the price. If you sold it, you done just don't do it. [00:17:52] Andrew: Yeah. You know, I think one thing to keep in mind and I said [00:17:54] this, I can't remember now, if I said this in this episode, I've said it in the past, when you're, when you want to watch some of these really closely, um, you know, there's times where I buy and I'm ready to hold that for a long term. You know, if it's, if I'm buying an artist piece that, you know, I, I really am not looking for a quick flip and there's other times where I, think you know, there is some momentum here and. that it can, you know, there's, potential for this to write up, you know, and sometime, You know, and I, I kinda know that this is one that isn't one that I necessarily think, or in confident will be there, you know, in a year that I didn't want to hold for six months. And, you know, in those situations, I, see it move really quickly. [00:18:33] I think that there's it's probably a decent time to look for a sale, have, if you did. You know, by two of them, um, definitely nice to be able to, to sell, um, at that point and realize that there's other people that hold are going to see that that price came up quickly and think, well, you know, maybe that and, and sell their piece. [00:18:55] And then it, you know, it does bring new listeners. You've when the fuller a floor price moves significantly. So if you are watching be potential to, you know, to maybe move in there before, uh, some other people too, and you know, take some profit and knowing
Building on Bitcoin with Stacks (STX) Brittany is an innovator, an educator and I am so blessed to have met her and call her a new friend. Brittany and I discuss the Stacks ecosystem, bear market, the meaning of DeFi, etc… We even talk about Ape Coin, utility with tokens, marketplaces, NFTs, smart contracts and more! This is an impactful episode that you do not want to miss! Tune in now streaming everywhere. Brittany Laughlin is the Executive Director of the Stacks Foundation, a nonprofit that supports developers and entrepreneurs looking to build web applications on Bitcoin. Prior to joining the Stacks Foundation, Laughlin served as the head of strategic partnerships at Blockstack PBC where she notably helped conduct the first US-qualified Reg A offering. At Blockstack, Laughlin helped expand Blockstack's ecosystem into Asia and created partnerships that furthered access to STX. Laughlin also served as a VC at Lattice VC and Union Square Ventures and has spent the last decade working at the intersection of community, capital, and internet collaboration as an operator and venture investor. Laughlin is currently an adjunct professor on Blockchain and Regulation at Cornell Law School in New York. Connect with Brittany and Stacks: https://twitter.com/br_ttany https://twitter.com/Stacksorg https://stacks.org/ Check out this episode with Hey Layer:https://directory.libsyn.com/episode/index/id/22377224 Check this article: Stacking Stacks is the Latest Way to Earn Passive Yield in Bitcoin - Blockworks Connect with Katie: NFT Artist | KC (chonacas.com) https://twitter.com/katiechonacas https://www.instagram.com/chonacas/
Muneeb Ali is another Bitcoin O.G. He's been in the space since 2011 and his project Stacks, formerly Blockstack, pulled off the first SEC-approved token sale for its STX token. But even though Muneeb has become the leading advocate for building dapps on top of the Bitcoin blockchain (as opposed to Ethereum), don't call him a Bitcoin maximalist. He tells Dan Roberts and Jeff Roberts how he fends off maximalists on Twitter, what he'd do if he were Twitter CEO, and how the Stacks ecosystem is growing and proving Bitcoin can be more than just a store of value. For more from Decrypt, visit decrypt.co and follow @decryptmedia on Twitter. Hosts, guests, and credits: Dan RobertsTwitter: @readDanwrite Jeff RobertsTwitter: @jeffjohnroberts Muneeb AliTwitter: @muneeb Podcast art by Grant Kempster gm from Decrypt is a Redd Rock Music PodcastInstagram: @reddrockmusicwww.reddrockmusic.com Hosted on Acast. See acast.com/privacy for more information.
Muneeb Ali is another Bitcoin O.G. He's been in the space since 2011 and his project Stacks, formerly Blockstack, pulled off the first SEC-approved token sale for its STX token. But even though Muneeb has become the leading advocate for building dapps on top of the Bitcoin blockchain (as opposed to Ethereum), don't call him a Bitcoin maximalist. He tells Dan Roberts and Jeff Roberts how he fends off maximalists on Twitter, what he'd do if he were Twitter CEO, and how the Stacks ecosystem is growing and proving Bitcoin can be more than just a store of value. For more from Decrypt, visit decrypt.co and follow @decryptmedia on Twitter. Hosts, guests, and credits: Dan RobertsTwitter: @readDanwrite Jeff RobertsTwitter: @jeffjohnroberts Muneeb AliTwitter: @muneeb Podcast art by Grant Kempster gm from Decrypt is a Redd Rock Music PodcastInstagram: @reddrockmusicwww.reddrockmusic.com Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
Today we are re-sharing our Hash Power documentary. This series was originally released in September 2017 when 1 Bitcoin hovered around $4000 US Dollars. While so much has changed in the years since - these episodes are a great introduction into the technology, the power of decentralization, Bitcoin, Ethereum, ICO's, cryptography, and hashing. You will hear from a variety of industry experts throughout these episodes - please enjoy. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ---- Original Intro (10.10.17) In episodes one and two of Hash Power, we explored blockchain technology and cryptocurrency investing. In this episode, we discuss the current and potential future states of the crypto world. We cover new forms of cooperation, regulation, security and storage, and why blockchains allow systems to evolve at such a rapid pace. Be sure to listen until the end, where we close with some advice about conducting ourselves in a new world where creativity reigns and repetitive jobs disappear—a trend that may only accelerate thanks to blockchain technology and cryptocurrencies. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @patrick_oshag | @JoinColossus Show Notes: [00:00:05] – Intro to episode 3 and what to expect [00:04:00] – Olaf Carlson-Wee, founder of Polychain, on how the funding and investing in cryptocurrencies could easily get out of hand [00:05:00] – How people are creating holding companies to fund cryptocurrencies protocols [00:06:45] – Decentralized Autonomous Organization (DAO) and how they will replace the aforementioned holding companies [00:08:32] – Could fully decentralized organizations replace other more traditional organizational structures, even outside of cryptocurrency [00:09:59] – How can DAO's impact everyday lives [00:12:39] – Why your skills and accomplishments will become more important than who you are or where you are from [00:16:09] – Naval Ravikant, CEO of Angellist, on the way humans cooperate and build new entities [00:17:51] – When people will demand oversight and regulation over cryptocurrency [00:20:42] – Peter Van Valkenburg, Director of Research at Coincenter on the current state of regulation [00:26:06] – Jameson Lopp on security needed to protect your cryptocurrency [00:27:51] – Ari Paul, co-founder of Blocktower, on how nail polish is used to protect their crypto wallet [00:30:03] – Juan Benet explains the Filecoin Protocol [00:35:52] – Muneeb Ali, co-founder of Blockstack, on how his team is planning to provide basic tools that will allow the broader developer community to build apps that the cryptocurrency population will use [00:38:01] – Comparing blockstack to the analogy of creating a city [00:40:17] – How the blockstack token fits into everything [00:43:15] – Fred Ehrsam, co-founder of Coinbase, on forking in blockchains [00:47:52] – Naval Ravikant on how the idea of work will change in the future, and how that change helped to produce the idea of a blockchain in the first place [00:49:31] – Why curiosity should govern what you do in life [00:53:22] – Naval's framework for making money
William Mougayar is an early blockchain thought leader, entrepreneur, best-selling author of The Business Blockchain (Wiley, 2016, translated in 10 languages), and investor in several blockchain projects and companies. He was a special Advisor to the Ethereum Foundation in 2014 and is currently a Board Member at Swiss-based Blockchain Valley Ventures. William is the producer of The Token Summit, and manages WMX, an Iconomi cryptocurrency index. He is presently the Executive Chairman of the Kin Foundation. He previously held senior positions at Hewlett-Packard, Cognizant and Aberdeen Group, and founded 3 startups. Some of William's early investments include Dapper Labs (creators of CryptoKitties, NBA Top Shot and Flow), Blockstack, Ethereum, Filecoin, Kin, OpenBazaar and Roll.In this conversation we talk about William's background and intro to crypto, his experience advising Vitalik and the team during the early days of Ethereum, his introduction to Kin and how he differentiates Kin, his long term vision focused on the developer and creator economy, his views on moving towards a DAO model and the hype around meme coins and exchanges.Official Merch Store The official merch store of The Kin Show.
Stacks 2.0 (formerly Blockstack) is a layer-1 blockchain that connects to Bitcoin and brings smart contracts, DeFi, NFTs, and decentralized apps to Bitcoin. Smart contracts and apps developed on the Stacks platform are natively integrated with the security, stability, and economic power of Bitcoin. Why you should listen: Trevor Owens is the managing director at Stacks Accelerator. The Stacks Accelerator works with the Stacks Foundation's Grants program to deliver flexible, fair, and efficient funding options. It invests $50K at a no-valuation cap into teams solving real-world problems on Stacks. Stacks 2.0 implements a new mining mechanism called Proof of Transfer (PoX). PoX is a consensus algorithm between two blockchains. It uses an established blockchain (in this case Bitcoin) to secure a new blockchain (Stacks). PoX connects to Bitcoin with a 1:1 block ratio, meaning anything that happens on the Stacks blockchain can be verified on the Bitcoin Blockchain. Instead of burning electricity on proof of work, PoX reuses already minted bitcoins as "proof of computation" and miners represent their cost of mining in bitcoins directly. Clarity is a new language for smart contracts on the Stacks 2.0 blockchain. The Clarity smart contract language optimizes for predictability and security. Stacks 2.0 anchors clarity smart contracts to Bitcoin making it possible for smart contracts to operate based on actions seen on the bitcoin blockchain. Crash Punks are a 10,000 collection of unique and generative art profile pictures as Bitcoin/Stacks NFTs, inspired by the novel Snow Crash by Neal Stephenson. It's the first major collection by entrepreneur and crypto artist Grace Ng and will be the community dedicated to all of her future artistic work related to AR/VR, 3D, visual art, music, and neuro-feedback art. Supporting links: Stacks Accelerator Crash Punks Andy on Twitter Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
Building on Bitcoin with Stacks. Muneeb Ali was kind of enough to stop by and discuss his product "Stacks". Stacks is a proposed layer 2 technology that is built on top of bitcoin. A lot of people in the bitcoin ecosystem have reservations about products such as Stacks which have their own asset being built “on top of bitcoin”. Some say this is just a marketing ploy, so I asked Muneeb to come on to get to the bottom of it. Muneeb answered all of my questions and helps share the differences between proof-of-stake, eth vs his product, Stacks.Muneeb shares his passion for computer programming, the early days of bitcoin and what it was like starting up a company. His passion for Stacks is shown clearly through the dedication of his team and his willingness to come on and answer some tough questions. As Always, we appreciate you tuning into the Show. If you are new here make sure to hit subscribe and turn on notifications. This channel puts a lot of effort into its shows, we value your time and promise to keep the quality up. We are also always looking for ways to improve the show so send us any feedback you might have.Thank you as always and I will see YOU on the other side!-------------------Please make sure to like, subscribe and hit the notification bell. Doing so helps support the channel and bring in new and exciting guests.ALSO!!! Be sure to join the "Smart People Shit" telegram for a more in-depth discussion on what's going on in the world of bitcoin and receive exciting content that is exclusive to the followers in the Telegram. **Link to SPS Telegram**Http://t.me/smartpeopleshit-------------------Guest: - Twitter: @muneeb- Stacks: https://www.stacks.co/- Website: https://muneeb.com/Host: Dennis Porter - Twitter: https://twitter.com/dennis_porter_?s=21Producer: Jacob Pope- Twitter: https://twitter.com/producer_jacob?s=21----------------------------------------------------------SHOW SPONSOR:Special thanks to Cory and the team over at SwanBitcoin. It's the best place to buy bitcoin. Use the link swanbitcoin.com/MB to get $10 in free bitcoin when you sign up for a new account.Swanbitcoin.com/mb----------------------------------------------------------As a side note, this podcast is not financial advice. Any opinions expressed by the Host and the Guest are strictly for educational and entertainment purposes only and should be viewed as such. Thank you for your support and I'll see you on the other side!
Richard is a co-founder and Managing Partner at Fabric Ventures – a VC fund adapting the early, technical, and patient approach of venture capital to investing in Web 3.0 and decentralised data networks. Fabric invested in the likes of Polkadot, Ocean Protocol, Orchid, Blockstack, zeppelin_os, and Keep, among others. Richard combines a pedigree in open source, developer-oriented tools, and early-stage venture investing with blockchain focus since 2013, and has invested in Pantera Venture Fund, Bitstamp, Bitrise, Tray.io, Transferwise, and Citymapper. Richard was previously a 3x software entrepreneur, building/ scaling Automic (CA), Tideway (BMC), and Orchestream (Oracle) – reaching a cumulative market cap of billions. In this podcast we discuss: Starting companies versus investing What makes start-ups and their founders successful What returns should one expect in VC What is the Open Economy and Web 3.0 Centralisation vs decentralisation Books that influenced Richard: Strangers in a Strange Land (Heinlein), Future History (Heinlein), Atlas Shrugged (Rand), and The Third Chimpanzee (Diamond)
Join Alex & Jacki as they discuss the B Word Conference, held on July 21, 2021, with Steve Lee (Square Crypto) moderating a Q&A session with Elon Musk (Tesla, Starlink, Space X), Jack Dorsey (Twitter, Square), and Cathie Wood (Ark Investment) focused on Bitcoin. While Wood provided retail/institutional investors with honest insight on hedging against hyperinflation in emerging markets, Musk and Dorsey focused on the implications and applications of electronic peer-to-peer transactions made possible by the Bitcoin blockchain. ________________________________ Show Notes: 1:10 - Jack Dorsey sees Bitcoin as the native currency of the internet, allows underbanked populations to operate businesses from anywhere 1:30 - Cathie would advises hedging against hyperinflation — bitcoin can do that 1:50 - Remittance driving Bitcoin. 2:25 - fixed supply of Bitcoin 2:40 - democratization & transparency that Bitcoin allows 3:00 - Jack Dorsey working on a decentralized social media platform 3:15 - investments make the world go ‘round — and everyday people have transparent access 3:33 - Dorsey stated that Twitter and YouTube wouldn't have been reliant on the traditional advertising model if Bitcoin had been around at their inception. 3:34 - shifting from advertising model, Brave browser has a privacy based model where users get paid in the basic attention token (BAT) 4:40 - applications (apps) being built on the Bitcoin blockchain 5:00 - Blockstack adds smart contract functionality to the bitcoin blockchain 5:25 - Elon asked Jack about Twitter accepting crypto … Dorsey is focused on reward-based cryptos 6:00 - ESG: Environmental, Social & Governance and what Bitcoin means in this initiative 7:18 - Elon mentioned that crypto has to translate to real-world products and services. 7:35 - Bitcoin allows you to be your own bank 8:00 - self custody of funds … moving from the centralization model to owning your own private keys, ending counter part risk 9:08 - Jack! We can't wait to review the hardware wallet you're working on! 9:35 - Mycryptoadvisor.com helps all sorts of people set up hardware wallets 10:00 - Bitcoin and the future of the energy industry 10:45 - Elon's renewable energy future looks like wind, solar & battery cell storage. 11:00 - Jack Dorsey supports businesses that are utilizing all of the unused energy that is currently discarded and mentioned Great American Mining. 11:50 - Dorsey and Wood both touched on the innovation in the energy sector that are happening because of blockchain 12:05 - and soon we will talk about the blockchain projects focused on the renewable energy market 12:29 - Elon's take on government and corporations, Dorsey wants world peace, the tech entrepreneurs seek to separate state and money. 13:08 - Bitcoin maximalists have a bad wrap, Cathie Wood encourages leading voices to push their research and white papers out in transparent ways especially through social media 14:26 - Retail investors & small businesses, reach out to become your own bank, hold custody of your keys on a hardware wallet, and navigate decentralized finance applications (DeFi) that provide global financial services. 15:05 - “Money is an information system for labor application.” - Elon Musk 15:30 - Bitcoin and blockchain aim to fix the foundation of money. _______________________________________ Watch the B Word Conference here —> https://www.youtube.com/watch?v=Zwx_7XAJ3p0&t=1s
En esta Expert Session, hablaremos de todo lo que necesitas saber sobre que los Smart Contracts y DApps que se están desarrollando en Bitcoin Las DApps o aplicaciones descentralizadas, son un tipo de aplicación, cuyo funcionamiento se basa en una red descentralizada de nodos interactuando unos con otros. Un smart contract es un tipo especial de instrucciones que es almacenada en la blockchain. Y que además tiene la capacidad de autoejecutar acciones de acuerdo a una serie de parámetros ya programados. Todo esto de forma inmutable, transparente y completamente segura. 📙 Artículo de Academy: https://academy.bit2me.com/que-son-la... https://academy.bit2me.com/que-son-lo... 👨💼 Georgina García: DApp Designer Embajadora de Stacks en Madrid, y traductora del white paper no técnico de Stacks 2.0 . [Autora senior y fundadora de Smartists una App para artistas-autores en Stacks -todavía en construcción, testando mvp. Ahora mismo en fase de investigación de smart contracts para incorporar licencias de copyrights a los NFTs.] - landing: smartists.net - 💼RRSS Compañía / Empresa: → Website: Stacks.org (Fundación para la gobernanza y gestión de los fondos del ecosistema en apoyo de su misión, la construcción de un internet mejor sobre Bitcoin) - https://www.stacks.co/ (Todo sobre el ecosistema para developers y comunidad) - https://stackstoken.com/ (Todo sobre al criptomoneda STX) - https://stacks.ac/ (Aceleradora de Stacks) → Twitter: https://twitter.com/Stacks → YouTube: https://www.youtube.com/channel/UC3J2... 👩🏻🏫 RRSS Personales: Website : Georginamaurino.info (2021) LinkedIn: https://www.linkedin.com/in/georginag... Substack: https://georginamaurino.substack.com/ Podcast semanal en español "Hacia el Internet del Valor" para creadores de contenidos que quieren preparase para la web 3.0 - Sigle Blog: https://app.sigle.io/mirlo.id.blockstack Towards the Internet of Value (traducción al inglés de los podcasts) Nombre de la empresa [Smartists] 2019 : Research for a Blockchain solution for authors and digital art-users on Blockstack, the computing network to build apps for a user owned Internet. 2020 : Ideating, designing, prototyping... and community building. For more information see link below, and subscribe to keep track! www.smartists.net + Building the team developing a Decentralized App on Blockstack. 💌Suscríbete a nuestra lista preferente para enterarte por correo de nuestros próximos directos y actualizaciones importantes: https://news.bit2me.com/suscribete 🚀 Suscríbete a nuestro Canal: https://www.youtube.com/channel/UCBiA... #Token #NFT #IsidroQuintana #Blockchain #Bitcoin #Criptomonedas 📲¡Descárgate la APP! https://bit2me.com/download Compra y vende Bitcoin , Ethereum , Litecoin , Dash, Bitcoin Cash , Ripple y otras criptomonedas . Soporte telefónico en Español . Con tarjeta VISA / Mastercard , transferencia y dinero en efectivo . El mejor monedero ( wallet ) crypto. Nuestra web: https://bit2me.com 👉 Síguenos en las redes sociales: ➡ Facebook: https://www.facebook.com/bit2me ➡ Instagram: https://www.instagram.com/bit2me ➡ Linkedin: https://www.linkedin.com/company/9243641 ➡ Twitter: https://twitter.com/bit2me ➡ Telegram: https://t.me/Bit2Me_ES ➡ Spotify: https://open.spotify.com/show/1Tj4kyX... ➡ iVoox: https://www.ivoox.com/podcast-bit2me-... y por supuesto, dale a la campanita para activar las notificaciones 👈 ✍🏻 ¡Apunta! Conoce todos nuestros servicios: ➡ Wallet: https://bit2me.com/wallet ➡ Tikebit (compra criptomonedas en tiendas físicas): https://www.tikebit.com/inicio&lang=es ➡ Academy: https://academy.bit2me.com ➡ Crypto TV: https://tv.bit2me.com ➡ Crypto Converter: https://converter.bit2me.com ➡ Agenda de crypto eventos: https://agenda.bit2me.com ...y muchos más en nuestra web! 📲¡Descárgate la APP! https://bit2me.com/download
dlab PM Paul Saint-Donat chats with Muneeb Ali, Co-Founder of Blockstack and CEO of Hiro, about: - The origin story of Stacks - The advantages of a smart contract platform built on Bitcoin - The importance of having a formally verified programming language - The differences between IPFS, Filecoin, and Gaia - And more. Muneeb Ali https://twitter.com/muneeb Stacks https://www.stacks.co/ Paul Saint-Donat https://twitter.com/psaintdonat dlab https://dlab.vc/
In today’s episode, Anna (https://twitter.com/AnnaRRose) and James (https://twitter.com/_prestwich) chat with three representatives of the Cosmos ecosystem — Zaki Manian, Tess Rinearson and Shahan Khatchadourian — to learn all about its recent milestone upgrade, Stargate. First up is Zaki Manian (https://twitter.com/zmanian), co-founder of Iqlusion and Sommelier Finance, who sets the stage for what Stargate achieved and why the upgrade was the most comprehensive and complex yet for Cosmos. Next is Tess Rinearson (https://twitter.com/_tessr), VP of Engineering at Interchain, who recounted her deep involvement in the Stargate upgrade with an almost hour-by-hour replay. Finally comes Shahan Khatchadourian (https://twitter.com/shahankhatch), Cosmos Hub lead, who talks about his recent transition from the Ethereum ecosystem and how Stargate impacts the Hub, its users and its validators. Here are some links for this episode: * Cosmos and IBC with Chris Goes, Zero Knowledge episode 115 (https://www.zeroknowledge.fm/115) * Catch up with Zaki Manian, Zero Knowledge episode 108 (https://www.zeroknowledge.fm/108) * Diving into Cosmos with Sunny, Zero Knowledge episode 78 (https://www.zeroknowledge.fm/78) * An introductory article (https://blog.cosmos.network/stargate-architecting-v-0-40-of-the-cosmos-sdk-dd8cb3de8360) into Stargate and Cosmos. * How the Cosmos development teams (https://blog.cosmos.network/how-seven-teams-collaborated-to-deliver-the-biggest-software-upgrade-in-the-cosmos-universe-2288f4f9afe8) collaborated to deliver Stargate. Check out the latest Feb installment (https://zkmesh.substack.com/p/zkmesh-feb-2021-recap) of zkMesh, a monthly newsletter overviewing every important development in zk land. Subscribe now to receive timely updates by Anna and Mikerah (https://twitter.com/badcryptobitch) at the beginning of every month. Thanks to this episode’s sponsor, Least Authority (https://leastauthority.com). Least Authority is a security consulting company known for their dedication to pushing the limits on how to build privacy-respecting solutions. Known for audits of Eth 2.0 Specification, Protocol Lab's Gossipsub Protocol, Mina Protocol, Kolibri Smart Contracts and Stably’s Tezos Stablecoin for Tezos Foundation, Blockstack's Investor Wallet, and more. They want to help teams improve the security of their protocol and use of cryptography, including zero knowledge proofs: from design to implementation. With over 50 completed public audits to-date, join the growing list of audited projects, book a free consult at leastauthority.com/consult (https://leastauthority.com/consult) *If you like what we do: * Follow us on Twitter - @zeroknowledgefm (https://twitter.com/zeroknowledgefm) Join us on Telegram (https://t.me/joinchat/B_81tQ57-ThZg8yOSx5gjA) Catch us on Youtube (https://www.youtube.com/channel/UCYWsYz5cKw4wZ9Mpe4kuM_g) Read up on the r/ZKPodcast subreddit (https://www.reddit.com/r/zkpodcast) Give us feedback! -https://forms.gle/iKMSrVtcAn6BByH6A Support our Gitcoin Grant (https://gitcoin.co/grants/329/zero-knowledge-podcast-2) Support us on the ZKPatreon (https://www.patreon.com/zeroknowledge) Donate through coinbase.commerce (https://commerce.coinbase.com/checkout/f1e56274-c92b-4a99-802f-50727d651b38) *Or directly here: * ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ
My guest today is Muneeb Ali, Co-Founder of the Stacks Project (formerly Blockstack) and CEO of Hiro. On this episode of Empire, we talk about Muneeb's upbringing in Pakistan and the sacrifices his family made to get him his first computer, military dictatorship vs democratic rule, how he lied about a grant to get a job in Sweden and then ran out of money, and why it's better to build on Bitcoin than create a new chain. ––– Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts. Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!
Joe Bender and I sat down for some time to chat about Blockstack and what they're all about. They have a lot of amazing enterprise-grade decentralized applications that present solutions I haven't seen elsewhere. We dive into what they're headed in the future, what they do, and how you can benefit from it. Blockstack is an open-source and developer-friendly network for building decentralized apps and smart contracts. Blockstack inherits Bitcoin's security through Proof of Transfer, enables you to write secure smart contracts with Clarity, and brings it all together in one decentralized network maintained by developers from all over the world. More than 500 teams are already building on Blockstack.
Blockstack PBC's Head of Growth reconnects with Jeremy Welch to talk about the future of Bitcoin, one they agree is boring...in a good way. Jeremy reflects on his learnings from the early days of working in the space and connecting with the Blockstack team as a starting point for pointing out just how resilient Bitcoin has repeatedly proven to be. They discuss why this makes it an ideal foundation for another wave of innovation and human empowerment.See omnystudio.com/listener for privacy information.
In this episode, Michael Anderson of Framework Ventures joins Patrick Stanley of Blockstack PBC to discuss how investing in open protocols is a unique challenge and how Framework has adjusted the typical VC model to account for it. Later, they get into how staking and similar action are being used as a mechanism to bootstrap network growth and how we might approach solving the 'free-rider problem'.See omnystudio.com/listener for privacy information.
"As the crypto industry makes progress toward Web 3.0, we'll come to realize that it's hard to beat the security and network effects of Bitcoin." - Muneeb Ali Another great article from Bitcoin Magazine, this one by the founder of Blockstack, Muneeb Ali, on the superior security and foundation that Bitcoin can provide to Web 3.0. How its perceived "limitations," may be what makes it the best foundation we could have. It also sparks a long Guy's Rant on the value of on-chain vs off-chain contracts, the doubts on the "tokenization of everything," & why smart contracts are only as good as the token they contract in (not the other way round). This isn't to be missed. Check out the other great stuff at Bitcoin Magazine that I won't be able to cover, plus the original articlewith links to dig further in at the link below: https://bitcoinmagazine.com/articles/the-king-of-blockchains-bitcoin-can-become-the-foundation-for-web-3-0 Mentioned in the episode for further Rabbit Hole Research: Szabo's "The Dawn of Trustworthy Computing" https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_113---The-Dawn-of-Trustworthy-Computing-Nick-Szabo-e2ndr3 BitcoinHalving.com 21 Hour Live Stream: https://www.bitcoinhalving.com/ Don't forget to check out Swan Bitcoin! Start your Bitcoin savings plan by clicking here https://www.swanbitcoin.com?grsf=yg8ftt
In this episode of CRYPTO 101, brought to you by eToro, we meet with Muneeb Ali, founder and CEO of Blockstack-- a user-owned internet leveraging Bitcoin's security! Blockstack is a decentralized computing platform that app developers can use in lieu of AWS, Ethereum, or EOS. We discuss the future of decentralized networks, privacy, and interoperability. Sponsored link: https://crypto101podcast.com/etoro Guest Links: https://blockstack.org https://twitter.com/blockstack https://twitter.com/muneeb Show Links: https://CRYPTO101podcast.com https://cryptorevolution.com Patreon: www.patreon.com/user?u=8429526 Twitter: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2020 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
In this episode, Blockstack Co-founder Muneeb Ali is joined by Kyle Samani of Multicoin Capital. Together, they start by tackling the question, 'what is crypto good for?' and then move on to discuss the Web 3.0 Stack, if Ethereum can evolve, DeFi vs. centralized finance, the polarization of exchanges, native chain intercommunication, Bitcoin finality, scaling Layer 1, and more.See omnystudio.com/listener for privacy information.
In this episode, Blockstack's Head of Growth, Patrick Stanley talks with Leigh Cuen from Coindesk about the ongoing impact of coronavirus, navigating the media world of crypto, what Bitcoin's community might teach us about memes, and how seeking truth and being willing to learn in public lead to positive outcomes.See omnystudio.com/listener for privacy information.
TechGC WebsiteChris Sands TwitterTechGC LinkedInTechGC Twitter ABOUT THE GUESTGeorgia Quinn is an American entrepreneur and lawyer. She is the general counsel of CoinList a platform that provides services to top token developers including compliant offering, distribution, and liquidity services. She is also the co-founder of iDisclose, a legal technology company focused on the disclosure and legal document needs of small business and startup entrepreneurs. Ms. Quinn began her practice in capital markets at Weil, Gotshal and Manges and later moved to Seyfarth Shaw before founding iDisclose. Ms. Quinn received a Juris Doctor from Columbia Law School, and received a Bachelor of Fine Arts from New York University. ABOUT THE HOSTChris Sands leads content and communications for TechGC. Prior to joining TechGC in 2018, Chris was an executive legal and compliance recruiter in Silicon Valley, specializing in high-growth FinTech firms. Chris runs the Jobs by TechGC newsletter and job board which connects legal professionals with today's top startups and venture funds. He also spends around half the year working and living in various parts of the world.
In this episode of CRYPTO 101, brought to you by eToro, we have a 101 session with Blockstack's Head of Growth, Patrick Stanely. We discuss the newest smart contracting language that holds more promise and professionalism than Solidity, the key similarities and differences between Blockstack and Ethereum, what it means to be a digital slave and how we can break free, Blockstack's $50m raise, the benefits of decentralized applications, and so much more. Sponsored link: http://etoro.com/crypto101 Guest Links: https://twitter.com/blockstack https://twitter.com/PatrickWStanley https://blockstack.org/ Show Links: https://www.CRYPTO2020summit.com https://CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Social: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Harry Dry is a serial entrepreneur and the founder of Marketing Examples. He grew his email list from 0 to 6,000 subscribers in a just few months. Listen to his conversation with Anne-Laure Le Cunff, founder of Maker Mag, and explore all previous episodes on Maker Mag. Sponsored by Blockstack.
The RundownDigital Industrial RevolutionIt is starting to look like China is going full blockchain with plans to issue a central bank stablecoin, presumably to regain power from which controls the vast majority of payments in the country.They're going so far as to remove articles that say blockchain tech is a scam. Freedom of speech so being a luxury in China.Like Russia before them, they too now claim they want to be at the forefront of blockchain implementations, with it unclear whether they can and/or what effect this might have.Russia, The Big Error of HistoryRussia's president Vladimir Putin has gone so far as to even ordered the central bank to step down when the latter hinted at a dislike towards this space.That they want to orchestrate a drive towards blockchain integration is clear, but whether they can is a different matter.China, The Open Markets DilemmaA a simple trajectory of the blockchain starts in London, then USA, Russia, France , Venezuela and Iran on one hand, Saudis on the other, and now to China.China has many very smart men and women who enjoyed and still enjoy fairly close relations or at least have interactions with western talent.The problem is China's firewall, which in this case is an almost physical firewall in that they have banned crypto exchanges, and thus any western interest in the country where the crypto or blockchain aspects are concerned.It's unlikely they'd be able to lead. It is perhaps even impossible realistically thinking because China might have surface knowledge but not the deep knowhow that comes from being at the forefront of the computer revolution during a period ranging from the 70s to the 90s when the latter went mainstream, and then at the forefront of the internet age thereafter.Bitcoin Jumps 12% as China's Xi Embraces Blockchain, Boosting Crypto SentimentBitcoin prices are rebounding from a five-month low touched earlier this week.Chinese President Xi Jinping said his country should seize opportunities afforded by blockchain, the technology that underpins bitcoin.Despite China's ban on cryptocurrency exchanges in 2017, the comments from the leader of the world's second-largest economy could boost sentiment toward digital assets in general, providing a positive market backdrop for bitcoin, says eToro's Mati Greenspan.Xi Jinping, President of the People's Republic of China and General Secretary of the Communist Party of China, said the country needs to “seize the opportunity” afforded by blockchain technology.Speaking as part of the 18th collective study of the Political Bureau of the Central Committee on Thursday in Beijing, Xi said blockchain technology has a wide array of applications within China, listing topics ranging from financing businesses to mass transit and poverty alleviation.“We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi told committee members.“[We must] clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.”United States, The ComplacentThe United States has one very big problem. It is ruled by bankers. That's a generalization and perhaps not a fully correct statement, but that banks have immense influence is far too clear.Banks of course are not a monolithic entity. In addition, there's a generational divide. The older generation which thinks this blockchain stuff is complete nonsense, and the younger one that sees the need to adapt.This generational transition of power has just begun, but the older generation is in many respects doing much to slow down innovation and in the case of Libra they're thinking of stopping it entirely.The other big transition in the United States is a very slow but noticeable change in power balances between the techies riding the wave of the digital revolution, and the old finance.Plenty of the latter will adapt, but their instinct naturally has been to slow down digitally native finance.We pass no judgment on whether these are right decisions or not, at least not in this editorial, as going a bit slowly may well be to the benefit of all in the United States for now.Yet just how slowly, can be very crucial because that would give China a window of opportunity in what American historians would probably call the great mistake if it came to pass.5 Good MinutesBakkt to Launch Crypto ‘Consumer App'In a blog post, Bakkt chief product officer Mike Blandina wrote that the company was working on developing an app to let consumers use digital assets when purchasing goods from merchants.“We'll be launching a consumer app to make it easy for consumers to discover and unlock the value of digital assets, as well as ways in which they can transact or track them. Merchants gain access to a broader set of customers with expanded spending power,” Blandina wrote.He hinted that the app might support more than just bitcoin, which is currently the only digital asset Bakkt and its parent company Intercontinental Exchange provide futures contracts for.“A key feature of the model we've designed is to support a superset of digital assets, including cryptocurrencies as seamlessly as investors transact in stocks in a retail brokerage account,” he wrote. “Our vision is to provide a consumer platform for managing a digital asset portfolio, whether they wish to store, transact, trade or transfer their assets.”The Hard TruthBinance charged Blockstack $250,000 prior to listing Stacks. Yes another Binance Story.Binance charged Blockstack $250,000 to list StacksBlockstack says it was a “long term payment” not a “listing fee”Several 20-year plus exchange veterans tell The Block that's likely a bunch of malarkey
Lynne Tye, founder of Key Values, has lived many different lives before. Today, she helps engineering teams tell the world about their culture and how their values translate into daily practices. Key Values is a profitable solo business. Listen to her conversation with Anne-Laure Le Cunff, founder of Maker Mag, and see all previous episodes on Maker Mag. Sponsored by Blockstack. See Blockstack's page on Key Values.
Sahil Lavingia, founder of Gumroad, discusses going from VC-backed to indie startup, building a sustainable business, the freeing effect of open financials, leaving Silicon Valley, remote work, and the no-code movement with James Gallagher, author, researcher, and editor at Maker Mag. Sponsored by Blockstack.
The Gentleman of Crypto is a daily live broadcast that explores Bitcoin and cryptocurrency market. We discuss international topics, news updates, and future innovations in blockchain, digital currencies and assets, fintech, and more. The Gentlemen of Crypto EP - 429 https://cointelegraph.com/news/us-sec-approves-blockstack-token-offering-under-regulation-a https://cointelegraph.com/news/german-central-bank-cryptos-are-not-a-threat-to-financial-stability https://cointelegraph.com/news/google-coin-within-2-years-as-fangs-will-go-crypto-say-winklevoss https://www.coindesk.com/fidelity-digital-assets-is-hiring-10-more-blockchain-and-trading-experts https://cointelegraph.com/news/btc-peer-to-peer-trading-rises-amid-ban-on-usd-in-zimbabwe-report #bitcoin #cryptocurrency #altcoins #cryptonews Support "The Gentlemen of Crypto" by using our referral link to download the Brave Browser. https://brave.com/krb666 We are Ambassadors for Cryptic Coin and will be giving away free coins to everyone who downloads the wallet!! Post your address and you will receive free coins!! https://crypticcoin.io/ Learn how to become a Crypto expert here: https://krbecrypto.com/join/ Subscribe to our YouTube channel here: https://www.youtube.com/krbecrypto Follow us on Twitch here: https://www.twitch.tv/krbecrypto ********************************** Connect with us online at the following places: KRBE Digital Assets Group • Website: https://krbecrypto.com/ • Newsletter: https://krbecrypto.com/join/ • Services: https://krbecrypto.com/services/ • KRBE Steemit: https://steemit.com/@krbecrypto • TGoC Podcast: http://pca.st/hdVR SOCIAL • KRBE Twitter: https://twitter.com/krbecrypto • KRBE Facebook: https://www.facebook.com/krbecrypto/ • KRBE Instagram: https://www.instagram.com/krbecrypto/ • King Twitter: https://twitter.com/KingBlessDotCom • Bitcoin Zay Twitter: https://twitter.com/bitcoinzay Business Inquiries: krbe@krbecrypto.com Support the stream: https://1upcoin.com/donate/youtube/krbecrypto (Bitcoin, Litecoin, Ethereum, Bcash) Donations welcome, but not necessary! Thanks for watching and remember to subscribe for daily videos where we give away free Bitcoin! ***Not a whole Bitcoin, a few dollars USD worth*** ------------------------------------------------------------------------------------------------------------ **This is not financial advice. The expressed opinions in the video are of the speakers. You can lose all your money in the cryptocurrency market, so be sure to do your own research before investing.**
In this episode, we sit down with Preethi Kasireddy - self-taught engineer turned entrepreneur and founder of TruStory - and Muneeb Ali, CEO of Blockstack PBC. The two discuss Preethi’s journey of bringing TruStory to life, the regulatory challenges for crypto companies, Blockstack’s path to the SEC’s approval of its Stacks Token, and more. 0:02:13 Preethi: "I started to realize that my real passion was engineering, not finance." 0:02:48 Preethi: "I graduated college in 2012 and went to A16Z at the end of 2013." 0:02:54 Muneeb: "So this is like the early days of crypto, A16Z hadn't made the Coinbase investment yet." 0:03:10 Preethi: "It was through that investment [in Coinbase] that got me a little bit curious [in crypto]." 0:03:28 Muneeb: "How did you decide to leave Coinbase and start your own company?" 0:04:08 Preethi: "Coinbase - in the end - is a centralized company... so I wasn't really getting the kind of experience I really wanted." 0:04:55 Preethi: "I think one of the things that's missing - still, even to this day - in this space is lack of documentation and blog posts. Especially two years ago." 0:05:43 Muneeb: "It seems like you went into a deep dive on crypto... and then you ended up almost building a community around crypto. What was the thought process around that?" 0:05:58 Preethi: "I was just super passionate about this space. I also innately enjoy educating." 0:06:42 Muneeb: "[On Twitter] it seemed like a lot of these crypto communities are a little bit like religion." 0:06:57 Muneeb: "I noticed the conversation on TruStory was a lot more civil." 0:07:41 Preethi: "It bothers me a lot that people have a negative idea of what it means to debate." 0:08:18 Preethi: "We're trying to teach people the fact that debate doesn't have to be defeating... you don't need anxiety or to get angry..." 0:08:36 Muneeb: "Debates on Twitter - it's probably the worst medium for it." 0:09:23 Preethi: "You hit on two things: (1) Twitter was built for broadcast, not conversation (2) more importantly: the intent. People don't come on Twitter with the intent to seek to learn the other side." 0:10:45 Muneeb: "The kind of financial incentives that are at play here in crypto are not found anywhere else." 0:11:02 Muneeb: “But still, part of me wishes that there were those more structured, peer-review type processes in place in crypto. TruStory seems like a crypto-native take on something like that." 0:11:21 Preethi: "We can't expect crypto to be like these other industries, purely because there's money tied into it." 0:11:57 Muneeb: "You got caught up in an ICO scandal? Is that real?!" 0:12:07 Preethi: "When I was exploring early in the crypto space - just like everyone else - I had rose-colored glasses and everything looked shiny." 0:12:18 Preethi: "I ended up jumping into a project... and two months later I had to leave because the project wasn't going to work out." 0:12:39 Preethi: "It was a huge shocker for me because it was the first time I took on a role and it was catastrophic." 0:12:59 Muneeb: "Did that somehow play a role in TruStory as well?" 0:13:07 Preethi: "The way I got information in crypto in the early days is I had to crowdsource it from my friends." 0:13:23 Preethi: "And I realized this was how most people were starting to get their information in crypto, too." 0:13:43 Preethi: "[Initially,] we were trying to do claim validation." 0:14:00 Preethi: "People were not just focusing on objective claims that had a right and a wrong answer, but were using it more as a tool to get to answers that are somewhat more subjective as well." 0:14:15 Preethi: "We pivoted over to debate from verifying 'objective claims'." 0:14:56 Preethi: "You are still learning truths, but it's not like there's one objective truth for every claim. It's more that you're coming in to understand and hear the different sides." 0:15:12 Muneeb: "I think it's very interesting that you noticed similar things in crypto - that it's like the Wild West and there's a lot of misinformation." 0:15:31 Muneeb: "Our response [at Blockstack] was more like "Why don't we work with regulators and try to have the traditional checks and balances in place that pretty much exist in public markets." 0:16:15 Muneeb: "I was very curious how the industry would perceive our approach, but I've been very pleased with the response." 0:16:53 Preethi: "Basically, what we're trying to do is take the Wild, Wild West and add a little bit of rationality and rules to it - but one could argue that's antithetical to decentralization." 0:17:26 Muneeb: "A lot of people thought the regulators are never going to approve anything." 0:18:05 Preethi: "Are you hoping to be the poster child for setting the right way to do these token sales?" 0:18:40 Muneeb: "No serious company is ever going to keep an asset on their balance sheet that they think might be illegal." 0:18:49 Muneeb: "For us it was about opening up the network in a fully regulated manner to the US markets because the other option is just to block US nationals." 0:19:02 Muneeb: "Part of the intention is also that this can help other projects." 0:19:42 Muneeb: "We were doing the analysis for the first time with our securities lawyer. Other people don't have to do it again and again." 0:20:07 Muneeb: "If you're familiar with what the SEC did with Ethereum, they effectively did not comment on how Ethereum started or how it reached a stage where they think it's no longer a security." 0:21:06 Preethi: "Being a crypto entrepreneur in the US is hard. Regulations aren't friendly, nobody's set the right path for what the right way to do anything is." 0:21:33 Preethi: "One of the TruStory community members noticed that the Blockstack token almost had to reinvent accounting principles to account for what these token sales represent." 0:22:01 Muneeb: "Accounting is different for different purposes. Like for tax purposes, we could actually recognize it as one thing, for your financial statements the treatment might be different." 0:22:20 Muneeb: "We would always take the worst case scenario in every type of treatment. We're willing to pay the highest amount of taxes and we're willing to treat our crypto holdings as fully discounted." 0:23:45 Preethi: "When you were considering going the SEC route, did you consider any other routes?" 0:23:55 Muneeb: "The alternatives were: (1) ban US investors and developers and go abroad (2) do the offering and go to court with the SEC." 0:24:56 Muneeb: "The technology can adapt to regulations faster than regulations can adapt to technology." 0:25:18 Muneeb: "Another option was to just wait for a new law to be introduced." 0:25:38 Preethi: "What about all the crypto startups that may not have as much capital?" 0:26:04 Muneeb: "People should look at the framework we used for some company that is at least a Series B stage startup from a traditional VC perspective. It's not for doing your seed round." 0:26:27 Muneeb: "Imagine going back to the 80s or 90s, where people were coming up with the typical Series A and Series B round and - interestingly - some of the decisions we made back then, we still live with them. Like four year vesting." 0:27:10 Muneeb: "It's not just the legal framework. Think about employee retention. We had come up with frameworks around how to do token drafts." 0:28:04 Preethi: "Now that you've worked with the SEC, are you more optimistic about the regulatory scenario in the US?" 0:28:16 Muneeb: "I'm extremely optimistic. A big shout out to the staff at the SEC." 0:28:48 Muneeb: "I know that to the outside world, even 10 months might seem like a long time. But for the SEC, where the securities regulations have been around since 1933 and they're trying to get a new type of an asset out. Imagine how many different questions there are." 0:29:26 Preethi: "I mean, even ICOs spend a year marketing their projects!" 0:29:39 Preethi: "What I struggle with is how to get the SEC comfortable with the fact that, unlike public company stock where it's a lot more liquid... with crypto projects, the liquidity comes way later in the network's lifecycle." 0:30:18 Muneeb: "If you go and read our SEC offering circular, it's almost like a mini IPO filing. And the section that is most comprehensive is our risk factors." 0:30:46 Muneeb: "In terms of the liquidity... my opinion is that the next big step for the industry is going to be regulated securities exchanges that will come into play." 0:31:35 Muneeb: "I think it will reduce the noise in the space. ... Unsophisticated players or obvious scams just won't be able to get through the door." 0:31:54 Preethi: "So you mean a more regulated version of an IEO?" 0:32:26 Muneeb: "[We were told] given how compliant you guys are trying to be, you're not a good fit for an IEO." 0:33:18 Preethi: "If done right, these types of token offerings are opening up the door for retail investors who never had access to this type of investing." 0:33:44 Muneeb: "The first 100,000 users of Facebook just used a free product and told all their friends about it, but they never had any financial upside in the success of Facebook." 0:34:02 Muneeb: "With a decentralized system and a crypto asset like this, the early users can also have a potential financial upside." 0:34:35 Muneeb: "Speaking of Facebook, what do you think about the recent headlines about them potentially installing backdoors in Whatsapp?" https://www.forbes.com/sites/kalevleetaru/2019/07/26/the-encryption-debate-is-over-dead-at-the-hands-of-facebook/#6644bdc55362 0:34:56 Preethi: "It's not new, right? [Facebook]'s been doing this for about a decade almost. But I think people started to get smarter only very recently." 0:35:19 Preethi: "I think it's going to take a long time before Facebook's culture internally changes to care about privacy because their whole business around user data. So to complete change that is not an overnight thing. It's a massive shift in how they do everything." 0:35:50 Muneeb: "I've been publicly supporting efforts like Facebook Libra." 0:36:40 Preethi: "I don't think culture can change overnight. Or even in one year. ... I struggle to understand how they'll meet the future, which I think is open and decentralized." 0:37:33 Muneeb: "I've been involved with some conversations with lawmakers where they want to have antitrust actions against Google and Facebook." 0:37:42 Muneeb: "I think Facebook has a worse image, generally, but internally in the US Government, I'm noticing more hostility towards Google than Facebook." 0:38:07 Muneeb: "When Facebook comes up and says 'We're completely going bypass a lot of these regulations that may apply and start anew global reserve currency, I think a lot of people are going to freak out." 0:38:26 Muneeb: "I never thought I would say this, but Microsoft is better positioned to deal with a lot of these things than Facebook or Google." 0:39:11 Muneeb: "Google and Facebook are two companies that are basically the native cloud computing companies. And their business model is 'let's just get as much user data as possible." 0:39:31 Muneeb: "Microsoft is actually not sitting on a lot of user data. And now, when the world is about to move away from this business model and there's a lot of heat around these big tech companies, Microsoft can come across as 'look we care about user privacy'." https://www.coindesk.com/microsoft-launches-decentralized-identity-tool-on-bitcoin-blockchain 0:40:43 Preethi: "They specifically said they didn't want [Facebook] to be a public utility, which is interesting because if that's not the case, you can't really claim it's going to be a global reserve currency." 0:41:22 Muneeb: "Speaking of decentralization, how decentralized is TruStory right now?" 0:41:35 Preethi: "We built the backend on Cosmos SDK - which gives you the tools to build decentralized applications." https://cosmos.network/ 0:41:54 Preethi: "Right now, we only have one node running, because everything is in beta." 0:42:26 Preethi: "The actual [TruStory] app has an in-app currency, and that same currency can be used for validating transactions on the backend." 0:42:41 Preethi: "It's a Tendermint blockchain and the consensus is the same thing as Tendermint." https://tendermint.com/ 0:42:48 Muneeb: "From what I can understand, they're helping people with the SDKs to start their own blockchains, and then they're working on interconnecting the different blockchains." 0:43:00 Muneeb: "Whereas, for [Blockstack] there's the stacks blockchain that gives developers the tools for basically building their apps apps on the stacks blockchain, for the most part." 0:43:10 Muneeb: "But if some app really needs the scalability of - let's say their transactions are becoming too much for the underlying main chain, then we have the concept of an app chain, where you're logically on top of the stacks blockchain." 0:43:33 Preethi: "They have many, many blockchains and then they connect these many blockchains using something called IBC, which is their interoperability protocol." 0:43:49 Muneeb: "I wanted to invite you live, so that you can't say no, to our conference in San Francisco." https://summit.blockstack.org/ 0:44:04 Muneeb: "Neil Stephenson is going to open up the conference with Naval Ravikant." 0:45:00 Muneeb: "My PHD thesis, Chapter 1, has a quote from Snowcrash." https://www.amazon.com/Snow-Crash-Neal-Stephenson/dp/0553380958 0:45:18 Goodbyes. 0:45:26 Credits. Preethi Kasireddy: twitter.com/iam_preethi Muneeb Ali: twitter.com/muneeb Zach Valenti: twitter.com/zachvalenti See omnystudio.com/listener for privacy information.
Brad Feld, entrepreneur, author, and venture capitalist, discusses the importance of startup communities with James Gallagher, author, researcher, and editor at Maker Mag. Sponsored by Blockstack.
This episode features a conversation between Peter Van Valkenburgh - Director of Research at Coin Center, the leading non-profit focused on the policy issues facing cryptocurrencies like Bitcoin - and Muneeb Ali, CEO of Blockstack PBC. Peter and Muneeb discuss Coin Center’s mission and recent work, Facebook’s Libra Coin, the case for a true electronic cash, and more. 0:00:50 Peter's bio 0:01:09 Peter: "[Coin Center] was my first big job out of law school." 0:02:58 Muneeb: "You're OG now. When did Blockstack start sponsoring Coin Center?" 0:03:18 Peter: "Coin Center got its start in 2014. We got some really generous runway from a couple of donors who are just individuals who wanted to see a more adult advocacy organization in Washington, D.C. focused on this stuff." 0:04:56 Peter: "Coin Center is supposed to be an independent digital civil lIberties organization that goes and represents the underlying open technologies to Congress or to regulators." 0:06:08 Muneeb: "I simply say [the people at Coin Center]... actually understand this technology and they understand the regulations and the law, which is a rare combination. And they can be the right bridge between this technology and the various regulators or lawmakers." 0:06:29 Peter: "I think that's right. A lot of what we do I often think of as translation." 0:07:13 Peter: "More often than not we're explaining the law to lawyers in this space." 0:08:51 Peter: "There's no company - and all previous financial regulations - almost all - rely on finding a regulated entity and obligating that regulated entity to achieve the policy result that government wants." 0:09:37 Peter: "In the Bitcoin case, who's the issuer of the Bitcoin security?" 0:09:52 Peter: "Who in the Zcash space should be obligated for money laundering compliance?" 0:11:38 Muneeb: "One of my working theories is that Satoshi Nakamoto - whoever that person or group of individuals were - not only understood computer science, distributed systems, applied cryptography, and game theory, they actually knew securities regulation as well and that's why we don't know who is Satoshi Nakamoto." 0:12:42 Peter: "The policy objective that securities law seek to address are correcting the asymmetric information between issuers who are promising things to investors and the investors who've paid money to the investors." 0:13:51 Peter: "There are still the potential for information asymmetries. And I've sort of gotten into this debate with Angela Walch before about whether there's information asymmetries between software developers and the users of a software." 0:15:35 Muneeb: "Speaking of securities regulation I should just make a note here: we have a public filing with the SEC." 0:16:13 Peter: "From my perspective [Blockstack] has taken a really responsible and conservative approach to securities law compliance." 0:17:06 Peter: "I'm not a huge fan of the way we do investor protection in this country because it's very permissioned and it also excludes a lot of investors from participating." 0:18:58 Muneeb: "We actually had you host our Blockstack Summit in Berlin, and you interviewed Edward Snowden there. How was that experience? And has he been more active in the space? Or was that a one off thing?" 0:19:32 Peter: "That experience was awesome - it's still probably one of the craziest things I've ever done." 0:22:36 Peter: "I do think [Edward Snowden] has been quasi-active in the Zcash development community." 0:24:43 Peter: "He's worked on something really cool with the Freedom of the Press Foundation, which is if you have an old cell phone and want to turn it into an alarm system." 0:26:16 Muneeb: "Have you checked out any of the latest stuff that's been built on Blockstack?" 0:26:24 Peter: "I have a real interest in Graphite, which is the Google Docs type app." 0:27:05 Peter: "We've been looking for a long time for some sort of non-Google "Can't Be Evil" alternative to Google Docs." 0:29:29 Peter: "Network effects are a bitch, to put it a somewhat grotesque way. If you're talking about a communication system or a system where people pay each other, the systems that succeeded are not the ones that were best architected." 0:29:55 Peter: "Just look at all the attempts and failures at doing encrypted email." 0:30:16 Peter: "You're just going to default to the one everyone's on, even if it's not great for privacy." 0:32:32 Muneeb: "We're super excited to have [Neal Stephenson] at the 2019 Summit in San Francisco. I think Naval Ravikant is going to have a fireside chat." 0:33:40 Peter: "The Diamond Age describes Zcash." 0:36:01 Muneeb: "Coming back to this idea of decentralized applications - one model I have in my mind was when Linux was starting." 0:38:51 Peter: "Maybe decentralized apps will have their best success early on in those sort of niche enterprise / highly technical persons use-cases." 0:40:16 Peter: "Good luck getting a bunch of lawyers even to this day to group edit a Google Doc, let alone use Graphite." 0:40:24 Muneeb: "I think we knew that Linux won the server wars when even Microsoft started using Linux in their data centers." 0:40:32 Peter: "[Microsoft] has done a total 180, probably because they saw the writing on the wall as far as their consumer software business." 0:40:56 Muneeb: "What do you think of Facebook Libra?" 0:41:05 Peter: "I have a lot of thoughts about Facebook Libra. I should be careful about what I say because I don't want to be unfair." 0:41:30 Peter: "It's a really complicated system they're building that is still nonetheless permissioned. It's a permissioned blockchain." 0:42:29 Peter: "[Libra] is not an open blockchain. It's not a blockchain where anyone can add transactions to the ledger and independently verify the transactions." 0:43:15 Peter: "With Bitcoin, there's a lot of regulations that don't apply because it would be nonsensical to apply them because there isn't a centralized intermediary who you can trust to achieve the policy result you want." 0:43:32 Peter: "With Libra, that's not true at all. There are identified parties who you could trust to achieve the policy result you want." 0:43:56 Peter: "Even if you're an individual, you're not allowed to transact or interact economically with someone on the SDN list, like everyone in Iran." 0:44:42 Peter: "The Libra association is going to be this group of identified persons, which are really just corporations, including Facebook, Visa, and Mastercard. Whose laws are they going to comply with with respect to sanctions?" 0:45:21 Peter: "[Libra's] not censorship resistant cash. It's not really a cryptocurrency. It's just another payment rail. Why build it in such a complicated way?" 0:45:43 Peter: "Another thought is the whole reserve thing. So aside from being permissioned vs permissionless, Lbra is going to be asset-backed." 0:46:36 Peter: "If you are a company that has assets in a reserve, and people are trading - effectively - a pro-rata share of the value of those assets? That sounds like a security to me." 0:47:16 Peter: "And yet, I don't think there's plans to register Libra as a security because, frankly, if you did, it would be very useless as a currency, because it would only be allowed to be traded on securities exchanges." 0:48:09 Peter: "I've never seen such a rapid and aggressive response from members of Congress to a new tech project." 0:49:28 Muneeb: "Do you think the reaction from Washington is linked with some of the antitrust stuff as well?" 0:50:07 Peter: "Maybe they thought, 'This is us proving that we're investing in being less powerful'? Kind of like how they talk about WhatsApp a lot now." 0:51:03 Peter: "People in Congress ... are gonna say, 'This is Facebook, who some of us are already talking about anti-trust issues, and now they want to become the global reserve currency for all payments everywhere?" 0:51:40 Peter: "If any company is going to build a payments tool, they should build cryptocurrencies. I'm just disappointed they didn't basically fork Bitcoin or integrate it." 0:52:13 Muneeb: "That's what they say in the whitepaper, 'We're giving ourselves five years to figure out how to build an open system, but in the meanwhile - because of scalability - the only way to scale to a billion users is to use a closed system." 0:52:54 Peter: "I've heard a lot of people say that Move, the smart contract language [Facebook's] architected, is apparently extremely elegant." 0:53:17 Muneeb: "The motivation for Move is very similar to the smart contract language that we launched yesterday, Clarity." 0:54:38 Peter: "God knows that Solidity has had this particular issue where it's hard to know exactly what you just wrote in a smart contract until you launch it on Mainnet and someone breaks it in the DAO hack example." 0:55:44 Muneeb: "Ethereum is very interesting. They have a large community and kind of started everyone in the industry in a certain direction from a technology perspective. And I believe that most of those things were wrong." 0:57:05 Peter: "Maybe the network effects are just age-based, but it could also be this willingness to push stuff out there maybe before it's fully manicured or even fully compliant with the law." 0:57:51 Peter: "I should disclose that I'm a member of the Zcash Foundation's Board of Directors." 1:00:00 Muneeb: "I swear we're not doing this on purpose, but every decision we make ends up being the exact opposite of Ethereum." 1:04:13 Muneeb: "What's the biggest project you're spending your time on these days?" 1:05:50 Peter: "We were faced around a year and a half ago with, 'What's going to be a big issue in a year or two years? What do we need to start laying the groundwork on from a policy perspective now in order to have good policy outcomes later?'" 1:07:12 Peter: "Bitcoin, I think, ultimately needs to change and be more private and a lot of the privacy coins that we now see were originally proposed as amendments to the Bitcoin protocol." 1:08:38 Peter: "Any of the very public blockchains will ultimately need to find ways to obscure that transaction graph because, otherwise, we're gonna just be giving totalitarian states the best tool for mass surveillance that anyone's ever developed." 1:08:52 Peter: "So, with that in mind, we said 'What are the policy issues here?' And the big ones are anti money laundering law." 1:09:18 Peter: "Bank robbers use getaway cars. Even terrorists use encrypted messaging. This is just a reality, but that doesn't mean we should ban automobiles and encryption." 1:10:06 Peter: "We use the term 'electronic cash' because it's really like cash then. You can send it from one person to another, no one is in between, it's censorship resistant, and it doesn't leave a record." 1:10:23 Peter: "What if we get some sort of overbearing, overzealous response from policy makers that says we can't have these things anymore?" 1:11:51 Peter: "Most people have written about First Amendment issues here: ... if you're writing in computer code... it's still speech." 1:12:44 Peter: "What I don't think is a well enough explored area are the Fourth Amendment issues. The Fourth Amendment in the US says you need a warrant if you're a law enforcement and want to search somebody." 1:13:43 Peter: "Banks have been reporting our entire transaction history to governments whenever they ask, without a warrant, since 1970." 1:14:12 Peter: "The reason why that's constitutional in this context is because people willingingly hand over those records to banks during the regular course of business. ... You lose your reasonable expectation of privacy because your sharing it with a third-party." 1:15:09 Peter: "There's no reason for a developer to have all that private information about the users of their software. There's definitely a reason for a bank to have a bunch of information about the users of the bank." 1:15:48 Peter: "From a constitutional law standpoint... the only reason why it's okay for banks to bulk collect, surveil their users, and report that to government without a warrant, is that they have a reasonable business purpose to collect that information." 1:16:03 Peter: "There's no reasonable business purpose for an open source software developer to collect information about the users of their software - it just doesn't make sense." 1:16:29 Peter: "If it's interesting to your audience, I highly recommend you pick up our report. It's explained much more carefully and you don't need to be a lawyer or to have gone to law school to understand it." 1:17:33 Muneeb: "Where can people find you?" 1:17:37 Peter: "All our work at Coin Center is made public and made available at CoinCenter.org. And we rely on donations from people who are just excited about the technology and want to see good advocacy in DC." 1:18:18 Muneeb: "Blockstack is a supporter and we've been extremely happy with our involvement with Coin Center. They've been super helpful whenever we need them." 1:18:29 Muneeb: "Goodbyes." Peter Van Valkenburgh http://twitter.com/valkenburgh Muneeb Ali http://twitter.com/muneeb Zach Valenti http://twitter.com/zachvalenti See omnystudio.com/listener for privacy information.
Kate Kendall, serial entrepreneur and founder of CloudPeeps, The Fetch, Freelance Friday and recently, Indie Labs and Atto.VC, is one of the biggest champions on the indie way. In this episode, she discusses raising $1M for her first startup, the freedom of a flexible lifestyle, building a no-code MVP to gain traction, the power of 1:1 relationships, leaving San Francisco, and customer-first companies. See all previous episodes on Maker Mag. Sponsored by Blockstack.
Hi there and welcome to the Stacks Podcast, I’m Zach Valenti. Today, we have a conversation between Jameson Lopp - former Bitcoin engineer, professional cypherpunk, and CTO at the key security company, Casa - and Muneeb Ali, the CEO of Blockstack PBC. Jameson and Muneeb cover a lot of ground here, starting with mining Bitcoin at home, moving on to the importance of personal privacy, delving into the quasi-religious in-fighting in the crypto space, and more. 0:00:41 Welcome. 0:00:57 Muneeb: "I bet you have some Bitcoin miners set up in your home as well." 0:01:03 Jameson: "I only ever mined on testnet." 0:01:15 Muneeb: "Speaking of miners, what do you think of these new consumer mining equipment companies?" 0:01:35 Jameson: "I like the idea at a high level." 0:02:09 Jameson: "Basically using your electricity bill as a way to receive crypto." 0:02:48 Muneeb: "From a purely 'can this be profitable?' perspective, there's no way." 0:03:32 Jameson: "I actually argue we should move to a model where most people are mining unprofitably as the best way to decentralize mining." 0:04:22 Muneeb: "If you look at the first wave of peer-to-peer networks, people would run peers without any incentives." 0:05:55 Jameson: "If we really want people to be running these Internet connected devices that need to have pretty good uptime... we need to figure out how to automate away as much of the boring IT aspects and really make a nice user interface." 0:06:24 Muneeb: "Operating your own node is one of those things that computer geeks would love to do it, but they're relatively only a small subset of the population." 0:06:44 Muneeb: "What's your current working theory on - let's say five to ten years from now - do you believe in a world where everything just converges to Bitcoin? Or do you see a world with more fragmentation?" 0:07:26 Jameson: "That's complicated." 0:08:58 Jameson: "We're going to have thousands of these cockroaches running around and continuing to exist, though they will probably not be as utilized as Bitcoin." 0:09:26 Muneeb: "When does a blockchain die?" 0:09:46 Jameson: "What's more interesting than whether some machines are running the protocol is whether people are using the protocol and maintaining it." 0:10:11 Jameson: "The example I like to use is dogecoin." 0:11:00 Muneeb: "I don't know about hundreds of useful tokens out there, but I can definitely imagine a handful, maybe tens of them." 0:11:37 Muneeb: "How do you see the Internet evolve, let's say five years from now, and how will the typical user interact with it?" 0:11:51 Jameson: "The real trade off between most of this is usability and security." 0:12:55 Jameson: "Perhaps the hardware will just start to be rolled out with your common, every day computing platforms." 0:13:30 Jameson: "The onus for a lot of this stuff to go really mainstream is going to be on the enterprises to basically build in defaults so people don't have to make a lot of choices." 0:14:41 Muneeb: "Let's say people start keeping twenty to thirty percent of their net worth in crypto tokens. That also means they start becoming targets as well." 0:14:58 Muneeb: "I love the article that came out in The New York Times that talked about how to disappear from the face of the earth, featuring you.” https://www.nytimes.com/2019/03/12/technology/how-to-disappear-surveillance-state.html 0:15:09 Muneeb: "What do you think about personal privacy?" 0:15:33 Jameson: "There are people who are 'being their own bank' and right now a lot of the criminals are still catching up to that." 0:16:32 Jameson: "What do we need to do? It needs to be like a herd immune defense." 0:17:46 Jameson: "There's probably even more complexities asking people to be their own bank than asking them to be a server administrator." 0:18:21 Muneeb: "Speaking of key management, what's the latest at Casa?" 0:18:35 Jameson: "Over the past few months we've been evolving our product lines. The original being Casa Keymaster." 0:20:48 Muneeb: "We have an early generation Casa node running in one of our conference rooms here." 0:21:32 Muneeb: "What does it look like we're focused on at Blockstack from the outside?" 0:21:48 Jameson: "From my perspective, it is another take on trying to decentralize as much of the Internet stack as possible." 0:22:23 Jameson: "There's a lot of pieces of the infrastructure that are actually a lot more fragile and brittle than we would like." 0:23:04 Jameson: "The idea that we can move back to a more decentralized platform, I think is going to make [the Internet] more robust." 0:23:45 Muneeb: "We will figure out the problems and computer science challenges at the infrastructure layer and then we want to give the right tools to the developers to build on top of that." 0:24:59 Jameson: "I'd actually be very interested to see a really decentralized social media app." 0:25:22 Jameson: "Today, I think we saw block.one announce they were releasing a new EOS social app, but to fix trolling and spam they will require government IDs for every account." https://www.coindesk.com/block-ones-new-social-media-site-will-do-identity-checks-for-every-user 0:25:52 Muneeb: "Are they thinking that all the data would be stored on the EOS blockchain? Last time I checked, their block producers were running out of disk space." 0:26:13 Jameson: "I saw something about $20 million dollars worth of RAM being purchased by some of the block producers." https://thecryptoreport.com/eos-leader-block-one-spends-20-million-on-ram-for-big-announcement-coming-on-june-1/ 0:26:24 Jameson: "It's almost like each one of these networks has their own ideology and personality and is willing to make different trade offs." 0:26:46 Muneeb: "In many ways these networks are valuable because of the community, because of all the believers..." 0:27:23 Muneeb: "... the entire industry is so small that you could argue the blue ocean is outside of our industry right now, and people should be externally focused, expanding the size of the market. Instead, we see a lot of in-fighting. Would love to hear your thoughts about it." 0:27:50 Jameson: "I agree on the idea that we should be expanding the size of the pie." 0:28:49 Jameson: "Part of it - at least on the Bitcoin side - there's at least a large number of the early adopters that are anti-authoritarian." 0:29:46 Muneeb: "Once these kind of wars started happening between Bitcoin and Bitcoin Cash and others, my reaction was 'I'm going to distance myself until this settles down.'" 0:30:08 Muneeb: "Do you feel like over time it's becoming more toxic or getting better?" 0:31:04 Jameson: "With the 50+ Bitcoin forks, pretty much everyone behind them started to try and improve Bitcoin and become the dominant player. When, ultimately, that doesn't happen, the question becomes 'how long will the supporters continue?'." 0:32:22 Jameson: "This is part of this system that is fascinating because it is the philosophical and ideological side." 0:32:55 Jameson: "A lot of the arguments that are happening are technical, but fundamentally the schism is ideological and it's about tradeoffs that people are willing to make." 0:33:57 Muneeb: "It was more contentious because everyone was trying to say 'this is the real Bitcoin' - they wanted the branding of Bitcoin to attract new users." 0:34:17 Jameson: "There is no authority that can define what Bitcoin is or what it should be." 0:34:51 Jameson: "It's hard to even describe how the definition of Bitcoin comes about because it's like trying to define how the definition of some colloquial word has come about." 0:35:18 Muneeb: "I find the analogy of religion super interesting here, not only because of the forks, but also because sometimes logic doesn't appeal to the die hard followers." 0:35:50 Muneeb: "I grew up in Pakistan and there were a lot of very religious people around me. And this is something I've noticed: I tend to gravitate towards logic, and reasoning, or engineering and science." 0:36:55 Jameson: "It's almost like a kind of fundamentalism people can fall into." 0:37:38 Muneeb: "My early memories of the Internet are of a very friendly community that was pro open-source and helpful to newcomers." 0:38:37 Jameson: "I'd be very interested in reading some historical works about the early Internet protocol wars. ... It was really hard for me to find anything, and maybe that's because history is written by the winners." 0:39:13 Muneeb: "One thing I can tell you about is this almost constant war between keeping the core of the network simple versus keeping the core of the network more complicated." 0:39:23 Muneeb: "That's kind of like the beginning of the end-to-end design principle by David Clarke, the chief protocol engineer of the Internet." http://web.mit.edu/Saltzer/www/publications/endtoend/endtoend.pdf 0:40:01 Muneeb: "Unix was a new concept." 0:40:19 Muneeb: "We're seeing that play out in blockchains as well." 0:40:57 Jameson: "We can make all the arguments we want... ultimately they're all going to have to play out." 0:41:36 Muneeb: "I notice you've done a bunch of work helping to educate beginners." 0:42:15 Jameson: "I think one of the most valuable things those of us who have been in it for a longtime can try to do is to distill the knowledge and lower the steepness of the learning curve to get into the system." 0:44:44 Muneeb: "I see that you have Bitcoin resources and then Lightning resources. Is there any other category you're thinking about adding if you had time in the future?" http://bitcoin.page http://lightning.how 0:44:54 Jameson: "It comes down to what people are asking me about the most." 0:45:48 Jameson: "I'm working on my next blog post / presentation right now where I'm trying to figure out what the unwritten rules of Bitcoin are." 0:46:21 Muneeb: "Personally, I'd be super interested in a section on personal security." 0:46:49 Jameson: "That is one of the dozen blog post drafts I'm working on right now." 0:47:16 Muneeb: "Switching topics, what's a more controversial opinion that you hold that you would think twice about before tweeting it out?" 0:47:27 Jameson: "The things that I have been self-censoring more frequently these days are some of the more libertarian viewpoints." 0:49:23 Jameson: "I think that we can try to be inclusive at least to the point of not being assholes to newcomers." 0:51:43 Muneeb: "It's good to see those discussions happen... that people are thinking about how inclusive are you really being in some of these ecosystems, which might end up impacting a very large population of the world if they're successful." 0:52:16 Jameson: "Very easy to find me because I'm the only Jameson Lopp in the world." http://lopp.net 0:52:43 Goodbyes. 0:52:55 Credits. Jameson Lopp: twitter.com/Lopp Muneeb Ali: twitter.com/Muneeb Zach Valenti: twitter.com/ZachValenti See omnystudio.com/listener for privacy information.
Today’s episode features a discussion between Nic Carter, partner at Castle Island Ventures and co-founder of the blockchain analytics platform, Coin Metrics, Jude Nelson, an Engineering Partner at Blockstack, and Patrick Stanley, Blockstack’s Head of Growth. The three dig into the opportunities and challenges of crypto - in particular the problem of incentivizing development and measuring progress on crypto networks early on. 00:41 Introductions. 01:29 Patrick: "Nic, can you talk about Proof of Reserves?" 01:42 Nic: "I'm on a one man quest to get exchanges to institute proofs of reserves." 03:34 Nic: "Coinfloor created a proof of reserve for 60 months running." https://www.coinfloor.co.uk/ 03:57 Patrick: "You're seeing similar things in the dapp space, where you have these dapp stores that are effectively ranking dapps based on transaction throughput and volume." 04:13 Patrick: "What's happening is people who are cheerleaders for the apps are simulating activity." 04:52 Nic: "We have the precise problem at Coin Metrics." 0:05:28 Nic: "The objective becomes to game the ranking and create a semblance of vibrancy." 06:21 Patrick: "My sense is that the dapp stores that continue to participate in a Red Queen's race... are going to be the ones that people don't trust and will leave for better alternatives." 06:55 Patrick: "Jude, do you have any opinion on the tradeoffs of free transactions in the long term and why a crypto network would not want to bias their network in that way?" 07:08 Jude: "Before I answer that, there's no such thing as a free transaction - somebody is still going to have to pay for it." 07:31 Jude: "I expect some of these platforms are biting the bullet right now to make it look like there is activity." 07:56 Patrick: "Why would you want to stay away from that from a long term perspective?" 08:07 Jude: "My favorite story about this goes back to the early 2000s when Gmail first came online." 08:31 Jude: "Someone created Gmail FS, which let you use it as a file backup. If you create something akin to free storage, someone is going to turn it into their backup solution." 10:21 Nic: "The Bitcoin SV case study recently, where they kept orphaning blocks because they were making them too big is a cool real-world example of these cautionary tales we told ourselves for years and years." 10:53 Nic: "So Blockstack uses Bitcoin as the anchor layer, is that right?" 10:57 Jude: "Yes. ... Right now we're building the second generation Stacks blockchain." 12:26 Nic: "Do you have independent validation on the Stacks chain? Or is it all dependent on Bitcoin's own security?" 12:33 Jude: "We just use the hashpower and the difficulty of reorganization from Bitcoin." 12:45 Jude: "We use a novel consensus protocol called proof of burn, where instead of destroying electricity to produce tokens - like a Proof-of-Work system - you destroy an existing cryptocurrency to produce Stacks blocks." 13:11 Nic: "I think this is in a class of a new set of blockchains anchoring themselves to Bitcoin - Fairblock being another easy example." 13:59 Jude: "Ethereum lowered the barrier of entry for creating your own alt coin." 14:13 Patrick: "Nic, how'd you get into Bitcoin?" 14:18 Nic: "I was really big on Reddit from 2010 onwards... and Bitcoin was fairly prominent on all the tech subreddits." 15:44 Nic: "Professionally, I got into crypto while doing a Masters in Finance where I sought to learn valuation techniques and apply the ones from equity valuation to cryptocurrency, which proved to be an impossible task." 16:21 Nic: "Coming out of school, I got connected to folks at Fidelity, who were super progress about Bitcoin." 17:36 Patrick: "Aside from finance, you also studied philosophy, right? How did that shape your view on this space?" 17:58 Nic: "One concept I think about a lot from my philosophy degree is the 'ontology of blockchains'." 20:08 Patrick: "Circling back to your role in VC - outside of Bitcoin, what other public blockchains interest you?" 20:47 Nic: "If you're building on the 20th most popular smart contract platform, there's a very real chance the main developers give up and you'll be marooned on this obsolete chain." 22:07 Jude: "Our co-founder, Muneeb, used to tell the story of how Blockstack was originally going to run on Namecoin." 22:49 Jude: "One mining pool controlled over 60% of Namecoin... for months... and no one noticed or cared." 23:41 Nic: "This reminds me of a pretty entertaining episode of my startup, Coin Metrics." 25:27 Nic: "We still get bugs on Bitcoin. We had a critical one recently." 25:33 Jude: "I predict that if such a bug like that got exploited... miners would unwind the chain to mitigate it before developers had a chance to patch it." 26:16 Jude: "Bitcoin is more than just software. It's a social contract realized as a software artifact." 27:41 Nic: The interesting thing about forks is there are very few cases where the developers didn't bless the chain that ended up winning." 28:53 Jude: "Unless it's a case like Monero where it's one person being a jackass and that person gets jettisoned." 29:43 Jude: "I think people get very emotionally invested in whatever fork they prefer, whether or not there's a crypto token involved." 30:14 Nic: "I think it's been a myth in crypto in 2017, which is that developers are mercenaries and we need to fund them exclusively with built-in inflation from the protocol." 30:47 Nic: "And I would say in some cases it's a risk - take the Zcash situation." 31:59 Jude: "With systems like Zcash's founder's reward, beneficiaries can get complacent because they receive the reward either way, whereas with Blockstack's app mining system, you have to compete all the time to receive a reward." 32:17 Patrick: "I definitely see crypto as inherently political." 33:37 Patrick: "In our initial version of app mining, we actually learned a lot of really valuable lessons." 35:03 Nic: "What's the aggregate value of rewards being paid out through app mining?" 35:07 Patrick: "$100,000 per month in bitcoin." 35:25 Patrick: "Subject to SEC Reg A filing, that would become $1,000,000 per month." 36:28 Nic: "I have to say... Blockstack's SEC filing was the first disclosure I ever read that was sufficient for a token raise." 38:42 Nic: "Are app mining tokens granted to developers or users?" 39:10 Patrick: "Our goal is really to make developers as happy as possible while also being as fair as possible." 39:34 Nic: "Where would you situate Blockstack in the existing ranking of dapp platforms?" 0:40:13 Patrick: "I think we're #1." 40:43 Patrick: "Our mission is really upgrade the Internet." 41:51 Patrick: "The Internet we're operating on today is really like a third world country where people don't have property rights." 43:21 Nic: "So much of the time in crypto we recreate these messy and ugly human institutions like voting driven governance that becomes cartelized in short order, or corrupted." 44:37 Nic: "One thing I critique a lot is this modeling of humans as what I call 'rationality vending machines'." 45:41 Jude: "A lot of these governance systems are designed by people maybe qualified to write software, but certainly not qualified to develop political systems." 46:35 Nic: "Jude, so you would prefer that there's always a way to veto these systems or shut them down?" 46:43 Jude: "Absolutely. ... We have failed as a species if we manage to build machines that enslave us." 47:44 Nic: "It surprises me that the laundering scandals have not really hit crypto yet." 48:55 Patrick: "What books or resources would you recommend for people to dive deeper into crypto?" 49:23 Nic: "The Princeton textbook on crypto... "Applied Cryptography"... and "The Information." 50:20 Nic: "I also really like Taleb's canon." 51:55 Goodbyes. 52:19 Credits. Nic Carter: twitter.com/nic__carter Jude Nelson: twitter.com/JudeCNelson Patrick Stanley: twitter.com/PatrickWStanley Zach Valenti: twitter.com/ZachValenti See omnystudio.com/listener for privacy information.
Tyler Tringas, founder of Earnest Capital, discusses the origin of his alternative to traditional VC funds, the radical transparency movement, building a community of founders and mentors, investing in Default Alive Companies, paid versus freemium models, and more with James Gallagher, editor at Maker Mag, Publicly Traded Person, Pioneer winner, and author of the book "Life Capital". See all previous episodes on Maker Mag. Sponsored by Blockstack.
Today’s episode features a conversation between Santi Siri - Founder of Democracy Earth Foundation, the Y Combinator-backed non-profit enabling token-based community participation - and Patrick Stanley, Blockstack’s Head of Growth. Together, they explore the concept of democracy, the decline of nation-states, and the potential of open-source protocols and crypto networks to enable free, sovereign, and incorruptible governance. 00:42 Patrick tells the story of how he and Santi met in San Francisco through Balaji Srinivasan. https://twitter.com/balajis https://www.amazon.com/Sovereign-Individual-Mastering-Transition-Information/dp/0684832720 02:19 Patrick: "For the folks who don't know you: who are you and what have you been working on?” 02:24 Santi: "For the last six years or so I've been implementing new kinds of democratic experiments... which led to the formation of The Democracy Earth Foundation where we explore this intersection of using blockchain based networks to deploy democracy over the Internet." https://democracy.earth https://twitter.com/democracyearth 04:03 Patrick: "Can you unpack your tweet: 'The Internet is not compatible with the nation state?'" https://twitter.com/santisiri/status/998028341633568769 05:40 Santi: "If not even the US is protected from foreign influence meddling with domestic affairs, then the nation state is no more. We have to acknowledge the fact that we live in the Age of Information.” 06:05 Patrick: "Presuming that's correct, what's next then?" 06:13 Santi: "I think it's the most interesting moment in time to be working on software." 06:55 Santi: "Democracy is simply an idea that can be extremely helpful when you really need it the most: when you face disagreements as a society or organization." 07:25 Patrick: "Where do you believe democracy should be applied in the context of deep disagreements in the crypto protocol space?" 07:36 Santi: "It is challenging in crypto because it's an environment where creating an identity is extremely, extremely cheap." 08:11 Santi: "Most of the governance happening in crypto today is fundamentally proof of stake or coin voting. For private endeavors, it works very well - it's like shareholder voting. Often less than 1% has over 50% of the vote." 08:38 Patrick: "Something about that sounds wrong, doesn't it?" 08:41 Santi: "Governance is tricky because it's not just the elite that understands how the system works. There are other constituents that are the people impacted by an economy. Not everyone is an economist, but everyone is impacted by the decisions they make about the economy." 9:00 Santi: "So if you don't want to have an elite running a society and you really want a society where everyone's input is considered, democracy becomes very useful. The challenge is not just reaching the best decision in a collective way, but reaching a legitimate decision - one that the greater constituency supports, and not just a powerful minority." 9:58 Patrick: "You've been working on quadratic voting. Can you tell folks what this is and what hopes you have for it?" 10:10 Santi: "Quadratic voting is an idea that comes from the Microsoft researcher and founder of the RadicalxChange movement, Glen Weyl..." http://glenweyl.com/research/ https://radicalxchange.org/ 10:27 Santi: "The idea is you can vote on any issue and every voter gets the same amount of credits, but the more votes you put on a specific issue, it will cost you an exponential amount.” 10:58 Santi: "If you really care for one issue, the opportunity cost will be really high for not supporting other issues." 11:11 Santi: "This leads to this outcome where the winning option is something that is the preference of the community, but also - because of this interesting quality of square roots - it's also an option that has the greatest support among the quantity of voters." 11:29 Patrick: "The one catch there that I'm thinking of is Sybil attacks... how do you stop those?" 11:50 Santi: "We're actually researching using quadratic voting to validate identities themselves." 12:32 Santi: "The two requirements of quadratic voting (qv) is that you need to have a strong consensus and identities participating. This is a requirement of any democratic system. And then you have a Universal Basic Income mechanism of some kind." 12:54 Patrick: "You mentioned previously a fear of becoming Facebook in the process of solving this problem. What's the concern there?" 13:21 Santi: "Facebook became a relevant attack vector for legacy democracies because they've become the largest identity registry in the world." 13:36 Santi: "There are two ways to subvert democracy: one is control the identity registry of voters and the other one is gossip - false information that confuses the voters." 13:53 Santi: "If we're going to do any kind of formalization of identity... to help people trust that there's a human behind an address and that that human doesn't hold the keys to any other address within a consensus... we should do it in a way that prevents the formation of a monopoly." 14:20 Santi: "If you end up having a monopoly like Facebook or the People's Republic of China, then you have this Orwellian situation that works against the interests of democracy: free speech, the right to legitimate information...." 14:40 Santi: "The challenge is how do you have a marketplace that does not allow for the formation of monopolies?" 15:29 Santi: "We've been very lucky at Democracy Earth to do the first quadratic voting implementation for the state of Colorado." 15:58 Santi: "It's an incredible precedent. The first official quadratic voting round under the US government." 16:15 Patrick: "Do you feel online voting has more or fewer attack vectors than traditional voting?" 16:46 Santi: "Where there are deep disagreements, the stakes are high, and where the stakes are very high, attacks will happen." 17:21 Santi: "In traditional democracies, I think the best recommendation I've seen is actually from the German Supreme Court in 2009 where they argued... that hybrid models are ultimately best." 17:47 Santi: "The idea of paper is important because in large populations there are still not 100% digital natives. ... Our parents and elders are really digital migrants and we need to respect that reality." 18:12 Santi: "Democracy, at the end of the day, is always a work in progress.... It's really an ideology about how we make decisions." 18:47 Santi: "We cannot surrender this battle in the world of crypto." 18:56 Santi: "If this is the new world that we're creating... a new kind of plutocracy or oligarchy... we deserve better... and we should be daring to think about what democracy means in all of these contexts." 19:12 Santi: "We can really make something better that what the nation state has given us." 19:17 Patrick: "What are you excited about and see as worth pursuing in the next 20 or so years?" 19:48 Santi: "The rise of nations and the idea of nationality was a consequence of information technology. The printing press allowed for people to start writing and publishing books not in the language of power - that was Latin - but in their vernacular local languages. ... that gave this sense of being part of a large imagined community through literature." 20:23 Santi: "With crypto I think we're witnessing a similar phenomenon. In the rise of maximalism and these new protocols are a kind of nationalism." 20:32 Santi: "It's very clear these are nations founded not in a common language, but actually in a common ideology. If you're an Austrian economics money fetishist, you'll be a Bitcoiner." 21:22 Santi: "We troll each other too much, but we're really good, nice idealists." 21:35 Patrick: "The great thing about Twitter is you can lose your mind in public." 21:50 Santi: "The revolution of our generation is in crypto." 22:01 Patrick: "I would classify Bitcoiners as probably more libertarian, conservative leaning, less likely to be liberal - not to say there aren't any liberals in Bitcoin - and very much in the Hayek/Austrian school of economic thinking." 22:38 Patrick: "It does feel like people are splitting up into their own ideologies, but it still does feel like it's very early on and we're kind of in the Germanic nation state building era." 22:51 Santi: "We're discovering where the boundaries and new geographies and frontiers are. But there are frontiers and maximalism as nationalism is a very real thing." 23:06 Patrick: "Definitely. And I also think there will be fights and violence and - at a minimum - cyber warfare and meme warfare and potentially physical warfare between protocols. There's a lot at stake - especially over a long enough timeline, if these things accrue value." 23:33 Patrick: "Crypto is inherently political." 24:10 Santi: "I recently was with an expert on military defense and strategy and the way they approach the idea of how the world is at right now around in terms of cyber attacks and this whole new ground of the battlefield is that we're not in war or peace, but a world of un-peace. Everyone has to assume they've already been attacked." 25:10 Santi: "In China, you have to use a VPN. It's interesting. ... being there really pushes you to think about how you're being observed." 25:38 Patrick: "What changed in your mind about China visiting recently?" 25:43 Santi: "It's the one place where Communism took over and won and it's been the highest growth country on the whole planet for the last three to four decades." 26:08 Santi: "It turns out the Communist elites are the best administrators of modern capitalism." 26:23 Santi: "You feel the authoritarian state everywhere. You see cameras everywhere." 26:46 Santi: "There are some things about the transformation of China that you can really see being there. Of course, they are the worst about free speech - you have to access the Internet through a VPN. But on climate change, the silence coming from every single motor [being electric] in Beijing is really mind blowing." 27:31 Santi: "Communism was this terrible thing in the 20th Century. I watched the horror of Venezuela very closely and went to Cuba for a month when I was very young and it was a heartbreaking environment. It really was a big failure." 27:45 Santi: "But the Chinese experiment - at the same time - had this tremendous potential of bringing 300 - 400 million people into the life of the middle class." 27:58 Santi: "I come from a developing nation and I scratch my head how we can deal with 30% of the people in my country that are below the poverty line." 28:19 Santi: "There are a lot of things going wrong [in China] - I mean they're persecuting Muslims... that's why we need the Internet." 28:32 Santi: "For Democracy Earth, I think there's no bigger, killer use case than a Chinese democracy." 28:43 Patrick: "What do you think China got right that Cuba got wrong?" 28:46 Santi: "Deng Xiaoping allowing private property and capitalism." 29:12 Santi: "It is the labor of the world - the proletariat of the world. All of our iPhones, all of our computers, all of our chips...." 29:35 Santi: "In this age where we do perceive rising inequality, we do perceive the advance of automation. ... I don't think we should be so afraid of these ideas." 30:15 Santi: "All of the revolutions that happened in the 20th century happened in poor countries." 30:47 Santi: "People are talking about taxing AIs and robots - that's kind of what Marx was talking about." 31:02 Santi: "I don't believe much in revolutions because they all have this original sin of violence and I think we have much better tools than guns." 31:26 Santi: "We can definitely use computers to create better societies." 31:34 Patrick: "If some democracy is good, is absolute democracy better? And how do you avoid the Kyklos?" 32:46 Patrick: "It's democracy, aristocracy, and monarchy. And the three degenerate forms of these are ochlocracy, oligarchy, and tyranny." 33:08 Santi: "These thinkers are trying to find the gears of history, which are very hard to find. But if they are somewhere, I think it's looking through the lens information and information theory." 33:27 Santi: "I don't like absolutist ideas in politics. We need to use different tools for different means. It's evident that private endeavors and companies are much better governed by dictators - some people call them CEOs.” 34:04 Santi: "What I'm reading a lot lately is 'An Introduction to the Theory of Mechanism Design’ by Tobin Borgers." https://www.amazon.com/Introduction-Theory-Mechanism-Design/dp/019973402X 34:43 Santi: "I began my career as a video game developer and today I find myself reading a lot about game theory as it applies to the context of crypto." 35:10 Patrick: "Any other recommendations for books about game theory?" 35:24 Santi: "George Gilder's 'Knowledge and Power' which applies an information theory lens to understand capitalism." 35:46 Patrick: "There's probably a lot of listeners trying to learn more about how democracy can work online and what are the hard problems being solved... what would you recommend checking out?" 36:04 Santi: "I feel compelled to recommend the work we've been doing at Democracy Earth at democracy.earth and @democracyearth on Twitter." 36:43 Santi: "Everyone I talk to is very confused about things right now." 36:50 Patrick: "What do you mean?" 37:16 Santi: "We lost our compass in terms of what's democracy in modern day America - in the civilization we're creating. So we're all in a state of confusion." 37:31 Patrick: "Any other books or blog posts you'd recommend to listeners on democracy?" 37:37 Santi: "Hélène Landemore's 'Democratic Reason'" https://press.princeton.edu/titles/9907.html 38:07 Goodbyes. 38:19 Credits. Santi Siri: twitter.com/SantiSiri Patrick Stanley: twitter.com/PatrickWStanley Zach Valenti: twitter.com/ZachValenti See omnystudio.com/listener for privacy information.
Today’s episode features a conversation between the legendary author and investor, George Gilder, along with entrepreneur and investor Erik Torenberg, and Blockstack’s Head of Growth, Patrick Stanley. The three dive into George’s wide-ranging perspective on economics, information theory, and how how they relate to the world of cryptocurrency - ideas George explores in his latest book, “Life After Google” (https://www.amazon.com/Life-After-Google-Blockchain-Economy/dp/1621575764). Show Notes 2:38 Patrick asks George to talk about information theory and how it relates to economics and what George calls the cryptocosm. 4:49 Erick asks George to unpack his theory about the relationship between knowledge and power. 6:42 George: "I don't align knowledge and power. I say they're two different ways of seeing the world." 8:56 Patrick asks George why he believes information theory can be applied liberally outside the realm of computers it originated in. 9:16 George: "Money is not and shouldn't be an instrument of power. It's a measuring stick. The idea that money is wealth has been one of the great pitfalls of economic policy for centuries." 10:25 George: "Enterprise is an information process, rather than chiefly an incentive process." 11:55 Erik: "In our current economic paradigm, there's a lot of people who believe that technocrats have the knowledge. You believe it's the entrepreneur. Arnold Klen believes the knowledge lives in a broader market system. Why are those other models incorrect in your view?" 12:15 George: "There's a great effort throughout the history of economics to eliminate creativity from the economic model." 13:46 George: "I believe that entrepreneurial creativity transcends chemistry and physics." 14:14 Patrick: "What should we be measuring in the future to make a science of this entrepreneurial creativity and surprise?" 15:15 George: "Money is ultimately based on time. Time is what remains scarce when everything else becomes abundant." 17:49 Patrick: "What do you expect to happen in 2200 and there are no longer Bitcoins being minted?" 18:39 George: "This whole idea that money is an instrument of sovereignty was not true until 1971." 19:10 Patrick: "How much do you think the British Empire benefited from Newton calculating the gold standard?" 20:45 George: "Satoshi made a wonderful first draft of a potential new monetary standard that identifies money as an essential, immutable scarcity rather than some kind of manipulable instrument of government power." 21:19 Patrick: "Presumably Bitcoin could make a good measuring stick for 100 years or so?" 22:11 Erik: "One critique of an entrepreneur-centric model: some people say it's all about market - that some markets are destined to happen and entrepreneurs are just riding the trend. Why is this incorrect in your view?" 23:31 George: "How does the market come to be? My thesis is entrepreneurial creativity and the division of labor is dependent on the extent of knowledge and enterprise. The market is a product of enterprise, not the other way around." 24:29 Erik: "How else do you think your view of the economy has shaped your view as a venture capitalist?" 25:55 George: "The real, fundamental innovation is cryptocurrencies, which address the two great crises I see in the economy: (1) the collapse of internet security, which makes for a broken paradigm and (2) money, which is no longer a measuring stick or source of knowledge, but an instrument of government power." 27:31 Patrick: "Didn't Patri Friedman say that five billion dollar figure of currency trading is inflated?" (https://twitter.com/patrissimo/status/1119481823480827904) 28:37 George: "A measuring stick cannot be part of what it measures. This was one of Milton Friedman's great errors. And even he said in one of his last interviews ‘I wouldn't control the money supply as much as I once did.’" 30:19 George: "Everyone's suspicious of everybody because Internet architecture is a porous pyramid and endlessly hacked." 30:39 Erik asks what George would change about the government’s role in the economy. 30:51 George: "We desperately need a real money system. And I believe this will spring from the crypto currency realm." 31:28 George: “The problem with Bitcoin is because it is so restricted in the total amount that can be emitted it's going to be necessarily very volatile and unpredictable." 32:42 George: “The other thing we have to understand is that big banks have essentially been nationalized.... They're part of this morbid financialization whereby banking absorbs some 40% of government profits.” 33:37 Erik: "What is the ideal role and purpose of the financial sector?" 34:55 Erik asks George if he’d be excited about a world in which people were allowed to equity invest in other people. 35:32 George: "As long as they don't demand guarantees. The student loan program was not a loan program because the whole program was guaranteed. … The crucial thing is these various projects be allowed to fail." 36:30 Erik: “Bill Janeway argues government is more than just a low-entropy carrier. Do you think there's an active role in government investigation in in long term R&D projects?” 37:12 George: “I think governments do do valuable research and development. ... But the Internet - just as the semiconductor industry - only took off after it broke loose from the government laboratories." 37:45 George: "You have to accept the world as it is and see how it can be improved. I'm not a libertarian and don't believe all government can be eliminated." 38:04 George: “These should be low entropy carriers - that is predictable carriers - that allow creativity to flourish.They shouldn't be manipulable carriers that stifle innovation.” 38:49 Erik: "How do we incentivize people to participate in activities with lots of value created and little captured? Like having kids, writing books, etc." 39:47 George: "I support low entropy carriers that support high entropy creations. This insight let me predict that all information in the world would migrate to the electromagnetic spectrum." 41:29 Patrick: "What elements need to remain low entropy in this full stack to ensure that we have a very prosperous, highly creative civilization being built on it?" 43:10 George: "Julian Simon wrote decades ago about 'The Ultimate Resource' and ‘Time Pricing.’" 45:36 Erik: “What problems arise when people don't understand money is time?” 48:04 Erik: "How do you think about the importance of community - the role religion used to play - and how we think about measuring it in society?" 49:10 Erik: "Robert Wright has this idea of 'non-zero,' where our fates tend to become more intertwined over time and continually force us to create “Win Win” vs “Lose Lose” games. What do you think about his thesis?” 50:12 Erik: "What does that mean for the people that get left behind?" 51:29 George: "Having such a bureaucratic welfare system has made the real welfare system the homeless system. ... [A]nd it's making our cities increasing unlivable." 53:20 Patrick: "Part of me wonders if this is just a part of an ongoing cycle between essentially common sense and compassion and bureaucracy and ‘tragedy of the commons’..." 53:37 George: "Philip Howard just wrote a series of books about the death of common sense and shows how bureaucracies trying to guarantee outcomes kind of eclipses common sense." 54:53 Erik: "There's been a constant push and pull in governments over time between centralization and decentralization. ... Yuval Noah Harari writes about this. Is it self evident to you that systems tend towards decentralization over time?" 56:22 George: "One human brain has the complexity of connectivity of the entire Internet, yet one human brain uses 14 watts of energy to function, compared to billions of times more energy for the Internet." 57:12 George: "Efforts to supplant human brains with computers is futile and - thus - self destructive." 57:48 Erik: "Reflecting out to the future, do you envision global governing bodies or more fragmentation between independent city states?" 59:47 Patrick: "My concern is how you stop the lone nihilist from pushing the button as destructive technologies become increasingly available." 1:00:25 George: "I don't fear the Panopticon, particularly." 1:01:21 George: "New technologies are our only answer to problems like the ones you describe." 1:02:08 George: "I think one of the great contributions of cryptocurrencies is attestation: a timestamped record of your transactional behavior allows you to document to predatory corporations, or tax authorities, or tax collectors just what in fact you did do." 1:02:55 Patrick: "What would the Jews have done in 1941 in Germany if there'd been a surveillance state in place?" 1:03:24 George: "All this violence expressed was a collapse of the global economy and the destruction of money." 1:04:04 George: "I think it really is important the world economy work in a “Win Win” way." 1:05:06 Erik: "Would you be against the charter city movement?" 1:06:29 Erik: "In the next 20-50 years do you imagine that language or currencies will be more concentrated or more dispersed or a back and forth?” 1:07:02 George: "The condition for the world wide growth of capitalism after the industrial revolution was a single global money." 1:07:25 George: "I think money is intrinsically unitary - it's like the second. We're not going to have different timing systems all over the world that aren't interoperable." 1:08:16 Erik: "What do you make of David Graeber's ideas around debt?" 1:09:47 Erik: "Where do you find yourself disagreeing with Hayek's view?" 1:11:15 Erik: What would need to be true for you to think that the federal reserve is doing a good job or serves a core purpose and should continue to exist and flourish?" 1:12:09 Erik: "How does your view differ from the Austrian school that would even disagree with the Fed serving the role of last resort lender?" 1:13:04 Erik: “How have you evolved your assessment over time of what are or aren't low entropy carriers?" 1:15:46 Patrick: "What do you attribute your recent book's success in China to? And what do you notice about your recent visits to China and how has it changed over the years?” 1:16:09 George: "China and the US are a fascinating contrast." 1:17:26 George: "Huawei is a great capitalist story in China." 1:18:46 Erik: "What's your next book or three going to be about?" 1:18:54 George: "I’m writing a biography on Carver Mead - the engineer and physicist at CalTech. Considering writing about ‘Life After Silicon’ and potentially another book on connectomes.” 1:21:26 Goodbyes. 1:21:43 Credits. George Gilder: twitter.com/ScandalOfMoney Erik Torenberg: twitter.com/ErikTorenberg Patrick Stanley: twitter.com/PatrickWStanley Zach Valenti: twitter.com/ZachValenti See omnystudio.com/listener for privacy information.
Today’s episode features a conversation between Ari Paul - the cryptocurrency investor and co-founder of BlockTower Capital who also serves as its Chief Investment Officer - and Muneeb Ali, co-founder & CEO of Blockstack PBC. Ari and Muneeb cover a variety of crypto developments from both a Political Science and Distributed Systems Engineering perspective. They focus particularly on the issues of scaling networks like Ethereum, whether sharding is a holy grail or not, the challenges of digital asset custody, and more. Show Notes 0:41 Muneeb: "How we met through Naval..." 2:33 There aren't many industries or asset classes where you can show up and be talking with the leaders almost immediately. 4:13 Muneeb: "What are you up to these days?" 7:10 Muneeb: "I'd love to get your Poli Sci perspective on a complex system being directly interacted with by users versus a very simple base layer being built on top of." 8:19 Ari: "One thing you see throughout time is some form of federalism." 10:31 Muneeb: "Imagine a mainframe computer for the entire world... it's not scalable by definition." 12:19 Muneeb: "Should you even be trying to attempt sharding at the blockchain layer?" 14:19 Muneeb: "Nodes would need near global information... which kind of kills the purpose of having shards in the first place." 16:52 Muneeb: "There's this notion - if you’re interacting with the blockchain - that smart contracts are the only interface available." 19:04 Muneeb: "Imagine a word processor... what parts do you want to hit the blockchain layer?" 24:24 Ari on how development of solutions like sharding gets going. 26:50 Muneeb: "We recently got pulled into some of the Ethereum scalability research... and recently did this public review of Casper's CBC." 29:04 Ari: "It's very frustrating to me when I discover the religion in politics of crypto." 30:03 Muneeb: "Sometimes people will ask me 'How is your Gaia storage system different FileCoin?'" 32:58 Ari: "Are you going to be integrating any Craig Wright innovations into Blockstack?" 35:34 Ari: "When you're playing poker, you want to play rational actors." 36:11 Ari: On custody and the value of vanishing. 37:07 Muneeb: "I do think [custody is] something that more and more people will start worrying about as our assets are in crypto currencies." 40:11 Ari: "Something that scares me in an existential sense: all tech is breakable." 42:30 Muneeb: "We really believe in the ability to exit." 45:32 Ari: "My concern is in the asymmetry." 47:57 Muneeb: "Look at SSL: maintained by one individual, then Heartbleed happened." 49:24 Ari: "I think it's wonderful we’ve had some Proof of Work attacks on the Ethereum Classic network... that's antifragile." 49:59 Ari: "The financial system doesn't worry about this because there's the fallback to legal." 50:57 Ari: "Andreas Antonopoulos would say Bitcoin is uncensorable because the network can block bad actors, but..." 51:28 Goodbyes. 51:52 Credits. See omnystudio.com/listener for privacy information.
Josh Pigford, founder of Baremetrics, discusses his many side projects, when to decide it's time to kill an idea, and the Open Startups movement. In chat with Anne-Laure Le Cunff, founder of Maker Mag. Sponsored by Blockstack.
Al Chen discusses the no-code movement and tools to help makers build products without code with Ben Tossell, the founder of MakerPad and the Head of Platform at Earnest Capital. When does no-code make sense? What is the future of no-code? Listen for answer to these, and more. Sponsored by Blockstack.
Front-end architect and speaker Mina Markham is Jeffrey Zeldman's guest. Mina discusses her career path, her work at as a senior engineer at Slack, how she came to create the Hillary Clinton UI pattern library “Pantsuit,” her time at IBM, helping others and inviting women of color into STEM fields, becoming a public speaker in spite of deep introversion, a recent South African safari, air travel, conferences, the joys of visiting Italy, and more. Enjoy a relaxed and illuminating glimpse into the life of a private and highly creative person. Links for this episode:Mina Markham, DeveloperMina Markham on Twitter (@minamarkham)Mina Markham on GitHubMina Markham on LinkedinSassy StarterFront Porch ConferenceSlackSlack on TwitterMina's storyBuilding Pantsuit – the Hanselminutes Podcast by Scott HanselmanBlack Girls Who CodeGirl Develop ItBrought to you by: Blockstack (The Blockstack ecosystem is hard at work and we'd love to have you, learn more and get started at blockstack.org/bigwebshow).
Legendary computer scientist, web standards pioneer, and indie-web proponent Tantek Çelik is Jeffrey Zeldman's guest. The secret history of standards in our web browsers. How web standards moved from academic ideas that sometimes couldn't even be implemented to the foundation of our modern web. The rift between standards-oriented, CSS-and-accessibility-loving web developers and those who rely on powerful and sophisticated toolchains: can it be bridged? The Flash years and today. Indieweb tools and the independent web community: what it's about and how to get started. Readers versus social readers. Taking back privacy and the ownership of our content. Links for this episode:Tantek Çelik (@t) | TwitterTantek ÇelikTantek Çelik - Wikiwand5by5 | The Big Web ShowIndieWebMicro.blogMicrosub - IndieWebreader - IndieWebBrought to you by: Blockstack (The Blockstack ecosystem is hard at work and we'd love to have you, learn more and get started at blockstack.org/bigwebshow). Robinhood (Robinhood is giving you FREE stock like Apple, Ford, or Sprint to help you build your portfolio. Sign up at bigwebshow.robinhood.com).
A conversation between Paul Jarvis, author of Company of One, and Anne-Laure Le Cunff, founder of Maker Mag. Talking about passion vs pragmatism, growth vs sustainability, connecting with customers at scale vs personal touches, and more. Sponsored by Blockstack.
It's been said, “If it's free, you're the product.” Centralized internet platforms store data that users, the producers of said data, do not own. As Xan Ditkoff, Production Partner of Blockstack, puts it, “In the past, ownership and assets in the digital form have really taken two forms. They're either real world assets that have traditional mechanisms for property rights… those mechanisms [are] digital and the asset is not really digitally native. The other form being actual digital assets-- data users are generating being the easiest example.” Blockstack is a new internet for decentralized apps where users own their data. In this episode, CEO John Belizaire sits with Xan to learn about another blockchain use case: user autonomy. They discuss Blockstack's feature in the book Life after Google by George Gilder, the real-world values of one's digital footprint, Xan's path to the tech world and how Blockstack is utilizing the blockchain to decentralize identities. “When I look at bitcoin, the fundamental investment is pretty straight-forward and simple, but also profound, and that is for the first time in human history we can now establish digital trust on a peer-to-peer level, globally.” -Xan DitkoffConnect with us + our guests@TheKingdomPod@SolunaPower @JBelizaire66@XanDitkoff@BlockStackLiked what you heard? Be sure to rate us *5* stars, leave a quick review, and subscribe. Check out our blog, Clean Integration, on Medium for more or visit us at soluna.io
The Internet: the most impactful invention of modern human history. It has transformed the way that we talk with each other, do business, educate and learn - even the way we think. But how did we get here? What were the choices, the experiments, and, yes, even the moments of blind luck that created the Internet we use today? And, more importantly, who are the innovators and disruptors that are building what we will use next? Hosted by podcast personality Zach Valenti with guest hosts Ryan Shea and Muneeb Ali, co-founders of Blockstack, The Internet 3.0 brings you the stories of digital explorers on the frontier of decentralized protocols, cryptocurrencies, and other revolutionary technologies that are changing the face of the Internet forever. Music by Andrew Applepie (http://andrewapplepie.com) See omnystudio.com/listener for privacy information.
OK, here we are in June 2017 and it is TIME to start rethinking identity on the internet. The internet was built on principles of openness, freedom and decentralization, but the current configuration frequently falls short of these standards. Now, there is an open-source project is trying to address some of the fundamental problems with the modern web. This week we are ALL about snagging Muneeb Ali to chat about the freshly announced Blockstack browser, which changes the dynamic and brings the power back to the people.
Descentralizar la Internet con blockstack.org
Hello, welcome to episode 44 of The Bitcoin Game,I'm Rob Mitchell. In today's episode, Blockstack co-founder Ryan Shea helps me understand what Blockstack is doing to create a decentralized web with local apps, secure DNS, identity anchored to the Blockchain, and more. SHOW LINKS Blockstack - blockstack.org Ryan on Twitter - @ryaneshea Blockstack on GitHub - Github.com/blockstack Ryan on GitHub - shea256 Ryan's Blog posts - medium.com/@ryanshea STAY IN TOUCH https://Twitter.com/TheBTCGame http://TheBitcoinGame.com Rob@TheBitcoinGame.com Bitcoin tipping address for this episode: 1G8HDg5EsPQpamKYS2bDya9Riv9xv1nVo5 Thanks so much for taking the time to listen to The Bitcoin Game! SPONSOR While much of Bitcoiners' time is spent in the world of digital assets, sometimes it's nice to own a physical representation of the virtual things you care about. For just the price of a cup of coffee or two (at Starbucks), you can own your own Bitcoin Keychainor the newer Bitcoin Fork Pen. As Seen On TechCrunch• Engadget• Ars Technica• Popular Mechanics Maxim• Inc.• Vice• RT• Bitcoin Magazine• VentureBeat CoinDesk• Washington Post• Forbes• Fast Company http://bkeychain.com http://bitcoinforks.com CREDITS All music in this episode of The Bitcoin Gamewas created by Rob Mitchell. The Bitcoin Gamebox art was created from an illustration by Rock Barcellos.
On this episode of BlockChannel, McKie and Petty interview Ryan Shea, Co-Founder of Blockstack. Blockstack is a decentralized web browsing experience brought to you by the power of blockchain technology. Ryan and his other Co-Founder, Muneeb Ali, both share a vision of a decentralized web; one where individuals control the data that encapsulates their private identities. Learn how they plan to create this system with Blockstack, and how they grew to begin this great venture. Show Links: Blockstack: blockstack.org Blockstack Slack: chat.blockstack.org/ Ethereum Name Service (ENS): ens.readthedocs.io/en/latest/introduction.html Intro/Outro Music by Umai: Thebaygerian – 002-chief-umeh-x-typicalshit Show Sponsor(s): Cryptodex: cryptodex.io