Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant) (#504)

Illustration by means of 99designs
” We wanted digital countries but we got digital nationalism.”
— Vitalik Buterin

Vitalik Buterin (@VitalikButerin) is the developer of Ethereum. He co-founded Bitcoin Magazine in September 2011, and after 2 and a half years looking at what the existing blockchain innovation and applications had to provide, composed the Ethereum white paper in November 2013. He now leads Ethereums research study group, working on future variations of the Ethereum procedure.

Naval Ravikant (@naval) is the co-founder and chairman of AngelList. You can subscribe to Naval, his podcast on wealth and happiness, on Apple Podcasts, Spotify, Overcast, or wherever you get your podcasts.

Please delight in!

Listen to the episode on Apple Podcasts, Spotify, Overcast, Stitcher, Castbox, Google Podcasts, or on your preferred podcast platform.

Given you by Wealthfront automated investing, Piques Daily Immune (Vitamin C optimized for absorption), and Theragun percussive muscle therapy gadgets. More on all 3 listed below.

Listen onApple Podcasts

Listen onOvercast

This episode is brought to you by Theragun! Theragun is my go-to option for healing and restoration. Its a popular, handheld percussive treatment gadget that releases your deepest muscle stress. I own two Theraguns, and my girlfriend and I utilize them every day after workouts and prior to bed. The brand new Gen 4 Theragun is simple to utilize and has an exclusive brushless motor thats surprisingly peaceful– about as peaceful as an electrical tooth brush.

INDIVIDUALS MENTIONED.

Vitalik Buterin (@VitalikButerin) is the developer of Ethereum. He now leads Ethereums research study team, working on future variations of the Ethereum procedure. Dealing with the difficulties of making Ethereum scale: go into Ethereum 2. How the Ethereum Foundation, ConsenSys, and Uniswap (to name just a few companies and applications) co-exist and team up within the Ethereum community, and how this dynamic differs from the Bitcoin community. What recommendations does Vitalik have for somebody who wants to get involved in the Ethereum community?

What was your preferred quote or lesson from this episode? Please let me know in the comments.

Listen onSpotify

Associated and Recommended.

Ethereum.
AngelList.
Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy|The Tim Ferriss Show # 473.
The Quiet Master of Cryptocurrency– Nick Szabo|The Tim Ferriss Show # 244.
Ethereum Foundation.
What Is Bit Gold? The Brainchild of Blockchain Pioneer Nick Szabo|CoinCentral.
Zcash.
Blockchain: Everything You Need to Know|Investopedia.
Ethereum vs. Bitcoin|The Economist.
ENS (Ethereum Name System).
Private, Secure Communication|Status.
What Is DeFi?|CoinDesk.
Smart Contracts|Investopedia.
LEGO.
Voltron|Wikipedia.
Justin Sun Recounts Steem-Hive Hard Fork at Virtual Blockchain Week|Coin Telegraph.
Tough Fork (Blockchain)|Investopedia.
Endnotes on 2020: Crypto and Beyond|Vitalik Buterin.
” Smart Contracts Are Castles Made of Math, Freely Trading with Each Other.”|Naval Ravikant, Twitter.
WordPress.org.
Automattic.
The Uncanny Mind That Built Ethereum|Wired.
Namecoin.
How Ethereum Works: The History of Ethereum|CertiK.
DNS on Blockchain: The Next Evolution of Domain Names?|Nameshield Blog.
Whats an NFT? And Why Are People Paying Millions to Buy Them?
DAOs, Blockchain, and the Potential of Ownerless Business|Investopedia.
MakerDAO.
Stablecoin RAI Launches, a Pure, Decentralized Alternative for DeFi|Coin Telegraph.
Ethereum 2.0 Is Coming– Heres What You Need to Know|Boxmining.
Layer 2 Scaling|Ethereum.org.
The Eth2 Upgrades|Ethereum.org.
BitTorrent.
Why Proof of Stake (Nov 2020)|Vitalik Buterin.
An Incomplete Guide to Rollups|Vitalik Buterin.
StarkWare Industries Ltd
. Moores Law|Investopedia.
Ethereum Virtual Machine (EVM)|Ethereum.org.
zkRollup Exchange and Payment Protocol|Loopring.
Optimism.
Bitcoins “Block Size” Debate: Big Blockers v. Decentralists|Lexology.
Bitcoin Cash.
Ethereum Classic.
Shock: Ethereum Miners Against Proposal to Reduce Block Rewards by 75%|Coin Telegraph.
ConsenSys.
Uniswap.
The Diaspora * Project.
Premining|Investopedia.
Fair Launch Tokens Outshine the Average Coins Performance|Coin Telegraph.
Cryptocurrency Prices, Charts, and Market Capitalizations|CoinMarketCap.
SushiSwap.
Coinbase.
Whats Next for Crypto Regulation|The New York Times.
Indias Cryptocurrency Ban: Top 5 Things To Know|Bloomberg Quint.
Ethereums EIP 1559 Fee Market Overhaul Greenlit for July|CoinDesk.
Sound vs. Ultrasound Crypto Money|Reddit.
US Army Fort Knox.
A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says|CoinDesk.
Bitcoin Maximalism|Investopedia.
Gini Index|Investopedia.
Tornado Cash.
Public Good|Investopedia.
Quadratic Payments: A Primer|Vitalik Buterin.
Tragedy Of The Commons|Investopedia.
Grants|Gitcoin.
Zero Knowledge Proof: Explain it Like Im 5 (Halloween Edition)|Hacker Noon.
ZK-Rollups|Ethhub.
The Fable of the Dragon-Tyrant|Nick Bostrom.
ENIAC|CHM Revolution.
Bioconservatism, Bioenhancement, and Backfiring|Journal of Moral Education.
Tracking the Vaccine Race|Reuters.
Why America Abandoned Nuclear Power (and What We Can Learn from South Korea)|Vox.
Reality Extension: Caloric Restriction or Intermittent Fasting? (Part 1)|Tim Ferriss.
Real Life Extension: Caloric Restriction or Intermittent Fasting? (Part 2)|Tim Ferriss.
My Life Extension Pilgrimage to Easter Island|The Tim Ferriss Show # 193.
Peter Attia, M.D.– Fasting, Metformin, Athletic Performance, and More|The Tim Ferriss Show # 398.
12 Proven Health Benefits of Ashwagandha|Healthline.
The 4 Hour Body: An Uncommon Guide to Rapid Fat Loss, Incredible Sex, and Becoming Superhuman by Timothy Ferriss.
Differential Responses of Trans-Resveratrol on Proliferation of Neural Progenitor Cells and Aged Rat Hippocampal Neurogenesis|Scientific Reports.
Some Thoughts on For-Profit Psychedelic Startups and Companies|Tim Ferriss.
Meetup.
Official Moon Math.
An Approximate Introduction to How zk-SNARKs Are Possible|Vitalik Buterin.
On Collusion|Vitalik Buterin.
Ethereum Founder Vitalik Buterin Speaks Chinese throughout QnA|Top Studios.
Discover Languages Online|Pimsleur.
Duolingo.

CHOSEN LINKS FROM THE EPISODE.

Go to Theragun.com/ Tim today and get your Gen 4 Theragun today, beginning at only $199.

The Tim Ferriss Show is one of the most popular podcasts on the planet with more than 600 million downloads. It has actually been selected for “Best of Apple Podcasts” three times, it is typically the # 1 interview podcast throughout all of Apple Podcasts, and its been ranked # 1 out of 400,000+ podcasts on numerous celebrations. To listen to any of the previous episodes for complimentary, check out this page.

This episode is given you by Pique and their brand-new supplement, Daily Immune– Vitamin C enhanced for absorption. Piques Daily Immune is made the most of for absorption with liposomal encapsulation technology and Piques special formula supports a healthy body immune system. Its so easy and tastes so good– think black European elderberries– you may pick to take it one or two times a day, as I do.
Attempt it for yourself risk-free– with their 30-day fulfillment warranty, you either love it or get your cash back. When you purchase a bundle, go to PiqueTea.com/ Tim and use code TIM at checkout to get 5% off your first order plus totally free shipping.

SCROLL BELOW FOR LINKS AND SHOW NOTES …

This episode is given you by Wealthfront! Wealthfront pioneered the automated investing motion, often described as robo-advising, and they currently supervise $20 billion of assets for their customers. It takes about three minutes to register, and after that Wealthfront will build you a worldwide diversified portfolio of ETFs based on your threat cravings and handle it for you at an extremely low expense..

What is Ethereum, and how does it vary from Bitcoin?
Ethereum applications Vitalik is most thrilled about.
What is DeFi?
How does intellectual residential or commercial property retain its worth in such an interconnected system?
Digital nationalism, castles made from math, and comparing and contrasting how Ethereum and WordPress run. 25:30
What was the initial vision for Ethereum, and what has Vitalik found most unexpected about how its been utilized in between principle and the present day?
Attending to the challenges of making Ethereum scale: get in Ethereum 2. 34:21
What does proof-of-stake mean in the context of the blockchain, and why is its effectiveness debated? 41:45
How layer 2 operates more efficiently than layer 1, and to what degree when you aspect in rollups and future computational capability. 45:54
When can people wagering their companies on these enhancements reasonably expect them to be executed? Is there a threat that some people will not wish to make the shift, and could this cause issues down the line? 54:37
As somebody who prefers to collaborate instead of dictate, what happens when Vitalik disagrees with the way designers use Ethereum?
How the Ethereum Foundation, ConsenSys, and Uniswap (to call just a couple of companies and applications) co-exist and team up within the Ethereum neighborhood, and how this vibrant differs from the Bitcoin community. 1:03:02
How tokens on the blockchain are like fire: crucial to advance, however not without their own risks. It truly depends on the inspirations of the person utilizing them.
On the sovereign-resistant strength of cryptocurrencies in the face of regulation, and how some authorities are occurring to the concept that blockchain innovations can be beneficial.
What is Vitaliks current perspective about where the ETH supply heads and what the ETH cost indicates for the environment? 1:18:05
As someone whos worried about wealth inequality, what does Vitalik consider the distribution of wealth in a crypto-run economy as opposed to an economy based on a fiat currency like the United States dollar or the Euro? 1:23:08
Nowadays, whats Vitalik thinking about that falls outside the cryptosphere?
What is quadratic funding, and can it be done anonymously? 1:30:30
How quadratic funding can be combined with other methods to fund scientific research.
Navals thoughts on campaign financing following a similar technique. 1:39:23
What locations of clinical research study is Vitalik most thinking about supporting? 1:40:17
What is Vitalik doing to live to 1,000 (and beyond), and what would we improve in the area of scientific research? 1:42:49
After 2020s tumultuous changes, does Vitalik have ideas of where the world is headed in the next few years with which his peers might disagree? 1:49:54
What advice does Vitalik have for somebody who wants to get involved in the Ethereum ecosystem? What are the points of leverage?
Another contrarian thing Vitalik believes.
As an enthusiast of language learning, how does Vitalik advise somebody begin learning a language most effectively?
Parting ideas.

Want to find out more about cryptocurrency? Listen to the conversation Naval and I had with cryptographer Nick Szabo, in which we go over the problems cryptocurrencies were created to fix, damp versus dry code, quantum believed, future occupations, and the existential risks of blockchain governance.

Link with Naval Ravikant:.
Website|Twitter|Naval Podcast.

Link with Vitalik Buterin:.
Website|Twitter.

SHOW NOTES.

Smart investing need to not feel like a rollercoaster trip. Get started today at Wealthfront.com/ Tim.