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Vitalik: Ethereum, Part 1

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Release Date: 04/08/2022

Curate People show art Curate People

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The Best Only Want to Work With the Best 0:00 You'll Never Be Able to Hire Anybody Better Than You 3:49 Break Every Rule to Get the Best People 6:45 It Just Takes a Small Group of People to Create Something Great 10:19 Find Undiscovered Talent Before Everyone Else 14:56 Great People Have Taste in Other People 19:04 Every Great Engineer Is Also an Artist 21:24 Early Teams Look Like Cults 25:34 You Can’t Make a Product that is Simple Enough 27:59 The Founder's Personality Is the Company 30:37 Good Teams Throw Away Far More Product Than They Keep 34:45 All New Information Starts as...

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In the Arena show art In the Arena

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Inspiration All the Way Down 0:00 Life is Lived in the Arena 2:40 If You Want to Learn, Do 4:51 In Most Difficult Things in Life, The Solution is Indirect 6:15 When You Truly Work for Yourself 7:30 Find Your Specific Knowledge Through Action 10:12 You Have to Enjoy It a Lot 12:06 Pause, Reflect, See How Well it Did 14:45 Blame Yourself for Everything, and Preserve Your Agency 16:23 It Is Impossible to Fool Mother Nature 21:03 The Best Authors Respect the Reader's Time 25:17 Most Books Should Be Skimmed, A Few Should Be Devoured 28:18 Good Products Are Hard to Vary 32:01 Find the Simplest Thing...

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http://nav.al/simplest

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Good Products Are Hard to Vary show art Good Products Are Hard to Vary

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http://nav.al/good-products

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Most Books Should Be Skimmed, A Few Should Be Devoured show art Most Books Should Be Skimmed, A Few Should Be Devoured

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Transcript: http://nav.al/devour

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The Best Authors Respect the Reader’s Time show art The Best Authors Respect the Reader’s Time

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Transcript: http://nav.al/density

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It Is Impossible to Fool Mother Nature show art It Is Impossible to Fool Mother Nature

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Transcript: http://nav.al/fool

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Blame Yourself for Everything, and Preserve Your Agency show art Blame Yourself for Everything, and Preserve Your Agency

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Transcript: http://nav.al/agency

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Pause, Reflect, See How Well it Did show art Pause, Reflect, See How Well it Did

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Transcript: http://nav.al/reflect

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Hiring a Podcast Editor and Naval’s Chief of Staff show art Hiring a Podcast Editor and Naval’s Chief of Staff

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Transcript: http://nav.al/hiring

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More Episodes

Introduction 0:00

Haseeb’s background 0:22

Vitalik’s background 2:43

A blockchain you can build any app on top of 7:02

Eth trades efficiency for transparency 10:18

Like plain text, Eth is simple and efficient 12:41

Only high-value transactions can afford the blockchain 13:08

Doing away with ‘trusted’ third parties 14:09

Trading performance for security 14:43

‘Impregnable castles made of math’ 16:23

Ethereum’s limitations are latency and privacy 16:56

There are ways to get back your privacy 19:32

Can Eth provide a high level of decentralization and a high level of scaling at the same time? 20:39

Sharding leads to more centralization 21:49

Verifiability at the expense of scaling 24:00

How much decentralization is the right amount? 25:11

What happens when subsidies to join nodes disappear? 27:07

Stateless clients make it possible to verify the chain with very little on your hard drive 28:18

Staking culture is difficult to cultivate 28:52

New blockchain players tend to go for minimum viable decentralization 29:54

People don’t value privacy until somebody goes to jail over it 30:32

Eth is ‘simple at the base’ 31:12

Social recovery wallets make it easier to be your own bank 31:44

Block space is getting expensive 32:41

There’s not a lot of innovation on Bitcoin, by design 33:35

Blockchain’s ‘free-rider effect’ 34:57

Innovation is slowest at Layer 1 35:34

Layer 2 moves faster because it’s permissionless 36:59

What if we froze Layer 1 today? 37:25

Data for computation trade-off 38:57

Benchmarking blockchains apples-to-apples 40:02

Enshrining decentralization 41:43

Tensions between scaling and preserving value 42:27

There will be multiple stores of value 43:54

Transcript http://nav.al/vitalik