The Tim Ferriss Show Transcripts: Vitalik Buterin, Creator o...

The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss

by Vitalik Buterin

added by sari and · updated 3y ago

Thanks to Ethereum composability, DeFi products are advanced and can interconnect and collaborate
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago
We are used to closed source companies capturing the value. Now, open-source protocols capture value. “This is the next phase of the internet after mobile” – Naval Ravikant
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago
Smart contracts are at the core of the ETH blockchain. Ethereum applications allow composability. That is, they can be built on top of each other like Lego blocks.
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago
Applications include decentralized domain name system, autonomous organizations, prediction, and financial markets, and non-fungible tokens
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago
Ethereum’s defining feature is unstoppable applications that run doesn’t trust or rely on any single entity to operate
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago
Decentralized Finance (DeFi) enables applications like prediction, trading, and financial markets to run on smart contracts, with no middle men (e.g. lawyers and bankers)
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago
Unlike Bitcoin, the Ethereum ecosystem hosts numerous other tokens. New tokens and airdrops create new opportunities and help reduce wealth disparity
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago
As opposed to traditional finance, where, for instance, Robinhood trading and Wisdom Tree mutual fund cant combine with each other
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago
Bitcoin is a spreadsheet, Ethereum is a spreadsheet with Macros
from The Tim Ferriss Show Transcripts: 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) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added 3y ago