Vitalik: Ethereum, Part 1
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- Опубликовано: 12 июн 2024
- 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
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Transcript nav.al/vitalik
This This is Part 1 of my interview with Vitalik Buterin about Ethereum and blockchains. Also Part 2: • Vitalik: Ethereum, Part 2
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Vitalik is so intelligent and well spoken I could listen to his ideas and explanations all day long.
Thanks so much for this podcast
yeah he reads
“Every generation there is some hustle that if you are really smart very aggressive and you are looking for edges and not afraid of looking weird, there are ways to get ahead early or to make a lot of money in a way that is not obvious to most people”
Thanks for this podcast Naval. You are truly a great host. Really smart and interesting questions. Way better than other podcasts
Naval's thinking is so clear, great pod
I listen to naval almost everyday while working,but I don't think I understand him clearly. I need to listen to him with more focus to absorb his messages. His thoughts changing my views on life little by little. Thank you Naval!
Re: the common critique that theres not enough non-technical ways in to crypto
Vitalik literally got his start in the space as a writer
When 4 btc was worth $5
wow a full podcast!! excited to learn from this
Great deep dive and very important call out that Ethereum has enshrined a certain level of decentralization that other blockchains have not. It'll be interesting to see how Vitalik's perspectives here evolves, and where Ethereum's place will be as a result. We have a video about Vitalik's values and critical moments he's been tested if anyone's interested.
Very insightful conversation. Eth community is Focusing on decentralisation to attract high value user cases at the same time eth 2.0 for better scalability. Thanks for having these conversations. We learn lot from it.
This was gold thank you for this
Here you are! I starting to worry about you, glad to heard you back
Now I understand ethereum more...... thank you naval.
Naval, we need video too for the podcasts 🙏
clarity of thought and speech have immense value. this is an instant classic.
and writing I may add
Make content consistently. Type is influencers like you is what we need.
Thank you Naval
5 mins in and it's clear that Vitalik is our modern day Einstein. I am so grateful that Vitalik and Naval exist
I respect geniuses, and am certainly not one myself, but Vitalik is not one either. He literally just contradicted everything he’s been working towards over the last ten years. His one prediction was horrifically wrong, and he’s only just realising-doesn’t sound very genius to me!
And Naval totally contradicts everything too! A minute after Vitalik basically saying Ethereum is going to become more centralised, Naval says oh yes, I think Ethereum is great and only the most decentralised coins will win because without decentralisation the blockchain is if no use 🤣🤣🤣 These are our modern-day geniuses???
@@zedrockiby I'm open to hearing more ideas like this that are counter to my current beliefs in order to find the truth. What was the one prediction that was horrifically wrong? And is the increased centralisation due to the switch to PoS? If so I can see in theory how that could be true. I'd need to investigate more because even if Ethereum becomes more centralised I'm still sure it will be way more decentralised than it's alternatives
@@DeenSomally I truly respect that. Listening to the other side is more than most would do!
The one prediction that was horrifically wrong was that Vitalik doubled-down on the importance of decentralisation, and he is now beginning to realise that your average person (the people using the majority of the internet) isn't actually too bothered about decentralisation, and that in fact truly decentralised platforms cannot scale (they are being forced to use sharding, which centralises the protocol by a factor of 100, because they can't scale).
PoS certainly doesn't help, but from this podcast the important bit for me was the discussion they had about sharding. Vitalik basically admitted that it's impossible to scale something that is truly decentralised.
Yes, you're probably right about it being more decentralised than its alternatives. But at the same time, I would ask, if Ethereum is admittedly becoming more centralised, and no one seems to care, is decentralisation even important? And if not, does Ethereum/Web3.0 actually have any intrinsic value?
They talk about creating a decentralised Twitter, and how it has already been tried. Why didn't it work? Because your average Tweeter just wants convenience and network effects, not decentralisation and the inconvenience that comes with that--it's making things more complicated for users, not more simple, and with no real upside either!
That's very disrespectful to Albert Einstein.
More content please!
This is awesome. Thank you
where is part 2. looking forward the rest. awesome chats
Finally! More crypto talk with a powerhouse in crypto - Vitalik!
sooooo exited for this!!!!
I don’t know much about zero knowledge proofs, but from what I’ve learned, they are cool af! I even read on Vitalik’s blog that some of them could be secure when quantum computers come around and break all modern encryption.
This is fascinating
Great as always
Waiting for part 2
Let’s go a new video!!
nice transition from poker scam, Haseeb and Jose dream team 😂
NAVAL is the GOAT. Thank you for the information.
awesome
I wonder what if they considered algorand in different chains they discussed.
Woah, this is huge
When God's talk we listen.
is this recorded somewhere? Would be good to see you guys too
hi finally im early to a naval podcast
Lets go!
Wait, Vitalik moved to Canada when he was six and at that time did a lot of math, programming and half way through high school????
🔥🔥🔥
Preach! ⛪️
Monero vs Zcash, which do y'all prefer?
Mocking a community [that refused to give up (4.5 years successfully battle tested) and was able in the last year and a half to rise from the ashes #TheNewEOS + that was able to collaborate with the sisterchains for the creation of the Antelope Coalition] is very diserspectful, especially because you judge a group of people without having interacted with them or studied #TheNewEOS tech and/or community. Being humble is not unfashionable. Have a nice day and life
Thoughts on chainlink?
more on solana! pls
11:10 saving for later
♥️
wow
wen part 2?
Secret Network has programmable privacy for smart contacts!
Hey how r u naval
man, Bill n Zuck don’t have it easy these days! 😄
This is alpha
2:40
First like
21:50
can't wait to see my comment here 10 years later
I love Web3 because it’s currently distracting everyone from building truly compelling products! More time and space for me 😋
@D Babbitt Lol, it is. I don't get this crowd, does no one even listen to what they were saying in the podcast? I swear Naval and Vitalik don't even listen to each other, they just go off on these pointless monologues!
Tell me more about these compelling products you talk about
Nice! Loved the whole interview 👍👍
Would love to hear Gavin Wood (polkadot) and Charles Hoskinson (Cardano) too.
@@bitcoin3801 Right, I found that one. I would love to see a conversation between Charles and Naval
Gavin Wood yes
Charles no, its pointless ada is a shitcoin
💧💧💧
Why is called Austrian economics?
good question. Here is the answer I found on Wikipedia: "The school originated in Vienna in the Austrian Empire. Carl Menger's 1871 book Principles of Economics is generally considered the founding of the Austrian School."
wait a minute , that's Chia
Subtitles
The content is awesome but the production quality is subpar. Please, get someone to fix the audio/video production.
I would love to get the video too.
Anyway, thanks for the content.
Naval is drugs!
Wooow, he’s FINALLY realising that centralisation is far superior to decentralisation loooool
Saying new market participants flock to new chains because they don’t value decentralization is totally wrong. Sorry not everyone has a 100 bucks for gas fees… no matter how they feel about decentralization. Should they not participate at all or use these more centralized chains? Great video otherwise… thanks
Buy and camera and update your artist circle. Admire you but choices for content creation are abysmal.
monero 10x better than zcash imo
Kesa hai bhai 🤪😜
Bullish AF
This is fascinating