Ned Scott: Steem - The Blockchain-Based Social Media Platform (Episode 162)
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Few crypto projects have gotten as much attention and caused as much controversy as Steem. The blockchain-based social media platform launched early this year and managed to gain real user traction building up a vibrant community of contributors. The Steem token quickly entered bubble territory reaching a market cap of almost $400m and losing 90% of its value since.
Steem Co-Founder and CEO Ned Scott joined us to discuss the ambition of the project and its short tumultous history. We also discussed some of the accusations against Steem and its unorthodox launch.
Topics discussed in this episode: - How Steem was launched out of the BitShares community - The different components and tokens of the Steem system - How Steem rewards content contributors - The controversial Steem launch and criticisms of the project - Why Steem transitioned from Proof-of-Work to Proof-of-Stake - The potential disbalance of power due to the Steem distribution - How Steem managed to build a vibrant user community
Sponsors: - Ledger: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER - http://ledgerwallet.com - Jaxx: Wallets that Unify the Blockchain Experience Across Devices - http://jaxx.io
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At just 20-years young, Vitalik Buterin is one of the most brilliant minds in the cryptocurrency space. Previously, a co-founder of Bitcoin Magazine, he has conceptualized Ethereum, the most radical and ambitious cryptocurrency project since Bitcoin. After raising $18m in a crowdsale, a team of over 30 are working on launching the project by March 2015. In his work on designing a system for the future, he has been grappling with many of the hardest problems in the cryptocurrency space over the past year.
In a fascinating discussion, we covered:
- How Ethereum has evolved since the white paper
- The problems of Proof-of-Work
- Why Proof-of-Stake is the future of consensus protocols
- Why his main focus has been on consensus issues and scalability
- Why Bitcoin will never be stable enough to price things in
- The flawed ideology of ‘Bitcoin maximalism’ that prevents people from considering Proof-of-Work alternatives
Links mentioned in this episode:
- Ethereum: http://ethereum.org
- How to get started: Your first DApp in under one hour: https://forum.ethereum.org/discussion/1402/how-to-get-started-your-first-dapp-under-one-hour
- Ethereum Proof-of-Concept 7: https://github.com/ethereum/cpp-ethereum/wiki
- Proof of Stake: How I Learned to Love Weak Subjectivity: https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/
- Slasher: A Punitive Proof-of-Stake Algorithm: https://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/
Sponsors:
- Gems: http://getgems.org
- Shapeshift: https://shapeshift.io
- Fairlay: http://fairlay.com
Show notes: http://epicenterbitcoin.com/podcast/058
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-058
Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture.
- Visit our website: http://epicenterbitcoin.com
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With recent news surrounding The DOA and the Brexit vote causing a stir in the blockchain world and beyond, it seems like a regulatory update is due. So we called up our favorite regulatory affairs specialist Siân Jones to enlighten us on some of the recent developments in Bitcoin and blockchain regulation.
Topics covered in this episode include:
- The Brexit and it's potential impacts on the Blockchain and Fintech space in the UK
- The Bank of England opening its doors to more than a thousand financial institution and payment service providers
- Some of the initiatives by the UK government to potentially adopt blockchain technologies
- The recent European Parliament plenary sitting on virtual currencies and the Distributed Ledger Technology Task Force
- An update on BitLicense and its impacts a year and a half after being adopted in New York
- The potential regulatory implications of DAOs
Links mentioned in this episode:
- European Digital Currency & Blockchain Technology Forum: http://edcab.eu
- Coinsult: http://coinsult.eu
Sponsors:
- Jaxx: Wallets that Unify the Blockchain Experience Across Devices jaxx.io
- GTEC: Blockchain Innovation Award epicenterbitcoin.com/gtec
Show notes: http://epicenterbitcoin.com/podcast/137
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-137
Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
- Visit our website: http://epicenterbitcoin.com
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Today's panel discussion is called "The ever changing landscape of Bitcoin mining" where moderator Jez San is joined by some of the most prominent figures in the mining industry, Marc Aafjes of Bitfury, Dave Carlson of Megabigpower, Timo Hanke of Cointerra and Naveed Sherwani of Peernova. The discussion revolves around several key topics, notably, everyone seems to agree the industry should move away from the term mining and start calling it transaction processing. They also discuss the rapid evolution of ASIC processors in the last year, the importance of improving the overall power efficiency of the network and where ASIC production is heading. They also talk about a highly debated subject which is the shift from home mining to centralised data centers. The panels ends with predictions on the total hashing power of the network at the end of this year.
Show notes: http://epicenterbitcoin.com/036
Running time: 37:30
Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture and is available on iTunes, SoundCloud, Mixcloud, Stitcher and other podcast aggregators.
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Vinay Gupta has been a programmer, 1990s cypherpunk, 'resilience guru', Ethereum release coordinator and currently collaborates with Consensys to mainstream smart contract technology. He also invented the Hexayurt, a cheap and resilient architectural structure for disaster-stricken communities.
Recently, Vinay has become a thought leader in the cryptocurrency space. He is famed for his eloquence and ability to distill the crypto-finance technological paradigm into easy big-picture visualisations. Check out this podcast for some unique insights into technology, politics and history.
Topics covered included:
- His work on resilience. The connection between resilience and cryptocurrencies
- A history of the cypherpunks - who they were, what they believed in and why they failed.
- Why smart contracts matter? What is special about them?
- The impact cryptocurrencies will have on capitalism
- Why cryptocurrencies could be a great tool to explore basic income
Links mentioned in this episode:
- Vinay Gupta - Dangerous Old Men: cypherpunk's failure, Ethereum's success http://bit.ly/1ZHGlpU
- Vinay Gupta - Resilience Guru | London Real http://bit.ly/1Ss64xT
- Simple Critical Infrastructure Maps http://bit.ly/1n6U3Rw
- Vinay Gupta | Computers that just work | State of the Net 2015 http://bit.ly/1lo7HOV
- Vinay's site re.silience.com http://bit.ly/1QiSA6g
Sponsors:
- Hide.me: Protect your privacy and personal data with a free VPN account at http://hide.me/epicenter
Show notes: http://epicenterbitcoin.com/podcast/114
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-114
Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
- Visit our website: http://epicenterbitcoin.com
- Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter
- Twitter: http://twitter.com/epicenterbtc
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In the footsteps of the finance industry, the energy sector has been caught by the blockchain fever. Conceived over a century ago, increased usage and an explosion of devices have made energy grids outdated. Smart grids offer a two-way dialogue where electricity and information are exchanged between utilities and its customers. This new grid takes advantages of connected devices and green energy production to provide more reliability, security and sustainability.
Carsten Stöcker, Senior Manager Machine Economy & Blockchain at Innogy, shares his vision for how blockchains will serve as the transactional fabric for tomorrow's smart grids. In this new paradigm, energy is locally produced and blockchains provide the rails on which local energy marketplaces can be built. The German utility has been conducting blockchain experiments for several years and is soon releasing the Mobility Transaction Platform moveX. The Ethereum-powered platform will serve an ecosystem of electric vehicles with transaction layer needed for charging, car sharing and mobility as a service.
Topics discussed in this episode:
- Carsten's background in technology
- The history of RWE and creation of Innogy
- Business models in a decentralized economy
- How the energy grid system works
- The transition from the traditional grid to the smart grid
- How blockchains can be integrated in tomorrow's smart grids
- Use cases for blockchain and energy
- Innogy's moveX blockchain experiment for mobility
Links mentioned in this episode:
- innogy Innovation Hub: https://innovationhub.innogy.com
- World Economic Forum - Decentral Blockchain Transaction Platform: https://www.weforum.org/agenda/2016/12/goodbye-car-ownership-hello-clean-air-this-is-the-future-of-transport
- Share and Charge - Mobility on Blockchain: https://shareandcharge.com/en/
- Blockcharge - Electric Vehicle Charging on Ethereum Blockchain: https://youtu.be/it2X_j-DPmA
- Genesis of Things - Industry 4.0 on Blockchain: http://www.genesisofthings.com
- Automating Machine Transactions and Building Trust in the 4th Industrial
Revolution: https://medium.com/iotatangle/automating-machine-transactions-and-building-trust-in-the-4th-industrial-revolution-d3219a157396#.u99on2xeo
- "Free Electrons" - a new global energy start-up program: http://www.freelectrons.co
Sponsors:
- Jaxx: Wallets that Unify the Blockchain Experience Across Devices - http://jaxx.io
This episode is also available on :
- Epicenter.tv: https://epicenter.tv/174
- YouTube: http://youtu.be/9q5gsKo9DHE
- Souncloud: http://soundcloud.com/epicenterbitcoin/eb-174
Watch or listen, Epicenter is available wherever you get your podcasts.
Epicenter is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
Support the show, consider donating: 1VnuCdgG4gomHZeresi7AyX2JVQuHpTVj (http://bit.ly/2ghGcGL)
Stratumn CEO Richard Caetano and Head of Research Anuj Das Gupta joined us to discuss their work to bring security and integrity to processes. We covered the philosophy behind the company and why they use cryptography and other technologies coming out of the crypto space while shunning a classical blockchain design.
Topics discussed in this episode:
- How Paris-based startup Stratumn was founded
- Why Stratumn's thinking revolves around processes
- How Proof-of-Process secures the who, what, where, when and why of each step of a process
- How Stratumn uses Zero Knowledge Proofs to protect privacy
- The connection between Proof-of-Process and blockchain protocols
- Why using cryptography to secure processes didn't gain traction earlier but does so today
Links mentioned in this episode:
- Stratumn Website: https://stratumn.com/
- Proof-of-Process white paper: https://stratumn.com/proof-of-process.html
- Use case book: https://stratumn.com/use-cases-for-trusted-workflows.html
- Chainscript: http://chainscript.io
- Stratumn Blog: http://blog.stratumn
Sponsors:
- Jaxx: Wallets that Unify the Blockchain Experience Across Devices - http://jaxx.io
Watch or listen, Epicenter is available wherever you get your podcasts.
Epicenter is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
Support the show, consider donating: 37GWXKviy7rGpJnBCnb9s7pLUrtTQ16Fr4 (http://bit.ly/1EMsTG0)
Peter Thiel argued in his book 'Zero to One' that the way to build a great and highly profitable company is to build a monopoly. But with decentralized technologies, there is a real question whether these monopolies can be built or whether the monopolies will end up being publicly owned goods (like Bitcoin) that can't be monetized directly.
William Mougayar, who is an experienced tech executive and angel investor, has been writing extensively about these issues and was one of the investors in OB1, the venture-backed company launched by the founders of the decentralized market place Open Bazaar. He joined us for a discussion of the cryptocurrency space, Ethereum, Open Bazaar and monetizing decentralized technologies.
Topics covered included:
- Bitcoin as the new, thin cloud
- His long-term predictions about where the space is going
- What kind of business models are the most promising
- Why he chose to invest in OB1, the company behind Open Bazaar
- What the state of Venture Capital in the cryptocurrency space is
Links mentioned in this episode:
- Predictions in Cryptography, Blockchains and Consensus Protocols http://bit.ly/1giM8gJ
- The Old Cloud is Dead, Welcome the New Cloud http://bit.ly/1H3AZGk
- The Business Imperative Behind the Ethereum Vision http://bit.ly/1JPRgms
- An Operational Framework for DAOs http://bit.ly/1NKQKr4
- Union Square Ventures: Introducing OB1 http://bit.ly/1S1YCFe
- Peter Thiel: Competition is for Losers http://on.wsj.com/1NKRbS8
Sponsors:
- Shapeshift: Buy and sell alt coins instantly at http://ShapeShift.io
- Vaultoro: Trade gold to Bitcoin instantly and securely starting at just 1mg at http://vaultoro.com
Show notes: http://epicenterbitcoin.com/podcast/086
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-086
Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture.
- Visit our website: http://epicenterbitcoin.com
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Zero Knowledge Proofs are methods of providing cryptographic proofs to another party while keeping some information secret. The simple concept of ZKP offer tantalizing possibilities: Banks could prove solvency without revealing depositors. Governments could prove the fairness of an election without compromising privacy.
Computer science professor Eli Ben-Sasson joined us to discuss where blockchains and cryptocurrencies intersect with Zero Knowledge Proofs and related technologies such as zkSNARKs. It offered a fascinating view into what will surely become a core part of blockchain tech in the future.
Topics covered included:
- What are proof systems?
- Zero Knowledge Proofs (ZKP) and other terminology such as SNARKs and zkSNARKs
- The mechanics of Zero Knowledge Proofs
- The role of performance in Zero Knowledge Proofs
- Applications of ZKPs
- The widespread potential impact of ZKP to verify processes
Links mentioned in this episode:
- Eli Ben-Sasson's Website http://bit.ly/1PbbK9O
- SNARKs for C talk by Madars Virza http://bit.ly/1PQFoah
- Stackexchange: What are SNARKs http://bit.ly/1UEcqbq
- SNARKs for C paper [PDF] http://bit.ly/20Cse26
- Zerocash Talk http://bit.ly/1Puy2He
Sponsors:
- Hide.me: Protect your privacy and personal data with a free VPN account at Hide.me/epicenter
Show notes: http://epicenterbitcoin.com/podcast/116
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-116
Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
- Visit our website: http://epicenterbitcoin.com
- Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter
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Support the show, consider donating: 3EZtfjPrXijExjkBNvnRwqgxohuqCdVSfS (http://bit.ly/1PHqfYn)
From the mysterious creation story, to the early development among a small group of cypherpunks, to the emergence of the Silk Road, the collapse of MtGox, to the entry of a tidal wave of VC money and the Silicon Valley elite, Bitcoin's short history has been action-packed. It's no surprise that this could make for a riveting story and NY Times journalist Nathaniel Popper's book 'Digital Gold - Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money' is precisely that.
Popper joined us for a conversation about his must-read book about the remarkable story of Bitcoin.
Topics covered included:
- How Nathaniel Popper ended up writing a book about Bitcoin
- Why he chose 'Digital Gold' as a title and some of its different connotations
- Why he chose to focus on the people and stories of Bitcoin rather than the technology
- The story of the Silk Road and how it played such a critical role in the early days of Bitcoin
- How Xapo CEO Wences Casares came to play a crucial role in evangelizing Bitcoin among Silicon Valley's power players
- The rising tension and passing of influence between the old, ideological guard and the newer Silicon Valley crew
Links mentioned in this episode:
- Get 'Digital Gold' on Amazon: http://amzn.to/1LxK5im
- Nathaniel Popper's website: http://bit.ly/1HrXUf0
- Can Bitcoin Conquer Argentina article: http://nyti.ms/1RgQYIB
- Decoding the Enigma of Satoshi Nakamoto: http://nyti.ms/1ApjvYv
Sponsors:
- Shapeshift: Buy and sell alt coins instantly at http://ShapeShift.io
- Ledger Nano: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EB09 at http://ledgerwallet.com (valid until 09/30/15)
Show notes: http://epicenterbitcoin.com/podcast/081
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-081
Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture.
- Visit our website: http://epicenterbitcoin.com
- Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter
- Twitter: http://twitter.com/epicenterbtc