EB36 – CoinSummit Panel: The ever changing landscape of Bitcoin mining
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.
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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Adam B. Levine, the “Spiritual Grandfather” of Epicenter Bitcoin and Editor-in-Chief of Let's Talk Bitcoin, joins us to share is “crazy” passion for information and cryptocurrency. Never shy when it comes to talking about complicated subjects, Adam divulges his ideas about the next iteration of the experimental Let’s Talk Bitcoin Network and his newly launched standalone token vending machine, SwapBot. Adam also opens up about his role as the Chief Visionary Officer of CoinPowers and why it ultimately failed as a project. We also get Adam’s take on the future of crowdfunding and what role he sees himself playing within the crypto community moving forward.
We covered a many of topics on this episode:
- The integral part Adam played in the creation of Epicenter Bitcoin
- How the Let’s Talk Bitcoin podcast show and network were born
- The Tokenly Platform
- The recent discontinuation of certain LTB Network shows
- LTBCoin and the problems it aims to solve
- Tokens Vs. cryptocurrencies
- Content monetization and crowdfunding
Links mentioned in this episode:
- Let's Talk Bitcoin: http://letstalkbitcoin.com
- LTBCoin: http://ltbcoin.com
- SWAPBOT Prototype: http://letstalkbitcoin.com/vend
- Tokenly Project: https://github.com/tokenly/tokenly-cms
Sponsors:
- ShapeShift: https://shapeshift.io
Show notes: http://epicenterbitcoin.com/podcast/064
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-064
Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture.
- Visit our website: http://epicenterbitcoin.com
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One of the shortcomings of decentralized smart contracts is their inability to retrieve information from the outside world. The deterministic nature of Etehreum-style blockchains makes it impossible for them to incorporate functions allowing them to do things such as make API calls to websites and data feeds. Though oracles are often cited as the solution to this problem, they require users to place a high level of trust in their operators, a model which would undermine the very nature of a decentralized smart contract.
Ari Juels, a Professor at Cornell Tech (Jacobs Institute) and former Chief Scientist of RSA, joins us to discuss his work on Authenticated Data Feeds for Smart Contracts. These 'Town Crier' feeds would act as bridges between smart contracts and websites, srapping data over TLS and feeding to to a smart contract. Relying on sophisticated hardware enclave technology (Intel SGX), one who uses a Town Crier feed would not need to trust its operator as code execution would be guaranteed signed by the hardware.
Topics discussed in this episode:
- Ari's background in cryptography and cryptocurrencies
- The pain points with oracles as we describe them today
- The idea behind Authenticated Data Feeds
- The hardware and software architecture of the Authenticated Data Feed model and how hardware isolation works
- How Authenticated Data Feeds could be used to create criminal smart contracts
- The differents ways in which criminals could use Authenticated Data Feeds to release bounties for crimes such as private key theft or even murder
- Countermeasures which may prove effective in fighting criminal smart contracts
- The Initiative For Cryptocurrencies & Contracts (IC3) and its raison d'être
Links mentioned in this episode:
- Ari Juels' website: http://www.arijuels.com
- Town Crier: An Authenticated Data Feed for Smart Contracts (white paper): http://www.initc3.org/files/tc.pdf
- The Ring of Gyges: Investigating the Future of Criminal Smart Contracts (white paper): http://www.initc3.org/files/Gyges.pdf
- IC3 - The Initiative For Cryptocurrencies & Contracts: http://www.initc3.org/
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.
Today we're joined by two guests. Tatiana Moroz is a singer-songwriter, anti-war activist and a very active bitcoin enthusiast and evangelist. Recently, Tatiana created Tatiana Coin, the very first musical artist coin on the Counterparty Protocol. She also recently joined Bitcoin Magazine as their sales director and joins us from New York. Wendell Davis is also with us again from Thailand. He's the creator of the beautiful Hive wallet and CEO of Humint, a company which aims to help companies create and deploy branded coins. Wendell is quite knowledgeable in crowd sale platforms as well as new crowdfunding models and will help us dissect some of the challenges and opportunities of creating custom coins.
Links:
- EBA: Financial Institutions Should Avoid Bitcoin, Await Regulation (CoinDesk): http://bit.ly/1pUeeSM
- EBA opinion on "virtual currencies" document: http://bit.ly/1rGPtcl
- Tatiana Coin Website: http://bit.ly/1qDsRrA
- Tatiana Coin on Coinpowers: http://bit.ly/1lNleZn
- Woman's Crypto Association: http://bit.ly/1n7w9C4
- Hive Web: http://bit.ly/VyPemo
- Hive Wallet: http://bit.ly/VyPwtu
- Hummint: http://bit.ly/1kvIZFN
Show notes: http://epicenterbitcoin.com/eb-027
Running time: 1:08:33
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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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
- Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter
- Twitter: http://twitter.com/epicenterbtc
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The problem around content monetization is one which content producers are constantly trying to solve. At the core of this problem is a mismatch between supply and demand. Content, which is increasingly abundant, is captured by human attention, which is in limited supply. The volume of content being produced is growing at staggering rates while total human attention remains flat.
Our guest, Maciej Olpinski, argues that the current content monetization model is outdated, broken and is in need of an overhaul. Previously at Google and YouTube, Maciej has a broad understanding content monetization models and lays out a vision for open marketplaces for attention using blockchains. He argues that content discovery systems like the Google Page Rank algorithm and Facebook's News Feed could be replaced by open networks based on the mechanics of Bitcoin.
Topics covered in this episode include:
- How the current content monetization model works and why it's broken
- The inner workings of content discovery
- The economics of content discovery
- Open marketplaces for attention and reputation
- New web-native business models for content discovery
Links mentioned in this episode:
- Maciej's blog http://www.maciejolpinski.com/
Sponsors:
- GTEC: Apply now to enter the GTEC Blockchain Contest and win prizes worth €50k epicenterbitcoin.com/gtec
- Hide.me: Protect your privacy and personal data with a free VPN account at Hide.me/epicenter
Show notes: http://epicenterbitcoin.com/podcast/120
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-120
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
Support the show, consider donating: 1C2hPWvXCNG7GPk5rzkKfXwHoqjKMZuy7e (http://bit.ly/2dg5ipO)
Last week the biggest blockchain-focused developer conference took place in Shanghai, China: Ethereum's DevCon 2. Epicenter show host Meher Roy was at the conference and brought back his impressions and insights for a comprehensive discussion of the current state of Ethereum projects and the Ethereum community.
Topics covered included:
- What Ethereum's developer conference DevCon 2 was like
- The big change in going from concepts to alpha version over the last year
- The continued lack of sustainable business models in Ethereum
- The lack of interest by Venture Capitalists and the big tech companies in Ethereum and blockchain technology
- The current state and incentive problems of crowdsales
- Three areas of focus in Ethereum: Scalability, Privacy and Governance
- The search for the next protocol
Links mentioned in this episode:
- Ethereum Foundation Website http://bit.ly/1IBWsHV
- Ethereum YouTube Channel http://bit.ly/2dls6Wl
- Insanity and Brilliance at Ethereum's Developer Conference http://bit.ly/2dmqSX4
- Melonport: Decentralized Asset Management on Ethereum http://bit.ly/2dwAGkD
- Golem: Worldwide Supercomputer http://bit.ly/2dwAVvR
- Metamask: Ethereum Browser Extension http://bit.ly/2dtZFCa
- Cosmos Whitepaper http://bit.ly/2du03Au
Sponsors:
- BitFiniti Conference in Miami Beach Oct 30 - Nov 2: Go to bitfiniti.com/epicenter for discounts on registrations and presenter packages
- Jaxx: Wallets that Unify the Blockchain Experience Across Devices http://jaxx.io
Show notes: http://epicenter.tv/150
YouTube: http://youtu.be/fZEgDubXtpU
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-150
Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
Decentralized applications running on Ethereum suffer from 2 problems: Latency in waiting for transactions to confirm and difficulty in handling more than hundreds of transactions a second.
State channels are a possible elegant solution to both the latency and scalability challenges for DApps. Here, I talk to Jeff Coleman, a consultant who evangelizes the state channel approach.
We talk about various themes such as:
The Latency and Scalability challenges of building Ethereum DApps
What are state channels and how do they work?
What is needed for widespread use of state channels?
The difference between Bitcoin micropayment channels and Ethereum state channels.
Do check out the video for a glimpse into how DApps will solve their latency and scalability challenges and become widespread.
Links:
Jeff Coleman on State channels: http://www.jeffcoleman.ca/state-channels/
Jeff Coleman’s blog: http://www.jeffcoleman.ca/author/jeff/
Support the show, consider donating: 3942kPiH7qEjK1csak2mtstTfpxHdMFifF (http://bit.ly/1JIqfEz)
Tom Ding is the CEO and Founder of Koinify, a platform for funding decentralized applications. Think of Koinify as a sort of Angel List to bootstrap and fund a new decentralized economy, specifically decentralized applications. With his company, Tom hopes to help build the decentralized app which help push this technology to the mainstream. With his extensive knowledge of this space, we talked about the future of DACs and DAPPs and discussed some of the challenges these new models are facing, from profitability to the obvious legal aspects.
This episode was recorded over a live Google Hangout. It was our first attempt at doing a live video show and unfortunately we didn't get the recording right. Our apologies for the bad sound quality, we'll get the next one right.
Links mentioned in this episode:
- Koinify: http://bit.ly/1rnjBKk
- 2020: A Call for DApps and DAOs: http://bit.ly/1wQVeUw
Show notes: http://epicenterbitcoin.com/podcast/042
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-042
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
Support the show, consider donating: 36i3PamPQE3pEEMCw2p5dTqssd2AMcrrX4 (http://bit.ly/1JI97i2)
Every quarter CoinDesk puts out its excellent State of Bitcoin Report providing a snapshot of where the Bitcoin ecosystem is at. We took this opportunity to go back to our original formation and have a discuss of the report and the state of Bitcoin in general. It was lots of fun!
The topics we covered included:
- Bitcoin Adoption Metrics
- Our January Predictions
- The continually slumping Bitcoin price
- Merchant adoption
- Startup activity and VC investments
Links mentioned in this episode:
- CoinDesk State of Bitcoin Q3 2014: http://bit.ly/1yKD1Nc
- Epicenter Bitcoin Predictions 2014: https://epicenterbitcoin.com/2014/01/predictions-2014/
- EB30 - Radko Albrecht: Bitbond: https://soundcloud.com/epicenterbitcoin/eb-030
Show notes: http://epicenterbitcoin.com/podcast/045
SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-045
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