In this episode, inventor of blockchain Scott Stornetta joins the show to discuss developing the first digital timestamping system, the key innovations and limitations of Bitcoin’s design, and why Bitcoin has not yet succeeded as real money. We also delve into his critique of proof-of-work, his thoughts on other crypto projects like Ethereum, stablecoins, the importance of creating a digital identity system, and more. Enjoy!
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Timestamps:
(00:00) Introduction
(01:53) Discovering the Bitcoin White Paper
(03:34) The Foundations of Digital Timestamping
(07:00) The Evolution of Blockchain and Bitcoin
(14:43) Ads (Core, Ledger, Ledn)
(16:17) The Evolution of Blockchain and Bitcoin (Con't)
(17:46) Challenges and Criticisms of Bitcoin
(22:27) The Cypherpunks and Digital Cash
(29:42) The Future of Blockchain Technology
(39:16) Scaling Bitcoin
(42:20) Bitcoin's Economic Value and Success
(47:24) Ads (Core, Ledger, Ledn)
(49:30) The Role of Stablecoins and Future Cryptocurrencies
(01:06:43) Identity and Blockchain
(01:14:43) Reflections on Blockchain's Impact and Future
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Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.