The 5 best pieces of art you can buy with bitcoin
Really looking forward to this one as I just made the the jump into cryptocurrency as my first ever investment! Unable to play the episode.
Have not had an issue before. Nick and Naval seemed to suggest that there was a limit on the number of transactions per block apparently a hotly debated topic. From what I understand of the blockchain, each block only has the root of a Merkle tree in it and so there theoretically could be any number of transactions in the block.
Where does the limitation come from? Good episode, and good info. Dash solved the blockchain size problem in one day. Dash pro-actively solved the slow transaction problem by having incentivised masternodes to produce a huge and robust infrastructure of more than 4, active nodes. AND designing and implementing Instant send. Sent in a few seconds, not minutes or hours or days. You should have a conversation with Amanda B.
Johnson to fill in these gaps in your knowledge base. Considering that, historically, the NSA is years ahead of anything we already publicly have. Tim released this episode during a bullish market as a bubble was growing. As always thanks for the awesome podcast!! This podcast was very helpful and definitely helped in breaking it down into simpler terms.
Big fan of all of your stuff…own every book and am starting to listen to your podcasts now too! Some of our partners include U. Live Prompter is completely subsidized by Facebook, so its free for you to use and will honestly just improve the quality of your Live sessions. I dont mean to spam you here, but just am trying everything I can to get in touch. Feel free to email me if interested in learning more. For some reason this is still not coming up on Pocket Casts andorid.
Any idea why this may be? Excited for this episode. I listen to a lot of your stuff and this was the best. This is going to be a huge space — please give us more crypto information! Great interview, I just wish Naval would have let Nick answer the questions you originally pointed directly to Nick. Understandable if he was sharing the stage with someone of lesser knowledge or intellect, but the title of your Podcast was about Nick.
While I understand the logic of bringing in Naval to co-host, it really turned into a Naval interview, not a Nick interview, and I was left longing for more. A follow-up podcast with Nick would be greatly appreciated if the the crypto space holds your curiosity and you feel more comfortable going one on one with him. If not, consider bringing on Andreas Antonopolis to co-host.
I originally thought this is who you were going to bring on when you asked subscribers for questions. Frustrating that he kept speaking for Nick.
Almost found Naval rude in how he would force his dialogue. I listened to every minute some podcasts I skip around a bit and listened again to some of the higher level concepts. Cryptocurrency makes way more sense now! Hugely informative, thank you Tim! Are the audio products available in a format that Hard of Hearing folks can access? Captions or the script would be wonderful.
Good mix of theory and practice on cryptocurrency as well as other thought provoking ideas and concepts. I was excited to hear that you were putting on this podcast with Nick and the questions were great. If I had to adjust something, it would be nice if Tim reigned in Naval on some the conversation, Naval tends to go on and on and sometimes off topic to always make some sort of point rather than being informative.
This was effectively an interview of Naval Ravikant. He answered half or more of the questions himself. Did much more talking than Szabo. Nick assumed a lot of knowledge that non-tech people would not understand, and Naval possibly even recorded explainers after the show that were then inserted. My question is, now that the worlds largest banks are finally jumping on board, and are in fact creating their very own cryptocurrencies, how will this effect other currencies like bitcoin, ethereum, litecoin etc.?
Negatively or in a positive way? I really hope not, but this is where my mind immediately goes when I think of the pound gorilla entering the room. Singapore is working on a tokenized currency based on the Ethereum platform. Other countries doing something like this makes a lot more sense than building their own currency from scratch. Using Ethereum as a common protocol allows for much easier interoperability between currencies. One of the best explanations of the phenomenon to date.
PhDs talking about relying on machines and maths. Funny, thats what people were saying years ago when you could buy Bitcoin for a few cents. As far as shorting digital commodities, i suppose one would load up on physical ones.
Perhaps a better plan would be to start mining, and buying on a monthly auto buy basis using dollar cost averaging? Subjects like these really need your editorial take on them and the presence of Naval was much needed to ask some good questions. I love when you do those episodes where you treat very narrow subjects in a such deep way. So much good info. Also sounds like you might find the book Post-Capitalism by Paul Mason interesting.
Arnold Schwarzenegger and Dorian Yates mentioned chiropractic in your interviews so your fans might be interested. Hey Tim, extremely interesting talk.
I know you are celebrating round birthday next month and I would send you a book-gift if it is possible. I believe you will love the book and will be able to experience it deeply. We just saw 20k people who are on their way to be slaughtered — but what can I trade you for that onion? The problem is there is no ebook version of it, so I would need to send physical copy somewhere. I do not mean your home address, rather some address you can safely give to a stranger on internet.
I thought this episode was incredible. Thanks so much for putting these incredible thinkers on our collective radar. I was disappointed with this episode. When the question of what are some real world blockchain use cases beyond money, I was hoping the already-being-experimented-with use case of land-property ownership registry would be mentioned.
Another interesting example is the new Prism exchange from Erik Voorhees, which allows investment in a broad cryptocurrency portfolio, without actually having to buy any currency except Ethereum through a smart contract. I had little to no knowledge nor interest in Bitcoin before this podcast. It came up in my feed and I clicked on it, thinking I would be easily annoyed or bored and ready to move on to something else. Instead, I found it fascinating and am recommending it to others.
Perhaps someone else explained it better but it captured my novice interest. But the disadvantage to that style is you miss out on some of the nuggets, the little slip-ups if you will, where you uncover the real theme or direction of a guest, or just their amazingness. In this way, the interview was excellent and highly revealing, IMO.
So this kind of anarchy is what is driving this effort. IMO the rise of ransomware and the Dark Web, all made possible by bitcoin. What was the coin mentioned towards the end after the 2 hr mark? I want to say I heard Falcoin?
Just wanted to drop a quick comment and say I appreciate your method of questioning in these podcasts. I like Naval a lot, but I was hoping to hear more from Nick, especially on his philosophy freedom, privacy, voluntary exchange and how technology can make it happen on a large scale in near future. My mistake was in not paying a "miner's fee" after sending the Bitcoin to the operator. This was a step that wasn't made clear in the selling process, neither by the Robocoin machine or my Blockchain app.
The way I understand it now, transactions have to be confirmed by the Bitcoin network, with the data of that transaction being attached to new blocks of data that's generated by the mining process.
The data blocks keep a permanent record of all the transactions taking place in the network, but miners don't have to include your transactions in newly mined blocks. That's why the miner fee exists--it's a small fraction of a Bitcoin to incentivize miners to attach your transaction to their blockchains and therefore validate it.
Merchants and operators typically require the arbitrary number of six confirmations before considering the transaction legit. And the typical transaction fee So instead of the transaction being confirmed in the minute average it usually takes, our Bitcoin was lost in limbo for over a day.
I sent a support email to Bitcoin Agents, and received a text message the next day they matched my name to my phone number, I assume from Mike Piri, the owner of the Austin Robocoin machines explaining the situation. Fortunately, Mike agreed to refund the transaction for exactly what I had sent to the machine, but by that time I was already on a flight back to San Francisco.
Was it foolish to give so much personal information and cash to machine? Our mistake was not understanding how Bitcoin transactions and confirmations work, and this test was an expensive learning experience. Still, we got a silly video out of it, and it's hopefully a cautionary tale about the risks of Bitcoin and experimental technologies.
We'll make fools of ourselves any day so you won't have to. Snub-Nosed Blade Runner Blasters! The data blocks keep a permanent record of all the transactions taking place in the network, but miners don't have to include your transactions in newly mined blocks. That's why the miner fee exists--it's a small fraction of a Bitcoin to incentivize miners to attach your transaction to their blockchains and therefore validate it.
Merchants and operators typically require the arbitrary number of six confirmations before considering the transaction legit. And the typical transaction fee So instead of the transaction being confirmed in the minute average it usually takes, our Bitcoin was lost in limbo for over a day. I sent a support email to Bitcoin Agents, and received a text message the next day they matched my name to my phone number, I assume from Mike Piri, the owner of the Austin Robocoin machines explaining the situation.
Fortunately, Mike agreed to refund the transaction for exactly what I had sent to the machine, but by that time I was already on a flight back to San Francisco. Was it foolish to give so much personal information and cash to machine? Our mistake was not understanding how Bitcoin transactions and confirmations work, and this test was an expensive learning experience.
Still, we got a silly video out of it, and it's hopefully a cautionary tale about the risks of Bitcoin and experimental technologies. We'll make fools of ourselves any day so you won't have to. Cutaway Millennium Falcon Model Miniature! Adam Savage's One Day Builds: Making a Working Ghostbusters Ghost Trap!