1h 7 min
Introduction to Navcoin: I interview the lead developer Conversations with Kerry
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- Tempo libero
Episode Notes
On 29 May 2022 In this episode of the podcast I interview Alex one of the lead developers in the Navcoin project. We discuss what Navcoin is, some problems with cryptocurrencies and some of the future plans for Navcoin. This episode answers a number of questions asked on Discord and the telegram channel.
Check out the Navcoin project at https://www.navcoin.org/
Transcript:
E24 Introduction to Navcoin: I interview the lead developer.
Kerry: Welcome to conversations with Kerry, a series of audio interactions with people and things in my world that I find interesting. If you have any comments, questions, or feedback, you can find me at @khoath on Twitter or e-mail me at kerry@gotss.net. Thanks for listening and I hope you enjoy the podcast.
Kerry: This episode of conversations with Kerry contains information on the cryptocurrency Navcoin. You can find out about Navcoin by visiting www.navcoin.org. Please note that this information is provided for educational and entertainment purposes only and should not be considered investment advice. If you require investment advice, please consult a financial advisor. Please enjoy this content and I hope you find it educational and entertaining.
Kerry: Welcome everybody to this episode of conversations with Kerry and as a special treat on the podcast this week, this will be distributed through various other channels, we are very honoured to have the lead developer of the Navcoin project with us which I'll introduce in a moment and Alex has come on the podcast with us. Now if you've never heard of Navcoin before don't worry a lot of people haven't and hopefully this podcast will fix that for you and tell you about this exciting project so hello Alex and thank you for coming on the podcast, I really appreciate it.
Alex: Hello, Kerry thank you for having me it's a complete pleasure.
Kerry: I’ll say a few words about cryptocurrency now. Everybody heard about Bitcoin, and everybody heard about cryptocurrency now in case you've been living under a rock for the last 12 years or so. In simple terms, cryptocurrency is a method of exchange that is calculated and stored on computers, that is thought to be worth actual money by a lot of people. That is probably the simplest definition of cryptocurrency I can give.
The reason it's called cryptocurrency is the original project in this space that was hugely popular Bitcoin which came out in the late nineties, was the first cash system to be widely successful in this digital space, although when Bitcoin started, it wasn't worth much at all and we can talk about that a little later. Now when you talk about cryptocurrency, you'll get the term “blockchain” and I don't want to get too geeky because we're trying to keep the podcast general but in very simple terms when you put money in your bank and your bank takes your money, the bank says you have $3.57 or whatever your currency is and you believe them and hopefully all of the other banks believe them and this will sort of butterfly across into a topic that we're getting on to in a second here. But if you ask the bank how much you've got the bank says $3.57 and if somebody says, “person X has bought a chocolate bar which is $3.56, do you have $3.56?” the bank “says yes, yes they do”, and you end up with one cent left in your account and a chocolate bar.
Now, this all sounds pretty simple and straightforward, except there are a couple of underlying problems with this system which we'll get into. First of all, you have to trust the bank and that seems as though it would be, pretty simple right? Nothing to hide, nothing to worry about? But if you've been following the news, the Canadian truck drivers would tell you all sorts of things about how the bank wouldn't let go of their funds and they were up doing a protest and went to buy a chocolate bar or whatever else they needed, not possible. So, we'll get to that in a minute, very soon actually.
Kerry: So cryptocurrency used to
Episode Notes
On 29 May 2022 In this episode of the podcast I interview Alex one of the lead developers in the Navcoin project. We discuss what Navcoin is, some problems with cryptocurrencies and some of the future plans for Navcoin. This episode answers a number of questions asked on Discord and the telegram channel.
Check out the Navcoin project at https://www.navcoin.org/
Transcript:
E24 Introduction to Navcoin: I interview the lead developer.
Kerry: Welcome to conversations with Kerry, a series of audio interactions with people and things in my world that I find interesting. If you have any comments, questions, or feedback, you can find me at @khoath on Twitter or e-mail me at kerry@gotss.net. Thanks for listening and I hope you enjoy the podcast.
Kerry: This episode of conversations with Kerry contains information on the cryptocurrency Navcoin. You can find out about Navcoin by visiting www.navcoin.org. Please note that this information is provided for educational and entertainment purposes only and should not be considered investment advice. If you require investment advice, please consult a financial advisor. Please enjoy this content and I hope you find it educational and entertaining.
Kerry: Welcome everybody to this episode of conversations with Kerry and as a special treat on the podcast this week, this will be distributed through various other channels, we are very honoured to have the lead developer of the Navcoin project with us which I'll introduce in a moment and Alex has come on the podcast with us. Now if you've never heard of Navcoin before don't worry a lot of people haven't and hopefully this podcast will fix that for you and tell you about this exciting project so hello Alex and thank you for coming on the podcast, I really appreciate it.
Alex: Hello, Kerry thank you for having me it's a complete pleasure.
Kerry: I’ll say a few words about cryptocurrency now. Everybody heard about Bitcoin, and everybody heard about cryptocurrency now in case you've been living under a rock for the last 12 years or so. In simple terms, cryptocurrency is a method of exchange that is calculated and stored on computers, that is thought to be worth actual money by a lot of people. That is probably the simplest definition of cryptocurrency I can give.
The reason it's called cryptocurrency is the original project in this space that was hugely popular Bitcoin which came out in the late nineties, was the first cash system to be widely successful in this digital space, although when Bitcoin started, it wasn't worth much at all and we can talk about that a little later. Now when you talk about cryptocurrency, you'll get the term “blockchain” and I don't want to get too geeky because we're trying to keep the podcast general but in very simple terms when you put money in your bank and your bank takes your money, the bank says you have $3.57 or whatever your currency is and you believe them and hopefully all of the other banks believe them and this will sort of butterfly across into a topic that we're getting on to in a second here. But if you ask the bank how much you've got the bank says $3.57 and if somebody says, “person X has bought a chocolate bar which is $3.56, do you have $3.56?” the bank “says yes, yes they do”, and you end up with one cent left in your account and a chocolate bar.
Now, this all sounds pretty simple and straightforward, except there are a couple of underlying problems with this system which we'll get into. First of all, you have to trust the bank and that seems as though it would be, pretty simple right? Nothing to hide, nothing to worry about? But if you've been following the news, the Canadian truck drivers would tell you all sorts of things about how the bank wouldn't let go of their funds and they were up doing a protest and went to buy a chocolate bar or whatever else they needed, not possible. So, we'll get to that in a minute, very soon actually.
Kerry: So cryptocurrency used to
1h 7 min