1 hr 40 min

7: A Crash Course in Bitcoin, Ethereum, and Cryptocurrency Made You Think

    • Society & Culture

There’s not a big third-party in the middle taking thirty, fifty, or whatever percent of the cut on the way, it’s just directly from one individual to another individual.
In this episode of Made You Think we mixed it up by bringing in two guests: Taylor Pearson and Adil Majid, to ask them all of our burning questions about cryptocurrency. Neil came into the episode completely fresh and asked them everything he could think of, so if you’re new to bitcoin, ethereum, and cryptocurrency, or have a basic understanding but want to learn more, this is the crash course you’ve been looking for.
We cover a wide range of topics, including:
The history and the creation of cryptocurrencies Cryptocurrencies pros, cons, and uses Various types and forms of cryptocurrencies The major benefits of cryptocurrencies usage Long and short-term price speculations Reliable sources of cryptocurrency news and information And much more. Please enjoy, and be sure check out Taylor and Adil online!
If you enjoyed this episode, be sure to also listen to our launch episodes on Antifragile by Nassim Taleb to learn how to profit from chaos, and on The Sovereign Individual, to better prepare yourself for the cyber-economic future.
Mentioned in the show:
Spire [1:28] Cypher Punks [13:37] E-Gold [13:57] Dropbox [17:22] Filecoin [17:38] Source Wifi [17:42] Uber [19:21] Nick Szabo’s Blog - Unenumerated [23:19] Steem Crypto-Reddit [38:54] Made You Think: The Sovereign Individual [48:35] Coinbase [50:05] JP Morgan [54:11] JP Morgan trading Bitcoin after fraud claim [54:11] The Silk Road marketplace [1:10:00] Bitcoin forums [1:11:05] Ethereum [1:15:30] The DAO [1:18:45] (the DAO hack) Alibaba [1:23:14] Inneo [1:23:23] Belaji’s article on quantifying decentralization [1:24:20] Bitcoin Whitepaper [1:29:10] Vitalik Buterin’s blog [1:30:56] Social Scalability article [1:35:55] Nick Szabo’s Tim Ferriss Podcast episode [1:36:43] Cryptocurrency on Medium [1:37:03] Books mentioned:
The Dictator’s Handbook [4:18] The Master Switch [4:46] Technological Revolutions and Financial Capital [57:37] Digital Gold [1:08:11] The Sovereign Individual [1:30:22] (Made You Think episode) (Nat’s Notes) The Internet of Money [1:34:59] People mentioned:
Taylor Pearson [0:49] (Twitter) Adil Majid [1:21] (Twitter) Tim Wu [4:46] Satoshi Nakamoto [11:19] Nick Szabo [14:02] Kevin Kelly [34:05] Gandhi [51:38] Jamie Dimon [54:11] Carlota Perez [57:37] Ari Paul [1:07:47] Chris Burniske [1:07:47] Balaji Srinivasan [1:07:47] Barry Silbert [1:07:47]    Vitalik Buterin [1:07:47] Laura Shin [1:07:47] Elizabeth Stark [1:07:47] Fred Wilson [1:07:47] Naval Ravikant [1:07:47] Hal Finney [1:12:13] Bruce Mesquita [1:34:47] Andreas Antonopoulos [1:35:09] Nassim Nicholas Taleb [1:36:20] (Antifragile Made You Think episode) Tim Ferriss [1:36:43] Useful resources:
Taylor’s articles on cryptocurrency (here and here) Nat’s articles on cryptocurrency (here and here) 0:00 - Intro to the show and some information on what the episode will be about.
0:49 - Taylor Pearson and Adil Majid’s introductions and how they both got into cryptocurrency.
5:32 - Some of the ways that cryptocurrency is useful due to it being decentralized and free from governmental control.
8:45 - The two types of cryptocurrencies: currencies and tokens, and some key differences between them.
10:13 - What makes cryptocurrencies able to be decentralized and free from governmental control. Also, why people can’t create more bitcoins, info on the blockchain, and info on mining cryptocurrencies.
13:15 - Cryptocurrency creation attempts that came before the creation of Bitcoin.
14:26 - Who is creating cryptocurrencies, how they are created, and how they attain value.
16:23 - Some more information on tokens and some examples of these tokens.
18:11 - Why we would want to use tokens for transactions instead of traditional currency.
23:00 - What the customized contract aspect of crypto

There’s not a big third-party in the middle taking thirty, fifty, or whatever percent of the cut on the way, it’s just directly from one individual to another individual.
In this episode of Made You Think we mixed it up by bringing in two guests: Taylor Pearson and Adil Majid, to ask them all of our burning questions about cryptocurrency. Neil came into the episode completely fresh and asked them everything he could think of, so if you’re new to bitcoin, ethereum, and cryptocurrency, or have a basic understanding but want to learn more, this is the crash course you’ve been looking for.
We cover a wide range of topics, including:
The history and the creation of cryptocurrencies Cryptocurrencies pros, cons, and uses Various types and forms of cryptocurrencies The major benefits of cryptocurrencies usage Long and short-term price speculations Reliable sources of cryptocurrency news and information And much more. Please enjoy, and be sure check out Taylor and Adil online!
If you enjoyed this episode, be sure to also listen to our launch episodes on Antifragile by Nassim Taleb to learn how to profit from chaos, and on The Sovereign Individual, to better prepare yourself for the cyber-economic future.
Mentioned in the show:
Spire [1:28] Cypher Punks [13:37] E-Gold [13:57] Dropbox [17:22] Filecoin [17:38] Source Wifi [17:42] Uber [19:21] Nick Szabo’s Blog - Unenumerated [23:19] Steem Crypto-Reddit [38:54] Made You Think: The Sovereign Individual [48:35] Coinbase [50:05] JP Morgan [54:11] JP Morgan trading Bitcoin after fraud claim [54:11] The Silk Road marketplace [1:10:00] Bitcoin forums [1:11:05] Ethereum [1:15:30] The DAO [1:18:45] (the DAO hack) Alibaba [1:23:14] Inneo [1:23:23] Belaji’s article on quantifying decentralization [1:24:20] Bitcoin Whitepaper [1:29:10] Vitalik Buterin’s blog [1:30:56] Social Scalability article [1:35:55] Nick Szabo’s Tim Ferriss Podcast episode [1:36:43] Cryptocurrency on Medium [1:37:03] Books mentioned:
The Dictator’s Handbook [4:18] The Master Switch [4:46] Technological Revolutions and Financial Capital [57:37] Digital Gold [1:08:11] The Sovereign Individual [1:30:22] (Made You Think episode) (Nat’s Notes) The Internet of Money [1:34:59] People mentioned:
Taylor Pearson [0:49] (Twitter) Adil Majid [1:21] (Twitter) Tim Wu [4:46] Satoshi Nakamoto [11:19] Nick Szabo [14:02] Kevin Kelly [34:05] Gandhi [51:38] Jamie Dimon [54:11] Carlota Perez [57:37] Ari Paul [1:07:47] Chris Burniske [1:07:47] Balaji Srinivasan [1:07:47] Barry Silbert [1:07:47]    Vitalik Buterin [1:07:47] Laura Shin [1:07:47] Elizabeth Stark [1:07:47] Fred Wilson [1:07:47] Naval Ravikant [1:07:47] Hal Finney [1:12:13] Bruce Mesquita [1:34:47] Andreas Antonopoulos [1:35:09] Nassim Nicholas Taleb [1:36:20] (Antifragile Made You Think episode) Tim Ferriss [1:36:43] Useful resources:
Taylor’s articles on cryptocurrency (here and here) Nat’s articles on cryptocurrency (here and here) 0:00 - Intro to the show and some information on what the episode will be about.
0:49 - Taylor Pearson and Adil Majid’s introductions and how they both got into cryptocurrency.
5:32 - Some of the ways that cryptocurrency is useful due to it being decentralized and free from governmental control.
8:45 - The two types of cryptocurrencies: currencies and tokens, and some key differences between them.
10:13 - What makes cryptocurrencies able to be decentralized and free from governmental control. Also, why people can’t create more bitcoins, info on the blockchain, and info on mining cryptocurrencies.
13:15 - Cryptocurrency creation attempts that came before the creation of Bitcoin.
14:26 - Who is creating cryptocurrencies, how they are created, and how they attain value.
16:23 - Some more information on tokens and some examples of these tokens.
18:11 - Why we would want to use tokens for transactions instead of traditional currency.
23:00 - What the customized contract aspect of crypto

1 hr 40 min

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