In Today's discussion we'll briefly talk about some of the knock-on, or second order affects which the coronavirus disruption is having on our world today, and which may continue into the future. Then for the meat of the show we'll dig into specific areas where bitcoin could, or perhaps is being improved with the creator of one of the most impactful peer to peer technologies live in the world today.
Shownotes for LTB! #433
Topic 1 - Second Order Impacts of Coronavirus LockdownsSocial distancing and the revenge of the Hikikomori
Coronavirus second order effectsIt’s an extroverts world but we’re all introverts this monthThe AOL moment for Zoom meetings and arguing the potatoInterpersonal compression, zoomers and enforced quality timeWill overall deaths go down because of pandemic lockdowns?The end of “Bus Mode” for Lyft and UberAutonomous vehicles, grocery deliveries and the last mile problemTampons, cocktail sausages and a very weird monthThis episode is sponsored by eToroA friendly government delivery service?Opportunities in sterilization and social changes that’ll lastAutomated cleansing cycles and Far-UVCInternet infrastructure, Netflix social signaling and the recycling dilemmaMasks, headphones and the changing standard of social isolation
TOPIC 2 - How the creator of BitTorrent thinks he’s created a less wasteful, more distributed, more secure approach to Nakamoto ConsensusDecentralized systems and the critical success of BitTorrentNaming projects, vegetables and a list of grainsProof of Space and TimeWarehouses of computers, competitive money burning and Keynesian stimulusProof of Work works and that’s a huge accomplishment, but could be betterCentralization, Nakamoto consensus and Proof of StakeMoats and losing the battle with ASIC-hard consensus algorithms“Grinding attacks” as the competitive strategyFundamental economics, storage capacity and the loopholeAirdrops for something over-resourced and under-provisionedLosing money on buying “farming” hardwareThe early days of bitcoin mining with CPUsPower and CPUs, GPUs, FPGAs, and ASICsHard Drives ,hard drives, hard drives and hard drivesStoring data as proof, but not peoples data is like Proof of Work; the work isn’t useful, it’s just a measuring stick that doesn’t need your name or a long term commitmentPrinting lottery tickets with ASICs vs. a hard drive full of bingo cardsProofs of Space need Proofs of TimeLess wasteful by using an underutilized resourceMore distributed because excess hard drive capacity is already distributed and there is no “ASIC” equivalent possible for hard drives. Just better or faster hard drivesMore secure because less wasteful and more distributed equal better security in distributed consensusBreaking, tweaking and proving proofs of time and spaceMiners don’t run data centersUTXOs, message passing on-chain programming environments and walking a fine line between Bitcoin and EthereumRate limiting wallets and reversible paper walletsImproving colored coinsDecentralized exchange doesn’t need decentralized exchangesFarming, pre-farming, farming rewards and trailing emissionsWhy pre-farm?Is it viable to farm with AWS?Carrying hundred dollar bills and Chia’s business model involves loaning Tokens To Large International CompaniesCovenants replicate many banking system benefits without requiring banks or centralizationComplexity, Bitcoin Script and Protocol Level Improvements
This episode was sponsored by eToro.com, with music by Jared Rubens, Gurty Beats and Adam B. Levine. Today's show featured Bram Cohen, Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine with editing by Jonas.
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