71: Bitcoin vs. Ethereum, and the Future of the Internet - Ivan on Tech
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 18 September 2017
⏱️ 75 minutes
🧾️ Download transcript
Summary
Ivan Liljeqvist is a software developer who is a leading expert in Blockchain Technology. He is the founder of Ivan on Tech, a YouTube channel featuring a series of videos explaining blockchain, cryptocurrencies, and the tech industry, in general, for the “non-techy” people to understand.
On this episode, he explains the difference between Bitcoin and Ethereum. He also explains the foundations of Blockchain Technology, Decentralized Applications, and Cryptocurrencies. He shares his visions for the ICOs and the future of the Internet. If you are thinking about buying digital currencies, this is the episode for you.
Links:
Where we are:
Johnny FD – Eastern Europe
Sam – Hong Kong
Ivan – Sweeden
Books:
Start Here – Recommended Reading
Time Stamps:
5:00 – Ivan’s background as a developer
8:17 – When and how did he learn about Cryptocurrencies?
9:38 – How much time does he spend learning Cryptocurrencies vs. other Tech works?
12:13 – Who is behind Ethereum?
16:51 – Foundations of Blockchain Technology
19:19 – How was Ethereum created?
21:20 – Decentralized applications
24:27 – Incentives for Ethereum creators
27:07 – Where can people buy Ether?
29:52 – Who is Satoshi Nakamoto?
31:33 – The future of Ethereum
35:08 – Role of decentralized applications in the future of the internet
41:21 – Mt.Gox hacking incident
46:53 – The future of Cryptocurrencies
50:06 – Bitcoin vs. other ICOs
Transcript
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| 0:00.0 | Welcome to the Invest Like a Boss podcast. |
| 0:02.5 | I'm Sam Marks and I'm Johnny FD. |
| 0:04.4 | We're self-made entrepreneurs who invest our own money and use modern technology to invest |
| 0:08.2 | like a boss. |
| 0:09.2 | Join us each week for exclusive interviews with our network of modern investors, business |
| 0:12.7 | owners and multi-millionaires to discover new ways to invest our hard-earned cash. |
| 0:18.4 | Hey guys, this is Johnny and welcome to episode 71 of the Invest Like a POS podcast. I'm here with Sam Marks. |
| 0:23.9 | Yo, Johnny. Hey, how do I sound by the way? I got a new microphone on work and I've dumped those ATR 2005s and upgraded. |
| 0:31.2 | Oh, I don't know if it's an upgrade, but you sound okay. |
| 0:35.3 | It's about three times the size of the other ones, but hopefully more durable. |
| 0:39.5 | Well, Johnny, dude, I think this is going to be a cool episode because I heard someone, |
| 0:44.2 | maybe yourself on the last episode or from someone else that you just got into the |
| 0:47.6 | crypto game. |
| 0:48.5 | Oh, oh, little birds be singing, so maybe. |
| 0:52.6 | We'll definitely talk about that on the outro, on what we're both going to do. |
| 0:57.1 | But I think it's impossible for us to ignore cryptocurrencies on invest like a boss. |
| 1:03.8 | It's one of those things where I think the reason why we didn't jump on it sooner and |
| 1:09.0 | have all the episodes about it is because |
| 1:11.3 | it's such a kind of a risky type of investment and it's not, you know, the traditional, |
| 1:18.1 | definitely you wouldn't read about this on like boggleheads forms, you know, and, but |
| 1:22.4 | it's an alternative investment class and it's not going anywhere. So we might as well |
| 1:26.5 | educate ourselves on it. |
... |
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