722 - How can CHIA solves Cryptocurrency's problem?! with Bram Cohen

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.6 • 2.7K Ratings

🗓️ 8 June 2021

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bram Cohen, the founder of BitTorrent and Chia Network, in 2004, realized the internet speed and bandwidth was slow, and even maybe a fraction of what we have today, so he came up with a peer-to-peer protocol called BitTorrent. If you're old enough, you might have used it to download movies, music, and even games at some point. Fast track 2017, he found a new interest in cryptocurrency, Bitcoin, and Etherum, and saw that there's a problem with it. So he founded his own "Green" cryptocurrency in the hope of solving the issues that Bitcoin, Etherum, and other coins have! If you have questions about Chia, and what is Chia, how can Chia solve the problem, and what problems exactly are we looking at? Don't worry, I do too, I ask all the questions that I am curious about and more! Check it out, listen, and to the moon! My new book Skip The Line is out! Make sure you get a copy wherever you get your new book! Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.8	This is the James Altiger Show.
0:12.8	Today on the James Altiger Show.
0:16.0	I was wrong about everything on this podcast, which my guest today reminded me of a super
0:23.1	smart.
0:24.1	I was thinking about this guy for 20 years, Bram Cohen.
0:28.3	He started BitTorrent, which is used by over 200 million people to share files.
0:34.2	More recently he started a cryptocurrency called Chia.
0:38.1	And it's really interesting because before we start talking about Chia, we sort of had
0:43.2	an overview of all cryptocurrency philosophy in general.
0:47.3	And I learned a lot, but the interesting thing about him, he, as he says on the podcast,
0:52.7	he has a slight case of Asperger's.
0:55.9	And he had no qualms about telling me every single time I was wrong.
0:59.2	But I appreciate it.
1:00.2	I like it, guests like that.
1:01.4	It allows me to really learn a lot and ask questions, but I was almost intimidated
1:05.0	a little because he was so smart and so brilliant about all these things.
1:08.7	So here's Bram Cohen.
1:12.9	Well, technically yes, but then you have to look into scale like the banking industry is
1:25.4	much bigger than the Bitcoin industry.
1:27.7	Just because everyone's complaining about Bitcoin's energy and it's not, I realized
1:32.9	Chia solves the problem as Bitcoin scales higher.
	...

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