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The Peter McCormack Show

Bitcoin Vs Ethereum with Samson Mow & Vitalik Buterin - WBD251

The Peter McCormack Show

Peter McCormack

Power, Politics, Government, Markets, News, Society & Culture, Technology, Society, Inflation, Finance, Bitcoin, Economics, Money

4.72.8K Ratings

🗓️ 16 August 2020

⏱️ 111 minutes

🧾️ Download transcript

Summary

Location: Squadcast Date: Thursday 13th August Company: Blockstream & Ethereum Role: Chief Strategy Officer & Founder

The Bitcoin community can be a very hostile place, in an industry that has more than its fair share of scams and questionable projects it often falls at the feet of Bitcoiners to call them out.

In many ways, Ethereum is the antithesis of Bitcoin. Whereas Bitcoin is slow and conservative in its goals and development, the ethos of Ethereum is to 'move fast and break things'. These philosophical differences often lead to fiery debates between the two communities.

Over the past few days, a new debate was sparked by the seeming inability to verify the total supply of Ethereum. Supplygate has divided the two communities again with many Bitcoiners believing that the ability to audit the supply should be one of the fundamental principles of a money system. With Bitcoin, it is the monetary policy which gives it value over fiat, therefore having a fixed supply and the ability for anyone to run a node and audit the supply is critical.

Believers in Ethereum argue that Ethereum's value proposition is different and that difficulty of getting consensus around the total supply is not a significant issue.

During this debate Chief Strategy Officer at Blockstream, Samson Mow, and Ethereum creator Vitalik Buterin traded blows on Twitter. I asked them to come on the show and discuss the philosophical differences between Ethereum vs Bitcoin.


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Transcript

Click on a timestamp to play from that location

0:00.0

It comes down to what you think money is and money is really a zero-sum game.

0:07.0

We're not going to walk around in the world with thousands or tens of thousands of monies.

0:12.0

Hello there from the United Kingdom.

0:14.0

How are you all?

0:15.0

Welcome to the What Bitcoin did podcast,

0:17.0

which is brought to you by The Mighty Cracken.

0:19.0

I'm your host Peter McCormack,

0:20.0

and today I've got a bonus show for you.

0:22.0

Very interesting one. I've got Samson, show for you. Very interesting one.

0:23.0

I've got Sampson, Mao and Vitalik Bhutrant on to discuss the philosophical differences

0:27.3

between Bitcoin and Ethereum.

0:29.2

But before that, I do have a very quick message from my show sponsors. So first up today we have Block

0:33.6

Fye the future of Bitcoin and financial services and with BlockFi you can open up an

0:37.8

interest account and earn money on your Bitcoin. Also using your Bitcoin as

0:41.9

collateral you can take out a U.S.D loan.

0:44.0

If you're interested in checking it out, I do recommend you do your own research, then head over to BlockFi.com, which is

0:49.2

BLOCK-F-I.com. Also we have Krakan with their world-class security and customer service

0:55.6

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0:59.4

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1:03.5

They really do have every trading option covered for you.

1:06.6

If you want to find out more head over to cracken.com or download the app which is

1:10.4

available for the iPhone and Android just search for Crack and

...

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