LTB!: Consensus Oracles and 'Anything That Can Be Decentralized Will Be Decentralized' 6 Years Later
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 15 March 2020
⏱️ 35 minutes
🧾️ Download transcript
Summary
The best Sundays are for long reads and deep conversations. Last week the Let's Talk Bitcoin! Show gathered to discuss a new consensus driven approach to DeFi oracles and to revisit Johnston's Law (anything that can be decentralized will be decentralized) with the man who coined the phrase so many years ago.
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On today's podcast we're joined by early investor and entrepeneur David Johnston to discuss:
- A new "consensus based" alternative to "reserve based", "game theory based", or trusted oracle based Stablecoins
- The growing relevance of DeFi even for those who aren't using it
- Johnston's Law six years later, how far we've come and real reasons for optimism on the decentralized evolution of everything.
Credits for LTB#429 - Coronavirus Impacts on Bitcoin (And the IRS's Dumb Singularity)
This episode of Let's Talk Bitcoin! is sponsored by Purse.io and eToro.com.
This episode featured Stephanie Murphy, Jonathan Mohan, David Johnston and Adam B. Levine
Today's episode was produced by Adam B. Levine, edited by Jonas with music provided by Jared Rubens and Adam B. Levine
Would you like to Sponsor a future episode of the Let's Talk Bitcoin! show? Do you have any questions or comments? Email [email protected]
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | On today's episode, we'll be looking at one of my favorite memes of the past with a man who literally coined the phrase in the early days of the Let's Talk Bitcoin show. |
| 0:11.3 | Today's episode of Let's Talk Bitcoin is sponsored by etorro.com and purse.io. Let's Talk Bitcoin is owned by the hosts and is editorially independent, but you can find new episodes every Sunday on the CoinDesk podcast network at CoinDest.com, the LTB network at let's talk |
| 0:25.2 | bitcoin.com, and of course on our privately managed show-only subscriber feed, which is free also |
| 0:30.2 | at LTB Show.com. With all of that said, I'd like to welcome you to the Let's Talk |
| 0:35.1 | Bitcoin show. This is episode 430. |
| 0:37.9 | My name is Adam B. Levine. I'm a longtime journalist, entrepreneur, and these days I'm also an editor of Coin Desk. |
| 0:43.3 | Joining our discussion today, Dr. Stephanie Murphy. |
| 0:46.1 | Hi there. |
| 0:47.2 | Mr. Jonathan Mohan. |
| 0:48.4 | Hey, hey, and special returning guests, although it's been a lot of years, super early investor in the space, David Johnston, now of human capital among other things. |
| 0:58.5 | Hey, everybody. |
| 0:59.6 | Welcome to the show, David, and welcome to kind of everybody else who's tuning in for our discussion today. |
| 1:04.4 | So, David, before we get into it, can you kind of provide our listeners, some of whom are new, some of whom are old, with a little bit more about your background and what you've been up to in particular over the last couple of years? |
| 1:13.7 | Sure. I grew up as a serial entrepreneur building tech companies in the 2000s. I was lucky to hear |
| 1:19.9 | about Bitcoin in 2012 and was already an economics nerd, and so decided to convert my cash into |
| 1:27.0 | Bitcoin. And that sort of started me on my |
| 1:29.3 | journey of speaking at Bitcoin conferences, investing in Bitcoin companies, ended up working |
| 1:35.3 | with Bit Angels back in 2013 to fund a lot of the early protocols in the space back in the |
| 1:41.5 | master coin and early Ethereum days. |
| 1:45.0 | Mastercoin. |
| 1:48.0 | It's been a long time. |
| 1:54.1 | But end of 2013, coined the phrase DAPs or decentralized applications when I wrote the white paper on the subject. |
... |
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