Michael Folkson, Nate Basanese – Winners of BCoin Hackathon

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 6 July 2017

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As of this writing, there’s not really much incentive to run a full node as an individual. As just one person, it’s not worth the cost. And the cost is high. Nate Basanese estimates it at “too much.”
Along with partner Michael Folkson, Nate is one of two winners of a recent BCoin Hackathon. Folkson and Basanese joined me to talka bout their recent success, and to get into further detail on their winning project.
As with most Hackathons, it started with the brainstorming stage. “We wanted to work on something that used Lightening and BCoin, given that there were representatives of both there.” What they ended up with was a prototype of a full node generating revenue, a prototype that monetizes full nodes using both Lightening and BCoin.
Hit play to hear the rest of Folkson and Basanese’s story. Be sure to subscribe and review, and if you can, consider donating a BitCoin or two to the cause. Every little bit helps.

Transcript

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0:00.0	Welcome to Almost Here, Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs.
0:08.0	Future Technologies Hoyts to transform our lives for better or worse are the focus of this podcast.
0:13.7	Almost here means these technologies are now here and
0:16.8	starting to be used.
0:18.2	We're just around the corner.
0:19.8	From Bitcoin to artificial intelligence,
0:22.1	3D printing, blockchain, virtual reality, and more.
0:26.6	Hello, this is Richard Jacobs with the Future Tech Podcast.
0:30.1	And today I got two interesting guys.
0:32.3	They were part of a recent Bitcoin hackathon.
0:35.0	We got Michael Foulson and Nate. I hope I don't mess up your name.
0:39.0	Bassani's. There's something like that.
0:42.0	That's amazing. He's not going to correct you. There's something like that. Fascin is it.
0:43.0	He's not going to correct you.
0:45.0	No problem.
0:46.0	Like nice and easy, which it's not at all.
0:49.0	Right on, it's all right.
0:50.0	Yeah, so tell me about your experience of the recent hackathon, you know, what went on and what did you guys create?
0:57.0	Yeah, so we worked on a project called monetizing full nodes and It was a hackson predominantly for B coin,
1:07.0	held by numerous people including Perth. So we worked on a project to my size full nodes using both lightning and
1:14.9	be coin. So we showed a prototype of a full node generating revenue through
1:21.0	providing Oracle services.
	...

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