NEO Wanted BitTorrent

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Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 4 September 2018

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

A new paper co-authored by Vitalik Buterin proposes to solve the network’s “free rider” problem. -AND- The Australian Securities Exchange (ASX) has pushed back the launch of a blockchain replacement for the decades-old CHESS clearing and settlement system. -ALSO- EOS developers are shelling out big bucks to pay for network resources. -DON’T MISS- CoinDesk’s Annaliese Milano joins host Bailey Reutzel to discuss new details about BitTorrent’s acquisition by Tron founder Justin Sun, and a competing bid from blockchain project NEO. Recorded September 4, 2018 in New York, NY. Thanks to our sponsors! Said Business School, University of Oxford Oxford Fintech Programme Oxford Blockchain Strategy Programme Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate. For more information, visit www.CoinDesk.com 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	New information reveals that blockchain project Neo sought to buy BitTorrent.
0:06.0	Good evening. I'm Bailey Reitzel and this is late confirmation from CoinDisc, bringing you the top stories from September 4th.
0:13.9	A new paper co-authored by Ethereum creator Vitalik Buterin proposes to solve the network's freewriter problem. Rising costs for network
0:23.8	resources are proving to be a major headache for developers working on EOS. And ASX has postponed
0:30.9	their rollout of a blockchain settlement system. And lastly, we'll have CoinDess reporter Annalise
0:35.8	Milano on to talk about the new details she uncovered about the BitTorrent acquisition.
0:40.3	But first, a word from our sponsor.
0:43.1	Master Financial Technology Online with the 10-week Oxford FinTech program, interacting with an international cohort of business leaders and over 60 guest experts.
0:55.6	You'll gain a practical introduction to key financial technologies and their business applications.
1:00.2	Find out more at Oxfordexecfintech.com.
1:05.5	There are free riders in the cryptocurrency ecosystem.
1:09.2	At least, that's what Ethereum founder Vitalik Buterin,
1:12.4	Microsoft researcher Glenn Wheel, and Harvard's Zoe Hitzig, are arguing in a new paper.
1:18.6	What's a freewriter? As defined in the paper, a freewriter is a person or business that profits
1:23.7	from the under-provision of public goods. In the new paper, titled liberal radicalism
1:29.5	formal rules for a society neutral among communities, a method is outlined that would allow
1:35.0	groups to allocate funds for the maintenance of public goods without becoming vulnerable to this
1:39.9	problem. While the concept could have far-reaching effects across many industries, the authors
1:45.3	think the cryptocurrency industry, as it relates to funding projects, is a good place to experiment.
1:51.2	Given that the paper has only just been released, a solution won't be coming to Ethereum
1:55.7	overnight, or any other cryptocurrency project for that matter. But the authors do hope that its release will likely spur more discourse and debate
2:04.0	over how projects in the cryptocurrency ecosystem get funded.
	...

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