Vitalik Buterin on Cryptoeconomics and Markets in Everything
Conversations with Tyler
Conversations with Tyler
4.8 • 2.4K Ratings
🗓️ 18 July 2018
⏱️ 53 minutes
🧾️ Download transcript
Summary
At the intersection of programming, economics, cryptography, distributed systems, information theory, and math, you will find Vitalik Buterin, who has managed to synthesize insights across those fields into successful, real-world applications like Ethereum, which aims to decentralize the Internet.
Tyler sat down with Vitalik to discuss the many things he's thinking about and working on, including the nascent field of cryptoeconomics, the best analogy for understanding the blockchain, his desire for more social science fiction, why belief in progress is our most useful delusion, best places to visit in time and space, how he picks up languages, why centralization's not all bad, the best ways to value crypto assets, whether P = NP, and much more.
Do you have a world-changing idea like Vitalik? The Mercatus Center is launching a new fellowship and grant program called Emergent Ventures to support transformational thinkers and doers.
Listen to Tyler talk about the new project on the latest Mercatus Policy Download.
Read a full transcript enhanced with helpful links.
Recorded June 25th, 2018
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Transcript
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| 0:00.0 | Hello, this is Tyler. |
| 0:05.5 | Before we start, I just wanted to tell you about a new venture we're initiating at Mercatus. |
| 0:10.4 | It's called Emergent Ventures. |
| 0:12.5 | And the point of the venture is to seek out ideas that have the potential to be transformational, |
| 0:17.9 | including strange, unusual, high-risk, high-return ideas, and to fund these ideas and to fund |
| 0:23.7 | these people. |
| 0:24.9 | If you'd like to hear more about Emergent Ventures, well, we have a whole podcast on |
| 0:29.2 | that. |
| 0:30.2 | You can hear it on the Mercatus Policy Download, and you can find that in your favorite podcast |
| 0:34.9 | app. |
| 0:38.0 | Conversations with Tyler is produced by the Mercatus Center at George Mason University, |
| 0:51.7 | bridging the gap between academic ideas and real-world problems. |
| 0:56.0 | Learn more at mercatus.org. |
| 0:58.6 | And for more conversations, including videos, transcripts, and upcoming dates, visit Conversations |
| 1:04.6 | with Tyler.com. |
| 1:05.6 | Hello, I'm here today with Vitalic Booterin, who is founder and chief scientist at Ethereum. |
| 1:16.6 | I'd like to start with what I call the Vitalic Booterin production function. |
| 1:20.7 | That is how you get things done. |
| 1:22.7 | So I went back and I re-read all of the papers on your homepage. |
| 1:26.4 | I found it quite striking that there are two very important economics results. |
| 1:30.5 | One based on menu costs associated with the name of Greg Moncue, and others a paper on the |
| 1:35.1 | indeterminacy of monetary equilibrium associated with Fisher Black. |
... |
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