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Naval

Vitalik: Ethereum, Part 2

Naval

Naval Ravikant

Business, Technology

4.82.4K Ratings

🗓️ 14 April 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

The elder statesman of smart contract blockchains 0:00

The Ethereum community 1:22

The DAO hack 2:34

Vitalik's finest and worst moments in protocol politics 5:18

Becoming a Twitter memelord 7:45

Vitalik's influence on Eth today 8:59

It's getting harder to do big things in Eth 10:38

Goals outside Ethereum 12:17

Crypto needs the good-natured 15:00

Russia 18:06

Vitalik's lifestyle 19:51

Closing thoughts 22:06

Transcript http://nav.al/vitalik-2

Transcript

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0:00.0

Vitalik, I want to ask you a little bit about how your role has evolved since it began

0:05.9

in Ethereum.

0:06.9

So, in the very beginning, before all of this, of course, you were once the uppity young

0:11.9

entrepreneur.

0:12.9

It's been, what, six, seven years now?

0:15.4

You've moved on from being the entrepreneur to being the chief technologist to being the

0:19.6

politician.

0:20.6

You're now the elder statesman of smart contract blockchains.

0:24.3

What have you learned about protocol politics?

0:27.2

How do you know politics is less different from regular politics than you might think?

0:31.9

It's all this emergent phenomenon of what happens when you stick many thousands of people

0:37.1

together and you have incentives that are aligned in some cases.

0:41.9

So, you have some competition in other cases and you have different groups of people that

0:45.8

have different opinions and they have to fight it out.

0:49.4

Sometimes within one protocol and sometimes between different protocols where there's

0:52.4

competition.

0:53.6

A lot of the dynamics that you get are surprisingly familiar.

0:58.2

The kind of religious fervor that you get when people defends their opinions isn't better

1:02.7

to have blockchains that have smaller blocks so they're easier to verify versus bigger

1:07.3

blocks so that more people can afford to use them.

1:10.5

People have very strong opinions in the same way that people have strong opinions about

1:15.4

either religion or democracy or freedom of speech or the welfare state or any other mainstream

...

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