Vlad Zamfir on the Dangers of Unstoppable Software and What People Get Wrong About Blockchains
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 15 July 2021
⏱️ 59 minutes
🧾️ Download transcript
Summary
Vlad Zamfir is something of a crypto legend. The researcher was early into Bitcoin, and he was part of the Ethereum Foundation before it launched. He's still an active researcher in the space, but he believes the people operating in it get some basic premises wrong. One of the basic premises that people preach is the idea of database immutability. He argues that, in order for crypto to become more influential, it needs to take governance seriously and find ways to be in compliance with generally accepted ideas about the law.
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| 0:46.4 | Hello and welcome to another episode of the Odlots podcast. I'm Joe Weisenthal. |
| 1:00.2 | And I'm Tracy Alloway. So, Tracy, obviously, we've been doing a lot of crypto episodes lately. |
| 1:07.6 | Talk about Bitcoin and its future. A lot about DeFi lately. But of course, |
| 1:13.1 | when all this got started, I remember years ago, people thought this was very dangerous, |
| 1:18.5 | sort of provocative technology that people are like, oh, are they going to ban Bitcoin? Are |
| 1:24.7 | they going to ban all this stuff? I don't know. My opinion is that it feels like a lot of that |
| 1:30.3 | stuff is now the dollar signs are in the air. A lot of that stuff has been forgotten about |
| 1:34.8 | or sanitized away. I think you still see hints of it when people talk about the potential |
| 1:41.1 | regulatory response on things like DeFi and the idea of people creating synthetic stocks that |
| 1:46.3 | basically bypass regulations. Like, there is a hint of it there. But you're absolutely right |
| 1:51.6 | that Bitcoin and the associated technology blockchain kind of started out as this crypto |
| 1:59.1 | anarchist dream that was very much about maybe not undermining or actually, I think you could say |
| 2:06.3 | undermining or bypassing existing authorities and creating something that was sort of immutable |
| 2:13.4 | and also outside of their reach. Right. Like, something that totally has its own internal |
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