Coronavirus Second Order Effects and Improving on Bitcoin With BitTorrent Creator Bram Cohen

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• Topic 1 – Second Order Impacts of Coronavirus Lockdowns
• Social distancing and the revenge of the Hikikomori
• Coronavirus second order effects
• It’s an extroverts world but we’re all introverts this month
• The AOL moment for Zoom meetings and arguing the potato
• Interpersonal compression, ‘zoomers’ and enforced quality time
• Will overall deaths go down because of pandemic lockdowns?
• The end of “Bus Mode” for Lyft and Uber
• Autonomous vehicles, grocery deliveries and the last mile problem
• Tampons, cocktail sausages and a very weird month
• This episode is sponsored by eToro
• A friendly government delivery service?
• Opportunities in sterilization and social changes that’ll last
• Automated cleansing cycles and Far-UVC
• Internet infrastructure, Netflix social signaling and the recycling dilemma
• Masks, headphones and the changing standard of social isolation
  
  
• TOPIC 2 – How the creator of BitTorrent thinks he’s created a less wasteful, more distributed, more secure approach to Nakamoto Consensus
• Decentralized systems and the critical success of BitTorrent
• Naming projects, vegetables and a list of grains
• Proof of Space and Time
• Warehouses of computers, competitive money burning and Keynesian stimulus
• Proof of Work works and that’s a huge accomplishment, but could be better
• Centralization, Nakamoto consensus and Proof of Stake
• Moats and losing the battle with ASIC-hard consensus algorithms
• “Grinding attacks” as the competitive strategy
• Fundamental economics, storage capacity and the loophole
• Airdrops for something over-resourced and under-provisioned
• Losing money on buying “farming” hardware
• The early days of bitcoin mining with CPUs
• Power and CPUs, GPUs, FPGAs, and ASICs
• Hard Drives ,hard drives, hard drives and hard drives
• Storing data as proof, but not peoples data is like Proof of Work; the work isn’t useful, it’s just a measuring stick that doesn’t need your name or a long term commitment
• Printing lottery tickets with ASICs vs. a hard drive full of bingo cards
• Proofs of Space need Proofs of Time
• Less wasteful by using an underutilized resource
• More distributed because excess hard drive capacity is already distributed and there is no “ASIC” equivalent possible for hard drives. Just better or faster hard drives
• More secure because less wasteful and more distributed equal better security in distributed consensus
• Breaking, tweaking and proving proofs of time and space
• Miners don’t run data centers
• UTXOs, message passing on-chain programming environments and walking a fine line between Bitcoin and Ethereum
• Rate limiting wallets and reversible paper wallets
• Improving colored coins
• Decentralized exchange doesn’t need decentralized exchanges
• Farming, pre-farming, farming rewards and trailing emissions
• Why pre-farm?
• Is it viable to farm with AWS?
• Carrying hundred dollar bills and Chia’s business model involves loaning Tokens To Large International Companies
• Covenants replicate many banking system benefits without requiring banks or centralization
• Complexity, Bitcoin Script and Protocol Level Improvements

Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.