Video Title: Joe Rogan & Dr. Ben Goertzel on Blockchain
Vittorio’s open sources self-explanatory in its title pretty much people kind of understand what is it means that various coders get to share in this this code and the source code and they they get to innovate and they all get to participate and use each other’s work right right
But blockchain is confusing for a lot of people yeah please explain that sure I mean but block blockchain itself is almost a misnomer so we’re confused because they’re confusing it at every level right so we can should start with the idea of a distributed ledger which is basically like a distributed Excel
Spreadsheet or database it’s just a store of information which is not stored just in one place but there’s copies of it in a lot of different places every time my copy of it is updated everyone else’s copy of it has got to be updated and then then there’s various bells and
Whistles like sharding where you know it can be broken in many pieces and each piece is stored in many places or something so that’s a distributed ledger and that’s just distributed computing now what what makes it more interesting is when you layer decentralized control onto that so imagine you have this
Distributed Excel spreadsheet or distributed database there’s copies of it stored in a thousand places but to update it you need like 500 of those thousand people who own the copies to vote yeah let’s do that update right so then then you have a distributed store of data and you have like a democratic
Voting mechanism to determine when all those copies can get can get updated together right so then then what you have is a data storage and update mechanism that’s controlled in a democratic way by the group of participants throughout the mining one central controller and that that can
Have all sorts of advantages I mean for one thing it means that you know there’s no one controller who can go rogue and screw with all the day without telling anyone it also means there’s no one who’s some lunatic can go hold a gun to their head and shoot them for for what
Data updates were made because they’re you know it’s controlled democratically by by everybody right it has ramifications in terms of you know legal defensibility and I mean you could have some people and Iran some in China some in the US and and updates to this whole distributed data store are made by
Democratic decision of all the participants somewhere cryptography comes in is when I vote I don’t have to say yeah this is been Gertz all voting for this update to be accepted or not it’s just ID number one three five seven two six four and then encryption is used
To make sure that you know it’s it’s the same guy voting every time that it claims to be with it without needing like your passport number or something right what’s ironic about is it’s probably one of the best ways ever conceived to actually vote in this country yeah sure kind of ironic there’s
A lot of applications for that yeah that’s that that’s right so that there’s so that I mean that’s the core mechanism though where the blockchain comes from is like a data structure where to store the data in this distributed database it’s stored in a chain of blocks or each
Block contains data the thing is not every so called blockchain system even uses a chain of locks not like some user a tree or a graph of blocks or something that Tom reserved I mean it’s it’s an all right term is it like a I like just
One of those terms were stuck with yeah yeah it’s one it’s one of those terms were stuck with even though it’s not quite technically not quite technically accurate and I mean anymore I mean because what I don’t know another buzz word for it right what it is is a it’s a
Distributed ledger with encryption that decentralized control yeah and lock chain is the buzzword that’s come about for that know what what got me interested in blockchain really is this decentralized control aspect so my my wife why been with for ten years now she dug up recently something I’d forgotten which is a web
Page I’d made in 1995 like a long time ago where I’d said hey I’m gonna run for president on the decentralization platform for her which I had completely forgotten that crazy I di I was very young then I had no idea what an annoying job being president would be
But that so that the idea of decentralized control seemed very important to me back then which is well before Bitcoin was invented because I could see you know a global brain is evolving on the planet involving humans computers communication devices and we don’t want this global brain to be
Controlled by a small elite we want the global pram to be controlled in the in the decentralized ways so that that’s really the the beauty of this blockchain infrastructure and what what got me interested in the practical technologies of blockchain was really one theory inque mout and you add the notion of a
Smart contract which was a theory ‘m a theory amia so what is that well so the first blockchain technology was Bitcoin right which is a well known cryptocurrency no theory ‘m is another cryptocurrency which is the number 2 cryptocurrency right now that’s how out
Of the loop I am did you know about it you did however aetherium came along with a really nice software framework so it’s not just like a digital money like Bitcoin is but etherium has a programming language called solidity that came with it and this programming language lets you write where they’re
Called smart contracts and again that sort of a misnomer because a smart contract doesn’t have to be either smart or a contract right but but it was a cool name right what are doing then if it’s really a smart contract contract it’s like a programmable transaction
Okay so you you can program a legal contract or you can program of a financial transaction so a smart contract it’s a it’s a persistent piece of software that embodies like a secure encrypted transaction between between multiple parties so pretty much like anything on the back end of a bank’s
Website or transaction between two companies online a purchasing relationship between you and the website online this could all be scripted in the smart contract in this secure way and it would be automated in this simple and standard way so the vision that Vitalik butyrin who was the main creator behind
Aetherium had is to basically make the internet into a giant computing mechanism rather than mostly like an information storage and retrieval mechanism make the internet into a giant computer by making a really simple programming language for scripting transactions among different computers and different parties on the internet
Where you have encryption and you have democratic decision-making and distributed storage of information like programmed into this this world computer right and then that was a really cool idea and the etherium blockchain and solidity programming language made it really easy to do that so made it really easy to program like distributed secure
Transaction and computing systems on the internet so I saw this I thought wow like now we finally have the toolset that’s needed to implement some of these pillars it’s very popular yeah I mean I mean basically almost every ICO that was done the last couple years was done on the ethereum blockchain
What’s an ICO initial coin offering okay so for bitcoins for I’m sorry crypto currency crypto currencies yeah use this technology yeah yes rings right so what happened in the last couple years is a bunch of people realized you could use this aetherium programming framework to create a new cryptocurrency right like a
New artificial money and then you could try to get people to use your new artificial money for certain types of how many artificial coin thousands maybe more yeah and bitcoin is Bitcoin is by far the most popular the most cerium is number two and there’s a bunch of others
I mean how would comparison like how much bigger is Bitcoin than aetherium mmm I don’t know five factor of three to five yeah well maybe just a factor of two no it’s actually last year at theory ‘im almost took over Bitcoin when Bitcoin start crashing yeah yeah
And now a theorem is back down it might be 1/2 or 1/3 does that worry you the the fluctuating value of these well to my to my mind creating artificial money’s is one tiny bit of the potential of what you could do with the whole blotching tool said it it happened to become
Popular initially right because it’s where the money is right it is it is money and that’s interesting to people but on the other hand what it’s really about is making world computer it’s about scripting with a simple programming language all sorts of transactions between people companies whatever all sorts of exchanges of
Information so I mean it’s about decentralized voting mechanisms it’s about AI is being able to send data and processing it for each other and pay each other for their transactions so I mean there’s it’s about automating supply chains and and and shipping and ecommerce so that there’s an in in in in
Essence you know just like computers and the internet started with a certain small set of applications and then pervaded almost everything right yeah it’s the same way with blockchain technology like it started with digital money but the core technology is is gonna pervade almost everything because there’s almost no domain of human
Pursuit that couldn’t use like security through cryptography some sort of you know participatory decision-making and then distributed storage of information right so and these things are also valuable for AI which is how I got into it in the first place I mean if you’re making a very very powerful AI that is
Gonna you know gradually through the practical value it delivers you will grow up to be more and more and more intelligent I mean this AI should be able to engage a large party of people and AIS in participatory decision-making they I should be able to store information you know in a widely
Distributed way and and they I certainly shouldn’t be able to use you know security and encryption to validate who are the parties involved in its operation and I mean these are the key things behind behind blockchain technology so I mean the fact the fact that blockchain began
With artificial currencies to me is a detail of history just like the fact the fact that the internet began is like a nuclear early warning system right then it did it’s good for that but it’s as it happens it’s also even better for a lot of other things
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The best part is that they distinguish the difference between cryptocurrencies and Bitcoin
There was a day that this video sounded complex and out of reach and now looking back it looks elementary and oversimplified. Incredible.
I bet the doctor's opinion on defining artificial intelligence as intelligent would surely be different today than it was. He definitely needs to come back on the show.
Bring him back on! His project is blowing up!
a few days after this interview was the bottom of Eth price in 2018.
AGI / SINGULARITY NET
Ocean protocol baby
So almost every ICO = scam was created on ETH. That is AMAZING. /s
They shit on their project when they forked it into Cardano.
SDAO and AGIX 4 da win
I don’t want anything I own to be in the hands of people in Iran or China. That’s a no go from me. Thanks though.
I can unequivocally say that trading is one of the most profitable and lucrative business for every investors with the right expert.
Bawhahaha, Can't stop laughing at this guys hand gestures. A Bad Lip Reading should get in on this!😂🤣😂
His brain power is stored in the hat.
BUY LOW SELL HIGH
Were gas fees as insane then as they are now?
So it 1/18/22 and I just watched Rogan ask "What's Ethereum?"
Wow…
Wish I would have paid more attention to crypto back then.
Bring this man back
Charles Hoskinson please.
Wow – rogan looks like shit now that hes in texas! he was a spring chicken 3 years ago. whiskey and cigars!
GOOD VIDEO; EVERYONE NEEDS MORE THAN THEIR BASIC SALARY TO BE FINANCIALLY SECURED, THE BEST THING TO DO WITH YOUR MONEY IS TO INVEST, MONEY LEFT IN SAVINGS ALWAYS END UP USED WITH NO RETURNS,
Ah… The days when Ethereum was proof of work and not proof of stake.. now it's a sinking centralized titanic of absolute disaster
This gives the power back to the people
Anyone in here invested in SDAO?
5:06 Whats ethereum?
ETH was $102 on Dec 4 2018
Rogan invite breedlove
Dr. Goertzel is Rick Sanchez
Shiba to the moon baby
This gentleman did a fantastic job explaining Ethereum 👏🏾
the way he gestured security and encryption at the end registered as circumcision to my brain
China just outlawed Crypto. This got my attention for this space
I would for this guy.
Never heard any of that. Couldn't stop looking at his hat.
Now is the best time to purchase and invest in bitcoin, stop procrastinating.
BITCOIN
Who else invested in Solana
damn im going to get some $agix after watching this
I remember listening to this and then buying 100 ETH's at $83. I also bought the post split equivalent of 250 TSLA at $50 after Elon smoked a blunt and the stock tanked. Needless to say the JRE has been good to me
Is he really a doctor? lol I seriously think I would find him in Pina Coladiville party.
Watch your back squad
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
😂 did you know about it? …you did? 😯
Again here wishing I heard this 3 years ago ….
He’s ahead of the curve. Just wait and see.
Does anyone know that his project is singularityNET? it's producing bulk robots soon, it's like buying bitcoin at 1000$
I love hearing Slash talkin crypto.
Still none the wiser.