Hash Power Ep. 1 - Understanding Blockchains

Published: Sept. 26, 2017, 10 a.m.

b'Welcome to the first episode of Hash Power, an audio documentary that explores the world of blockchain and cryptocurrencies with leaders in the field like Naval Ravikant, Olaf Carlson-Wee, Fred Ehrsam, & Ari Paul. Hash Power is meant to be an introduction, but really, it is an invitation to explore this emerging world on your own.\\xa0\\nIn the coming weeks, we will cover the technology, the power of decentralization, bitcoin, Ethereum, ICOs, cryptography and hashing. We will spend time with the leading active hedge fund managers in the field, and with outside investors who are both optimistic and skeptical. Episode one covers the big picture, and answers the question: what is blockchain and why might it significantly affect our world?\\nIf you enjoy what follows, you\\u2019ll still be very early in understanding this field. Most don\\u2019t. So help me spread it like wildfire, because the more people that understand blockchain, the better its impact might become. Please enjoy episode one, and stay tuned next week for episode 2, which explores investing in cryptocurrencies.\\nHash Power is presented by Fidelity Investments\\n\\xa0\\nFor comprehensive show notes on this episode go to http://investorfieldguide.com/hashpower\\nFor more episodes go to InvestorFieldGuide.com/podcast.\\nTo get involved with Project Frontier, head to InvestorFieldGuide.com/frontier.\\nSign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\nFollow Patrick on Twitter at @patrick_oshag\\n\\xa0\\nBooks Referenced\\n The Sovereign Individual: Mastering the Transition to the Information Age\\n Nostalgia for the Absolute\\n\\xa0\\nLinks Referenced\\nBitcoin: A Peer-to-Peer Electronic Cash System\\nReddit User jav_rddt\\nSHA-256 Calculator\\n The BitCoin Model for Crowdfunding\\nFat Protocols\\n#cryptotwitter\\n\\xa0\\nShow Notes\\nCHAPTER 1 \\u2013 Understanding the Concept of Blockchain (3:25)\\n4:30 \\u2013 Jeremiah Lowin explains how blockchain is like a database\\n5:14 \\u2013 Bitcoin: A Peer-to-Peer Electronic Cash System\\n5:46 \\u2013 Owning a digital asset\\n7:14 \\u2013 Naval Ravikant, CEO of Angelist on how blockchains can help to create personal networks and organize humans\\n13:33 \\u2013 New coins popping up around data storage and utility needs like solar panels\\n14:57 \\u2013 Permission vs permissionless networks\\n18:13 \\u2013 Keeping track of scarcity and the introduction of tokens\\n18:51 \\u2013 The Sovereign Individual: Mastering the Transition to the Information Age\\n21:55 \\u2013 The role of blockchains in the informational age and the rise of more individual sovereignty\\n23:29 - Fred Ehrsam, co-founder of Coinbase, on the increasing shift to digital worlds led by incentive structures\\n\\xa0\\nCHAPTER 2 \\u2013 Blockchain Technology (27:48)\\n29:09 - Reddit User jav_rddt\\n30:43 - SHA-256 Calculator\\n31:53 - Charlie Noyes, Pantera Capital, explains how SHA-256 was developed and what make its so special\\n35:48 \\u2013 How miners create new blocks and the incentives to do so\\n46:54 \\u2013 Ethereum, the \\u201cspiritual successor\\u201d to bitcoin\\n48:36 \\u2013 How the Ether network is an ecosystem in which other tokens can sit\\n50:51 - Naval Ravikant on alternative coins or tokens\\n50:50 - The BitCoin Model for Crowdfunding\\n52:35 \\u2013 Fat Protocols\\n53:22 \\u2013 Blockchain as an experiment in distributed government\\n54:47 \\u2013 How cryptocurrency is more than just technology, it\\u2019s a movement\\n54:50 \\u2013 Nostalgia for the Absolute\\n57:27 - #cryptotwitter\\n1:00:58 - Peter Jubber, of Fidelity, on how huge institutions, like theirs, are getting into the cryptocurrency game\\n1:05:21- Olaf Carlson-Wee, first employee at Coinbase and the founder of Polychain, on the early excitement for cryptocurrency\\n1:06:56\\u2013 Closing thoughts from Patrick\\nLooking to work in this space - hashpowerdeveloper@gmail.com\\n\\xa0\\nLearn More\\nFor more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\nSign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\nFollow Patrick on twitter at @patrick_oshag'