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Zooko Wilcox. He\\u2019s the creator of Zcash and has more than 20 years of experience in open decentralized systems, cryptography and information security along with startups in general. He\\u2019s recognized for his work in Digicash, Mojonation and many other things that he has worked on. He\\u2019s also the founder of Least Authority. If you\\u2019re following him on Twitter, you\\u2019ll know that he sometimes blog about health science and is very active in Twitter and the crypto space.

Famous Five:

• Favorite Book? \\u2013 Constellation Games
• What CEO do you follow? \\u2013 N/A
• Favorite online tool? \\u2014 Signal
• How many hours of sleep do you get?\\u2014 8
• If you could let your 20-year old self, know one thing, what would it be? \\u2013 \\u201cThat he would start learning by doing than learning from going to school\\u201d

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Time Stamped Show Notes:

• 01:44 \\u2013 Nathan introduces Zooko to the show
• 02:28 \\u2013 Zcash is a cryptocurrency similar to bitcoin
• 02:55 \\u2013 Zcash is like the SSL version of bitcoin
• 03:20 \\u2013 Zooko explains why additional security is needed in the crypto space
• 04:33 \\u2013 Bitcoin is mainly used for payment transactions
• 04:40 \\u2013 Other uses of blockchain is widely proliferating and apply the same technology
  • 05:18 \\u2013 In any transaction, you need to protect not only the identity of the person, but the transaction in the system as well
  • 05:38 \\u2013 In bitcoin, there\\u2019s no identity needed for the bitcoin address but the flow of funds\\u2014where the bitcoin is going may be visible to anyone who\\u2019s in the blockchain
• 06:55 \\u2013 Zooko shares his partnership with JP Morgan for their blockchain security solution
  • 07:00 \\u2013 They had an open, public blockchain which is as global as bitcoin
  • 07:26 \\u2013 The Zcash blockchain has had huge success going around the world
  • 07:50 \\u2013 It was successful because it made it to the top tier of the blockchain system
  • 08:50 \\u2013 Zooko really wanted Zcash currency to be more available globally and they received more users from China
  • 10:00 \\u2013 Yunbi is one of the exchangers in China
  • 10:45 \\u2013 The strategy was to attract users from different places
  • 11:13 \\u2013 Some crypto projects have pre-money and some have ICOs or pre-sale
  • 11:44 \\u2013 The Zcash blockchain started mining, where people can get their own Zcash tokens
  • 12:44 \\u2013 Zooko changed the algorithm for mining coins
• 14:30 \\u2013 Zooko has raised $3M and promised investors that they will get a cut from the mining
  • 15:28 \\u2013 There are transaction fees, but it\\u2019s different from what the investors get from the mining
  • 15:45 \\u2013 It\\u2019s the miners who give the share of the reward over to the founder and they choose to do so
• 16:17 \\u2013 Zcash is still early in the space
• 17:06 \\u2013 The fundraising happened early 2015
• 17:50 \\u2013 Zcash has a unique structure to their system
• 19:35 \\u2013 The Famous Five

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3 Key Points:

1. While blockchain system is known to be secure, it doesn\\u2019t hurt to have additional security features in place with cryptocurrency.
2. ICOs and pre-sales are quite the trend for blockchain companies.
3. You can\\u2019t learn everything from going to school\\u2014learn by DOING.

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Resources Mentioned:

• Simplero \\u2013 The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost.
• The Top Inbox \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
• GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
• Klipfolio \\u2013 Track your business performance across all departments for FREE
• Hotjar \\u2013 Nathan uses Hotjar to track what you\\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
• Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
• Host Gator\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
• Audible\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books

Show Notes provided by Mallard Creatives