Episode 9 – JOE LUBIN, ETHEREUM & CONSENSYS

A live-to-audience interview with Joe Lubin, co-creator of Ethereum, and ‘godfather’ of the smart contract, tracing an arc from his college days at Princeton to founding ‘blockchain venture studio’ ConsenSys.

As Joe makes clear in our conversation, Ethereum is a process – not yet a product. Here’s the roadmap for Ethereum 2.0, which takes a lot of what’s been learned since the network went live in 2016 — and tries to fix its shortcomings.

Here’s a great interview with Vitalik Buterin – the other half of Ethereum’s founding team (Joe spreads the credit around more widely) about cryptoeconomics and more.

The “live” version of the Ethereum white paper, maintained on the Ethereum website – it’s an interesting read. Particularly when you remember that it was drafted by someone who was only eighteen years old at the time.

Huge thanks to both UTS and the City of Sydney’s Visiting Entrepreneur Program for their assistance in making this all happen!

 

Episode 5 – SMART MONEY

Imagine a company with no employees, no managers, no board of directors. Imagine a company that ran as a piece of software guaranteeing a democracy of shareholders.

Distributed Autonomous Organsation, or DAO, promised this to its investors:

dao_voting

It didn’t quite go as planned.

We’ve learned a lot about securing computer programs in the nearly 25 years since Brendan Eich invented Javascript – a language now powering nearly every site on the Web.

We’ve invented ‘sandboxing‘ – your smartphone apps can’t steal data from one another, nor can the websites you visit.

Vitalik Buterin created a cryptocurrency with coding features built into the currency. Ethereum runs millions of programs, each in its own sandbox.

Enabling ‘smart money’ – money that can think for itself – Ethereum has proven among the most useful of all coins – and as a result is now worth more than any cryptocurrency other than Bitcoin.

EtherScripter is an amazing tool that lets you drag-and-drop the design of smart contracts. It draws heavily from the SCRATCH programming language used to teach children as young as 6 years old the essential skills of programming. So EtherScripter is easy to understand – and fun.

Here’s a simple EtherScripter smart contract that performs a coin flip:

Etherscript coin flip

Get your hands dirty with EtherScripter here!

As we learned in our interview with CryptoFlip‘s Max Kenny, there’s a lot more to doing a coin flip well – that is, with truly random results.

The DAO failed because of bugs – and hubris. Smart contract pioneers wanted to run before they’d learned to walk.

This WIRED article explores the failure of the DAO in detail.