Great interview, but really wish the interviewee didn’t have to interrupt and shift the conversation so curtly while Chamath was going on about social business models...
Minute 13. He actually voicevizes his opinion. Maybe we should have a talk with Mark. I think Mark would be a little more accepting of his opinion in the talk but what moves would he actually make.i would love to collaborate with another developer on another social networking app if anyone has a good approach or data structure for the graph
Personal Assets not Personal Accounts.... Banks don't give a billion dollars loan against Personal Account coz people don't carry huge amount in banks.... They give loans against Personal Assets(which include Personal Account also)
Smug interviewer: 16:47 "How many Nigerian Princes have signed up for start-ups?" Chamat: "Well that pejorative comment aside, ..." I knew there was a familiar white Confederate , cheap home-haircut, look to that guy. My instincts serve me well.
Wow.. those 10 last rapid topics deemed over/underrated. Could really use some explanation on blockchain, bitcoin and ethereum imo.. what a shameful way to end the interview :/
There's a big reason why the Bitcoin team is adding smart contracts extremely carefully: one is the amount of state that makes it impossible to verify code. The other is the fact that the current Bitcoin transactions can be cached very efficiently: whenever a Bitcoin transaction is valid, it remains valid. Also gas in Ethereum means that a smart contract can stop any time. Bitcoin smart contract languages that are coming are not turing complete on purpose and make verifyability a key feature. The whole point is that there's a reason why it takes about 5 years for each feature to get into Bitcoin, and it's not because of the incompetence of the developers, but the amount of work on getting the best design _before_ baking a feature inside Bitcoin. Also soft-fork means that Bitcoin is much more decentralized (Ethereum had a last day vulnarability fix before a hard fork, it meant that everybody had to trust the dev team and upgrade even to be able to use their own coins). With soft fork you don't have to upgrade to send your money to somebody else. I'm not trying to convert anybody to Ethereum, I just describe why I love Bitcoin and its dev team so much more than any other crypto. One more thing: Ethereum node runs so slowly that none of the full nodes are fully verifying by default, while the Bitcoin dev team works a lot on making sure that you can run your own full node by default.
Been listening a lot that Bitcoin cant support a fast rate of transactions. Basically its not built for mass scale. Is that true and is any work being done to solve that (if true)?. Thanks
It's true that Bitcoin was not built for lots of transactions, as it's extremely hard to make a system both decentralized and supporting lots of transactions. It's the biggest problem of the system and a lot of extremely smart and not so smart people are working on the solution. It will be solved over time, but people who don't understand how hard the problem is usually aren't that patient.
People don't want to come here? What is he talking about!? And if our economy has one hand tied behind its back, then what's up with the stock market? He seems more ideological than in-touch.
I love Chamath but you’re right that was a completely ideological statement. The Indian and the Chinese markets have been growing rapidly and were during the last administration. People aren’t coming here because they have a lot more opportunities in their own countries than they have had in the last 60 years.
hes talking about coming to the usa stock market... if your a british company, it was a pain in the ass to get into the london exchange, u may want to be in the usa too but its a pain... his buisness model allows you onto the american market without dealung with a bank
16:45 Sorry, Chamath, but that is not a pejorative comment. With Nigerian princes he is referring to one of the most common internet scams known to man kind. It's not racism. You are not helping to any discussion about racism by making this dumb comment.
