The Challenges of Disrupting the System with Blockchain
July 13th, 2020 · 1 hr 1 min
About this Episode
This week we talk to the Parity's head of security Kirill Pimenov about the shortcomings and potential of blockchain, open-source software and DLT.
Joe Petrowski (Research Analyst, Parity Technologies) speaks with Kirill Pimenov, head of security at Parity Technologies. The disruptive nature of blockchain has attracted many great minds from many backgrounds, and Kirill Pimenov's wealth of experience and knowledge clears up some of the hype and promises of blockchain regarding its relationship to power, raising capital, and freedom.
The Moral Character of Cryptographic Work - Phillip Rogaway
Banana Split - Shamir Secret Sharing for people with friends
01:40 - Mining a Bitcoin block in 2010
03:02 - The ethics of open source
04:15 - Kirill's introduction to programming
10:05 - Blockchain as the field where money meets engineering
13:25 - The Silicon Valley version of the American Dream
15:30 - Blockchain is the first non-military application which pays people enough
16:45 - "The thing you're supposed to decentralize is power"
23:06 - What underlying principle led to the internet to being this way?
27:01 - How can users have a say in the way systems work?
32:07 - If you optimize for profit, you get immoral, profit-maximizing machines
36:52 - Can a decentralized system be corrupted?
43:05 - DLT and blockchain is short-sighted right now
50:12 - We haven't figured out how to beat the current financial system yet
52:18 - We can never build a fair system without humans in the loop
57:10 - Who are your role models?