Introduction 0:00
Haseeb’s background 0:22
Vitalik’s background 2:43
A blockchain you can build any app on top of 7:02
Eth trades efficiency for transparency 10:18
Like plain text, Eth is simple and efficient 12:41
Only high-value transactions can afford the blockchain 13:08
Doing away with ‘trusted’ third parties 14:09
Trading performance for security 14:43
‘Impregnable castles made of math’ 16:23
Ethereum’s limitations are latency and privacy 16:56
There are ways to get back your privacy 19:32
Can Eth provide a high level of decentralization and a high level of scaling at the same time? 20:39
Sharding leads to more centralization 21:49
Verifiability at the expense of scaling 24:00
How much decentralization is the right amount? 25:11
What happens when subsidies to join nodes disappear? 27:07
Stateless clients make it possible to verify the chain with very little on your hard drive 28:18
Staking culture is difficult to cultivate 28:52
New blockchain players tend to go for minimum viable decentralization 29:54
People don’t value privacy until somebody goes to jail over it 30:32
Eth is ‘simple at the base’ 31:12
Social recovery wallets make it easier to be your own bank 31:44
Block space is getting expensive 32:41
There’s not a lot of innovation on Bitcoin, by design 33:35
Blockchain’s ‘free-rider effect’ 34:57
Innovation is slowest at Layer 1 35:34
Layer 2 moves faster because it’s permissionless 36:59
What if we froze Layer 1 today? 37:25
Data for computation trade-off 38:57
Benchmarking blockchains apples-to-apples 40:02
Enshrining decentralization 41:43
Tensions between scaling and preserving value 42:27
There will be multiple stores of value 43:54
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Transcript http://nav.al/vitalik
The Foundations Are Math and Logic
Read What You Love Until You Love to Read
Learn to Sell, Learn to Build
Specific Knowledge Is Highly Creative or Technical
Arm Yourself With Specific Knowledge
Partner With Rational Optimists
Pick Partners With Intelligence, Energy and Integrity
Play Long-term Games With Long-term People
The Internet Has Massively Broadened Career Possibilities
Give Society What It Doesn't Know How to Get
Live Below Your Means for Freedom
You Won't Get Rich Renting Out Your Time
Make Luck Your Destiny
Making Money Isn't About Luck
Free Markets Are Intrinsic to Humans
Make Abundance for the World
Seek Wealth, Not Money or Status
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