LetsTalkBitcoin Episode 10 - A Brave New World

8/13/2019 LetsTalkBitcoin Episode 10 - A Brave New World

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Episode 10 A Brave New World

Participants:

Adam B. Levine (AL) Host

Andreas . Antonopolo!s (A.A.) "o#$ost

%tep$an& !rp$& (%) "o#$ost

Andreas Petersson (AP) # 'itcoin!pdate.com

!stice () Listener w$o 'riel& appears at *+,:-0

AL

Hello ever&'od& Adam B. Levine $ere. / want to welcome &o!

to t$is special episode o LetsalBitcoin. 2ecorded at t$e ver&

end oc t$e conerence %tep$anie !rp$& and / were 3oined or

t$is late ni4$t ro!nd!p '& Andreas Petersson o

Bitcoin5pdate.com. /n t$is episode we disc!ss o!r avorite

t$in4s o!r t$o!4$ts o!r views and o!r $opes. / $ope t$at &o!

en3o& t$is episode as m!c$ as we en3o&ed main4 it.

%

6otta $ave t$e $at w$en &o! wrap !p t$e part&.

AL

Well /7m tr&in4 to create t$is anac$ronistic vi'e w$ere /7ve 4ot

t$e s!spenders 4oin4 on and /7ve 4ot t$e.. / alwa&s wear

s!spenders a4ain / $ave t$is idea t$at 3o!rnalism is t$is dead

art rom a past a4e and i &o! can replicate t$e vi'e &o! can'rin4 it 'ac.


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%

8o! do and &o!7ve 4ot &o!r 'ad4e on &o!r s$irt 3!st lie an old

sc$ool. 8o! loo lie &o! stepped o!t o t$e 1907s.

AP

8ea$ it7s cra;&. /t7s 4reat.

AL

Here we 4o one last time.

AP

/7ll 'e $onest a'o!t it. /t7s oa& i &o! are tired.

%

/s Andreas Antonopolo!s comin4cept 6oo4le does now

all &o!r data. %o t$ere7s t$at part. B!t t$e ot$er part is &o!

$ave to 'e &o!rsel ri4$t< %o lie &o!7re %tep$anie !rp$& no

matter w$at it is not matter w$ic$ circle &o!7re talin4 to it7s

3!st t$at dierent circles see iderent aspects o &o!. W$ereaswit$ t$is &o! can act!all& maintain m!ltiple identities and !se

application speciic identities in certain scenarios t$at are

advanta4eo!s so &o! can $ave one t$at7s a real name

associated wit$ it t$at is &o!r real name and it $as &o!r medical

records in it. %o &o! 4o to t$e doctor and instead o t$em

$avin4 &o!r medical records or t$e rest o &o!r lie instead &o!

can sa& oa& well $ere are medical records and &o! can $ave

t$em or da&s and t$en ater t$at t$e&7re no lon4er reall&

relevant to &o!.

AP

%o i &o! are !sin4 t$is as a tool / 4!ess t$at7s ind o missin4

t$e point 'eca!se i &o!7re !sin4 one tool to mana4e all t$se

identities t$at are still lined p$&sicall& 'eca!se t$e& are on onemac$ine to4et$er.


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AL

Well no act!all& / mean. We7re 4onna $ave o$n on t$e s$ow

prett& !ic. He7s act!all& local to me. He7s onl& a'o!t +0

miles awa& rom w$ere / record. /7m s!re $e can 4o into it in

more detail t$an / can. And now /7ve or4otten w$& &o!7ve

act!all& ased me.

AP

8ea$ so i &o!7re !sin4 all o t$ese identities rom one partic!larpro4ram t$e&7re ac!tall& p$&sicall& lind to &o!r comp!ter at

t$e same time so t$e&7re not lie encr&pted seperate...

AL

$e& are encr&pted ever&t$in4 is encr&pted. And w$at

$appens is t$at essentiall& &o!7ve 4ot all o &o!r data storedencr&pted on &o!r mac$ine and t$ere7s a 'ac!p t$at lives in

t$e clo!d. And t$at 'ac!p s&nc$roni;es wit$ ever&t$in4 else.

%o it7s lie w$en &o! wor wit$ 6oo4le lie / do a lot o t$in4s

wit$ 6oo4le Crive. And w$en / wor wit$ t$at it sta&s in t$e

clo!d. /t starts in t$e clo!d / '!ild it in t$e clo!d it sta&s in t$e

clo!d. And t$en / can access it. %o / do7nt act!all& $ave a local

cop& most o t$e time. W$ereas wit$ t$is &o! do $ave a local

cop&. %o an&wa&s t$at was ind o one o t$e interestin4 t$in4st$at came o!t o t$is. Andreas w$at was &o!r avorite t$in4 at

t$e conerence.

AP

$e t$in4 t$at / was t$e most impressed wit$ was t$e amo!nt o

new innovation 4oin4 on. %o ri4$t 'eore t$e conerence / was

reall& p!mped and said wow. /7m so e>cited. /7m looin4


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orward to t$is and t$is and t$is pro3ect. %o especiall& t$e... /

lie most act!all& Llama %o!p B". $e 'itcoin A. / t$in

t$e& $ave a real practical sol!tion to all t$ese inds o

pro'lems.

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/ now t$ose 4!&s. $e& live near me in New Hamps$ire.

AP

/ t$in t$e& $ave a reall& convincin4 stor& to 'rin4 t$is to t$e

maret. = co!rse on t$e tec$nical side or me practicall& t$is

was t$e onl& tal / attended. /t was a'o!t HC wallets

$ierac$ical deterministic wallets. $is is 4oin4 to mae 'itcoin

real& more !sea'le once t$is is implemented in t$e wallet

sotware so /7m looin4 orward to t$at. =$ so HC Wallets

p$&sicall& means t$at &o! don7t $ave to 'ac!p &o!r wallet

ever& time t$at &o! send a transaction. Beca!se ri4$t now i&o!7re !sin4 'itcoin D t$e wa& it wors is &o! $ave a e& pool

and i &o!r e& pool 4ets depleted i &o! do a lot o transactions

so t$at &o!r pacet 4ets invalid 'eca!se &o!r new e&s are no

lon4er in t$is 'ac!p an&more.

AL

%o w$at &o!7re 'asicall& sa&in4 is t$at i / !se @0 let7s sa& t$e

'!er is @0. =a& so t$e '!er is @0.

AP

B!er is 100.

AL


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B!er is 100 oa&. %o i t$e '!er is 100 i &o!7re sa&in4 t$at

'etween t$e time t$at / 'ac!p m& wallet. / / t$en 4enerate

100 more addresses t$en ater t$at point t$ose are no lon4er

act!all& recovera'le !nless &o! reres$ t$e 'ac!p.

AP

8ea$ &o! $ave to 'e aware t$at &o! are also 4eneratin4

addresses w$en sendin4 mone& and receivin4 mone& 'eca!se

&o! $ave to 4enerate t$e c$an4e adresses.

AL

%o it7s transactions almost.

AP

8ea$ it7s transactions.

AL

=$ reall& so t$en t$ere7s onl& a '!er o 100 transactions

'etween 'ac!ps.

AP

8ea$ 'ac and ort$ act!all& 'eca!se &o!7re 4eneratin4 new

adresses w$en &o!7re receivin4 somet$in4 i &o! are activel&

doin4 t$at '!t &o! are a!tomaticall& 4eneratin4 new addresses

w$en &o! are receivin4 c$an4e.

AL


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Well / t$in / need to reres$ m& 'ac!p.

AP

8ea$ A'sol!tel&. A'sol!tel&. %o BitcoinD reall& needs re4!lar

'ac!ps act!all&. All t$e time. %o HCWallets once t$at7s

implemented &o! can 'ac !p 3!st one seed and t$e wa& it

wors is it 4enerates new p!'lic e&s and new private e&s and

it can act!all& do anc& trics lie creatin4 a new seed rom t$e

master seed t$at is let7s sa& rom one part o a compan&. And

eac$ department can !se its own private seed. And t$e "E= o

t$e compan& can !se t$e master seed to spend all department!nds at once. =r somet$in4 lie t$at. %o &o! can ima4ine..

AL

W$at does t$e HC stand orample wit$o!t an& tro!'le on t$is remote

mac$ine t$at7s not ver& sec!re. 8o!7re receivin4 t$e mone& and

spendin4 rom &o!r paper 'ac!p w$atever &o! need. And

t$e Peter W$eeler t$e core developer is worin4 on t$at. And a

lot o pro4rams $ardware vendors also and $ope!ll& also t$e

'itcoin card will pic t$at !p and !se it. $at7s not a promise

'!t / $ope.


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AL

Lie / said we7re talin4 ver& late at ni4$t so tae ever&t$in4 at

ace val!e $ere. %o %tep$anie &o!7re $ere wit$ 3!st a ton o

dierent pro3ects and &o!7ve 'een 4eneratin4 incredi'lecontent and so &o! said &o! did -0 interviews. W$o do &o!

t$in was &o!r avorite interview< / now it7s lie asin4 to pic

&o!r c$ildren wit$ t$e people $ere. =a& let7s 3!st do a top -.

%

8ea$ oa&. Well 6avin. / taled to 6avin t$at was reall& cool. /

sort o $ad an in 'eca!se / new $iim 'eca!se $e was riends...

&o! now $e... /7m involved wit$ t$is radio s$ow ?reealLive

we act!all& 'roadcasted toni4$t $ere rom t$e conerence and

/an and ar t$e main $osts o ?reealLive $ad met 6avin 'ac

in 010 or somet$in4 lie t$at and tal a'o!t 'itcoins and /

t$in $e prett& m!c$ lie convinced t$em to 4et on 'oard. %o /

ind o new $im t$at wa& and $e also lives in t$e town w$ere /

went to colle4e. %o we inda taled a'o!t t$at st! a little 'it

'!t we also taled a'o!t a lot o t$eir st! and $e said $e7s lie

mostl& a li'ertarian adn t$at7s cool. / alwa&s lie it w$en / 4et

people to admit t$at $te&7re li'ertarians. Beca!se / am.

AP

/ t$in on t$e 'itcoin conerence &o! ind o $ave to sa& t$at

'eca!se / 4ot in some $eav& disc!ssions 'eca!se... / wo!ld notsa& /7m t$is la'el or t$at la'el. B!t /7m certainl& not strai4$t o!t

li'ertarian.

AL

We act!all& taleda 'o!t t$is on ?reealLive w$en / was on or

m& 'riie period o time.


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/7m not reerrin4 to t$e li'ertarian part& or an& poitical part& or

an&t$in4 lie t$at. !st some'od& w$o val!es $!man reedom

'asciall&.

AL

8ea$ t$e la'els do 4et con!sin4.

AP

8ea$ / t$in la'els are dan4ero!s. La'els p!t &o! into corners

and limit &o! in &o!r ima4ination.

%

8ea$ '!t w$at do &o! call &o!rsel to s!ccinctl& descri'e &o!r

viewscitin4.

$e ot$er t$in4 t$at 3!mped o!t to me is t$at it was so m!c$

less a'o!t t$e tals and so m!c$ more a'o!t t$e attendees.

Nearl& ever& sin4le person t$at / taled to and reall& towardst$e end o it/ realised t$at / was missin4 o!t '& not introd!cin4


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AL

8ea$ / did.

AP

/ t$in &o!r podcast was wa& overd!e. ='vio!sl& 'eca!se om& accent / won7t do an En4lis$ podcast all t$e time. We were

ased m!ltiple times Gswitc$ to En4lis$ 8o! will 4et s!c$ an

a!dience $ere is no En4lis$ podcast w$at7s 4oin4 onperiences t$at / $ad $ere was 'ein4 a'le to meet all t$ese

people w$o /7ve 'een readin4 t$eir st! or &ears and / $ave

no idea w$at t$e& loo lie / otentimes didn7t now t$eir real

name '!t witter was s!c$ a tool or i4!rin4 o!t w$o people

were coordinatin4 wit$ t$at and t$en sc$ed!lin4 t$e meet!p. /

4ot to meet one o m& personal $eroes ere& Pa!l w$o 4oes

'& %nea online $e7s t$e 4!& w$o did a tal at """ 'ac in

010 / t$in it was#

%W$at7s """tent t$e& are. Lie / said in t$e 'e4innin4 o

t$is w$en &o! t$row &o!rsel entirel& into somet$in4 and &o!

mae it all t$at &o! are it7s $ard 'eca!se &o! can eel alone.

And w$at t$is s$owed !s is t$at t$ere7s at least 00 o t$e 1000

attendees $ere w$o are doin4 e>actl& t$e same t$in4 and wit$

so man& people !ittin4 t$eir 3o's and oc!sin4 all o t$eir

creative eort and all o t$eir time onto t$ese properties and

pro3ects / don7t now w$at7s 4onna $appen '!t it7s 4onna 'e

ama;in4.

AP

/ t$in we will see a world wit$ new services and t$at7s 4reatt$at7s evol!tion. /nd!strial revol!tion +.0 or somet$in4.

AL

%o t$at7s a'o!t all t$e time we $ave or toni4$t. We7re 4oin4 on

eleven o7 cloc and / certainl& $ave to 4et to 'ed. And / now

t$at %tep$anie7s pro'a'l& still on New Hamps$ire time so#

%

/7m on West "oast ime even w$en /7m on t$e east coast. / sta&!p late.

AL

Have &o! ad3!sted &et Andreast time.
mailto:[email protected]://www.letstalkbitcoin.com/mailto:[email protected]://www.letstalkbitcoin.com/


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LetsTalkBitcoin Episode 10 - A Brave New World