This episode carries Neha Narula's own address, with nobody on the show putting
questions to them. It still counts as said, and it is kept out of every score on their page.
Neha Narula, Director of the Digital Currency Initiative at MIT Media Lab, explains the historical breakthrough of Satoshi Nakamoto's Bitcoin whitepaper.
“It took me a little while to realize this, but this was actually the first time that this had ever happened. This was the first time we could make online digital payments without a bank or another financial institution in the middle.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Neha Narula
Opinion
Narula: Permissioned blockchains are more decentralized than ICO projects
“I put permission blockchains as being more decentralized than these so-called ICOs we're seeing, or initial coin offerings. Because quite frankly, if you can do an initial coin offering, if you can raise money, that means that there's an organization behind wh…”
Neha NarulaAug 29, 2019▶ 17:51The Architecture of Crypto Innovation
Insight
Narula: Blockchains are anchors of trust, not databases; minimize on-chain data
“They're not a system for data storage. They're not a database. They're a piece of a puzzle, an anchor of trust. And so I think the real way we should be using blockchains is we should put as little on them as possible.”
Neha NarulaAug 29, 2019▶ 26:13The Architecture of Crypto Innovation
Insight
Narula: Simple metrics for measuring decentralization can be easily gamed
“Simple mechanisms for trying to define it and trying to use it as a measure could pretty easily be gamed.”
Neha NarulaAug 29, 2019▶ 14:39The Architecture of Crypto Innovation
“I think in this industry in particular, a regulatory moat too early could really stifle competition. We could end up with a few small, large exchanges which have a tremendous amount of control.”
Neha NarulaAug 29, 2019▶ 21:30The Architecture of Crypto Innovation
AssertionPartly supported
Narula: Bitcoin has operated reliably for 10 years without protocol compromise
“So proof of work has been, though it consumes a lot of electricity, it requires a lot of electricity to run the specialized hardware, has been working pretty reliably for 10 years. It's very impressive, actually. A lot of people never thought that it would wor…”
Neha NarulaAug 29, 2019▶ 10:40The Architecture of Crypto Innovation
Insight
Narula: Delegated Proof-of-Stake gains performance by increasing coercion risk
“Because there's a smaller number of people engaging in the protocol, you can get higher transaction throughput. You can get better performance. However, there's also a smaller number of people participating in the protocol, meaning it might be easier to coerce…”
Neha NarulaAug 29, 2019▶ 12:47The Architecture of Crypto Innovation
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