This hilarious and enlightening interview with Ethereum co-founder tells us a lot about where blockchain is heading

in cryptocurrency •  last year

Vitalik Buterin had a bad hair day when he was scheduled to be interviewed by Naval Ravikant on the stage of TechCrunch Disrupt earlier this week. The results were both hilarious and enlightening.

No disrespect, but Vitalik looked like a kid who came to show off his model volcano at a high school science fair. I mean, look at this outrageous shirt he wore:


Vitalik's shirt, image source: Etsy

It's a cat wearing Clark Kent glasses and a Roman wreath, riding a unicorn llama under a rainbow while UFOs hover above in the sky. It just screams: ‘professional’...

But make no mistake. On top of his slender, underdeveloped shoulders, between those big ears and under his cowlick hairdo is a mind like no other.

Ethereum explained like you’re five

This interview is a must-watch if you’re still in any way confused about the concepts of blockchain and cryptocurrency, or smart contracts, or what's specific about Ethereum and how all these things relate to each other.

Invest half an hour of your time to watch it and many of these concepts will become as clear as the sky on Vitalik's shirt.

But what kills me is the part when Naval cites Vitalik’s About.me page, where the crypto wunderkind explains how he got into blockchain in the first place. Not even the shirt prepared me for this:

"I happily played World of Warcraft during 2007-2010, but one day Blizzard removed the damage component from my beloved warlock’s Siphon Life spell. I cried myself to sleep, and on that day I realized what horrors centralized services can bring."

I’ve made up my mind: we are living in a glitchy sim

If we are living in a simulation like Elon Musk says we are, then someone needs to alert the guys in charge that it’s starting to glitch.

It's like that Rick & Morty episode where the CPUs rendering the simulation are maxing out and they have to reduce its fidelity.

In whatever reality we’re living in, Dennis Rodman is offering to make peace between his two pals, reality-star-turned-president Donald Trump and North Korean leader Kim Jong Un.

Elon Musk himself is pulling companies out of his sleeve and giving them pun-derful names: a boring company called "Boring Company," really? Yet nobody is questioning his serious intentions.

And then you have 23-year old Vitalik, the former WoW fanatic who co-invented a general-purpose blockchain that can potentially replace money, internet protocols, Wall Street and who knows what else — out of frustration that his WoW character lost some of its powers.

Of course, all this is still some distance in the future. Even Vitalik admits so in the interview.

But what strikes me is how powerful a role pop culture and entertainment—particularly gaming—can play in all these developments.

What we think of as time-wasting is actually the wellspring of technological innovation

You would think that technology and the politics of the day dictate how entertainment evolves (both the medium and the message). But actually, it is a two-way relationship.

When it comes to politics, few people know that Trump’s recently-fired strategy chief Steve Bannon—who was also the chief executive of his election campaign—cut his machiavellian teeth working for IGE, a company that specialized in peddling World of Warcraft virtual goods.

Admittedly, that’s peanuts compared to how gaming shapes technology.

Consider this: the first video games were made by engineers who were fooling around on mainframe computers intended for code-breaking.

A few decades later you already had a gaming industry pushing the development of GPU hardware.

And now that same GPU hardware has been repurposed for cryptocurrency mining—essentially a code-breaking process.

These were breakthroughs in both hardware and blockchain technology, and both were made by former hardcore gamers.

In a roundabout way, this convinces me that gaming will most likely be the first industry to be radically changed by blockchain.

Think about it like this: humans settle for good enough in a lot of practical matters in life. Take smart homes. For 99% of us, turning the light on with a flick of a switch is good enough. So much for IoT.

Money transfers and dealing with banks? Well, PayPal is quite convenient, isn’t it?

But when it comes to fun and entertainment—games in particular—we want more, better, faster, now!

That's why I wrote about GameCredits last week as an example of a cryptocurrency worth examining. I may be looking at this through too narrow of a lens, but I invite you to take a peek through it as well.

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Haha, I also noticed his hair - but I guess someone worth half a billion dollar doesn't give a f*.

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LOL, exactly. I used to know a self-made millionaire. He dressed in craggy clothes but was nevertheless a social butterfly who could make instant friends with anyone, fortune 500 VPs, startup interns... hell, janitors, doesn't matter. In 2015 he had a lecture scheduled during Maker Faire in Rome at La Sapienza. Only one person showed up to listen to him :D. But he still lectured like it was 100 people, gave his all. A little bit later in this, sincere, revealing moment, he explained his secret of dealing with life — "I just don't give a sh*t."

Haha ....Your post was truely inspirational but now every currency is droping so it worth to invest now I am asking this to many people for suggestion

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I don't intend to give investing advice. And to paraphrase Ray Dalio, to succeed in the investment business, you need to bet against the consensus and be right! So you gotta do your own research and make up your own mind. All I can say is that I'm in it for the long run. Not focused on day-trading. Although... I wouldn't mind an upwards trend :) Like I wrote in my previous post, as far as I'm concerned, a dip is not a bad sign but an opportunity.

Good read.... had to share the part about Dennis Rodman and his pals... good observation... thanks!

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Thanks. It cracked me up too when I saw it first :D

Haha! @pamtivek this was an awesome read! I enjoyed the references :'D
Upvoted and resteemed!

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Thanks :D Pickle Riiiiiiick!!!!!

T-shirt is epic!

Very good. Avoided to play WoW because it is reasly hard to stop.