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“The Federal Reserve System is fraudulent. Whatever its stated purpose, its effective purpose is to create a mechanism of deficit spending by politicians, through the insidious invisible taxation of monetary debasement (aka inflation).
We sign many different types of contracts throughout our lives. We sign a mortgage to get a loan for a house. When we go to the hospital, we sign a piece of paper that defines how our medical data can be shared between organizations.
Ethereum is a system for running decentralized smart contracts. In the current implementation of Ethereum, every smart contract gets deployed to every full node. Whenever a user wants to call a smart contract,
Soumya Basu is a PhD student at Cornell, where he studies distributed systems problems associated with cryptocurrencies. Soumya is advised by Emin Gun Sirer, a Cornell professor who previously appeared on the show to discuss smart contract security.
Consensus protocols are used to allow computers to work together. A consensus protocol lets different servers agree on the state of a system. For decades, these protocols have been used to establish consensus among database nodes, application servers,
The DAO was a system of smart contracts on the Ethereum blockchain that investors put millions of dollars into. Back in May 2016, it was the largest crowdfunding event in history, and we discussed it in detail in a previous episode with Matt Leising.
Data streams about the weather can be used to predict how soybean futures are going to change in price. Satellite data streams can take pictures of the number of cars on the road, and judge how traffic patterns are changing.
To use a web application, you probably open a web browser or a mobile app. To access an Ethereum application, many people use an Ethereum browser. In previous episodes, we explored Metamask and Mist, which are Ethereum browsers for the desktop.
Anthony Diiorio was involved with Ethereum since the earliest days. He was one of the first people to see the Ethereum ideas presented by Vitalik Buterin, and he invested deeply in Ethereum–both financially and by helping to establish the early Ethereu...
A financial exchange is an operationally intensive business. You have customers making a high volume of transactions, your service has to be low latency and highly available, and you are dealing with a lot of money.