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#504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)

The Tim Ferriss Show

CHAPTER

Is There Redundancy in Cryptocurrencies?

Navarre: cryptocurrencies are inherently designed to be Sovereign resistant, right? They're they're designed to be stateless. And so the geographic redundancy is one aspect of it and some countries try to ban it like I think off of the for a while people think China tried to ban it and that sort of failed. Right now India's talking about banning it and that will end in tears, right? That's not going go. Well when you leave your country out of the Innovation and next ten years, so hopefully they don't do that. But there's also redundancy in terms of design for example going to proof of stake is a different kind of redundancy than being just all proof of work.

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