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#244: The Quiet Master of Cryptocurrency -- Nick Szabo

The Tim Ferriss Show

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What Are the New Protocols for Cryptocurrencies?

A protocol is a standard for how computers exchange information. In the internet, these protocols are t c p, i, phd, t p, s m t p. Every time your email gets sent from one server to another, it's using this simple male transfer protocol. The assumption that was made in the early days of the internet was that, well, benwith is cheap. These free protocols are our becoming poor assumptions. If i say, tam, i want to give you ten dollars, that has to be scarce in some way. So we need a concept of protocols that underlie scarce resources,. And what's going on is crypto currencies and block chains - they're now being

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