Bankless

49 - Moon Math: The Bull Case for Cryptography | Justin Drake

14 snips
Jan 25, 2021
Guest
Justin Drake
In this engaging discussion, Justin Drake, a researcher at the Ethereum Foundation, dives into the transformative power of cryptography for blockchain technology. He highlights how innovative tools like SNARKs and fully-homomorphic encryption can revolutionize Ethereum’s capabilities. The conversation also touches upon the dual nature of cryptocurrency as a movement and technological innovation. Additionally, Justin explores the looming quantum computing threat and its impact on Bitcoin and Ethereum, emphasizing the urgent need for post-quantum cryptographic solutions.
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INSIGHT

Crypto's Untapped Potential

  • Cryptography, combined with game theory and incentives, forms the strong foundation of the crypto space.
  • There's massive room for growth in cryptography, promising a future beyond our current primitive tools.
INSIGHT

The Role of Crypto Economics

  • Cryptography is a powerful tool, but economics acts as the mortar, binding cryptographic bricks into a functional system.
  • Bitcoin's success marks the birth of crypto economics, breathing life into cryptographic tools.
INSIGHT

Blending Cryptography and Economics

  • Cryptography aims to replace trusted third parties with code, but faces limitations.
  • Combining economic assurances, like the 51% assumption, with cryptography overcomes these limitations.
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