Lex Fridman Podcast #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks
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May 1, 2021 In this discussion, Sergey Nazarov, co-founder of Chainlink, dives deep into the revolutionary impact of decentralized oracle networks on smart contracts. He shares insights on the evolution of truth in the digital age and the profound philosophical dilemmas of living in a digital versus physical world. Nazarov emphasizes how smart contracts can empower emerging markets through enhanced transparency and reliability. The interplay between AI and smart contracts is also explored, showcasing a future where technology elevates trust and collaboration in transactions.
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Digital vs. Physical Reality
- The "simulation argument" stems from philosophical papers and inspired The Matrix.
- It explores our intuitive connection to reality and whether a perfect simulation would matter.
Definitive Truth
- Definitive truth exists on a spectrum between objective truth and subjective claims.
- In commerce, it arises from pre-agreed conditions, like sensor consensus, improving upon unilateral decisions.
Decentralized Finance (DeFi)
- Decentralized finance (DeFi) offers transparency, control, and often better yields than traditional finance.
- It empowers users by putting them in control of their assets and providing clarity about risks.
