Fred Ehrsam

Welcome to the first episode of Hash Power, an audio documentary that explores the world of blockchain and cryptocurrencies with leaders in the field like Naval Ravikant, Olaf Carlson-Wee, Fred Ehrsam, & Ari Paul. Hash Power is meant to be an introduction, but really, it is an invitation to explore this emerging world on your own. In the coming weeks, we will cover the technology, the power of decentralization, bitcoin, Ethereum, ICOs, cryptography and hashing. We will spend time with the leading active hedge fund managers in the field, and with outside investors who are both optimistic and skeptical. Episode one covers the big picture, and answers the question: what is blockchain and why might it significantly affect our world?If you enjoy what follows, you’ll still be very early in understanding this field. Most don’t. So help me spread it like wildfire, because the more people that understand blockchain, the better its impact might become. Please enjoy episode one, and stay tuned next week for episode 2, which explores investing in cryptocurrencies.Hash Power is presented by Fidelity Investments For comprehensive show notes on this episode go to http://investorfieldguide.com/hashpowerFor more episodes go to InvestorFieldGuide.com/podcast.To get involved with Project Frontier, head to InvestorFieldGuide.com/frontier.Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.Follow Patrick on Twitter at @patrick_oshag Books Referenced The Sovereign Individual: Mastering the Transition to the Information Age Nostalgia for the Absolute Links ReferencedBitcoin: A Peer-to-Peer Electronic Cash SystemReddit User jav_rddtSHA-256 Calculator The BitCoin Model for CrowdfundingFat Protocols#cryptotwitter Show NotesCHAPTER 1 – Understanding the Concept of Blockchain (3:25)4:30 – Jeremiah Lowin explains how blockchain is like a database5:14 – Bitcoin: A Peer-to-Peer Electronic Cash System5:46 – Owning a digital asset7:14 – Naval Ravikant, CEO of Angelist on how blockchains can help to create personal networks and organize humans13:33 – New coins popping up around data storage and utility needs like solar panels14:57 – Permission vs permissionless networks18:13 – Keeping track of scarcity and the introduction of tokens18:51 – The Sovereign Individual: Mastering the Transition to the Information Age21:55 – The role of blockchains in the informational age and the rise of more individual sovereignty23:29 - Fred Ehrsam, co-founder of Coinbase, on the increasing shift to digital worlds led by incentive structures CHAPTER 2 – Blockchain Technology (27:48)29:09 - Reddit User jav_rddt30:43 - SHA-256 Calculator31:53 - Charlie Noyes, Pantera Capital, explains how SHA-256 was developed and what make its so special35:48 – How miners create new blocks and the incentives to do so46:54 – Ethereum, the “spiritual successor” to bitcoin48:36 – How the Ether network is an ecosystem in which other tokens can sit50:51 - Naval Ravikant on alternative coins or tokens50:50 - The BitCoin Model for Crowdfunding52:35 – Fat Protocols53:22 – Blockchain as an experiment in distributed government54:47 – How cryptocurrency is more than just technology, it’s a movement54:50 – Nostalgia for the Absolute57:27 - #cryptotwitter1:00:58 - Peter Jubber, of Fidelity, on how huge institutions, like theirs, are getting into the cryptocurrency game1:05:21- Olaf Carlson-Wee, first employee at Coinbase and the founder of Polychain, on the early excitement for cryptocurrency1:06:56– Closing thoughts from PatrickLooking to work in this space - hashpowerdeveloper@gmail.com Learn MoreFor more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclubFollow Patrick on twitter at @patrick_oshag

Today we are re-sharing our Hash Power documentary. This series was originally released in September 2017 when 1 Bitcoin hovered around $4000 US Dollars. While so much has changed in the years since - these episodes are a great introduction into the technology, the power of decentralization, Bitcoin, Ethereum, ICO's, cryptography, and hashing. You will hear from a variety of industry experts throughout these episodes - please enjoy.   For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.   ----   Original Intro (09.26.17)   Welcome to the first episode of Hash Power, an audio documentary that explores the world of blockchain and cryptocurrencies with leaders in the field like Naval Ravikant, Olaf Carlson-Wee, Fred Ehrsam, & Ari Paul. Hash Power is meant to be an introduction, but really, it is an invitation to explore this emerging world on your own.    We will cover the technology, the power of decentralization, bitcoin, Ethereum, ICOs, cryptography and hashing. We will spend time with the leading active hedge fund managers in the field, and with outside investors who are both optimistic and skeptical. Episode one covers the big picture, and answers the question: what is blockchain and why might it significantly affect our world?   -----   Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @Web3Breakdowns | @patrick_oshag | @JoinColossus   Show Notes: [00:03:25] – CHAPTER 1 – Understanding the Concept of Blockchain [00:04:30] – Jeremiah Lowin explains how blockchain is like a database [00:05:46] – Owning a digital asset [00:07:14] – Naval Ravikant, CEO of Angelist on how blockchains can help to create personal networks and organize humans [00:11:01] – How blockchains represent a way to coordinate global activity through tokens [00:13:33] – New coins popping up around data storage and utility needs like solar panels [00:14:57] – Permission vs permissionless networks [00:16:37] – Protocols and the introduction of scarcity [00:18:13] – Keeping track of scarcity and the introduction of tokens [00:18:49] – Societal structures and how blockchains will change them again [00:21:55] – The role of blockchains in the informational age and the rise of more individual sovereignty [00:23:29] – Fred Ehrsam, co-founder of Coinbase, on the increasing shift to digital worlds led by incentive structures [00:27:48] – CHAPTER 2 – Blockchain Technology [00:31:53] – Charlie Noyes, Pantera Capital, explains how SHA-256 was developed and what makes it so special [00:35:48] – How miners create new blocks and the incentives to do so [00:40:22] – The nonce field [00:43:48] – The incentives that exist for miners and the arms race to build more powerful systems to mine [00:45:20] – The development of mining pools [00:46:54] – Ethereum, the “spiritual successor” to bitcoin [00:48:36] – How the Ether network is an ecosystem in which other tokens can sit [00:50:51] – Naval Ravikant on alternative coins or tokens [00:51:37] – How the protocol creators are the ones getting wealthy [00:52:43] – Blockchain as an experiment in distributed government [00:54:10] – How cryptocurrency is more than just technology, it’s a movement [01:00:07] – Peter Jubber, of Fidelity, on how huge institutions, like theirs, are getting into the cryptocurrency game [01:03:34] – The notion of cooperation in an open-source project or protocol [01:04:39] – Olaf Carlson-Wee, the first employee at Coinbase and the founder of Polychain, on the early excitement for cryptocurrency Learn more about your ad choices. Visit megaphone.fm/adchoices

Vitalik Buterin, the visionary behind Ethereum, and Fred Ehrsam, co-founder of Coinbase, dive into the transformative power of blockchain technology. They discuss how Ethereum moves beyond Bitcoin's limitations, enabling decentralized applications and innovative crowdfunding models. The conversation touches on the contrasting philosophies of the two platforms, the rise of decentralized protocols, and the future of crypto. With a nod to historical tech evolution, they explore what the next decade might hold for both Ethereum and Bitcoin.