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1 quote, 3 ideas & 1 question from each episode

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#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks

Lex Fridman Podcast

1 May 2021

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Owltail Summaries

1 quote, 3 ideas & 1 question from each episode

_________

#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks

1 May 2021

Weekly hand curated podcast episodes for learning

Quote

"The only way to get experience is by doing something. You go, you do it, you fail, you do it again & again & again. Then you have experience"

Ideas

1

In commerce, we currently have vague agreements with below average accountability for contractual agreements. It's often the large institutions such as banks that get to decide and choose what & how to do things, and individuals that have to accept & hope that they deliver upon it.
With decentralized systems, we have a stronger ability to check whether something was executed because of the growth in data available from online transactions, as well as more transparency over the underlying agreement as we have blockchains & smart contract systems where the stored data can't be manipulated.

1

In commerce, we currently have vague agreements with below average accountability for contractual agreements. It's often the large institutions such as banks that get to decide and choose what & how to do things, and individuals that have to accept & hope that they deliver upon it.
With decentralized systems, we have a stronger ability to check whether something was executed because of the growth in data available from online transactions, as well as more transparency over the underlying agreement as we have blockchains & smart contract systems where the stored data can't be manipulated.

2

All systems that house people's values for them, such as banks and social media, currently provide features, at the cost of taking your data and controlling things such as your social media value or financial value.
In the future, all of this will be made available in an autonomous piece of code, that provides all the same features as these current institutions, but gives the user the ability to have control.

The future will be about institutions building interfaces that you can plug your data into, but without controlling and owning all of our data.

2

All systems that house people's values for them, such as banks and social media, currently provide features, at the cost of taking your data and controlling things such as your social media value or financial value.
In the future, all of this will be made available in an autonomous piece of code, that provides all the same features as these current institutions, but gives the user the ability to have control.

The future will be about institutions building interfaces that you can plug your data into, but without controlling and owning all of our data.

3

What younger people should do, shouldn't be limited to 1 specific thing for 1 specific person.
Younger people should do things that they won't be able to do in the later stages of their life.

Whatever in the future that you would regret the most for not doing, is what you should do.

The key is, the time that a person has, diminishes as they have more obligations, but not by a little, by a lot, like 90%.

3

What younger people should do, shouldn't be limited to 1 specific thing for 1 specific person.
Younger people should do things that they won't be able to do in the later stages of their life.

Whatever in the future that you would regret the most for not doing, is what you should do.

The key is, the time that a person has, diminishes as they have more obligations, but not by a little, by a lot, like 90%.

Questions

1

What would you regret not doing when you're 80?

1

What would you regret not doing when you're 80?

What else is in the episode

1

The future with decentralized finance

1

The future with decentralized finance

2

Smart contracts, Bitcoin, Ethereum, etc

2

Smart contracts, Bitcoin, Ethereum, etc

3

Privacy & trust

3

Privacy & trust

Who is Sergey Nazarov?

1

The CEO & founder of blockchain up Chainlink, who's oracle systems - systems that would validate and transmit real-world data to blockchain, making it real world applicable.

1

The CEO & founder of blockchain up Chainlink, who's oracle systems - systems that would validate and transmit real-world data to blockchain, making it real world applicable.

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