Building these protocols is almost like this one scene from the Simpsons. So Mr. Burns gets angry at Springfield and he's like I'm gonna turn the power off for the city, so he and Smithers they go through this elaborate series of doors and hidden passageways and retina scanners and so forth to get to the heart of the power plant so he can turn off the power. So just as he arrives in the heart of the power plant there's this rickety old wooden door that leads to the outside and there's like a dog in the side of the room and he kicks the dog and shuts the door and that's unfortunately where we're at right now in the design of cryptocurrencies. The sticker price is very expensive you have to learn all of these extremely bizarre complicated terms and concepts like public keys and private keys and have to go ahead and download the strange client that's a peer-to-peer and run it on your computer and then you have to be really careful with the way you use it.
This video is an excerpt from 'IOHK | Charles Hoskinson: Third-Generation Blockchains' published under a creative commons licence https://creativecommons.org/ on 11 Jan 2018 by the IOHK YouTube channel https://www.youtube.com/channel/UCBJ0p9aCW-W82TwNM-z3V2w
Music: TeknoAXE's Royalty Free Music: Cavern Starting Area
Charles is a well-known figure in the blockchain space. One of the original founders and the initial CEO at Ethereum, he eventually went on to establish IOHK with Jeremy Wood, another Ethereum veteran.
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About the Creative Commons Licence: One goal of Creative Commons is to increase the amount of openly licensed creativity in “the commons” — the body of work freely available for legal use, sharing, repurposing, and remixing.
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