Chapter
The Importance of FAT Protocols
37:51 - 41:58 (04:07)
The concept of FAT protocols, which exchange and keep scarce value within the protocol, is important for ensuring accurate allocation of scarce resources, especially in the case of exchanging money in a democratized data ecosystem like Bitcoin.
Clips
Scarce resource protocols are crucial for properly allocating and exchanging value, especially in cases such as exchanging money where poor assumptions can lead to denial of service attacks.
37:51 - 39:29 (01:38)
Scarce Resources
Summary
Scarce resource protocols are crucial for properly allocating and exchanging value, especially in cases such as exchanging money where poor assumptions can lead to denial of service attacks.
ChapterThe Importance of FAT Protocols
Episode#244: The Quiet Master of Cryptocurrency -- Nick Szabo
PodcastThe Tim Ferriss Show
The democratized data built into the protocol of blockchain and the value of these necessary protocols, as well as multi-billion dollar companies being built on top of them, including the use of the crypto hash to prove that a transaction came from a particular individual.
39:29 - 41:58 (02:29)
Blockchain
Summary
The democratized data built into the protocol of blockchain and the value of these necessary protocols, as well as multi-billion dollar companies being built on top of them, including the use of the crypto hash to prove that a transaction came from a particular individual.