Chapter
The Power of NFTs for Creatives
40:15 - 53:23 (13:08)
The use of NFTs can create a market for people's ideas and creations, as well as enable the exploration of different social constructs. Additionally, having a distributed system can result in a more stable and durable system in the long run.
Clips
The importance of timing and getting technology right from the start is discussed, as well as building infrastructures to fix it over time rather than starting correctly from the beginning.
40:15 - 44:06 (03:51)
Summary
The importance of timing and getting technology right from the start is discussed, as well as building infrastructures to fix it over time rather than starting correctly from the beginning.
ChapterThe Power of NFTs for Creatives
Episode#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
PodcastLex Fridman Podcast
The possibilities for NFTs go far beyond art and can include a market for people's ideas and creations, enabling content creators to be remunerated for their work regardless of location, and allowing for the trading of unique representations quickly and securely.
44:06 - 49:13 (05:07)
Summary
The possibilities for NFTs go far beyond art and can include a market for people's ideas and creations, enabling content creators to be remunerated for their work regardless of location, and allowing for the trading of unique representations quickly and securely.
ChapterThe Power of NFTs for Creatives
Episode#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
PodcastLex Fridman Podcast
A distributed system can result in a much more stable and durable system due to the possibility of corruption and errors.
49:14 - 51:12 (01:58)
Summary
A distributed system can result in a much more stable and durable system due to the possibility of corruption and errors. It can also create a technology barrier to prevent the concentration of power in a society where even simple communication is hard.
ChapterThe Power of NFTs for Creatives
Episode#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
PodcastLex Fridman Podcast
This episode discusses the philosophy behind decentralization in distributed systems, including its benefits in promoting resilience and distribution of power.
51:12 - 53:23 (02:11)
Summary
This episode discusses the philosophy behind decentralization in distributed systems, including its benefits in promoting resilience and distribution of power. The conversation explores the challenges of rethinking how power is organized in very large systems and how centralization can lead to difficulties in overtaking centralized governments.