Episode
#192 – Charles Hoskinson: Cardano
Description
Charles Hoskinson is the founder of Cardano, co-founder of Ethereum, a mathematician, and a farmer. Please support this podcast by checking out our sponsors: - Gala Games: https://gala.games/lex - Allform: https://allform.com/lex to get 20% off - Indeed: https://indeed.com/lex to get $75 credit - ExpressVPN: https://expressvpn.com/lexpod and use code LexPod to get 3 months free - Eight Sleep: https://www.eightsleep.com/lex and use code LEX to get special savings EPISODE LINKS: Charles's Twitter: https://twitter.com/IOHK_Charles Charles's YouTube: https://www.youtube.com/user/charleshoskinson Cardano Website: https://cardano.org/ IOHK Website: https://iohk.io/ PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: - Check out the sponsors above, it's the best way to support this podcast - Support on Patreon: https://www.patreon.com/lexfridman - Twitter: https://twitter.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/lexfridman - Medium: https://medium.com/@lexfridman OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) - Introduction (09:12) - What programming language is the simulation written in? (14:17) - Favorite philosophers (23:18) - Theory vs engineering in cryptocurrency (34:27) - What programming languages should everyone learn (42:42) - Haskell and beyond (46:26) - Plutus: Cardano's smart contract platform based on Haskell (50:53) - What is a blockchain? (55:05) - Hybrid smart contracts (1:00:55) - Proof of work vs proof of stake (1:09:42) - Cardano's proof of stake consensus algorithm (1:20:14) - What is Cardano? (1:28:55) - Cardano vs Ethereum vs Bitcoin (1:38:50) - The problem with Bitcoin (1:48:24) - Bitcoin Conference (1:52:05) - Ergo and Alex Chepurnoy (1:59:15) - Cardano's Extended UTXO Model (2:06:27) - Chainlink and Oracle Networks (2:13:40) - Cardano and Wolfram Alpha (2:18:35) - The future of video games (2:27:10) - Smart contracts timeline for Cardano (2:34:40) - Decentralized exchanges (2:40:21) - Jack Dorsey and Bitcoin (2:46:33) - Elon Musk and Tesla: Cardano, Ethereum, Bitcoin (2:49:50) - Dogecoin and Elon Musk (3:01:11) - Hydra vs Lightning Network (3:08:45) - Non-Interactive Proofs of Proof-of-Work (NIPoPoWs) (3:12:39) - Cardano failure modes (3:21:00) - Cardano vs Polkadot (3:26:05) - Vitalik Buterin (3:34:16) - Corrupting nature of power (3:44:26) - Satoshi Nakamoto (3:50:37) - Cardano's vision for decentralized governance (4:03:31) - Cardano in Ethiopia (4:07:33) - El Salvador and Bitcoin (4:13:50) - Cryptocurrency will inject capitalism with long-term incentives (4:23:42) - Day in the life of Charles Hoskinson (4:30:59) - Mushrooms (4:37:07) - Joe Rogan (4:42:00) - Video games (4:54:14) - Advice for young people (4:57:23) - Meaning of life
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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19:55 - 23:25 (03:30)
Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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2:02:52 - 2:09:03 (06:10)
Summary
The Climeric Ledgers paper talks about mapping UTXO and Accounts systems and how a giant network of data works together. It also describes the idea of creating higher level languages and using design patterns to compensate for the differences between these systems.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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2:09:03 - 2:15:30 (06:26)
Summary
In this episode, the CEO of IOHK, Charles Hoskinson, talks about the future of decentralized finance and the importance of Chainlink as a key player in the ecosystem. He emphasizes the need to support a spectrum of decentralized systems, and discusses the potential for migration to or support from Chainlink in the future.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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2:27:48 - 2:31:56 (04:08)
Summary
The Alonzo upgrade is set to introduce smart contracts on Cardano, and progress is on track with users successfully testing the system on the public infrastructure.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
This episode discusses the difference between proof of work and proof of stake and the importance of exploring how to transition from one to N and what N should be.
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Summary
This episode discusses the difference between proof of work and proof of stake and the importance of exploring how to transition from one to N and what N should be.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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2:42:44 - 2:48:15 (05:31)
Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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2:48:15 - 2:53:46 (05:30)
Summary
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Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
The spirit of Dogecoin is similar to Elon Musk's combination of humor and extreme ambition in the face of impossible odds, which requires taking bold risks in the space of ideas.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
The idea of micro-tipping applications can be used in rich smart contracts that require off-chain handling and on-chain reconciliation.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The success of Bitcoin relies on the community to self-evolve and grow the system, beyond just its monetary value.
3:11:36 - 3:19:02 (07:26)
Summary
The success of Bitcoin relies on the community to self-evolve and grow the system, beyond just its monetary value. However, the current control of a small group of actors needs to change for Bitcoin to continue to succeed.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The founder of Cardano, Charles Hoskinson, discusses the technical, philosophical, and historical differences between Cardano and competitor cryptocurrency Polkadot, including their approaches to ecosystem curation and predictability of future expenses.
3:19:02 - 3:28:23 (09:20)
Summary
The founder of Cardano, Charles Hoskinson, discusses the technical, philosophical, and historical differences between Cardano and competitor cryptocurrency Polkadot, including their approaches to ecosystem curation and predictability of future expenses.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
This is an unrelated conversation about Bitcoin and travel experiences with no coherent message.
3:28:23 - 3:32:06 (03:42)
Summary
This is an unrelated conversation about Bitcoin and travel experiences with no coherent message.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The responsibility of managing large amounts of wealth or inheriting titles can be overwhelming, but maintaining a playful attitude and focusing on creativity can help individuals find their purpose.
3:32:06 - 3:35:56 (03:50)
Summary
The responsibility of managing large amounts of wealth or inheriting titles can be overwhelming, but maintaining a playful attitude and focusing on creativity can help individuals find their purpose. Keeping a balance between physical and digital spaces is key to navigating the responsibility that comes with wealth and title.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
Keeping yourself grounded is the single best way to handle power.
3:35:56 - 3:40:54 (04:57)
Summary
Keeping yourself grounded is the single best way to handle power. Developing a mindset of detachment and giving, usually results in receiving more back.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The guest shares insights into Hal Finney's involvement in the early days of Bitcoin and how he may have approached the project with a focus on engineering before protocol design.
3:40:54 - 3:51:01 (10:06)
Summary
The guest shares insights into Hal Finney's involvement in the early days of Bitcoin and how he may have approached the project with a focus on engineering before protocol design. They also discuss the use of machine learning to identify anonymous code authors.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
This podcast discusses creating a critical mass of participation in protocol design and improvement proposals through a change management system, using examples from Governance Live and IdeaScale partnerships, and with over 30,000-40,000 participants regularly engaging.
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Summary
This podcast discusses creating a critical mass of participation in protocol design and improvement proposals through a change management system, using examples from Governance Live and IdeaScale partnerships, and with over 30,000-40,000 participants regularly engaging.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
The process of writing a SIP involves creating a canonical code base, developing a voting process and reading through mathematical prose in formal specification.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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4:01:51 - 4:06:51 (05:00)
Summary
The decentralized identifier (DID) system can be used to provide a decentralized solution for education records and other forms of identification. It is designed to be extensible, and can be used for payments, verifications, and other purposes as well.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
This podcast episode discusses the potential of cryptocurrency to push power to the people, alleviate suffering caused by centralized power, corruption, and automation.
4:06:51 - 4:14:17 (07:25)
Summary
This podcast episode discusses the potential of cryptocurrency to push power to the people, alleviate suffering caused by centralized power, corruption, and automation. It also touches on the impact of cryptocurrency in the election system.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The podcast discusses the need for a fair economic system and how tokenomics can help in creating an incentive model focused on long-term thinking, leading to less corruption and more open opportunities.
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Summary
The podcast discusses the need for a fair economic system and how tokenomics can help in creating an incentive model focused on long-term thinking, leading to less corruption and more open opportunities.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
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Summary
The burden of innovating monetary systems not only entails academic beauty of algorithms but also millions of human lives at stake. Delegating and trusting people may increase the risk of failure, but it is worth taking it since it amplifies oneself.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The podcast talks about the negative effects of overworking and substance abuse in tech industries, with personal accounts of individuals who have struggled with substance abuse.
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Summary
The podcast talks about the negative effects of overworking and substance abuse in tech industries, with personal accounts of individuals who have struggled with substance abuse.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The speaker shares how he values alone time to generate new neurons and foster creative thinking.
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Summary
The speaker shares how he values alone time to generate new neurons and foster creative thinking. His chief of staff recommended having do not disturb days, such as Fridays, to allow for uninterrupted focus.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
Cordyceps is a fungus that infects insects and takes control of their behavior, ultimately bursting out of their head and spreading spores.
4:30:02 - 4:34:06 (04:04)
Summary
Cordyceps is a fungus that infects insects and takes control of their behavior, ultimately bursting out of their head and spreading spores. It is also being studied as a potential treatment for depression when paired with SSRIs.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The speaker talks about meeting a man named Bill Yule at a mushroom festival in Cape Springs, Georgia and discusses the potential for discovering new species of mushrooms in certain areas.
4:34:06 - 4:38:58 (04:51)
Summary
The speaker talks about meeting a man named Bill Yule at a mushroom festival in Cape Springs, Georgia and discusses the potential for discovering new species of mushrooms in certain areas.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The importance of taking a closer look at our monetary system and governance is highlighted by the current state of affairs.
4:38:58 - 4:43:09 (04:10)
Summary
The importance of taking a closer look at our monetary system and governance is highlighted by the current state of affairs. Changing our voting system can potentially empower people, and in order to do that, we need to study the history and understand the future possibilities.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The 2016 game Event Zero allows players to have a dialogue with an AI as a marooned astronaut on an abandoned space station, highlighting the potential for algorithmically generated music and other AI features in game development.
4:43:09 - 4:49:40 (06:31)
Summary
The 2016 game Event Zero allows players to have a dialogue with an AI as a marooned astronaut on an abandoned space station, highlighting the potential for algorithmically generated music and other AI features in game development.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
This podcast discusses classic video game endings, including a game where you can convince the villain to kill himself instead of fighting you, and a game with 40 different endings and thousands of pages of dialogue.
4:49:40 - 4:52:38 (02:57)
Summary
This podcast discusses classic video game endings, including a game where you can convince the villain to kill himself instead of fighting you, and a game with 40 different endings and thousands of pages of dialogue.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The speaker shares insights about living in Osaka, mentoring others, lifelong learning, and pursuing personal passion.
4:52:38 - 4:58:46 (06:07)
Summary
The speaker shares insights about living in Osaka, mentoring others, lifelong learning, and pursuing personal passion. He also talks about his desire to wander around Japan in search of the perfect cherry blossom and his thoughts on Minecraft.
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
Charles Hoskinson talks about his broader vision both in life and for his work with Cardano, emphasizing the importance of finding happiness and empathy for others.
4:58:46 - 5:03:54 (05:07)
Summary
Charles Hoskinson talks about his broader vision both in life and for his work with Cardano, emphasizing the importance of finding happiness and empathy for others. Meanwhile, he shares an interesting fact about woolly mammoths and references the documentary, "Jiro Dreams of Sushi".
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
In this podcast, Charles Hoskinson discusses the differences between Ethereum and Cardano, his views on the future of blockchain, and his love for mathematics with Lex Fridman.
5:03:54 - 5:04:44 (00:50)
Summary
In this podcast, Charles Hoskinson discusses the differences between Ethereum and Cardano, his views on the future of blockchain, and his love for mathematics with Lex Fridman.