#192 – Charles Hoskinson: Cardano

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