6 Ethereal Questions Answered: Interview w/ Ethereum Dev Taylor Gerring

Home Media 123 6 Ethereal Questions Answered: Interview w/ Ethereum Dev Taylor Gerring
Published on January 26, 2016

1) What is Ethereum’s vision, and is it dependent upon other networks? 2) Why the upcoming switch from Proof-of-Work to Proof-of-Stake? 3) What is ‘gas’ in Ethereum? 4)Does Ethereum have a blocksize cap? 5) What is the governance model of Ethereum? 6) How is Ethereum development funded?

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  1. David Provost

    Understood this perfectly. One of the smartest things I've seen in a while.

    Its a pretty amazing idea: to store currency ( that which we hold as valuable ) within a digital asset ( such as a website like amazon or ebay or google ). <— key word "LIKE" :: but instead of all the data, rules and such being dictated by a single body ( such as a corporation like google ), the digital asset ( such a gmail service ) is secured by the very money that has been invested into it.

    And not only on a public service scale, but privately as well. Say you own a business, or rather you are a book writer and you sell your books, perhaps on your website or a type of community bookstore website. Insurance that your book can be sold ( such as the website staying online and processing payments ) is secured by crypto coins. So instead of paying a web developer to build your site and host your store, or worse paying a big company with 1000's of clients they could care less about to build your store, instead you invest in the coin hosting the service selling your book.

    … atleast thats how I understood it.
    And if I'm correct then this will decentralize things ( a good thing )… but I don't see how it can exactly keep a copy of virtual everything ( content ) to live on the web… ( because if you stop selling books per above example, then you sell your coins and no more sell books…. )

  2. TJ

    good work

  3. James McLain

    The concept of "programs that cannot be shut down", scares the hell out of me. What if malware were written, added to the block chain, programmed to wait until it was deeply embedded and then unleash to say: "Attack electrically grids, or airline servers"? You seem to be saying that such a program could not be stopped. What if the creator was rich, and gave his evil code plenty of "gas". How could it be stopped? Are there any safeguards in place to prevent malware programs from being added to the chain? It seems like the Etherium network is currently opened to anybody who wants to write anything.

  4. Rami Adel

    PoS=ETH death IMHO

  5. souncivilized

    what is the shiny pipe behind you

  6. Bilal Haider

    i have a friend, he mined about, 100 ethers. when he trys to make a transaction it won't get executed.
    what would it need to fill in that command which sends ethers to another account.?

  7. Lee Southard

    I like ether…cus the price went up….but I don't know what to do with it…..with bitcoin I can gamble, bet on sports and elections, invest, buy games, etc – what can I do with ether? I'm really curious not being troll.

  8. Tar & Feather Specialist

    I think Blackcoin started as proof of work then switched to proof of stake, it would be cool to see you interview david zimbeck
     I just found your channel and I love it.

  9. AprendaFacil

    Great Interview, I have a question about smart contract. I heard smart contract is able to remove coins from a node wallet in silency mode as part of automation , as part of contract rules. The question is: What guarantee people will have the address of wallet informed by any payer node is really his/her corrrect address ? what happen if any node decide to lie by informing a random address just to avoid any automatic debit? once every wallet is anonymous. tks

  10. T diiy

    Whats that shiny pipe behind you for?

  11. Lyin'g King

    damn! you're hot


    Super Question for Super Answers!

  13. Bijan Fletcher


  14. Danilo BF

    do you have a boyfriend?

  15. Sebastian Sjöberg

    Very informative, thank you for providing this. As a non-developer, this was most useful for getting a better grip on Ethereum. Keep it up!

  16. prospero

    Totally fascinating to observe philosophy of governance, decentralizing tech, with a system of reward to marry into the operation of a currency and contract……mind blowing the many social aspects brought to bear philosophically in concept to development.  Impressive how you process and anticipate…..I think you are a droid, or you used to captain a Pirate ship….(or both)…..I am truly freaked out.

  17. vaXzine


  18. Pierre Barnard

    Great Amanda!

  19. Brent Erickson

    Nice! I don't think many hosts have tried to understand and explain Ethereum before

  20. motech man

    BitShares started out as a PoW based project with PTS, and learned many valuable lessons and pitfalls about financing a crypto project without being a centralized dictator. It's really hard to do! They then transitioned into the Angel shares model, and in 2014 arrived at the DPoS model, a unique governance model.

    So there is yet one more example of the innivations and forward thinking of the brainchild of BitShares, Daniel Larimer. You oughta reach out to him and schedule an interview! In a nutshell his ideology is NAP, Austrian economics and empowering individuals, so aside from blockchain tech you two would have much in common to talk about.

  21. Sammy Yeung

    If some apps that cannot be shut down if using IPFS, will the silk road (drug dealing website) be able to reloaded by using this technology without TOR? Could ISIS, terrorist and some criminals do something like share informations by using this technology? Why Amanda have HKSAR flag in the wall?

  22. Elias de Francisco Javaloyes

    The pipe behind you, your masternode without noise nor hot, great!! you are the best Amanda, lots of love 4u!!

  23. Tomek Samcik

    Amanda !!! <3 🙂

  24. David de Kloet

    Hey Amanda, aren't you violating YouTube policy with your sponsorships? I don't have a problem with them, but it would be a shame if your business got in trouble because of it.

  25. Jonathan Speigner

    What would it take to add Ether to Coin.Space Wallet?

  26. David de Kloet

    11:48 He really doesn't seem to understand how proof-of-work works. You can't build the block after finding the hash. The hash depends on the block. And the miner finding the block is not the only one validating the truth. Every full node in the network validates that the block that was created is valid.

    The problem with proof of stake is that it's not rooted in the real world. If at any point in time you had a majority stake, you can always go back in time and manufacture an alternate reality.

  27. Craig Grant

    Taylor is very good at explaining stuff

  28. Craig Grant

    This interview gave me a much better comprehension of what proof of stake is, and I like allot, for something that will be a world computer it's the best way to flow from a standpoint of scaleability

  29. Erik van velzen


  30. Stewart Mcleod

    Hi Amanda,
    I am now using the Pro Tip plugin on my browser. So you should be getting weekly tips from me automatically. I have never used it before so I will be watching it closely.

  31. JZA

    Great video, I am not that into Ethereum mostly because of the fact that everyone else seem to be. This makes me usually look around for other lesser popular — but innovative altcoins, like DASH, GridCoin, NuBits, StartCoin, MaidSafe, NXT, and Ripple.

  32. Gary Hughes

    Looking forward to the next year 🙂

  33. Embedded Thought

    Peercoin, the first implementation of Proof-of-Stake, is inherently a hybrid of both PoW and PoS.

  34. cheezman111

    Now I know what gas is!
    Also, why the Hong Kong flag?

  35. Juan Galt Crypto TV

    You are killing it Amanda and Pete, gj. 🙂

  36. Jorge M

    Great Taylor!

  37. Paul Trahan

    Great episode! Also, the intro music is always great 😀

  38. Javier Salcedo

    Great interview! you are a great host Amanda

  39. Liberty Warrior

    I think I got gas trying to understand this.

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