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#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum

Lex Fridman Podcast

Conversations that explore technology, history, philosophy, physics, mathematics, biology, chemistry, engineering, AI, robotics, programming, music, film, art, sports, psychology, neuroscience, geopolitics, business, economics, religion, astronomy, and the human condition with people from all walks of life.

Silvio Micali is a computer scientist at MIT, Turing award winner, and founder of Algorand. Please support this podcast by checking out our sponsors:
- Athletic Greens: https://athleticgreens.com/lex and use code LEX to get 1 month of fish oil
- The Information: https://theinformation.com/lex to get 75% off first month
- Four Sigmatic: https://foursigmatic.com/lex and use code LexPod to get up to 60% off
- BetterHelp: https://betterhelp.com/lex to get 10% off

EPISODE LINKS:
Silvio's Twitter: https://twitter.com/silviomicali
Algorand's Twitter: https://twitter.com/Algorand
Algorand's Website: https://www.algorand.com/

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/LexFridmanPage
- 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
(08:55) - Blockchain
(11:52) - Cryptocurrency
(14:42) - Money
(18:56) - Scarcity
(20:37) - Scalability, Security, and Decentralization
(24:03) - Algorand
(40:36) - Bitcoin
(43:39) - Ethereum
(45:10) - NFTs
(48:34) - Decentralization of power
(52:42) - Intelligent adaptation
(55:25) - Leaders
(58:31) - Freedom
(1:01:31) - Privacy
(1:04:15) - Bitcoin maximalism
(1:08:01) - Satoshi Nakamoto
(1:12:39) - One-way function
(1:16:52) - Pseudorandomness
(1:21:34) - Free will
(1:23:39) - Will quantum computers break cryptography?
(1:28:44) - Interactive proofs
(1:35:38) - Mechanism design
(1:43:04) - Favorite meal
(1:46:18) - Book recommendations
(1:53:15) - Advice for young people
(1:55:48) - Fear of death
(1:58:29) - Meaning of life

Silvio Micali is a computer scientist at MIT, Turing award winner, and founder of Algorand. Please support this podcast by checking out our sponsors: 
– Athletic Greens: <a href="https://athleticgreens.com/lex">https://athleticgreens.com/lex</a> and use code LEX to get 1 month of fish oil 
– The Information: <a href="https://theinformation.com/lex">https://theinformation.com/lex</a> to get 75% off first month 
– Four Sigmatic: <a href="https://foursigmatic.com/lex">https://foursigmatic.com/lex</a> and use code LexPod to get up to 60% off 
– BetterHelp: <a href="https://betterhelp.com/lex">https://betterhelp.com/lex</a> to get 10% off
EPISODE LINKS: 
Silvio’s Twitter: <a href="https://twitter.com/silviomicali">https://twitter.com/silviomicali</a> 
Algorand’s Twitter: <a href="https://twitter.com/Algorand">https://twitter.com/Algorand</a> 
Algorand’s Website: <a href="https://www.algorand.com/">https://www.algorand.com/</a>
PODCAST INFO: 
Podcast website: <a href="https://lexfridman.com/podcast">https://lexfridman.com/podcast</a> 
Apple Podcasts: <a href="https://apple.co/2lwqZIr">https://apple.co/2lwqZIr</a> 
Spotify: <a href="https://open.spotify.com/show/2MAi0BvDc6GTFvKFPXnkCL">https://open.spotify.com/show/2MAi0BvDc6GTFvKFPXnkCL</a> 
RSS: <a href="https://lexfridman.com/feed/podcast/">https://lexfridman.com/feed/podcast/</a> 
YouTube Full Episodes: <a href="https://youtube.com/lexfridman">https://youtube.com/lexfridman</a> 
YouTube Clips: <a href="https://youtube.com/lexclips">https://youtube.com/lexclips</a>
SUPPORT & CONNECT: 
– Check out the sponsors above, it’s the best way to support this podcast 
– Support on Patreon: <a href="https://www.patreon.com/lexfridman">https://www.patreon.com/lexfridman</a> 
– Twitter: <a href="https://twitter.com/lexfridman">https://twitter.com/lexfridman</a> 
– Instagram: <a href="https://www.instagram.com/lexfridman">https://www.instagram.com/lexfridman</a> 
– LinkedIn: <a href="https://www.linkedin.com/in/lexfridman">https://www.linkedin.com/in/lexfridman</a> 
– Facebook: <a href="https://www.facebook.com/LexFridmanPage">https://www.facebook.com/LexFridmanPage</a> 
– Medium: <a href="https://medium.com/@lexfridman">https://medium.com/@lexfridman</a>
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 
(08:55) – Blockchain 
(11:52) – Cryptocurrency 
(14:42) – Money 
(18:56) – Scarcity 
(20:37) – Scalability, Security, and Decentralization 
(24:03) – Algorand 
(40:36) – Bitcoin 
(43:39) – Ethereum 
(45:10) – NFTs 
(48:34) – Decentralization of power 
(52:42) – Intelligent adaptation 
(55:25) – Leaders 
(58:31) – Freedom 
(1:01:31) – Privacy 
(1:04:15) – Bitcoin maximalism 
(1:08:01) – Satoshi Nakamoto 
(1:12:39) – One-way function 
(1:16:52) – Pseudorandomness 
(1:21:34) – Free will 
(1:23:39) – Will quantum computers break cryptography? 
(1:28:44) – Interactive proofs 
(1:35:38) – Mechanism design 
(1:43:04) – Favorite meal 
(1:46:18) – Book recommendations 
(1:53:15) – Advice for young people 
(1:55:48) – Fear of death 
(1:58:29) – Meaning of life

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#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum

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