Nick Szabo, Nick Saban, Patriots discussed on CRYPTO 101

CRYPTO 101
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Facebook or Twitter, Instagram links join the conversation. Come talk to people that are in the crypt of space to learn to explore to share ideas and will discover the future of technology and blockchain become a patron, the patriots. I've always said the backbone of the community. They have always been there to give us a little bit of support when we really need it. I got a couple of prizes on the patriot page for you. Patriots. So please go to. Patron page and check it out. Don't forget to check out our YouTube channel. Crypto went two one with Matthew, Aaron for roundups and my opinions on all the episodes that we put out also make sure to subscribe to us on Cass box. Soundcloud. I tunes podcasts or anywhere you get your podcast leaves a rating and comment. It helps us immensely and don't forget that. ICO went one with Aaron. Pau is showing up in the crypto one o one feet. Now without further ado, we'll see you after this show. I smart contracts are basic, if and then conditional statements. If you do something, then this happens and I'll go into more examples in the future. But first, let's talk about where smart contracts come from. I then they were first proposed by Nick Szabo in nineteen ninety six. But I also heard nineteen ninety four. So between nineteen ninety four and nineteen Ninety-six, Nick Szabo has proposed smart contracts. Now, Nick Szabo is I think you heard his name. I in the Douglas pike interview, and he is a pioneer in this industry. Blockchain cryptography, digital currency, e-money and Nick Szabo is a computer scientist, legal scholar and cryptographer known for his research in digital contracts and digital currency. He graduated from the university of Washington in nineteen eighty nine with a degree in computer science. He also obtained a law degree from said, university, Nick Szabo designed mechanism. For decentralized digital currency. He called big gold. Big old was never implemented but has been called a direct precursor to bitcoin architecture in Nick Szabo's bit gold scheme. And I don't like the word scheme because it sounds bad, but the participant would dedicate computer power into solving cryptographic puzzles in a bit gold network solve problems would be sent on the Byzantine fault, tolerant public registry and assigned to the public key of the silver. Each solution would become part of the next challenge, creating a growing chain of new property. This aspect of the system provided a way for the network to verify in timestamped new coins because unless a majority of parties agreed to accept new solutions, they couldn't start the next puzzle. So this is actually very much like bitcoin or the idea. Of course, it's different now, but you see where this is coming from the evolution. So this was basically Nick Szabo. Another interesting fact of Nick Saban is in two thousand eight, a mysterious figure who wrote under the name of Saito Shihan Camaro released a proposal for bitcoin. Nakimora was true identity remained a secret, which led to speculation that in a long list of people speculated that Nakamoto could be Zabul, but Dabo has repeatedly denied it. So Nick Szabo and I almost I'm ashamed to admit that I didn't know who this person was before. Doug pike introduced him on the podcast and on that I've been researching who he is and learning more about him. He's important. I think crypto wanna one is going to do a whole segment on Nick Szabo because of just how important he is. And I think it might take two episodes because the dude has done everything in the space, but I'm going to move on for now. So what is a smart contract? Like we said in the beginning, it is an if then conditional. And so let's take this example. Let's say we're going to hire somebody to shovel snow. Wintertime's coming up. Sometimes you get the plows. Sometimes guys get the Kaiser, the truck with a plow on the front of it. Sometimes you got some kids, you know, with a wagon and that's full of shovels, and they come over to your your doorstep knocks on the door and say, hey, you wanna shovel one as the Soviet driveway and you go, are you five bucks kid?.

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