YouSaid · the spoken record

Sergey Nazarov

lines on the record: 197
first: 2021-05-01
most recent: 2021-05-01
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“So these are probably the two aspects of this question. And is this going to have a good impact on society that you feel good about? Obviously very subjective, right? Some people save animals, some people say forests. We and I are creating this system of economic fairness and transparency. I feel that I'm in a good position to enable that. I feel that I have a good chance of succeeding at that. And I think that the impact will be quite meaningful for a large number of people. And so I'm completely happy to look back once I'm ADNC a body of work that achieved that and be very proud of that, right? Because I think that's what I'll be doing when I'm looking back.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I think what ends up happening with all these values is, yeah, people should determine that for themselves. I agree that there is a second order question here of what is the best body of work to work on. Personally, I think that's probably a mix of what could you realistically achieve? Is that going to have an impact on society that you feel good about?”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I think those people actually, the people who build those buildings probably understand that there is no metaphysical objective. They're just like, we're all just coming to consensus. I'm going to build the biggest building and you'll like me. And that's what we're going to do, right? They just look at it that way probably.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“That's the point. That's what happens. People just then mislabel it and they go like objective moral truth. This is not our idea. This is coming up from on high here. This is the objective moral truth that I think exists in some metaphysical form somewhere.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I think that's once again a very personal question. I'm not sure if there's an objective moral truth that's going to suddenly give us all an answer. I think it's actually quite fascinating to me when people feel they have this objective moral truth. They're so sure in their opinions. You know, this is what we do. We should go hurt them or help them or kill them or rescue them or whatever, right? There's all these kind of very situational specific kind of like this is the right thing to do. The objective moral truth told me that this is it.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Doing? What would you regret not pursuing? I think there are a number of things on a personal level each person has, but I think, at least for me and probably for many of the other people I know, there's a question of what is the body of work that I was involved in? What did I do? What happened, right? What was I involved in? In my opinion, you should have a good answer to that.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Question, I would say. The question is Am I going to live in society, yes or no? Yes. Okay. Most people choose yes. I understand why to a degree. I understand why some people choose no. And then what is the button? And I'm going to be in society. If you choose to be in society, you're just choosing to abide by the rules. You're choosing to just do the minimum, right? That's what being part of society means people that choose to be part of society but don't want to do it. It's very confusing. They should just leave. They should just go, look, I don't like this deal. I'm going to go somewhere else. I'm going to live in Tibet. I'm going to live in the woods. I'm going to live wherever where the rules are to my liking, right? You've chosen to be in society. Next question, kind of final question is, what is the body of work that I'm going to be involved in? Because in looking at that Jeff Bezos kind of regret minimization framework thing, I think that's what a lot of it really comes down to is you kind of, the framework is at 80 years old, you look back over your life, what would you regret not?”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“What's the meaning of life for the choice that you've made within society, right? Because that's maybe the first fundamental choice you made. You made a choice and you continue to make a choice to be part of society and a specific society, right? So you've made this choice. You're part of a society. And now you kind of have a life and you have people around you. And then the question is, in my opinion, the question is, what is the body of work that you want to make? Right. I think personally that life is kind of so short. And the ability to get enough resources for yourself in at least the developed markets where we're lucky to be in is so relatively abundant that we, you and me, have To pursue something that makes society better. So, this is kind of the”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“In addition to all the minimums of not throwing garbage on the floor and doing nice things for people that need help and doing any number of things to just be a normal human being within society, you have to ask yourself, what am I doing as part of society? You can always say, hey, I'm going to leave society. I'm going to live in the woods. I did that, right? I went and I lived in the woods and I gave it a shot, realized a ton of stuff, huge amount of clarity from that. When you decide to live in society, you take on, first of all, certain minimal agreements, you mold your values a little bit to that society. That's another choice that people inherently make. And then there's a question of, well, what am I doing here? What am I doing in society? So when people say the meaning of life, I don't know what the meaning of life is.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“And I think probably the most fundamental choice is whether we exist in a society or we choose to leave society. And there are people that do this. There are people that go live in the woods. There are people that immigrate to other societies. And they make a choice, right? And as they enter those other societies or they choose to leave society and go live in the woods, they adopt a certain set of values, right? They adopt values that the society prescribes. They compromise their own values. They define their own values, and they create a set of values for themselves, right? I think at the end of the day, if you're going to choose to live in society,”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“So I think it comes down to whether people want to live in society. So, if people decide to be part of society, they have a certain Of conditions that thee decide to take part in, right? So I think what this comes down to is a lot of really involved conversations, but if we assume people have free will and choice, if we just kind of make that blanket assumption. Then the question starts to become well, what choices do we make, and how do we live with those choices?”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“At that point will be monumental. You should start a company when nobody depends on you and you can sleep on the floor eating ramen noodles and still have a great time and show up with a lot of enthusiasm and be excited. So I just mean whatever you want to really devote yourself to and really do, don't put it off. Don't go to consulting or banking or any other industry and say, I'm going to do this for three years and I'll get experience. The only way you get experience is by doing something. You go, you do it, you fail, you do it again and again and again and again and again. And then you have experience and then you can do it right. That's the only way experience happens. There is no other way short of mentorship. If you're lucky to get mentorship, 99% of people don't get mentorship.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Once again, because you have more responsibilities, you're responsible to your partner for some kind of income to create a life together. Once you have kids, you're responsible for an even greater income to create a life for kids. And startups do not generate income, right? They take many, many years before anything happens. People are getting evicted. People are eating ramen noodles. That is a thing. That happens. That will happen. I'm not saying that you should do the fun things or the enjoyable things. I'm saying the things that you would regret not doing that you can uniquely do in the time span from 18 to 25, which one of which is, if you plan to have a family and start a family when you're 25, you should start a company now. You should not wait until a bunch of people depend on you for income to eat to start a company. The amount of pressure that will be on you”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I think I just like to say one final quick thing on this. I think this extends to really hard things as well. It extends to the things you want to do, but one of the best pieces advice one of my mentors gave me early on in my career around this time is that it will actually become harder to start a company as you get older.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Capitalism will force you to specialize. That's what it's good at, it's going to take you, it's going to fashion you into a very specific tool for most people, into a very specific set of tasks. If you want to have an education in something, get it now. If you want to travel somewhere, travel there now. If you want to do some kind of creative endeavor that you doubt whether you'll have time for in the future, do it now. You won't have time for it in the future. You won't have time to read philosophy books all day, unfortunately. You won't have time to fly to Italy and kind of hang out with people. If you're serious about your life, you're going to get more responsibilities. You're going to get more stuff to do. And so my advice to you is do not piss away this rare unique discretionary time. And if your friends are, get new friends. Get smarter friends. Get people who...”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“All of those responsibilities will take away your ability to get an education. So if you value having an education, if you value being a deeply educated, well-rounded person with a wide array of knowledge on a wide array of topics,”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Of comparing yourself to your friends at 25 or your peers at 30 will be so great that you will no longer, it will no longer be normal for you to be in a hostel at 30 kind of like living it up, right? And this is why I also can't tell you specifically what it is. For me, it was getting an education in philosophy that was rigorous and in depth. It was traveling and it was starting an enterprise that I thought that was worthwhile, that I directed, that I could make into something great. That's what it was for me. For other people, it might be something with a band. It might be something with painting. It might be an education. You, by the way, should also should not assume that your ability to get an education will improve.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I wouldn't say relax. I would say very much cherish the free time. Discretionary time that you have from the age of 18 to maybe 25 Because at 25, everyone's going to start looking at each other and asking, what have I achieved? Like my friends have achieved, I haven't achieved. And then by the time you get to 30, you're going to look at each other again and go, well, my friends have a family or a company or a PhD or whatever. What do I have? And the pressure will just increase. And it'll increase so much that even if you want to go and do the fun thing, it will not be fun because the pressure”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“At themselves in that type of state at 25, 27, 29, that's what they should do. And they shouldn't listen to anybody else. Let me put it to you this way. If you're really smart, you're going to make it anyway. There's a lot of people putting a lot of pressure on you because they're afraid whether you're going to make it. If you're really smart, you're going to make it anyway. If you're not really smart, you're screwed anyway.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“In that framework, it's like, what would I regret not doing at 80? And that's kind of meant to create this long-term view and make these decisions now that'll get you to a long-term future that you can look back on and be proud of your life, right? What I think young people should do is they should say to themselves, look, if I never get the chance to travel for as long as I live, assuming that after 25, after 27, after 29, that's the case, how will I feel about that? If I never get to start a company after 25, after I get married, after I have kids, how will I feel about that? And whatever they feel the worst about is what they should do, whatever they feel like when they say to themselves, you know, if I don't travel now, I will never travel. And they feel horrible about that. They just have an overwhelming fear and disgust.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“And the 10% that you have, you'll be resting to get back to work and get things done. What I think young people should do, and this is why it's very different for each of them, right? I can't tell young people, hey, you should study philosophy, travel, and start your own enterprise to achieve something worthwhile in the world, right? That might be something that's good for me with my values and my kind of worldview. But for other people might be something else. I think the way that they should conceptualize it is imagine if over the next 10, 12 years the amount of choice that you had about what you could do was cut down by 90%. What would you, and this is copying from this kind of Jeff Bezo's regret minimization framework?”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“The amount of obligations and the amount of time that a person has seems to just diminish over time, right? So the amount of free time they have, right? So you start your job, you get a bunch of responsibilities, something with your partner spouse, more responsibilities, kids, probably even more responsibilities, and soon enough, the time that you have to educate yourself, to travel, to experience the world however create whatever creative endeavor you're interested in slowly but surely disappears. I think this is something that young people don't fully realize. They assume that the world as it is now and the amount of free time that they have to travel, to educate themselves, to make new friends, to do all these things will somehow maybe diminish by 10%. Won't diminish by 10. Diminished by 90%.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I think the thing that young people should do is not anyone specific thing for any one specific young person. I think what they should do is what they won't be able to do in the later stages of their life. And the way, in my opinion, from a framework point of view, to think about that.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Doing something with a very important purpose, and nobody's thinking about where's my paycheck or where's my whatever, they're all kind of like, we have to discover the formula to this To save the planet over there. And literally every episode you're discovering a formula to save a planet, right? Of some kind or a universe or ecosystem or whatever. And you're looking at it, you're like, you know, this is like, this is a pretty good place to stand up. This is where we might want to end up.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Has gotten so many things for themselves that their goal is learning and discovering and or helping. And I think there is this conception of human life once the baser needs are satisfied. And at the end of the day, I think that's what technology generally can elevate all of human civilization to, right? It can elevate us to Star Trek world where if people want to invent, they can do that all day and nothing else. If people want to explore the stars, they can explore the stars and they don't have to worry about economic scarcity or any number of these other conceptions. So I don't know what the most impactful on me shows have been, but for some reason recently Star Trek in the newer variant, not the most new Star Trek shows. Those shows are a little strange. The kind of middle Star Trek universe where everybody”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“And Deep Space Nine and all those, I think whenever I happen to watch a Star Trek show again, I have a very simple conception in my mind that I really didn't have whenever I saw it way back when it's that this is what the world looks like if technology takes us towards a utopia, right? So I think there's this fascinating thing where technology can take us towards a utopia or towards a dystopia. And in my mind, those kind of three Star Trek shows are a picture of what human civilization looks like if everybody's technological ambitions successfully take us towards a utopia, right? Because in the Star Trek universe, you're not seeking money or you're not seeking safety or you're not seeking anything for yourself. Everybody within Maslow's hierarchy of needs has”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Not the old Star Trek. I don't really get the old Star Trek. The special effects aren't good enough. Star Trek, like the next generation and Voyager.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“And I think that All of this stuff will eventually become a public good. I think it'll become so critical to how societies function internally and internationally that just like there are systems like the Federal Reserve, like global payment systems, like all these types of things, I think eventually all of this technology will be baked into these societally critical systems. And if I and our community and the people I work with and the body of work that we're working on can make some kind of contribution to that shift towards economically fair, transparent society from my point of view, it's a very, very worthwhile body of work in terms of the show. You also mentioned the show, you know, one of the shows that I really seem to like more and more for some reason is Star Trek”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think so. I think that's a pretty good definition of success that you work on a body of work and that body of work isn't just some commercial enterprise. It's a body of work that Whatever commercial aspects or economic incentive aspects it might have, it eventually is so important that it becomes critical to how society functions. I'm personally quite lucky and grateful to be, in my opinion, working on something like that with an amazing team and an amazing community that seems to really very much care about this hybrid smart contract transparent world that a lot of people in our industry realistically, I think this is why a lot of them signed up. This is why I came into our industry. It wasn't because Bitcoin was because Bitcoin was a picture of how the world could work in so many other ways. And that picture of how the world could work in so many other ways attracted me a very long time ago.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“The situation in hand and kind of took action to achieve an outcome, which I think was an amazing result. The fascinating thing, by the way, is an amazing way of looking at things. The fascinating thing, by the way, is that the ferries now in New York Harbor are all run as a public good. So the fascinating thing is that the guy he focused on an industry and he worked on something that was so important that it ended up becoming a public good. And I think that that's an interesting conception of how to look at this industry. I think there's a lot of economics dynamics around this industry. But I think I might have said this somewhere else before. But really the success of someone in this industry is whether they're able to make a Linux or HTTP or an HTTPS-like system that”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“And if it was deemed that they create a monopolies were acceptable, he would have had a huge problem, this guy, but it was deemed that state created monopolies through these licenses for steamboat routes was not acceptable. And that did two interesting things. It unceded some kind of old-time landed gentry in the Americas in the 1830s and 40s. And it basically made him right and he saw it before other people. So I think Vanderbilt was a very interesting personality, first of all, of all the biographies that I read is somebody who really took”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I don't think it was those Greek or Roman biographies because they were very far away. I think that Probably one of the most impactful ones that I can remember recently is around Vanderbilt. And so Vanderbilt was this guy who basically, without that much of an education, he would. Invent or work with people to make these steamboats. And then he had a lot of acumen around creating certain monopolies, regardless of what was right or wasn't right. And then fascinatingly enough, it all hinged on like a Supreme Court case that decided if monopolies were acceptable in the form of state-created monopolies or not”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I started reading a bunch of stuff, Greek stuff. I was just like, these Greek guys, they really know how it is. You know, they did this 2,000 years ago and they still got it right. There's something here. It's kind of this theory of time around the value of intellectual ideas, right? If an intellectual idea has survived the test of time, it's much more valuable than the intellectual idea that I just came up with 10 minutes ago, haven't told anybody, and hasn't gone up against all of the kind of rebuttals. So what's your favorite?”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“They have a clue, right? Saying, like, here is how the world works, here's what you should do with your life, here's what you should do with your time, here's what you should do with your money, here's what you should do with your attention, here's what you would do with all these things. And I think the ability to evaluate information generally is something that is surprisingly under taught. I don't actually understand why there isn't a course in like high schools or universities that's just like, here is how you evaluate information. Here's how you engage in external dialogue and internal dialogue to arrive at an accurate picture of reality rather than the picture of reality that other people want you to have for their benefit most often, right? And at the end of the day, I think that put me down a path to really try and understand. Beyond that, I think biographies have had a very large impact on me. You know, Plutarch's Greek and Roman lives, after I read Pluto.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Of this fuzzy thinking and arriving at whether it's an external dialogue or an internal dialogue about an accurate picture of reality is actually very important. And so I think I'm very lucky to have read the dialogues when I was in my early teenage years and it had a very large impact on me because it kind of showed me that nobody knows what they're talking about. I would play out dialogues in my mind and I would engage in certain dialogues with different people and what the platonic dialogue showed me was kind of how to tell when someone has no clue. And a lot of people are very good at kind of”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, yeah, sure. So I think one of the things that had a very big impact on me were Plato's dialogues and particularly Protagoras and Gorgias as some of the two initial ones. I think what Plato's dialogues do very well is they give people a clear picture of what dialogue looks like and what the assessment of information probably should look like, right? And how the dissection and analysis of an idea is very important and how it can actually be taken in either direction, but at the end of the day that the process of eliminating”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I guess that's fair to a degree I think it's fascinating how that's evolved. I think the people that made it with certain goals in mind and then it's kind of taken on a life of its own. I don't fully understand exactly why it's taken on a life of its own at this point. Once again, I don't spend too much time thinking about different tokens and how they're evolving. I'm much more focused on the launching.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Finance, change in global insurance, changing global trade. And that's the change in the world that I and a lot of other people in this industry, I think, got into this for.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, that'll be on the site of the hackathon. There's a blog related to that, and we're going to have more of these. And once again, our explicit goal is to take our industry into this world of hybrid smart contracts, which just benefits everybody. It makes more on-chain activity. It helps provide real-world value to the average person from all of this infrastructure period. And at the end of the day, I think that it just redefines what our industry is about through use cases, right? Because if you only learn through our industry from the point of view of a single use case, like the NFT use case or some other use case, that's what our industry is about. And the more of these use cases that people can make available to the average person or to the fintech world or to the insurance world or wherever, the faster our industry will not just be about Bitcoins or tokens. It will be about changing global”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“And there's so many different categories. We even have a GovTech category and a whole bunch of things. If people want to see what's possible, they can go look at the winners. I think that's probably a good idea.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Expansive in terms of the tutorials and the amount of contracts to see how people have already built it. I think beyond that, we see people building amazing things at these hackathons in the previous hackathon. We saw somebody build a smart contract that allows someone to rent out their Tesla, right? So it allows the Tesla API to give someone else access and rent out someone's Tesla on the basis of a smart contract kind of coordinating payment, which was kind of amazing. The more recent hackathon, we saw something called DBridge, which is a cross-chain solution that loses Oracle networks to confirm data on different chains. I think the things that people build will just become expansive and varied in ways that I can't even imagine. But I think this recent hackathon saw a huge, huge list of different kind of winners in different categories.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, there's unbelievable things that we see people building. I think. To get your feet wet, I think the hello world is probably DeFi because it's pretty straightforward and there's a large amount of data sources that we already have putting data on chain on testnet, which is the test environment in which people would build. So I think DeFi is probably to a certain degree the most exciting for certain people and pretty, pretty.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“There's plenty of more hackathons coming up. We want to enable as many developers in Web3 and Web 2 to build hybrid smart contracts as a way to redefine our industry and kind of make all of these smart contracts come to life. There are definitely going to be more hackathons, so people should go and pre-register, register on a list to get involved in that. That's a great resource where we have a lot of speakers and a lot of educational tools. They happen over a course of weeks. So there's a long time for people to work on these things at the speed that they find comfortable.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Beyond that, we recently had a hackathon where we had a huge amount of very kind of advanced hybrid smart contracts getting built.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“We're focused on enabling, and I think it's actually a very virtuous cycle for everybody because the more of these hybrid smart contracts we enable on Ethereum and other blockchains, the more our industry provides real world outcomes to the larger world, which is at the end of the day what I think everybody in our industry wants. Everybody in our industry wants hybrid smart contracts to become the way that global finance works, global trade works, global insurance products work because they will inherently need both a blockchain on which on which the contract itself lives and an Oracle network that powers all of the other interactions, right?”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“Oracle network, a proof of reserve, Oracle network, a randomness Oracle network. And I think we're going to continue to see this dynamic that more and more advanced contracts compose various decentralized Oracle networks into more advanced use cases. And this is the dynamic that”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“I want to make NFTs related to real-world sports events, or I want to do whatever I want to do with some kind of sports-related data. Wonderful. Here's the framework. Here are your risk dynamics. Here's a collection of node operators. Here's a set of pre-integrated data sources. Here's a reputation system to assess the quality of your ensemble of nodes. Here's a way to scale that up as the value in your contract scales. Here's all the tools that you need to build this contract. And what we actually see now as there are multiple types of computations and data sources that are provided by different decentralized Oracle networks, of which there are now hundreds. We now see that a single hybrid smart contract might use multiple decentralized Oracle networks. So there might be hybrid smart contract that uses a price data, decentralized”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“And we see them growing and getting more advanced data sources and more advanced features. And then if somebody else comes and says, well, you know, I don't really want to make a DeFi product. I want to make crop insurance. And I have a completely different set of conditions. I want this method of consensus and I want data to be aggregated in this way, but not the way that you do for decentralized financial products. I mean, what are we supposed to tell them? We're supposed to tell them, no, our decentralized Oracle network can't let you do that. And you can go and wait another five years until somebody builds it for you. That's not what we want to do, right? What we want to do is be able to say absolutely here's an example of how somebody else made a decentralized Oracle network for weather insurance, right? Here's a template. Change that template, evolve it to meet your needs, and then someone else comes and says, hey, I have some other use case in game.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“And so our goal is to create a framework and an infrastructure and a software that allows people to compose decentralized Oracle networks, right? So initially you can compose a decentralized Oracle network of seven nodes that goes to three data sources to trigger your contract worth a million dollars. And that's where you could start. And then let's say your smart contract, your DeFi smart contract goes to a billion dollars. Well, then you need to make some changes, right? You need to go from seven nodes to 15 or maybe 31 nodes, and you need to go from three data sources to five or seven. And you maybe need to create some kind of what we call circuit breakers and some other checks. And you need to make sure that the centralized Oracle network comes to consensus around those checks. Because now the centralized Oracle network isn't controlling a million dollars, it's controlling a billion dollars. And we have decentralized Oracle networks that control well over a billion dollars, multiple billions of dollars.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source
“It's a slightly different problem, right? Because we're not trying to define transaction types fitting into blocks on a certain timeline of those blocks being generated. We're trying to say, hey, there's this world of services or this world of data that's not very deterministic, but it's unbelievably useful to these smart contracts over here. And actually, they need it to even exist. And we really want them to exist because once they exist, it's going to completely redefine what our whole industry is known for, right? And define NFTs are not even in the tip of the iceberg. They're like the snow coming off the top of the iceberg.”
2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source