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Sergey Nazarov

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197

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2021-05-01

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2021-05-01

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1. “It's an interface. So, just like an API is an interface for Web 2.0 engineers. Oracle networks and the contracts that represent them or individual nodes are the interface of Web 3.0's use of services. And services include all services data, payment systems, messaging systems, whatever Web 2.0 or any kind of computing service that you can conceptualize needs an interface on chain in the form of a contract that says, here are the services I can provide for you, here are the transactions you need to send me to get back this data or that computation or this result.”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

2. “Sure. So, an Oracle node essentially exists in both places. It exists in both worlds. It exists as an on-chain contract that represents either an Oracle network or an Oracle node. So there's an on-chain interface in the form of a contract that says I exist to give you this list of inputs. You can request weather data for me, you can request price data for me, you can ask me to send a payment somewhere.”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

3. “Well, that's not the only problem, right? The other side of this is that you're trying to create a deterministic result, a deterministic output from a set of non-deterministic disparate systems data sources or places that prove things.”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

4. “So, the first question is actually how do you scale security relative to value secured by that Oracle network because it wouldn't be very efficient to have a thousand nodes securing $100,000 worth of value. So one of the first questions is how do we properly scale and how do we compose ensembles of nodes in a decentralized way where we can know that, okay, we're going from seven nodes in a network to 15 to 31 to 57 to 105 to 1,000. So that's one dimension of the problem.”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

5. “And this is actually how we've architected our system in a very flexible way. So for example, you need an ability for an Oracle network to grow in the amount of nodes that it has relative to the value it secures. So if you have an Oracle network that secures $100,000 in like a beta of a financial product, maybe it can be fine with Owens only seven nodes and only two or three data sources, right? Because the risk to that Oracle network is relatively low based on the value it secures.”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

6. “So, this is the challenging question, right? This is the challenging problem that Oracle networks, Oracle's via Chainlink that we work on in order to create this definitive truth to trigger and create hyper automation in this more advanced form, more advanced form of hybrid smart contracts. The reality, I think, of this problem is that it is very specific to each use case.”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

7. “And this mutually agreed upon definition of a trigger or a proof system combined is a hybrid smart contract, which as you can see probably already does a lot more than just a contract on chain, right?”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

8. “Agreement unless you know what happened right if you and me were to make an agreement and set some contractual conditions but our agreement could never know what happened it it would be completely you know useless however if you and me made an agreement and there was another system called an Oracle mechanism or decentralized Oracle network that proved what happened definitively and you and me pre-agreed that whatever this mechanism says is what happened then we can achieve an entirely new level of automation right we can suddenly say there's this piece of on-chain code that's highly reliable we can give it millions billions eventually trillions of dollars in value and it is controlled by this other system over here that's also highly reliable under this configurable set of definitive truth and decentralization conditions which we all agree are sufficiently stringent to control that much value and therefore the combination of this tamper-proof on-chain representation of a contract”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

9. “All the other world's information is not available in a blockchain inherently. And a smart contract or a piece of on-chain code can't just say, hey, I'm going to go get some data from over here because the API they would get it from creates a whole bunch of security concerns for the blockchain itself and a whole bunch of consensus issues about how to agree on what that API said or what the truth of the world is, right? Because it's not even agreeing on what one API said. It's more so creating a reliable form of decentralized computation that can give you a definitive proof of what happened and not just what one API said. So for example, some of our most widely used networks have well over 30 nodes and well over 10 data sources that are all providing information about the same type of data. And then there's consensus on that one piece of data, which is then written in and essentially given back into the on-chain code to tell it what happened. Because you can't really make an”

   2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

10. “And then those on chain pieces of code require input. I think the thing that people get kind of a little bit thrown by is despite being called smart contracts, the on-chain code on a blockchain cannot actually speak to any other system. So blockchains are valuable and useful as far as their tamper proof and secure, and to be tamper-proof and secure, they're made this kind of walled garden that is able to know and interact only with the highly reliable information that's within that system. Which is basically tokens and private key signatures”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

11. “Takes in value and returns value based upon the conditions codified in the agreement on a blockchain. The second and equally important offchain part is where the term Oracle and Oracle comes in or an Oracle mechanism or a decentralized Oracle network, as we describe it in the paper. And this is another decentralized computational system that has a different goal, right? So blockchains have the goal of packaging transactions into blocks and connecting them in a cryptographically unique way to create security and assurance about that chain of transactions. Oracle and decentralized Oracle networks achieve consensus and they achieve decentralization about the topic of what happened. So blockchains structure transactions. Some of those transactions might be the state changes in different pieces of on-chain code.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

12. “Yeah, absolutely. So, the on chain part is where the agreement itself is. That's the smart contract itself. And that's where you codify certain conditions such as the conditions under which an interest payment is made or the conditions under which the contract pays out the full amount that it holds to someone based on a derivative outcome or something like that. Now, what the on-chain code is very good at is creating transparency about what the core conditions of the contract are. It's very good at taking in money from other private keys that send it tokens and send it value to hold. And then it's also very good at returning money or returning value back to other addresses or other private keys. It can also be involved in governance. It can be involved in a few other private key signature-based operations, but primarily the on-chain part of a hybrid smart contract from what I've seen so far defines the agreement.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

13. “Means on chain code, which limits it to whatever can be done on chain only. And then in our internal definition for us and for us at Chainlink and for me, it's hybrid smart contracts, which is actually the original definition. It's the idea that a contract can both know what happened and automatically resolve the proper outcome.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

14. “Now that eliminates the part of the definition that's related to knowing things about the world and it partly eliminates the definition about payments and stuff like that. But basically it's on-chain code, right? We in our recent work on a second white paper have actually put out a different definition that we call hybrid smart contracts that actually tries to go back to the initial definition that I started with seven or eight years ago, which basically says that there's some proof somewhere that's proven to the contract and the contract can know that and the contract can gain proof, then it can use that proof to settle the agreement that's codified on a blockchain. So you both need a mechanism to provide proof. You need a mechanism to codify the contract and a tamper-proof way on something like a blockchain. And then as with all contracts, there's a presumption that there's some kind of release of value. So I think a smart contract in our industry right now.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

15. “Way things have evolved so far is that Definition has now come to mean on chain code, right? So it's come to mean the codification of contractual agreement on a blockchain, right? So there's some coda somewhere on some blockchain that defines what the agreement is.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

16. “Sure. So I think smart contracts as a definition has actually gone through some kind of changes or small evolution. Initially, I think it was actually a conception of a digital agreement that was tamper-proof and could no things about the world. So it could get proof and it could define that something happened and it could conclude an outcome and release payment or do something else. That's actually the definition of smart contracts that I began working in this industry with seven or eight years ago when I started making smart contracts. That is the conception that I had of a smart contract. Then what happened was that was really hard to do, right? Building that type of tamper-proof digital agreement that could also know things about the real world and release payments back to people about those events that were codified in this tamper-proof format was actually a very tall order. Turns out it's consistent of three parts. It's consisting of the contract, the proof about what happened, and the release of value.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

17. “Is just more of a free market dynamic among how people make, I think with the social media folks, you should just make some kind of law or something where you can just export all your data from them. Everyone should be able to get their data exported by another application. And then the network effect of all these social media sites will kind of crumble because people will just combine your Twitter data with your Facebook data with everything else into an application that you control and there will just be thousands of different interfaces competing for how to consume all the social media data because it isn't locked in in one centralized actor's control. And so this is just the recurring pattern of what I think all of this will do is it'll give people a better deal, right? It gives them features without ownership of data, without ownership of value. And that's really the difference.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

18. “Those features, right? I think the whole big difference here, partly in line with the definition of smart contracts and its evolution, is that there's this now there's this autonomous piece of code that's giving you all those features without requiring the ownership and lock-in and control and unilateral kind of ownership of your data or your value or whatever it is that you're giving it, right? And I think what this will lead to fundamentally.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

19. “Just to really quickly comment on the stuff that you just said, which I think is super, super fascinating, I think that's all exactly right. I think everything that you said is right. And I think it's actually going to be the same for social media and banking and every other type of contract is that all of those systems that house people's value for them and take control of either their social media value or their financial value or whatever for them, all of that is going to be made available to people in like this autonomous piece of code that does the same thing that the centralized entity used to do. So they get all the features, but the autonomous piece of code gives them the ability to have control while getting all the features, right? So banks give you features, social media sites give you features, you know, whatever other system that you use online gives you features, and then it takes your data and it takes control of your assets from you in return.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

20. “Transparency creates accountability, and there's this kind of game being played game theoretic game, where if I know, if you know I'm going to discover your deviation, you're not going to deviate.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

21. “That I haven't heard a single explanation as to why, no, no, don't earn 8% and take less risk and have more transparency with your assets. Earn 7% less, take more risk and give people the ability to change the rules on you at their discretion. Go do that. Going to do that”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

22. “Know a lot more systems might be failing soon, and they might be highlighting these types of problems that were there for, or as a result of the type of control that you see in Robinhood, and people are more and more concerned about both transparency and control, and they're looking for yield to combat inflation. I think that's what DeFi is about in a practical sense. It is this clarity about your risk. It is control over your assets, and amazingly at the same time as having those two unbelievably useful properties, it is actually superior yield, which just leads me to the very obvious conclusion that the only reason DeFi isn't more used is because more people don't know about it. And by virtue of this long kind of explanation here and here and elsewhere, more people will know about it. And it's just such an obviously superior solution.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

23. “And then the final reason to know about DeFi is that DeFi is inherently global and actually right now provides better yield globally. So if you go to a bank right now with the US dollar, you get 1% or less. If you go to DeFi with the US dollar, you get 7 or 8%. So, if we think about that in a world where there's a lot of inflation coming down the road, and we think about, well,”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

24. “Clear that that's not how the world works, so that the second real property of DeFi is control, which means that you control your assets, not a bank, not a broker, not a third party, you control your bitcoins, you control your tokens into finance protocol. If you don't like how something's going in that protocol, you can remove it. You can send it to another protocol, or you can use a feature of the protocol to do something it's supposed to do. And guess what? Nobody can just say, oops, you know, that feature that isn't so good for my friends over here, you know, that feature is actually, you know, we're just going to pause that feature in the critical moment when you need it to execute your strategy, which is why you took all the risks to begin with.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

25. “Actually, much, much smaller band. And the reason it is a much, much smaller group of market conditions is that the system doesn't work the way people think it works. The system was wrapped up in a nice glossy wrapper and given to them to get them to participate in the system because the system requires and needs their participation. But if you actually look at how the system works underneath, you will see that it does not work the way people think that it works. And this is actually another reason that DeFi is so powerful because DeFi actually and these blockchain contracts give people the version of the world they think they already have which is why they don't beg for it right so everybody thinks they're in a certain version of the world that works in this reliable way transparent way they're not they don't realize it and so they're confused when you tell them I'm gonna make the world work this way because they think they're already in that world but then things like Robinhood make it immediately painfully”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

26. “Decentralized finance is built on infrastructure that forces transparency such that everyone can understand what the financial product does from day one and in fact escaping that property is practically impossible or if someone tries to escape it it becomes immediately obvious and people don't use their financial product so that's number one number two is control so if you look at what happened with Robinhood Everybody thought the system worked a certain way, right? Everybody thought I have a brokerage account, I can trade things under a certain set of market conditions. And then the market conditions changed within the band of what people thought they could do. And everybody was fascinated to find out that, oh my God, I thought my band of market conditions in which I can control my assets is X, but it is actually Y.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

27. “Assets in, which is because blockchains and the infrastructure, all of these things are built on force that transparency. Whereas the centralized financial system is very, very good at hiding it. It's very good at hiding it and packaging things in a glossy wrapper, creating a boom, then a bust.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

28. “Correspondingly, very, very big bust, which amazingly enough had a huge impact on everybody, even though they didn't participate in the boom part of the equation. In any case, what decentralized finance does is it takes these financial contracts that power the global financial system. It puts them in this new blockchain-based format that basically at this point provides three very powerful things. The first thing that it provides is complete transparency over what's going on with your financial product. So this means when you use a financial product in the DeFi format, you and you as a technical person actually can drill down very, very, very deeply. And you can understand where the collateral is, you can understand how much collateral there is, you can understand what format it's in, you can understand how it's changing, you can understand this second to second or block to block basis. So you have complete transparency into what's going on in the financial protocol that you have your”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

29. “So, the format you have for centralized financial agreements is that you go to a bank, even if you're a hedge fund, even if you're like the richest people, you go to a bank, they make a product for you, and you hope that they honor the product that they made for you. Or you do a deal with another hedge fund or whoever some counterparty, and you hope that that deal is honored And then a number of very freaky things start to take place. One of them is people don't have clarity.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

30. “Protection from different types of events and risks. That's a lot of what derivatives do, right? Derivatives allow us to say, hey, something's going to happen. And I'm either going to protect myself by getting paid if it happens, or I'm going to benefit from it happening by basically saying it's going to happen, putting money down on that, and that prediction will get me a return. Now, that's a very large part of the global financial system, excluding all the stuff for global trade and letters of credit and all the stuff that facilitates international trade. So excluding that at least for now. So if we look at what decentralized finance does, it takes all of those agreements about generating yield, lending, and all of these types of things you find in global finance and the world of derivatives and a few other types of financial products. And it basically puts them into a different format, right?”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

31. “Sure, so the decentralized finance is the instantiation of a specific type of smart contract, right? Or what I call hybrid smart contracts, which are these contracts that combine the on-chain code together with the off-chain proofs that something happened. They're called a hybrid because they basically use both of these systems, right? The blockchain and the proofs about what happened. And what DeFi is is one specific type of hybrid smart contract that is taking on the contractual agreements you traditionally find in the financial global financial system, right? And that's basically the world of lending, the world of yield generation for people giving me or giving whoever their money and somebody giving back them yield back to them, which is what bonds do and what treasuries do and what a lot of the global financial markets do, as well as the ability to gain exposure.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

32. “More and more data, that data is more and more accessible to everybody. And that accessibility and the fact that there's more of it means we can form more definitive truth proofs. Can form more and more proofs, and as we form those proofs, well, we can provide them to these blockchains and smart contract systems that consume them and then they're tamper-proof, right? So they can't be manipulated. And so now we've combined a system that can prove things with a system that guarantees us certain outcomes. And we have a better system of contracts, which is actually an unbelievably powerful tool that has never existed before.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

33. “A huge amount. So there's actually two things going on here. One thing is the amount of data that already exists, right? And the pieces of data coming off of markets, IoT, shipment of goods, any number of other things. Like even your YouTube channel has a certain amount of likes or a certain amount of clicks or a certain amount of views. And even that's quantifiable, right? So even to a certain degree, what we do here today, you and me right now, can be quantified as far as the amount of views, the amount of clicks, the amount of any number of other views.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

34. “Being acceptable to both of us is probably what's kind of necessary and sufficient for everything to move forward in a better way. In any case, much better than I'm a bank or an insurance company, I'm going to unilaterally decide what happens. It's definitely an upgrade from that.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

35. “Truth definition from kind of the philosophical world is really, really stringent and very, very hard to attain. And that's not what this is. And that's actually not what commerce or the ability for people to interact about contracts needs. What I think the world of commerce needs is an upgrade from someone can unilaterally decide what the truth is. Two, there can be a pre-agreed set of conditions where we define what the truth is under those conditions. And then you and me basically say if these 20 nodes or of these 30 data sources come to consensus within this method of consensus, with this threshold of agreement, then definitive truth has been achieved for you and me in our relationship for this specific agreement and the specificity and our shared agreement to that kind of Truth or that definitive truth”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

36. “So the interesting thing about definitive truth is that it actually exists on this, at least in my mind, on this spectrum between objective truth and just somebody made something up and nobody else agrees. So what I think definitive truth is, is it somewhere in the middle on that spectrum where if you and me define what truth is, right? Like if you and me have an agreement of some kind and we say as long as the weather is sunny or the weather isn't, there is no rain on that day, then there will be an insurance policy that results and you and me both agree that as long as three sensors, three monitoring weather monitoring stations all say that, then the definitive truth for us and for that agreement is the result of those systems coming to consensus about what happened out in the real world. I think the objective”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

37. “At the end of the day At that scale of something like that happening, yeah, at that scale of people being manipulated and harmed, then I think pretty much almost all people have an obligation to go against it. Probably that's like, in my opinion.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

38. “Think it's the nature of kind of the ethical dilemma that you face in that situation. There's kind of some, you know, this is obviously not something that's happening now, right?”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

39. “Actually, I think that's a very different question. There's an actually moral, ethical question there about whether you should allow a bunch of people to get manipulated and killed and slaved, because in the matrix they're all enslaved as a AAA battery to turn a human being into the battery, right? I think the moral and ethical question of that fascinating enough isn't actually different than the moral and ethical questions we face today in modern daily life, but I probably have given the choice of just completely going along or going against it, I would probably go against it if I had to make this kind of binary choice. Because going along with it. Think at that scale of scary stuff happening to people is probably something really, really, really difficult.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

40. “And that's for these two little screens by your eyeballs. What it's going to take to completely trick my consciousness into not knowing the difference in terms of like, you know, all the sensory inputs. I'm keeping my fingers crossed. Whoever does that and is close to doing that, they should contact me. I want to have my brain waves turned into a virtual machine.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

41. “Yeah, maybe in our lifetime, I'm really hoping for that. I'm hoping somebody can copy my brain waves onto a virtual machine. And allow that consciousness to continue to exist, whether that's death or not, I don't know. But I think it's actually going to require some serious leaps. Like even the VR headsets, right? They don't work if they go below 90 frame rates, right? People start getting freaked out. So you have to go from one gaming screen of 60 frames per second to two screens of 90 frames per second. And so the people's hardware today can't even handle that.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

42. “I think from a perceptual point of view, if my perceptions aren't in any way different, so fidelity is very good, it doesn't matter. I don't know, right? So if I don't know something, it doesn't really exist. And if it doesn't exist in my perception or my consciousness, then it doesn't exist, period, for me, at least. And then whether it exists in some, you know, more metaphysical version of things, I personally never really got into the metaphysics stuff because I could never really... I couldn't understand what the point of it was, right? It's one of these things where I couldn't really get. What the practical application of it was. And this is from those realm of questions, right? Like if there was something about the world, but you didn't have a capacity to perceive it, would it matter to you? To me, it wouldn't matter.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

43. “It is, but I don't really have anything else, right? I think all of these papers that brought up these questions of a simulation were like in epistemology and metaphysics. And what they were trying to do, I think, was they were trying to put people through a thought experiment where they would come out on the other end and say the reality of life is really worth something. And I don't ignorance isn't bliss, which is that consistent statement in the matrix, right? Ignorance is bliss. That's what one of the guys says when he's like, you know, doing something wrong and trying to get back into the matrix. And the question is, is ignorance bliss? And it's like a different version of that.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

44. “Well, yeah, when people go into the Star Trek transporter, are they killed or are they transport? I don't really know. I haven't read any papers on this. I haven't really thought about it too much. There's no way.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

45. “You think about how we would go into the digital world, our brain patterns would be mapped onto some kind of probably virtual machine, right? And that would mean immortality, right? Because the virtual machine has no limit to how long it can exist.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

46. “What they were trying to do is they were intuitively trying to understand is there some kind of intuitive personal connection we have to something being the real world. And then the Matrix movie actually came out of these papers and then these ideas made their way into the public consciousness. I personally think that if I had the choice to be in the digital world at the same fidelity as the real world with immortality, I would absolutely go with the digital world.”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source

47. “So I think this is actually a question more about what the fidelity of the digital world would be versus the physical world. I think this type of question and this whole simulation thing actually comes from papers about 20, 30 years ago in the philosophical world where people tried to make this thought experiment of would you be comfortable if everything that was happening to you happened in a simulation?”

    2021-05-01 · Lex Fridman Podcast · #181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks · IDENTIFIED FROM THE TRANSCRIPT · source