DEVCON1: Ethereum for Dummies – Dr. Gavin Wood
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Ethereum's CTO Dr. Gavin Wood presents "Ethereum for Dummies" or "So, now we've built it, WTF is it?"
Speaker(s): Gavin Wood
Skill level: Beginner
Track: Execution layer
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Devcon is the Ethereum conference for developers, researchers, thinkers, and makers.
Devcon 1 was held in London, United Kingdom on Nov 9 – 13, 2015.
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Finally someone who explains it in a simple way. It’s Ethereum for non-programmers, not dummies.
This is gonna be regarded as a historic foundational talk on Ethereum… from the founder of Polkadot
Gavin made a fleeting comment that foreshadowed his development of Polkadot.
@Deen Somally near the end. when the attendee asked gavin about private chains
@Dean Mindock where in the vid is it?
When someone is straightforward and good at what he does people will always speak for them ✊✊
Based upon what he described, it seems like the death of intellectual property rights would maximize Ethereum’s potential to elevate humankind.
Also, I wonder how plausible it would be to root an opensource MMO into the world computer. Individual profiles would I guess remain on individual private servers, but if nothing leaves Ethereum, could you log in with your avatar and still get back out? Certainly, impacting the game’s environment with your avatar should produce real, lasting change.
i didnt exactly get what your question is, im basically learning the depths of blockchain right now lol ( still early? maybe) but im really curious after 5 years, did they give answers to your questions? how it evolved? It seems you were asking the questions which today they are trying to answer with NFTs and maybe metaverse?
also hoping you bought eth when you watched this and you are a millionaire right now =))
Fascinating talk by a very natural and charming speaker! Some of the material went over my head, and sometimes hard to hear, but overall a lovely presentation. Ethereum will change the world, without a doubt.
Can somebody explain to me (and many others) what is ETHEREUM and some of the basic definitions/methods you have to understand prior to understanding what it really is ?
Please explain it for DUMMIES ! Not for people who already are familiarized with cryptofinance…
THANK YOU!
This is so helpful. Up till yesterday I thought Ethereum was just a ramped up Bitcoin. So glad I was wrong. This is awesome
@Timo Wacke eth was around 200$ when I was in high school (2016-2017). All my friends were using it to gamble haha ?.
Learning it now… How much has ETH / USD? In the last 3 years? I knew about it at least for 3 years
Thank you for making ETH understandable.
The way I would explain it without dumbing it down too much, it’s a platform that allows a software package that contains business logic and user data to sit in the cloud. A copy of this cloud is replicated by millions of computers around the world to keep code/data integrity.. The user interface is an open source project that communicates with the software package in the cloud. To incentivize people to replicate this software package to be maintained you pay them with a digital currency. The value of digital currency is determined by the popularity of the entire platform. Early adopters gain the most if the platform becomes a success. What makes this platform unique is that the business logic / data cannot be taken down or changed unless multiple anonymous developers around the world agree to do so. This makes it so authorities cannot take down software or data they don’t like. Some use cases are: legal public records (deeds, court cases records, fictitious business names, etc)
amazing summary 🙂 the most clear and concise I think I have ever heard. Thank you Rick! Hope you don’t mind if I plagiarise you!
Rick Tuinenburg and
Rick Tuinenburg: I’m writing this in August 2017, two years after your post. Damn. ETH needed for public voting in our USA elections. Now, There’s a DAPP! (Somebody Tweet Trump! 🙂
They can’t do anything about shutting it down. They can join the party however. Everyone is invited.
and the ruling class will just sit back and let it happen??? banks, hedgefunds, corporate conglomerates, the wealthy, governments . . .
For dummies who already understand programming concepts like singeltons, object-oriented, and encapsulation, ha ha ha
Practise on a bunch of grandparents once they get it then you have nailed it this does not pass the test
how much internet bandwidth does one need to mine ethereum? does it depend on if mining is done via pool or solo?
Ladies and Gentlemen ! I think this is a perfect time to buy into the most serious currency we have right now! This that will revolutionize new technology! They call it blockchain baby ! ETHEREUM – ETH
Thanks though, audio is not good for this video maybe need to be amplified?
Dumbing it down would be:
Remember in Finding nemo, the East Australian current with all the turtles?
Ethereum is like the East Australian current that extends all over the world and can take turtles wherever they want to go. It can do anything the turtles want, and take them wherever they want to go. The turtles here are the ‘smart contracts’ and any fish can jump into the current and ride on the back of the turtle to wherever they tell the turtle to go once they pay some ether. The current is unstoppable, and every fish can peek in and see an immutable history of where other fish gone on the turtles.
Nice analogy Turtles, current, fish
Nice
Great answer to second question. Thank you.
Hard to believe this was 6 years ago. Wow, time flies. I still use ETH but Gav has built something really unique. Time will tell.
Still best resource for “conceptual” informations behind World Computer ?
Sigh. It’s the usual problem of programmer/maths geniuses thinking they’re dumbing it down sufficiently for a 1st year maths student, but forgetting that their audience is actually predominantly people who don’t even know what IO stands for. They need a translator and a vast number of better metaphors. SO many amazing inventions may have gone by the wayside because investors (who are not mathematicians/programmers) don’t have the first clue what they’re on about 🙁
It’s a dev conference. When he says he’s stripping out the jargon he’s probably referring to the crypto domain at large which is even more esoteric than plain old software development.
To be fair, this is a developer conference, and the speech was designed for that.
this invention is by no means “by the wayside” anymore
+obliquidie It just requires 45 minutes of research on common terms.
Ehereum simply is a decentralized programing language network on a decentralized public ledger
so to simplify it..
if bitcoin is a decentralized store of value
ethereum is a decentralized store of a programming language
That can basically be anything…
you can code it to function as a currency
you can code it to be a gambling platform
You can program it to be an self executing store
you can code it and build decentralized app on it (dapps)
you can create an smart contract with it who execute specific tasks based on the given code
automatically
and more..
you should be the one who explains what eth is lol