#64 - Tara Annison & Tim Beiko: Ethereum 2.0 VS Bitcoin

In today’s episode of the Somi Arian Podcast, we have two guests!  Tim Beiko runs the core protocol meetings for Ethereum and coordinates some of the most important movements as Ethereum advances towards the merge. The merge is when Ethereum transitions from proof-of-work to proof-of-stake, known as the most significant protocol change in history. I have a video on YouTube where I’ve explained these concepts, so be sure to check them out.  My second guest, or rather a co-host and a guest, is Tara Annison, Head of Technical Crypto Advisory at Elliptic, who has been on a couple of previous episodes. Tara is super knowledgeable about the technical aspects of Blockchain technology and she follows the merge very closely. She also gives us the Bitcoiner’s perspective on the most recent blockchain and crypto movements.    I thoroughly enjoyed this conversation and I’m sure you will too.    Outline 00:00 Intro 03:15 Tim’s “t-shirt story” & journey into Ethereum 10:47 “It is only worth starting a business is if you can do it better than the top 1%” 13:07 Bitcoin vs Ethereum 15:29 The Merge and Core Devs Robstein progress 22:56 Can this test be simulated? 25:20 Protecting Ethereum against other people throwing in extra hash rate 27:48 Is Ethereum going from proof-of-work to proof-of-stake less censorship resistant? 33:53 Bitcoiner’s perspective 42:38 Decentralization = decorrelated failures & swiss cheese 45:23 Maximal Extractable Value (MEV)  51:00 What really is blockchain? Some see it as a big company, some as the second internet  54:42 How long will it take until Ethereum gets disrupted comparing it to Web 2 56:55 Outro   Sponsors of this episode:  👉  https://www.metabrewsociety.com/ 👉  https://athleticgreens.com/somi