E114: Walrus CoFounder: He Spent 20 Years Chasing This Problem – Crypto Finally Let Him Solve It
George Danezis is the Chief Scientist at Mysten Labs, co-creator of the Sui blockchain, and the mind behind Walrus - a decentralized storage protocol that’s solving a problem he’s been thinking about for over 20 years.__________PARTNERS💳 Trezor is the safest cold storage wallets for crypto security and financial independence.Buy your Trezor Wallet (use PROMO Code from the video for a 10% discount): https://trezor.io/?transaction_id=1026f18ed46409e495c6db4bff90ab&offer_id=133&affiliate_id=35356🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana.https://jup.ag/🌱 Bitwise Asset Management is the crypto specialist asset manager with more than $10 billion client assets and more than 30 crypto solutions across ETFs, index funds, alpha strategies, staking, and more.https://bitwiseinvestments.com/💧Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.https://sui.io/♾ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com🔘 Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology. Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration.https://www.mantle.xyz_________FOLLOW GEORGE DANEZIS• Twitter: https://x.com/GDanezis• LinkedIn: https://uk.linkedin.com/in/gdanezis• Website: http://www0.cs.ucl.ac.uk/staff/G.Danezis/FOLLOW KEVIN & WHEN SHIFT HAPPENS👇Twitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinwshpod/ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://www.podpage.com/when-shift-happens/_____________DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Trailer1:35 Please Subscribe2:00 Partnerships 2:46 Sleeping Habits4:05 Who is George Danezis?4:23 What is a Chief Scientist?5:16 Research at Microsoft vs. Now6:59 What is “Good Research”?8:49 Corporate Innovation vs. Reality10:31 Why I Love Teaching Security11:52 Self Custody with Trezor12:44 Teaching vs. Real-World Application16:28 What Makes an Idea Great?17:51 The Idea That Never Worked Out19:50 Being Late to Ideas, Not Early20:56 The Essence of Peer-to-Peer Networks23:50 Why We Need Peer-to-Peer Systems?27:51 Why Decentralization Was Hard to Realize31:09 Bitcoin's Game-Changing Impact33:10 ETH Aha Moment34:46 Facebook’s Conviction in Blockchain37:39 Scaling DIEM to Sui39:20 Biggest Issue at Facebook40:20 Why Facebook Bet on Crypto41:40 Why I Left Facebook45:07 Balancing Passion and Pay46:43 What is a Blockchain Good For?51:42 Understanding Blockchain’s Limitations53:21 CryptoKitties54:36 Meme Coins: Culture vs. Scam57:02 The Role of Norms in Crypto1:00:32 What is the Sui Network?1:02:32 Why Do We Need The Sui Network?1:03:34 Layer 1 vs. Layer 21:05:07 Why Build a Layer One?1:09:21 Top Layer One Competitors1:10:45 Decentralization vs. Practicality1:14:06 Minimum Decentralization1:16:33 Data Storage & Its Biggest Problem1:20:05 What is Walrus Protocol?1:22:09 Why Walrus is Possible Now1:25:35 Why Sui Network for Data Storage?1:27:37 Vision of Walrus Protocol1:28:59 Building a Neutral Tech Future1:30:44 Using Existing Blockchains1:33:03 Future of Decentralized Production1:35:51 Prediction For The Next 12 Months1:39:04 Concluding Remarks