EP12: Sergio Lerner - RootStock and Smart Contract Platforms
Talk of smart contracts on bitcoin have been around since at least 2011, but we've never had an easy implementation. Sergio Lerner is attempting to bring smart contracts to bitcoin via his new startup Rootstock.
- Worldwide-known Security Consultant
Cryptocurrency designer (Designed more than 50 improvements to Bitcoin)
- Security adviser for the Bitcoin Foundation
- Found critical vulnerabilities in Bitcoin Core, Bitcoinj, and Ethereum among others
- RootStock – Bitcoin Sidechain http://www.rootstock.io/
- 2009: Writes a University thesis about peer to peer poker, without any central casino. The problem: now I can play poker, but I don't have money to play poker.
- 3:57 Sergio develops the first turing complete platform called QixCoin in 2013 – only for online gaming, but it could do a lot more.
- 4:07 What can you do with a smart contract platform?
- 5:25 Smart Contracts: “Everywhere you see a third party, there might be a way to remove the third party.”
- 7:26 What is a sidechain? Why is it important?
- Bitcoin should advance slowly. Sidechains can move faster in experimentation.
- 10:14 What exactly is Rootstock? http://www.rootstock.io/
- 11:44 Sergio has started four bitcoin startups in Buenos Aires that are successful including:
- WayniLoans – Peer to Peer lending in Latin America - https://www.wayniloans.com/
- Coin Fabric
- CoinSpect https://coinspect.com/
- 13:14 – Sergio gives advice to a developer just starting to get interested in bitcoin. Sergio gave advice two years ago to a friend: Go to bitcoin.org website, then Sergio gave him a job. Now companies from all over the world come to this developer, because he is one of the best in the world at this particular skill.
- Regarding Bitcoin: “What I say to programmers is there is a huge opportunity to become an expert in this field.”
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