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In this conversation, we chat with Dean Tribble, co-founder and CEO of Agoric. Agoric is a Proof-of-Stake chain utilizing secure JavaScript smart contracts to rapidly build and deploy DeFi, comprised of a team who are experts in smart contracts. Agoric was founded on open-source principles which look to build a public economy.
Prior to Agoric, Dean designed the negotiation process and contract for the first smart contracting system, AMiX. As a Principal Architect at Microsoft, he designed the Midori distributed object-capability operating system. As founder and CTO for Agorics (acquired by Microsoft), he developed the brokerage information system for Schwab’s active traders, the WebMart system for electronic contracts, and the first electronic check project by the FSTC for the DoD. As CTO of VerifyValid and VP of Deluxe, his echeck systems have carried billions of dollars.
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Timestamp
1’28”: Dean’s professional DNA - his motivations, profound experiences, and the journey
3’49”: Early distributed systems - what they are, their evolution, and how they inspired the foundations for the internet/Web that we know today
8’10”: Witnessing the evolution of the internet and how the vision, futurism, and ideals warped over time
16’12”: The relationship between the legal symptoms of society trying to figure out what to do vs what’s actually going on
19’34”: Early forms of smart contracts, designing large scale e-commerce infrastructure, and distributed systems
24’07”: Addressing the idea of building an abstraction/pattern/framework embedded in software and layers in neural networks/AI models
28’07”: Agoric: What it is, what it does, and where it is positioned relative to other Web3 ecosystems
34’02”: The Cosmos ecosystem, what it means to be “multichain”, and the protocol Agoric are in the process of building
38’14”: What composable DeFi means and what the hardened DeFi primitives are that Agoric is providing
43’30”: Channels to use to connect with Dean & learn more about Agoric
Sneak Peek:
Dean Tribble:
….when I go back to that definition of smart contracts, software that's enforcing the terms of a contract-like arrangement between third parties, nothing about that says blockchain, right? Blockchain was not a thing that we understood. That was an invention that came much later than the idea of smart contracts. To me, smart contracts is sort of the more core concept for the world, because you can do it where I've got my machine and you have your machine and we're engaging in distributed protocols in order to engage in some, whether it's commerce or other kinds of cooperation, but some cooperation where there are actual rights involved. I will swap this digital work of art in exchange for three months subscription to your podcast. And that could be an arrangement that gets made in software. There's no money changing hands, there's no banks involved, there's no nothing. But we might want software that enforces that exchange.
So, I can tell, "Ah, I've got this thing that is a cookie that will get me into your podcast for three months." And so that is a fundamental idea that many of us now at Agoric in different companies and in different places, we're working on the technology stacks for. So, we had a company called Agorics, no relation other than a lot of the basic ideas in the nineties, where we really worked on evolving that idea and what are the right abstractions so that programmers can safely, quickly put together independent market components into rich market applications. So, a reusable auction abstraction that you could plug in an extensible notion of what's a digital asset, so your auction could be across all those digital assets. And then the security infrastructure to be able to have a digital right that represents participation in an ongoing contract or access to a certain amount of bandwidth that the system could enforce that access to.
And this led to…
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