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Christoph Jentzsch

๐Ÿ‘ค Speaker
246 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

called the decentralized autonomous organization so this was a project basically a smart contract on the ethereum blockchain which aimed for connecting people to pull their funds together into one small contract and they could then decide what they want what they would spend it on so whatever they want and they could do a charity they could fund startups they could fund other projects whatever they want

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

But long story short, it failed.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

And we basically worked for giving everybody their money back, which we didn't succeed at.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

And yeah, that's a very short story.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

But there's, of course, a lot of things behind it.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

Yeah, he was one of the early developed members of the Ethereum Foundation.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So I joined summer 2014 as a lead tester.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So I was responsible for writing tests and all the clients would run those to see if they are true to the protocol.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

Because if you think about what Ethereum actually is, it's just a protocol.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

You define how people interact with each other.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

And I would write those tests and see, we call them consensus tests.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So to see that all the client implementations, like the C++ client, Python client, Go client, Rust, JavaScript, and so on, that they all would follow the same rules.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So that's what I did.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

I did work very closely together with Vitalik Buterin, Gavin Wood, and Shefi Wilke to ensure that all their clients were in sync.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

Yeah, kind of.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So in general sense, yes.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

But if they, like Augur, they launched their own token on top of Ethereum.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So they basically... So it wasn't Ether.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

Yeah, so people sent them Ether and got back Augur token.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So they created basically their own token some compared to shares some say it's more like an app coin so like a token you use to in order to use the app like an amazon gift card or something like this but basically they created their own token of value in exchange for the virtual currency ether.

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