Dr. Violet HowardDr. Violet Howard is a visionary entrepreneur, humanitarian, and corporate leader dedicated to financial literacy, business development, and empowering underserved communities through education, mentorship, and strategic innovation.

How Vitalik Buterin created Ethereum | Crypto Stories Ep. 3

Name: How Vitalik Buterin created Ethereum | Crypto Stories Ep. 3
Uploaded: 2022-01-14T16:59:33+00:00
Duration: 2 min 1 s
Channel: Dr. Violet Howard
Description: A first-person monologue (from the YouTube episode “How Vitalik Buterin created Ethereum | Crypto Stories Ep. 3”) recounting the speaker’s early…

14 Jan 2022 · 2 min

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A first-person monologue (from the YouTube episode “How Vitalik Buterin created Ethereum | Crypto Stories Ep. 3”) recounting the speaker’s early encounters with Bitcoin beginning in March 2011, early paid writing for Bitcoin Weekly (5 BTC/article, about $4), work that led to co-founding Bitcoin Magazine around September 2011, leaving university in 2013 to travel and work on Bitcoin projects full-time across the US and Europe, and the eventual conception of Ethereum as a blockchain with a built-in programming language to generalize cryptocurrency use beyond money.

Questions this video answers

March 2011.

5 bitcoins per article (about $4 at the time).

About $1 an hour; earned 20 bitcoins and spent 8.5 of them on a T-shirt.

About September 2011.

In 2013.

Chapters

I first heard about Bitcoin in March 2011. So first time I heard about it actually my dad told me he just found out about it. He told me hey look, it's decentralized currency thing. And I actually discarded it for the first time because I thought this is something that has no intrinsic value. Why would it ever become valuable? Why would it ever become valuable? But then I heard about it again after a few weeks and so I thought, you know, this might be something actually serious and worth getting into. So I went online on the bitcointalk forums and I tried to figure out, you know, what are some ways I can actually earn some bitcoins. So I started writing articles for this website called Bitcoin Weekly. They were paying me 5 bitcoins an article which was actually $4 back then. My first ever job paid about $1 an hour, earned 20 bitcoins, spent 8 and a half of them on a T shirt. Then it just kept on going. Mihaly Alicia contacted me in about September 2011. He said oh hey, I'm founding a magazine, do you want to become a writer for us? And so I became a co founder for bitcoin magazine. In 2013 I left university to travel around and work on bitcoin projects full time. So I went to the US to Europe, Spain, Italy, Israel. Eventually I got into this more interesting area of bitcoin that people are calling cryptocurrency 2.0, which is basically to look at the cryptocurrency, the blockchain technology and to use it for more than just bitcoin, the currency or more than just money. Looking at all these protocols with many different features and I was thinking how do you generalize them? How do you make something that allows you much more freedom without making an over complicated protocol? So I came up with this idea of having a blockchain with a built in programming language and that's basically what Ethereum US.