David Rosenthal: commitment

Transcript context

…I actually didn't know that. No, he didn't. I'm thinking at this point that this is what he would be doing, but no. This is when he logs on to the forum and the reason he does it, the way he wants to earn bitcoin is he wants to write about Bitcoin. As he's going deeper in the communities, people are not doing a great job of communicating and evangelizing what this is. I'm good at technical writing, I think I can do a good job. Specifically, he created his account to respond to a post, a request for writers from the publisher of an organization called Bitcoin Weekly, which is a new site that no longer exists, but you can go read all this in the forum. The initial post reads I am willing to pay 5 bitcoin for anybody who would write an article and authorize me to publish it under the public domain. Pitch an idea to me and I will think about it. If I like your idea, you will get a four-day deadline to write your article and a three-day deadline to finish your final draft. I am one of the most reliable employers on the market. Young Vitalik responds and he's like, hey, I can write. Why don't I write about economics and the dynamics of why using credit cards doesn't make sense for micro transactions. This is all stuff I can write about. The publisher responds, he's like, yeah, sure, send in your submission and I'll see if I like it. Vitalik does. He writes the article He gets paid for it in 5 bitcoins, which at the time was worth $4. Today it's worth, what? I hope he kept those.…

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