Uploaded June 2021 | Updated September 2026, 3 days ago
Anatoly Yakavenko is the co-founder of the Solana protocol (SOL) which claims to solve the biggest problems facing blockchains like Bitcoin, Ethereum, Cardano and others. Rather than proof of work or proof of stake, Solana is pursuing what is called proof of history.
Anatoly on Twitter: twitter.com/aeyakovenko
solana.com
Solana on YouTube: youtube.com/channel/UC9AdQPUe4BdVJ8M9X7wxHUA
Timestamps:
00:00 - Intro
00:58 - Pros and Cons of Proof of Work
6:50 - Solving for peer-to-peer information flow vs store of value
12:00 - Transactions per second on Solana
14:28 - Cost per transaction on Solana
15:40 - Smart contracts on Solana vs EVM (Ethereum Virtual Machine)
19:12 - Is there a need for Ethereum 2.0?
22:40 - Maximizing censorship resistance as unique priority for Solana
30:38 - Bitcoin lightning network?
31:45 - Future of payments?
40:25 - Thoughts on Dogecoin
42:10 - How important are memes/community vs technology?
46:10 - Problem Solana is solving
54:22 - Transaction fees and scalability
56:10 - Weaknesses of Solana
1:03:35 - Proof of history (vs proof of work and proof of stake)
1:17:44 - Can Solana be hacked?
1:21:18 - Bitcoin energy consumption
1:27:30 - Proof of stake challenges
1:30:00 - Other interesting blockchains - Cosmos, Bitcoin, Ethereum
1:33:27 - Are we in a short-term crypto bubble?
Disclaimer: At time of this video recording, my crypto holdings are ADA, ETH, BTC.
Social
🐦 Twitter mobile.twitter.com/heydave7
🎧 Apple Podcast: podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991
🎙️Spotify open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg
📸 Instagram instagram.com/heydave7
Dave Lee on Parenting, youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA
💁🏻♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date. When you buy through links in this video description, author may earn an affiliate commission.
Open an brokerage account at Interactive Brokers:
interactivebrokers.com/mkt/?src=daveleey&url=%2Fen%2Findex.php%3Ff%3D1338
Buying a Tesla?
🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556
☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556
Check out my archived articles/posts on Tesla and investing: teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768
Anatoly Yakavenko is the co-founder of the Solana protocol (SOL) which claims to solve the biggest problems facing blockchains like Bitcoin, Ethereum, Cardano and others. Rather than proof of work or proof of stake, Solana is pursuing what is called proof of history.
Anatoly on Twitter: twitter.com/aeyakovenko
solana.com
Solana on YouTube: youtube.com/channel/UC9AdQPUe4BdVJ8M9X7wxHUA
Timestamps:
00:00 - Intro
00:58 - Pros and Cons of Proof of Work
6:50 - Solving for peer-to-peer information flow vs store of value
12:00 - Transactions per second on Solana
14:28 - Cost per transaction on Solana
15:40 - Smart contracts on Solana vs EVM (Ethereum Virtual Machine)
19:12 - Is there a need for Ethereum 2.0?
22:40 - Maximizing censorship resistance as unique priority for Solana
30:38 - Bitcoin lightning network?
31:45 - Future of payments?
40:25 - Thoughts on Dogecoin
42:10 - How important are memes/community vs technology?
46:10 - Problem Solana is solving
54:22 - Transaction fees and scalability
56:10 - Weaknesses of Solana
1:03:35 - Proof of history (vs proof of work and proof of stake)
1:17:44 - Can Solana be hacked?
1:21:18 - Bitcoin energy consumption
1:27:30 - Proof of stake challenges
1:30:00 - Other interesting blockchains - Cosmos, Bitcoin, Ethereum
1:33:27 - Are we in a short-term crypto bubble?
Disclaimer: At time of this video recording, my crypto holdings are ADA, ETH, BTC.
Social
🐦 Twitter mobile.twitter.com/heydave7
🎧 Apple Podcast: podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991
🎙️Spotify open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg
📸 Instagram instagram.com/heydave7
Dave Lee on Parenting, youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA
💁🏻♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date. When you buy through links in this video description, author may earn an affiliate commission.
Open an brokerage account at Interactive Brokers:
interactivebrokers.com/mkt/?src=daveleey&url=%2Fen%2Findex.php%3Ff%3D1338
Buying a Tesla?
🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556
☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556
Check out my archived articles/posts on Tesla and investing: teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768
