Cory Doctorow on Blockchain, Crypto & Web3
Channel: Life Itself
Date: 26/04/2022

What is web3, blockchain and crypto?
In this episode of "Making Sense of Crypto and Web3," activist and author Cory Doctorow joins Rufus Pollock to dissect the complexities of Web3 and blockchain technology. Doctorow offers a critical perspective on what web3 is and what blockchain is not, questioning its economic model, technological feasibility, and ethical implications. He further extends into the potential for hyper-financialization, the role of crypto tokens, and the challenges facing web3 projects. Doctorow also explores the limitations of blockchain technology itself, addressing concerns about security, scalability, and revocability. This discussion prompts a deeper understanding of web3 and blockchain technology, encouraging viewers to think critically about their impact on the future of the internet and society. 

https://web3.lifeitself.us/notes/cory-doctorow-on-blockchain 

0:00 - Introduction to Cory's position on web3
06:44 - Crypto tokens as currency
11:48 - State spending, the monetary supply, and resources
20:43 - The transactional mindset of the web3 space
27:12 - Hyper-financialization
40:37 - Technology, security, and revocability 
53:15 - Trust and the irreducible need for an oracle
1:06:00 - Inequality, blockchain, and the state

To listen as a podcast: https://anchor.fm/life-itself/episodes/Cory-Doctorow-on-Blockchain--Crypto--Web3-e1hmcfk 

You can learn more about Cory and his work here:
https://pluralistic.net/ 
https://doctorow.medium.com/ 

To learn more about our Making Sense of Crypto & Web3 project, visit https://web3.lifeitself.us/

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Life Itself is a a community of people seeking a wiser world.

Looking around us we can see that neither our society nor our planet are as well as they should be. Greater wisdom is needed both in diagnosis and in finding cures.

We emphasize wisdom because we believe this is about more than finding a quick-fix in technology or politics — it is about finding something deeper within ourselves and our societies.