Podcast 397: Is crypto the key to a democratizing the metaverse?
We sit down with journalist Ethan Lou, author of the book Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, to talk about China’s digital currency, the fallout of speculative markets, and democratizing the metaverse.
The metaverse isn’t just inevitable; it’s already here (and it has a booming real estate market).
As we move more of our lives online onto platforms controlled by increasingly powerful digital giants, Ethan explains the democratizing power of cryptocurrency and blockchain.
On the other hand, China’s new digital currency (government-issued but crypto-inspired) raises questions about privacy and surveillance. And why did China declare all cryptocurrency transactions illegal?
Is crypto the new oil—an environmental disaster burning all this energy in the face of climate change? Bitcoin was using as much energy as Finland or Pakistan.blockchain, cryptocurrency, metaverse, the stack overflow podcast
Who here remembers VRML? Yeah, me neither.
NO, Crypto is simply an enabler to control the victims. Because it has no real physical presence it’s so easy to manipulate to control those who subscribe to it.
Reworded: “Is crypto the key to democratizing the internet?”
or better “is crypto the key to carving out an enclave in a corporation controlled sub-internet?”
Starts to get silly doesn’t it.
Spoiler alert: no, it is not.
The metaverse isn’t new right? Remember 2nd Life?
From wikipedia’s article “Betteridge’s Law of Headlines”:
Betteridge’s law of headlines is an adage that states: “Any headline that ends in a question mark can be answered by the word no.”
I think that applies here.
Can we just not have this metaverse thing at all? Just an idea..