Web 3 is Going Great with Molly White | E1396
About this episode
First, Molly Wood quickly sums up crypto donations flowing to Ukraine (2:03). Then, Jason and Molly chat with Molly White, the creator of the website "Web 3 is Going Great." We discuss the problems she identified with Web 3, speculation vs. building, DAOs, decentralization and more (7:01).
(00:00) Molly intros today's episode, crypto in Ukraine, Jason and Molly interview guest Molly White
(02:07) The ways crypto has been used to help Ukraine
(07:01) Molly and Jason interview guest Molly White
(10:32) Mercury - Banking built for startups. See more at https://mercury.com/twist
(12:02) Molly White talks about her website, web3isgoinggreat.com
(14:07) Molly White talks about newer technologies in web3 and their future
(17:06) Grifting in web3
(18:35) What it takes to truly understand web3
(20:38) RealGoodFoods - Go to https://realgoodfoods.com and use code TWIST for $15 off!
(22:06) Bitcoin toxicity, brigading, and wash trading
(25:34) Melania chimes in
(25:43) Categories of grift in NFT's
(30:47) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
(32:03) Jason predicts NFT lawsuits in 2023
(33:06) Toxicity in the bitcoin cult
(35:00) What are good uses for blockchains and the web3 shift
(35:55) Jason's defense of bitcoin
(36:42) Molly White's counter to Jason's defense of bitcoin
(38:17) Problems with energy consumption in bitcoin
(40:22) Can bitcoin help store monetary value in authoritarian countries?
(42:39) Are DAOs (decentralized autonomous organizations) a good idea?
(48:27) Questions companies need to be able to answer in the life of their product
(49:39) The downfall of Enron: "How does this company make money?"
(52:16) The caveats of being ok with true decentralization
(55:10) Doxxing in crypto
(01:04:03) Brigading in crypto and social media
Check out Web 3 is Going Great: https://www.web3isgoinggreat.com
FOLLOW Molly: https://twitter.com/molly0xFFF
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
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