37 - Crypto is Empowering | Phil Bonello
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 2 November 2020
⏱️ 90 minutes
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37 - Crypto is Empowering | Phil Bonello
Phil Bonelo
- Director of Research of Greyscale
- Former ikigai asset management
- Messari. How crypto powers the individual.
Phil speaks about technology for the people by the people, a central theme of the Bankless Nation.
Crypto is an empowering technology.
Elliptic curve cryptography provides the maximum level of ownership assurances over property, a service that the Nation State historically has had monopoly over.
Cryptocurrency is a subset of cryptograpgy.
Cryptography powers more thing than just 'crypto'.
Why is it important to have individual-empowering technology?
How does encryption empower the individual? Is this good?
How does cryptography impact global labor markets?
What does an internet-enabled economy produce?
What else can we do with this power?
Join us as we go on this journey!
ACTIONS: 1) Read the Sovereign individual thesis - https://philjbonello.substack.com/p/the-sovereign-individual-investment
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Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier internet money and internet finance. |
| 0:19.0 | This is how to get started, how to get better, and how to front run the opportunity. |
| 0:23.6 | This is Ryan Sean Adams, I'm here with David Hoffman and we're here to help you become |
| 0:28.7 | more Bankless. David, fantastic episode today. Awesome episode today. What do you think |
| 0:34.6 | about it? |
| 0:35.6 | Yeah, this episode with Phil was a big step back away from the intricacies of DeFi and |
| 0:41.9 | the intricacies of cryptocurrency and into the world of cryptography and how crypto as |
| 0:48.5 | in cryptography is impacting the macro world, right? Because cryptocurrency is really just |
| 0:54.7 | one instantiation of the use of cryptography and something that the bankless nation I think |
| 1:00.5 | really relies on are not just cryptocurrency but tools that empower the individual and all |
| 1:06.8 | of these tools that we're seeing come out of the world in 2020 and even in and earlier |
| 1:12.6 | than that are all based in cryptography and so this episode with Phil is how crypto is |
| 1:18.4 | empowering and it's changing the world in so many different ways and we go into a lot |
| 1:23.0 | of those ways here on this podcast. It's really, that's why we called like Bankless, you |
| 1:27.3 | know, a movement, right? Because it's really a political movement that we're talking about |
| 1:31.4 | here, power to the people, power to the individuals, power to small groups to coordinate without |
| 1:36.4 | necessarily the big heavy infrastructure of a nation state. That's a pretty powerful concept |
| 1:43.6 | and Phil wrote this fantastic paper, the sovereign individual investment thesis paper. I think |
| 1:50.2 | took a lot of the ideas that were more, you made them more concise. He applied them to crypto, |
| 1:56.7 | but from a book that both of us really enjoyed the sovereign individual, a book that was written |
| 2:02.0 | in like what, 1999? 1997, yeah. Wow. Okay. Yeah, like maybe because we don't talk about it a lot |
| 2:10.1 | in this in this conversation with Phil, but maybe you should give folks an overview of that book. |
... |
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