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Freakonomics Radio

509. Are N.F.T.s All Scams?

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 30 June 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

Some of them are. With others, it’s more complicated (and more promising). We try to get past the Bored Apes and the ripoffs to see if we can find art on the blockchain. (Part 2 of "What Can Blockchain Do for You?")

Transcript

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0:00.0

I know you take your mayoral salary in Bitcoin, or at least did, is that still the case?

0:07.6

I still do.

0:08.6

If you were to run for US President and win, you think you'd be able to get your salary

0:13.2

in Bitcoin?

0:14.2

I'm not sure.

0:15.2

That's a good question.

0:16.2

I'll tell you what, that would be a heck of an innovation.

0:18.4

I think just having a president that would want their salary in Bitcoin would be wonderful

0:23.0

for this country.

0:24.0

Because why?

0:25.0

It sends a signal that the President of the United States understands the transformational

0:28.0

nature of the technology.

0:29.6

There are technologies that have a generational impact, the internet, cell phones, things like

0:34.5

that.

0:35.5

This is one of those technologies.

0:36.5

I understand at the beginning, people are afraid of it.

0:39.1

They don't really understand it.

0:40.6

But I promise you that as you delve more into it, it becomes easier and more intuitive.

0:45.2

And certainly the generations that follow us, it will be simple for them.

0:48.7

Has there ever been a technology in the history of civilization that most people weren't scared

0:52.5

of at first?

0:53.5

I can't think of any.

...

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