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BREAKDOWN: From Proof of Health to UBI: How Everything Changes Post COVID-19, Feat. Joe McCann

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CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 21 April 2020

⏱️ 63 minutes

🧾️ Download transcript

Summary

Joe McCann currently works in cloud and AI at Microsoft and has spent decades in tech, crypto, and open source communities. He recently wrote a piece called “A New, New World Order” all about the second and third order effects of Covid-19. 

In this conversation, Joe and NLW discuss:

  • Localism and the beginning of the end of globalization
  • The return of domestic manufacturing 
  • The ‘Roaring 20s’ of Inflation
  • The inevitability of Universal Basic Income in response to inflation
  • QE infinity and the US’s nationalization by proxy
  • National healthcare as national security and why microbes are this decade’s terrorists 
  • Proof of health, and why it’s likely to be implemented on a blockchain

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Transcript

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0:00.0

Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.

0:15.0

The Breakdown is distributed by CoinDesk.

0:20.0

Welcome back to the breakdown.

0:22.6

It is Tuesday, April 21st, and today we are continuing our exploration of what comes next.

0:30.4

We've been in this crazy, liminal, in-between moment where it feels like the superstructure of the economy and society around us

0:40.9

is shifting in ways that are both new but also accelerated by virtue of the coronavirus and

0:48.4

the shutdowns and the economic fallout from all of that. And I think we're now at a point

0:52.9

where a lot of us are trying to make sense

0:55.3

of what happens next. How do we understand the second, third, fourth order effects in a way that

1:01.7

allows us to actively walk towards them or understand our place within them rather than just kind of

1:07.2

letting them happen to us? I think there's a real hunger to interact and act upon

1:12.3

the future rather than just letting it act upon us as we have been acted upon by this COVID-19 crisis.

1:18.9

So today my guest is Joe McCann. Joe is a really interesting, very diverse thinker. He's

1:25.2

currently at Microsoft. He's spent years in the open source community,

1:28.8

in technology communities, in the crypto communities. He's been a regular markets trader and a

1:33.0

crypto trader. He's run crypto startups and fundraised in the venture capital market. So

1:38.0

really interesting and diverse perspective. But he recently published an essay called the New

1:43.6

New World Order. and today we effectively

1:46.3

go through a bunch of his arguments. This was an essay that was a way for him to explore

1:51.5

the second and third order effects. It starts with localism and the beginning of the end of

1:57.0

globalization, leading into the roaring 20s of inflation as manufacturing comes back home

2:02.8

and UBI becomes the backstop from the sticker shock of prices of goods inevitably rising in the

...

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