CONSENSUS CONVERSATIONS: Remember Why We’re Here – Crypto’s True Purpose

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 14 July 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A Consensus 2023 panel with Michael Casey, Caitlin Long, Neha Narula and Erik Voorhees. The crash of 2022 laid bare how far the cryptocurrency industry strayed from its early ideals, becoming as opaque as the system it challenged, and this year’s banking panics have underscored its reliance on that system. On the eve of CoinDesk’s tenth anniversary, it's an appropriate moment to take stock of how the industry lost its way, and whether and how it can still deliver on its original promises of greater transparency and resilience. After all, bank runs and runaway inflation merely highlight the need to rethink the legacy paradigm. Michael Casey, CoinDesk’s chief content officer, moderates alongside panelists: Caitlin Long, founder and CEO of Custodia Bank Neha Narula, director of Digital Currency Initiative Erik Voorhees, founder of ShapeShift This episode is executive produced by Jared Schwartz and edited by Ryan Huntington, with additional production assistance from Eleanor Pahl. Cover image by Kevin Ross and the theme song is "Get Down" by Elision. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.7	That's audible.com it has and will survive.
1:14.6	More than that, it will be stronger for it.
1:17.6	I've always loved Andreas' sewer rat analogy
1:21.6	because open source systems like Bitcoin
1:24.6	enjoy an evolutionary benefit from constantly grappling with their challenges,
1:30.3	when flaws are found, the system self-corrects and ultimately improves.
1:35.3	But how effectively, how efficiently that evolutionary process occurs and what it takes to
1:41.3	optimize it is an open question. And the answer depends on all of you.
1:47.9	How well can this community recognize, embrace, and learn from its mistakes?
1:54.8	A key part of doing that is to focus on what matters.
1:59.0	And in my mind, what matters are human beings.
2:02.5	The great promise of this technology that attracted me to it 10 years ago
	...

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