MONEY REIMAGINED: Decentralization in the Web | Building a Web of Trust
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 May 2024
⏱️ 51 minutes
🧾️ Download transcript
Summary
Philip Rosedale of High Fidelity discusses the benefits of experimentation and exploration in the metaverse for improving governance and communal living.
This episode is sponsored by Consensus 2024
Now Available for pre-order |
Michael Casey’s New Book with Frank H. McCourt, their forthcoming book: Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age
In this episode of "Money Reimagined," hosts Michael Casey and Sheila Warren are joined by Philip Rosedale, co-founder and advisor of High Fidelity, to discuss the history of virtual currencies and the open web. They dive into Second Life's origins and the Linden Dollar, its virtual currency. Also, breaking down decentralization's importance in web architecture, advocating for individual control over data. Rosedale emphasizes trust in human relationships over technology, proposing a "web of trust" for information flow and the potential impacts of the ever-evolving metaverse.
Chapters |
00:00 Introduction and Background of Philip Rosedale
02:59 The Origin Story of Second Life and the Linden Dollar
05:13 The Role of the Linden Dollar in Enabling Exchange
08:56 The Challenges of Designing the Linden Dollar
11:20 The Importance of Money in Trading with Strangers
13:16 The Concept of Mutual Credit and Scaling Trust
16:30 The Early Trades and Stability of the Linden Dollar
21:36 The Challenges of Aggregators and Individual Control
22:44 Decentralization in Web 3.0 and the Role of Aggregators
23:23 The Importance of Trust in the Digital World
28:42 Building a Web of Trust
33:02 The Potential of the Metaverse
40:08 Exploring New Ways of Governance in the Metaverse
Links |
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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MRP15.
Register now at consensus.coindesk.com
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Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:49.6 | The early web was profoundly decentralized. |
| 0:53.3 | Look, you know, if Taylor Swift wants to fight the system and just |
| 0:56.8 | pull all her tracks off of all the sites and everything, all she has to do is put up TaylorSwift.com |
| 1:02.2 | and start delivering those downloads directly on that site. Now, that leads to a more, |
| 1:07.7 | a deeper conversation, right? Which is, well, why does she do that, given that, you know, we all just want liberty and freedom |
| 1:12.8 | and individual control, right? |
| 1:14.4 | And, of course, that's not exactly the way things work. |
| 1:23.0 | You're listening to CoinDesk's Money Reimagined with Michael Casey and Sheila Warren. |
| 1:31.7 | Hello and welcome to Money Reimagined. I'm Sheila Warren here with my co-host Michael Casey. |
| 1:36.5 | And we're joined today by our guest, Philip Rosedale. Philip is a co-founder and advisor of |
| 1:41.3 | High Fidelity, a company devoted to exploring the future of |
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