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The Breakdown

Narrative Watch | The NBA, Hearthstone & Hong Kong - Why Censorship Resistance Matters

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 9 October 2019

⏱️ 17 minutes

🧾️ Download transcript

Summary

First it was the NBA aggressively distancing itself from comments from Rockets GM Daryl Morey in support of Hong Kong protesters. Then it was Blizzard banning a player from competitive Hearthstone play for making a pro Hong Kong statement live on air. On this Narrative Watch, we dig into the uncomfortable tension between China's role in the globe business world and it's tight control over dissent and critique - and more specifically, why it is a reminder of the need for permissionless, decentralized, censorship resistant alternatives in money and technology.  Watch: https://www.youtube.com/nathanielwhittemorecrypto

Transcript

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0:00.0

Capital Management, CIO, Kyle Bass, and Yahoo Finance is Julia LaRoche with me here at the desk as well.

0:06.4

Kyle, you know, we should point out the timing of this has certainly added to the backlash,

0:10.3

and this is because the NBA is holding a preseason game over in Shanghai right now.

0:15.2

And yet I saw this this morning.

0:16.8

I thought, you know, this is kind of what we've seen before, with Marriott, with Delta, with Zara, all these companies that do business in China, but that don't necessarily tow the line.

0:27.6

What does this say about the risk that comes with doing business in China?

0:31.6

Yeah, I think it's, I think it is unbelievable and that the NBA issued an apology. I think it's crazy that the GM of the Houston

0:41.8

Rockets Morey deleted his tweet. I mean, are you telling me that we can't exercise our right

0:48.6

to freedom of speech in the U.S. defending the liberties, freedoms of U.S. citizens and the morality and the values that we

0:58.3

fought so hard to enjoy in our country, we have to apologize. Welcome back to another narrative

1:03.9

watch. All right. Hot button today. So today we're going to be talking about censorship

1:09.3

resistance in practice, right?

1:12.6

Not just in theory.

1:13.6

And so obviously, you know, if you have been paying attention at all, a couple different

1:18.6

interesting stories having to do with people coming out in support of the protests in

1:25.6

Hong Kong only to be quickly rebuffed by their industry

1:29.5

context. And so I wanted to look into that. I think it's an important issue that goes pretty

1:36.4

far beyond just this one situation and I think has a lot to do with the fundamental and existential

1:42.8

raise on debt for cryptocurrency networks and related technologies

1:48.2

in general. So first, let's talk about this idea of censorship resistance. What are we

1:53.1

talking about when we're talking about censorship resistance? It's one of the key ideas actually

1:57.7

that cuts across different subsections of the crypto space.

...

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